Automotive Transmission Market Size & Share Expected to Reach USD 260 Billion by 2026: Facts & Factors
Facts & Factors
7 min read
[205+ Pages Research Study] According to Facts and Factors market research report, the global Automotive Transmission Market size & share revenue is expected to grow from USD 170 Billion in 2019 to reach USD 260 Billion by 2026, at 6% annual CAGR growth during forecast period of 2020-2026. The top market companies profiles included in report with their sales, revenues and strategies are Toyota Boshoku Corp, DENSO Corporation, Hitachi Automotive Systems, Continental AG, JTEKT Corp., Robert Bosch GmbH, and Others.
New York, NY, Oct. 10, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Automotive Transmission Market By Transmission Type (Manual transmission, Continuously variable transmission, Automatic transmission, Dual-clutch transmission, and Automated manual transmission) and By Vehicle Type (Passenger Cars, HCVs, and LCVs), By Fuel Type(Diesel, and Gasoline), By Number of Forward Gears(<5, 5 – 6, 7 – 8, 9 – 10, and 10<): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” in its research database
“According to the latest research study, the demand of global Automotive Transmission Market size & share expected to reach to USD 260 Billion by 2026 from USD 170 Billion in 2019, at a compound annual growth rate (CAGR) of 6% during the forecast period 2020 to 2026”
Global Automotive Transmission Market: Overview
The automotive transmission is a power transmission network that provides controlled power applications. It is also known as gears and gear trains to transmit speed and torque from a spinning power source to another unit. The growing use of personal vehicles is expected to grow automotive transmission in the forecast period.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Automotive Transmission industry. The report analyzes and declares the historical and current trends analysis of the Automotive Transmission industry and subsequently recommends the projected trends anticipated to be observed in the Automotive Transmission market during the upcoming years.
The demand for car transmission is propelled by a rise in vehicle production and sales around the world. Passenger car production and sales are on the rise in the APAC and North American areas. Similarly, due to the rising logistics industry and increasing demand for public transport, the commercial vehicle sector has also seen significant growth in recent years. Growing technological development in automobiles worldwide along with an increase in consumer disposable income in developed economies is a significant factor in the growth of the demand for automotive transmission. Consumers looking for greater convenience and luxury are yet another driving force for market growth. The major restraining factor is the high cost of transmission systems.
The automotive transmission market is segmented according to transmission type, vehicle type, fuel type, and a number of forwarding gears. Based on the transmission type, the market is categorized as Manual transmission, continuously variable transmission, Automatic transmission, Dual-clutch transmission, and automated manual transmission. According to vehicle type, the market is bifurcated as Passenger Cars, HCVs, and LCVs. In addition to this by fuel type market is further divided as Diesel and Gasoline. Moreover, based on the Number of Forwarding Gears market is segmented as <5, 5 to 6, 7 to 8, 9 to 10, and 10<.
The Automotive Transmission market research report delivers an acute valuation and taxonomy of the Automotive Transmission industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
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According to the region the market is segmented as Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific is the market leader in the automotive sector and is gearing up for the forecast period for augmented growth. Asia Pacific region's growing demand for commercial vehicles is also a major driver of the global automotive transmission network. North America and Europe is also a major market for luxury cars and sports and is expected to grow during the forecast period at a steady rate of growth. In North America and Europe, demand for the aftermarket transmission system is high which could have a positive effect on the overall market for a vehicle transmission.
Browse the full “Automotive Transmission Market By Transmission Type (Manual transmission, Continuously variable transmission, Automatic transmission, Dual-clutch transmission, and Automated manual transmission) and By Vehicle Type (Passenger Cars, HCVs, and LCVs), By Fuel Type(Diesel, and Gasoline), By Number of Forward Gears(<5, 5 – 6, 7 – 8, 9 – 10, and 10<): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026"https://www.fnfresearch.com/automotive-transmission-market-by-transmission-type-manual-transmission-1048
This report segments the Automotive Transmission market as follows:
Global Automotive Transmission Market: By Transmission Type Segmentation Analysis
Manual transmission
Continuously variable transmission
Automatic transmission
Dual-clutch transmission
Automated manual transmission
Global Automotive Transmission Market: By Vehicle Type Segmentation Analysis
Passenger Cars
HCVs
LCVs
Global Automotive Transmission Market: By Fuel Type Segmentation Analysis
Diesel
Gasoline
Global Automotive Transmission Market: By Number of Forward Gears Segmentation Analysis
<5
5 – 6
7 – 8
9 – 10
10<
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