Mordor Intelligence has published a new report on the Automotive Transmission Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
The Automotive Transmission Market is projected to grow at a CAGR of over 6% during the forecast period. The increasing demand for a smoother driving experience, coupled with rapid technological advancements in transmission manufacturing, is expected to drive market growth.
Key Trends
Shift Towards Automatic and Automated Manual Transmissions
The industry is witnessing a notable transition from manual to automatic and automated manual transmissions (AMTs). AMTs offer the convenience of clutch-less gear shifting, reducing driver fatigue and enhancing fuel efficiency. The increasing demand for fuel-efficient transmission systems and the elimination of driver-induced variability are propelling the adoption of AMTs and automatic transmissions (ATs). This trend aligns with the broader movement towards automated driving systems, presenting significant opportunities for the development of advanced transmission technologies.
Technological Innovations and Investments
Leading companies are investing heavily in the development of advanced transmission systems. For instance, in February 2021, ZF announced a USD 200 million investment in North America to produce the ZF Powerline 8-speed automatic transmission, with production commencing in 2023. Such investments underscore the industry’s commitment to innovation and meeting the evolving demands of modern vehicles.
Regional Growth Dynamics
The Asia-Pacific region is poised to lead the automotive transmission market, with countries like China and India playing pivotal roles. The surge in vehicle production, coupled with manufacturers’ focus on enhancing production capacities, is expected to drive significant demand for automotive transmissions in the coming years. Additionally, the region’s growing middle class and increasing urbanization contribute to the rising demand for vehicles equipped with advanced transmission systems.
Market Segmentation
The automotive transmission market is segmented based on transmission type, vehicle type, fuel type, and geography.
By Transmission Type:
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Manual Transmission: Traditional gear systems requiring driver engagement for gear changes.
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Intelligent Manual Transmission (IMT): Advanced manual systems that offer automated clutch operations while allowing manual gear selection.
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Automated Manual Transmission (AMT): Systems that automate gear shifts without a clutch pedal, combining features of manual and automatic transmissions.
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Automatic Transmission (AT): Fully automated gear systems that adjust gears based on driving conditions without driver intervention.
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Dual-Clutch Transmission (DCT): Systems utilizing two separate clutches for odd and even gear sets, enabling faster gear shifts.
By Vehicle Type:
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Passenger Cars: Vehicles designed primarily for the transportation of passengers.
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Light Commercial Vehicles (LCVs): Vehicles used for the transportation of goods with a gross vehicle weight of up to 3.5 tonnes.
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Heavy Commercial Vehicles (HCVs): Larger vehicles used for transporting goods, typically exceeding 3.5 tonnes in weight.
By Fuel Type:
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Gasoline: Vehicles powered by petrol engines.
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Diesel: Vehicles powered by diesel engines.
By Geography:
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North America: Including the United States, Canada, and the rest of North America.
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Europe: Encompassing Germany, the United Kingdom, France, Italy, Spain, and the rest of Europe.
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Asia-Pacific: Covering India, China, Japan, and other countries in the region.
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Rest of the World: Including regions not specified above.
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Key Players
The automotive transmission market is characterized by the presence of several key players who are driving innovation and maintaining competitive dynamics:
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ZF Friedrichshafen AG: A leading global technology company specializing in driveline and chassis technology, as well as active and passive safety systems.
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Aisin Corporation: A prominent manufacturer of automotive components and systems, known for its advanced transmission technologies.
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Hyundai Transys Co., Ltd.: A subsidiary of Hyundai Motor Group, specializing in the production of transmission systems for various vehicle types.
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JATCO Ltd.: A major supplier of automatic transmissions and continuously variable transmissions (CVTs) to automotive manufacturers worldwide.
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Musashi Seimitsu Industry Co., Ltd.: A global leader in the manufacturing of precision automotive components, including transmission parts.
Conclusion
The automotive transmission market is on a robust growth trajectory, driven by technological advancements and a rising demand for enhanced driving experiences. The shift towards automatic and automated manual transmissions reflects changing consumer preferences and the industry’s commitment to innovation.
Industry Related Reports
Automotive Automatic Transmission Market: The report analyzes the Global Automotive Automatic Transmission Market Size and segments it based on type (Automatic Transmission/Torque Converter, Automated Manual Transmission, Continuously Variable Transmission, and Dual Clutch Transmission), fuel type (Gasoline, Diesel, and Hybrid), vehicle type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and geography, covering North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
Automotive Transmission Repair Market: The Automotive Transmission Repair Market is categorized based on vehicle type (Commercial Vehicles and Passenger Vehicles), component (Gasket & Seal, Transmission Oil, Gear, Clutch Plate, and Others), and geography.
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