Report Summary

The global automotive transmission market size was valued at USD 157.9 billion in 2018 and is estimated to grow at a CAGR of 6.2% during the forecast period. Automotive transmission framework highlights different gadgets, by which seamless gearshifts ensue. High torque is transmitted from the engine to the live axle of an automobile through the drive shaft. Each component vis a vis shafts, gears and other useful accessories take pride in delivering motion to the automobile. Various components such as gears, brakes, clutch, fluid drive and other essential parts imparts velocity to car and are directly related to speed ratio of the cars. Torque is transferred from the engine drive to the wheel axle. The torque is transmitted from a mesh of gears which hinges on number of teeth in the gears.

Car transmission framework consists of two gear types, one automatic and the other manual. Manual needs human interference to shift gears whereas the automatic changes gears without the need of a control driver. There are incorporated different components, viz: riggings, shafts and different parts that empower the development of a car. Segments, for example, gears, brakes, grip, liquid drive and different parts work in tandem for changing over the speed ratio between the motor and wheels of a vehicle.

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Type Outlook

Manual transmission is one the majorly used technology used in vehicles and is considered to be the largest growth pioneer. Minimal effort of vehicles with MT, entrenched market for MT vehicles, and absence of focus among customers with regards to the huge advantages of automatic transmission (AT) have worked for this section up until this point. Advancements in automotive industry and development of ATs, this segment is subtly moving towards the AT technology. ATs employ lucid gears which are efficient and precise in use. Upgradations in ATs coupled with fuel economy are driving market growth of this segment, casting a shadow over MT systems in the U.S.

The market is driven by a various technology including Dual Clutch Transmission (DCT) Automatic Manual transmission (AMT), Automatic Transmission (AT) and Continuous Variable Transmission (CVT). DCT and CVT possess higher market appeal due to fuel efficiency. The DCT and CVT systems present higher cost of installation to OEM’s than traditional alternatives.

The situation has brought about the improvement of innovatively propelled items, such as CVTs, 9-speed programmed transmission, and double shafts gearboxes (DSG). The expanded interest for programmed transmission in section level vehicles, particularly crosswise over growing economies, such as India, Brazil, and Mexico inferable from the additional accommodation and solace offered from them is working for the market.

Automotive Transmission Market Scope

By Transmission Type By Vehicle Type By Fuel Type By Region MT

AT

AMT

Dual Clutch Transmission

Continuously Variable Transmission Passenger Cars

Light Commercial Vehicles

Heavy commercial Vehicles Gasoline

Diesel

Others North America (U.S., Canada)

Europe (Germany, UK, France, Italy)

Asia Pacific (China, India, Japan)

Latin America (Brazil, Mexico)

MEA

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Vehicle Type Outlook

The growing automotive industry comprising a spate of a passenger cars and commercial vehicles drives growth of the market. The passenger cars segment helmed the market in 2017 and an increasing demand for luxury vehicles and a growing demand for passenger vehicles from developing economies was at the root of market growth.

The vehicle types include passenger cars, light commercial vehicles and heavy commercial vehicles. The passenger cars segment dominated the vehicle type market segment in 2017. A rising demand for luxury vehicle and highly favorable demand for passenger vehicles dominated industry growth instrument. A striving demand for smooth and seamless driving experience coupled with enhanced savings in fuel has stirred up automotive transition market.

Fuel Type Outlook

There are two variants in vehicle engine types. Petrol and diesel are the two fuel mediums. Petrol vehicles are relatively smoother than diesel engines. Diesel engines accounted for highest market share in 2107. Gasoline engines emit toxic gases into the environment which are lethal. Rising vehicular emissions and global warming has led to the production of high-efficiency and environment-friendly transmission systems. Diesel type segment is expected to observe high growth during forecast period. Fast growing diesel engines have the advantage of high compression ratio which imparts better efficiency as compared to gasoline engines. A favorite of SUV’s, diesel engines overtake petrol fueled vehicles and remain the most liked in SUV’s.The major point driving market involves the incorporation of traveler autos and light weight business vehicles, rising interest for eco-friendly vehicles and an expanded inclination for smooth driving awareness by consumers. Furthermore, stringent administrative standards particularly in Europe have instilled development of the market. Not surprisingly, the expenditure involved in cutting-edge transmission frameworks is a significant restriction to the development of market.

The growing automotive industry and increasing number of passenger and commercial vehicles drive the growth of the market. The introduction of government regulations regarding carbon emissions increases the demand for effective systems across the globe. The rising popularity of luxury vehicles and increasing preference towards enhanced driving experience with high efficiency, improved fuel economy and rising disposable incomes have accelerated the adoption of this system. The growing demand for light weight transmission systems further boosts the growth of the market. The increasing demand of automobiles from emerging economies, and technological advancements also increase the demand of automotive transmission systems. Rugged and four-wheel drive automobiles such as Hummer, Jeeps and Monster trucks are gaining precedence in a growth intensive market.

Rising focus on achieving substantial fuel economy drives major developments in market. Various variables are impacting immense changes in a manner that the market is prompting. Factors, for example, transforming inclinations of shoppers as far as vehicle selection, requirement for improved mileage and higher power necessities are pushing car organizations and transmission framework makers to put more in innovative R&D work. In addition, car makers are ceaselessly embracing research activities to improve vehicle offloading times and to diminish transmission control reaction time while meeting carbon outflow standards. A progressive trend for the market is seen so far as a demand exists for commercial vehicles and passenger cars.

Region Outlook

Asia Pacific accounted for the highest market share in automotive transmission market because of booming demand for passenger cars in the region and technological penetration. The governments have passed stringent regulations regarding emission laws in the countries that give rise to market growth globally.

Europe and North America are weaning towards comfort and energy efficacy in vehicles so there is a strong market growth in these regions. The newer market trend catching on like wild fire is n-speed automatic systems where n is the number of forward gears.

Geologically, the popularity of traveler vehicles crosswise over developing economies, for example, India and China are sound examples of growth. The market in Asia Pacific is probably going to rise most rewardingly. The market in North America likewise is expected to display a promising pace of expansion inferable from the favoritism for vehicles with sophisticated transmission frame-works, adding to market growth.

Competitive Landscape

The vendors in the market are launching new products to satisfy customer needs and thus remain in the competition. The leaders in the market are procuring and collaborating with top companies in the market to ramp-up operations and expand customer base.

The key players profiled in the market include Magna International, Allison Transmission Inc., Eaton Corporation Plc., Continental AG, Schaeffler AG, Jatco Ltd., ZF Friedrichshafen AG, Aisin Seiki Ltd., Borg Warner, Inc., and GKN PLC among others.