Automotive Transmission Market by Type (Automatic Transmission, Continuous Variable Transmission, Dual Clutch Transmission), Vehicle (Commercial Vehicle, Passenger Vehicle) - Global Forecast 2024-2030

Automotive Transmission Market by Type (Automatic Transmission, Continuous Variable Transmission, Dual Clutch Transmission), Vehicle (Commercial Vehicle, Passenger Vehicle) - Global Forecast 2024-2030

The Automotive Transmission Market size was estimated at USD 69.08 billion in 2023 and expected to reach USD 73.25 billion in 2024, at a CAGR 6.43% to reach USD 106.87 billion by 2030.

An automotive transmission, known as a gearbox, is a vital component of a vehicle's drivetrain tasked with directing power from the engine to the wheels, thereby enabling the vehicle to move. The transmission ensures that the engine operates within an optimal performance range while adapting to various driving conditions, such as acceleration, cruising, and climbing hills. The growing electric vehicle adoption introduces demand for new transmission designs, such as single-speed transmissions specific to EVs. In addition, stringent emission norms worldwide are pushing OEMs to design more efficient transmission systems. However, the increasing complexity of modern transmissions can raise manufacturing costs and time. Furthermore, exploring lightweight and high-strength materials for transmission components to improve efficiency and performance create strong opportunities for market growth.

Regional Insights

The Americas, particularly the United States, and Canada display diverse automotive transmission preferences. While automatic transmissions dominate the United States market, there is an increasing interest in manual transmissions in Canada due to their cost-effectiveness and fuel efficiency. The United States market is characterized by a strong preference for automatic transmissions, with significant advancements in continuously variable transmissions (CVT) and dual-clutch transmissions (DCT) technologies. Europe is at the forefront of adopting environmental regulations, which has led to an augmented demand for efficient and sustainable transmission systems. The focus is on developing lightweight and compact transmissions that reduce CO2 emissions. The Asia Pacific region, particularly China, Japan, and India, is a significant region in the global automotive transmission market. This region's growth is fueled by increased vehicle production and the adoption of new technologies. Consumers in the Asia Pacific are increasingly leaning towards fuel-efficient and low-emission vehicles, which has led to a surge in demand for advanced transmission systems.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Transmission Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for lightweight automotive transmission systems
• Growing proclivity for better driving experience and smooth gear shifting
• Adoption of advanced systems such as automated manual transmission (AMT) with reduced CO2 emissions

Market Restraints

• Volatility in raw material price and high cost of advanced automation transmission systems

Market Opportunities

• Rising demand for electric and hybrid vehicles
• Technological advances and adoption of CVT and DCT technologies

Market Challenges

• Concerns regarding high energy required for working of the transmission system

Market Segmentation Analysis

• Type: Increasing preference of continuous variable transmission for smooth acceleration
• Vehicle: Growing significance of manual and automated manual transmissions in commercial vehicles

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Transmission Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Transmission Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Allison Transmission Forms Strategic Partnership with SANY to Provide Transmissions for Mining Vehicles

Allison Transmission has announced a groundbreaking partnership with Jing-Jin Electric (JJE), a company in propulsion systems for electric vehicles. This collaboration signifies a monumental step towards innovation and sustainability, with both companies pooling their extensive expertise and resources. The alliance is set to focus on the development and manufacturing of best-in-class electrified propulsion solutions.

CenterGate Capital Announces Partnership with TransGo, Provider of Aftermarket Transmission Parts

CenterGate Capital has made a strategic investment in TransGo, LLC, a prominent provider of aftermarket parts and kits for automatic transmissions. TransGo stands out for its engineering prowess in creating replacement valve body repair kits and related products renowned for their excellent quality, durability, and performance.

ZF Group announces plans to extend the local production of transmissions and axles in Coimbatore

ZF has unveiled its innovative 2-speed electric drive unit, strategically designed to enhance efficiency and performance in electric vehicles (EVs). This advanced transmission system, which incorporates an electric motor and a 2-speed gearbox, establishes new benchmarks in EV technology. It is expertly engineered to optimize the range of electric vehicles, thereby addressing a critical consumer concern.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Transmission Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Transmission Market, highlighting leading vendors and their innovative profiles. These include Aisin Corporation, Allison Transmission, Inc., AVTEC Limited, BorgWarner Inc., Continental AG, Eaton Corporation PLC, Ford Motor Company, General Motors Company, GKN Automotive Limited by Melrose PLC, Grupo Kuo Sab De Cv, HYUNDAI TRANSYS Co., Ltd., Iveco Group N.V., JATCO Ltd. by Nissan Motor Co. Ltd., Magna International Inc., Mercedes-Benz Group AG, NSK Ltd., Oerlikon Management AG, Robert Bosch GmbH, Schaeffler AG, Valeo Group, Vitesco Tech, Volkswagen AG, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Transmission Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Automatic Transmission
• Continuous Variable Transmission
• Dual Clutch Transmission
• Manual Transmission
• Vehicle
• Commercial Vehicle
• Passenger Vehicle

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year