Market Research Future published a research report on “Automotive Transmission Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Allison Transmission Inc. (U.S.), Aisin Seiki Co. Ltd. (Japan), Continental AG (Germany), BorgWarner Inc. (U.S.), Eaton Corporation PLC (Ireland), GKN PLC (U.K.), Jatco Ltd. (U.S.), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany) and Schaeffler AG (Germany), and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global automotive transmission market.
Automotive Transmission Global Market – Overview
Automotive Transmission transfer the power that is developed from the engine of the vehicle to driving the wheels of the vehicles. It comprises of clutch, gearbox, propeller shaft, rear axle and wheels. The propeller shaft is usually used to connect other components of the drive train that cannot be connected directly due to far distance between the two components. The drive shaft incorporates one or more universal joints, jaw coupling, and sometimes prismatic joint. The innovation in technology in the automotive propeller shafts, is expected to drive the market in future. Innovation such as light weight propeller shaft, have emerged in order to reduce the overall weight of the vehicle. According to a recent study report published by the Market Research Future, The global market of automotive transmission is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).
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There are various types of automotive transmission that are used in the vehicles which includes automatic, manual, automatic manual transmission, continuous variable transmission, and dual clutch transmission. The manual transmission uses a driver operated clutch to engage and disengage the gear system. It does not provide the smooth operation of the vehicle due to manual changing of gear system. The automatic transmission are of different types such as automated manual transmission (AMT), dual-clutch transmission (DCT), and continuously variable transmission (CVT). The continuously variable transmission do not have a specific number of fixed gear ratios, but provides an infinite number of gear ratio. They allow greatest efficiency when the vehicle is in Stop and Go condition. The automated manual transmission uses a clutch rather than a torque converter. The automatic transmission helps to reduce the fuel consumption and CO2 emission. The Federal Motor Vehicle Safety Standard states that the engine starter should be not in the operation when the gear is in the forward or reverse drive position. This will prevent from an unexpected motion of the vehicle reducing accidents.
The factor that are responsible for the growth of automotive transmission market in future are growing demand for fuel efficient vehicles, increase in the sales of new vehicles, technology trend in the automotive industry. The growing demand for fuel efficient vehicle increases the demand for light weight components in the vehicles. The advancement in automotive industry have led the automotive manufacturers to innovate their products in order to sustain the market. This innovation in technology have led to the growth of the market during the forecast period.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Automotive Transmission market are that of new product development.
In May 2017, Honeywell International Inc. introduced Honeywell Garrett Redboost series of Transmissions for the Chinese independent aftermarket.
In 2015, BorgWarner had delivered DualTronic clutch module to Eaton for class 6 and 7 medium-duty trucks in North America. This will help to improve the fuel efficiency of the vehicles.
In March 2015, Cummins, Inc. launched pioneering Transmission technology.
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Automotive Transmission Market – Segmentation
The global Automotive Transmission market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Automatic, Manual, Automatic Manual Transmission, Continuous Variable Transmission, Dual Clutch Transmission.
Segmentation by Vehicle Type : Comprises Passenger Car, LCV, HCV.
Segmentation by Fuel Type : Comprises Gasoline, Diesel, Others.
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Automotive Transmission Market: Regional Analysis
Asia Pacific is the largest market for automotive transmission due to increase in sales of vehicle in this region. The development in automotive industry have led to the emergence of new and high-tech automotive technology, which will attract the interest of the consumers. The increasing concerns for safety among consumers drives them towards the safety and quality of automotive transmission market. The standard technology offered by the small automotive installation service provider will be replaced by the specialized automotive transmission such as automatic transmission so as to meet the market expectation. This will create an opportunity for the specialized automotive market to meet the standard for the automotive transmission. Europe is expected to be the second largest market for automotive propeller shaft market due to stringent norms for fuel economy which will increase the investment in the research and development.
The report for Global Automotive Transmission market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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