China Automotive Transmission Market Overview, 2029

China Automotive Transmission Market Overview, 2029

China has one of the biggest and most active automotive industries in the world, and the country's gearbox market is an essential part of it. China has the largest automotive market in the world, with a wide range of suppliers, customers, and manufacturers in its ecosystem. Within this ecosystem, the gearbox market includes a broad range of gearbox technologies that serve different vehicle sectors, including as electric vehicles, commercial vehicles, and passenger automobiles. The superior manufacturing capabilities, vast supply chain infrastructure, and substantial R&D expenditures of China are advantageous to the gearbox sector. This market is made up of both foreign and indigenous enterprises with production sites in China. Advanced transmission technologies including continuously variable transmissions (CVTs) and dual-clutch transmissions (DCTs) are in high demand due to the quick growth of the electric and hybrid car markets. Additionally, China's dedication to lowering emissions and advancing environmentally friendly transportation options is spurring innovation in gearbox technology, with an emphasis on enhancing fuel economy and lessening environmental effect. In light of the ongoing changes in the automotive industry, China's gearbox market is expected to experience additional expansion and innovation. This will provide both local and foreign businesses with chances to enhance the nation's automotive ecosystem. The gearbox market is anticipated to continue to be a hub for innovation and growth as China's automotive sector continues to shift towards becoming more technologically advanced and sustainable. This development will have an impact on international automotive trends in addition to local ones.

According to the research report,"" published by Bonafide Research, ""China Transmission Market is currently at 38.53 USD Billion and expected to grow 44.50 USD Billion from 2024 - 2029. To meet the needs and driving tastes of customers in a variety of car classes, China's gearbox market provides a wide range of gearbox technologies. These gearbox systems are essential for transferring power from the engine to the wheels, which affects driving pleasure and vehicle performance. In China, manual gearboxes are still widely used because of their cost, ease of use, and ability to engage the driver. For enthusiasts and those looking for more control over vehicle performance, manual gearboxes offer the advantage of direct gear selection control, making driving more engaging and customized. Due to their adaptability and fuel economy, manual gearboxes are frequently seen in a variety of automobiles, including off-road vehicles, sports cars, and small cars. In China, automatic gearboxes have been more popular due to their practicality and simplicity of operation, particularly in densely populated metropolitan areas. An automated gearbox makes shifting gears seamless and requires no human input, making driving more comfortable and fluid. Automatic gearboxes are especially popular in high-end SUVs and luxury cars as they priorities convenience and comfort. Automated manual transmissions, or AMTs, combine the control and fuel economy of manual transmissions with the ease of automated gear shifting. They are a hybrid between manual and automatic transmissions. AMTs do away with the need for a clutch pedal while maintaining the ability to manually pick gears by automating the clutch and gear-shifting operation using electro-hydraulic or electro-pneumatic actuators. In China, AMTs are becoming more and more common, particularly in commercial vehicles and small automobiles where user-friendliness and efficiency are important factors. Other transmission systems including dual-clutch transmissions (DCTs), sophisticated automatic transmissions with multiple gears, and continuously variable transmissions (CVTs) are also available in China's transmission market. These technologies meet the changing demands and desires of Chinese customers by providing special benefits including increased performance, smoother gear changes, and increased fuel efficiency.

The automobile market in China is broad and includes a wide range of vehicle types to meet the demands of different sectors and consumer categories. Passenger cars, heavy commercial vehicles (HCVs), and light commercial vehicles (LCVs) are some of the important types; each has a specific function in China's transportation system. The fast growing middle class and urbanization in China are the main drivers of the country's automobile market, which is dominated by passenger cars. This category offers a broad range of automobiles to suit diverse tastes and lifestyles, including MPVs (multi-purpose vehicles), sedans, hatchbacks, SUVs, and sedans. Because they are convenient and economical for driving in cities, sedans and hatchbacks are preferred by small families and urban commuters. On the other hand, are a good fit for both urban and rural settings as they appeal to customers looking for adaptability, room, and a feeling of adventure. Because they make it easier to move resources and commodities around the nation, heavy commercial vehicles (HCVs) are vital to China's economy. This category includes trucks, buses, and specialist vehicles used in mining, construction, and logistics. Trucks are used for a variety of transportation purposes; they might be light-duty delivery trucks or heavy-duty long-haul vehicles. Buses contribute to China's infrastructure development and mobility solutions by connecting outlying locations and providing public transit services in metropolitan areas. Another crucial sector of the Chinese automotive industry is light commercial vehicles (LCVs), which are mostly utilized for small-scale and commercial transportation. Vans, pickups and minibuses fall under this category and provide convenience and adaptability to both individuals and companies. Vans are frequently used for passenger shuttles, freight transportation, and delivery services; they offer efficiency and flexibility for both urban logistics and rural mobility. Because of their superior off-road performance and hauling capacity, pickups are preferred in sectors including construction, agriculture, and leisure.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automotive Transmission market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Transmission Type
• Manual
• Automatic
• Automated Manual Transmission (AMT)
• Others (CVT, DCT)

By Vehicle Type
• Passenger Vehicles (passenger cars, Two wheelers, Suv,..)
• LCVs
• HCVs

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Transmission industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Keywords:
Automotive Transmission, Manual, Automatic, Automated Manual Transmission (AMT), Others (CVT, DCT), Passenger Vehicles (passenger cars, Two wheelers, Suv,..), LCVs, HCVs.