Automotive Transmission Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Transmission Market
The automotive transmission market size was valued at USD 91.48 billion in 2020, and the market is now projected to grow from USD 96.98 billion in 2021 to USD 146.57 billion by 2028, exhibiting a CAGR of 6.08% during the forecast period of 2021-2028.
The COVID-19 has emerged the issue of the overreliance of auto industries in globally focused supply chains partly drawn from an overdependence on China. Disruptions resulted to some halts in manufacturing of vehicles because of inadequate supplies of such accessories as brakes, electronics, and engines. Logistics constraints such as delayed shipments and port congestions also affected manufacturing, and hence stifling short-term market growth.
The elements such as the application of cutting-edge technology in automotive industry is propelling the market growth as automatic transmission is preferred due to its effectiveness and convenient to use. These challenges along with the global traffic, boosting the demand for specialty and fresh products make manufacturers devise better solutions. New automatic vehicles would attract the young buyers who love refined driving experience thus helping expand the market.
There is a tendency to include computer, sensor, and solenoid in automotive transmission, for instance through TEHCM units. This technology will allow key functions to be integrated into a single module making work easier. This results in increased demand for its replacements; mainly by manufacturers, especially those manufacturing locally, thus promoting the markets demand.
Comprehensive Analysis of Automotive Transmission Market
The automotive transmission market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by engine analysis, by type analysis, and by vehicle type analysis. By engine analysis include IC engines and electric engines. By type analysis include manual, automatic, automated manual transmission (AMT), and others (CVT, DCT). By vehicle type analysis include passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles.
The Asia Pacific region lead the automotive transmission market share by benefitting a market size of USD 51.62 billion in 2020 due to increasing EV sales in the region.
The top players have a significant responsibility in the automotives industry for confirming industrial prospectus growth and determining the market trends. These players include, Aisin Seiki Company Ltd, Borgwarner Inc, ZF TRW, Magna International Inc, Continental AG, Eaton Corporation Plc, GKN Plc these market players provide a level-playing competitive landscape.
In December 2020, LG Electronics and Magna International Inc. formed the joint venture LG Magna e-Powertrain to produce automotive motors, inverters, and chargers, strengthening their positions in the electric powertrain market.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion) & Volume (Thousand units)
Segmentation
By Engine
IC Engine
Electric
By Type
Manual
Automatic
Automated Manual Transmission (AMT)
Others (CVT, DCT)
By Vehicle Type
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle
Electric Vehicle
By Geography
North America
Europe
Asia-Pacific (Japan, China, India, and Rest of Asia- Pacific)
Rest of the WorldPlease Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Merger, Acquisitions, and Partnerships
- 4.2. Distributor Analysis – For Major Players
- 4.3. Growth and Penetration Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Vendor Landscape
- 5. Global Automotive Transmission Market Analysis, Insights and Forecast, 2017-2028
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Engine
- 5.2.1. IC Engine
- 5.2.2. Electric
- 5.3. Market Analysis, Insights and Forecast – By Type
- 5.3.1. Manual Transmission
- 5.3.2. Automatic Transmission (AT)
- 5.3.3. Automated Manual Transmission (AMT)
- 5.3.4. Others (CVT, DCT)
- 5.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.4.1. Passenger Cars
- 5.4.2. Light Commercial Vehicles
- 5.4.3. Heavy Commercial Vehicle
- 5.4.4. Electric Vehicle
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Automotive Transmission Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Engine
- 6.2.1. IC Engine
- 6.2.2. Electric
- 6.3. Market Analysis, Insights and Forecast – By Type
- 6.3.1. Manual Transmission
- 6.3.2. Automatic Transmission (AT)
- 6.3.3. Automated Manual Transmission (AMT)
- 6.3.4. Others (CVT, DCT)
- 6.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.4.1. Passenger Cars
- 6.4.2. Light Commercial Vehicles
- 6.4.3. Heavy Commercial Vehicle
- 6.4.4. Electric Vehicle
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 6.5.3. Mexico
- 7. Europe Automotive Transmission Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Engine
- 7.2.1. IC Engine
- 7.2.2. Electric
- 7.3. Market Analysis, Insights and Forecast – By Type
- 7.3.1. Manual Transmission
- 7.3.2. Automatic Transmission (AT)
- 7.3.3. Automated Manual Transmission (AMT)
- 7.3.4. Others (CVT, DCT)
- 7.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.4.1. Passenger Cars
- 7.4.2. Light Commercial Vehicles
- 7.4.3. Heavy Commercial Vehicle
- 7.4.4. Electric Vehicle
- 7.5. Market Analysis – By Country
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Rest of Europe
- 8. Asia Pacific Automotive Transmission Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Engine
- 8.2.1. IC Engine
- 8.2.2. Electric
- 8.3. Market Analysis, Insights and Forecast – By Type
- 8.3.1. Manual Transmission
- 8.3.2. Automatic Transmission (AT)
- 8.3.3. Automated Manual Transmission (AMT)
- 8.3.4. Others (CVT, DCT)
- 8.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.4.1. Passenger Cars
- 8.4.2. Light Commercial Vehicles
- 8.4.3. Heavy Commercial Vehicle
- 8.4.4. Electric Vehicle
- 8.5. Market Analysis – By Country
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. South Korea
- 8.5.5. Rest of Asia Pacific
- 9. Rest of the World Automotive Transmission Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Engine
- 9.2.1. IC Engine
- 9.2.2. Electric
- 9.3. Market Analysis, Insights and Forecast – By Type
- 9.3.1. Manual Transmission
- 9.3.2. Automatic Transmission (AT)
- 9.3.3. Automated Manual Transmission (AMT)
- 9.3.4. Others (CVT, DCT)
- 9.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.4.1. Passenger Cars
- 9.4.2. Light Commercial Vehicles
- 9.4.3. Heavy Commercial Vehicle
- 9.4.4. Electric Vehicle
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Share Analysis (2020)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 10.5.1. Aisen Seiki Company ltd..
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Borgwarner Inc.
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. Eaton Plc.
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. ZF TRW
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. Magna International Inc.
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Continental AG
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
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