Automotive Transmission Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030

The Global Automotive Transmission Market was valued at US$ XX billion in 2021 and is predictable to reach US$ XX billion by 2030 which is projected to attain a CAGR of XX % during the forecast period from 2021- 2030.

Technical developments and the evolution of transmission systems to meet performance needs across a variety of vehicle types, including HCVs and passenger vehicles, are likely to fuel market expansion during the forecast period.

The industry is predicted to expand due to rapid technological advancements in automotive transmission manufacturing. In addition, the shift in demand for fuel-efficient products is expected to be driven by the increasing adoption of Continuously Variable Transmission (CVT) and Dual Clutch Transmission (DCT) technologies over manual and automatic systems the forecast period. Many automakers are now offering Intelligent Manual Transmission (IMT), which allows drivers to shift ratios without having to depress the clutch.

Automobile component makers are working hard to deliver cost-effective alternatives without sacrificing vehicle performance. To address the rising demand for transmission systems across the automotive sector, they are implementing a variety of expansion methods. A properly built, programmed, and tuned transmission system such as automatic manual transmission (AMT) can significantly enhance fuel-efficiency, assisting the vehicle OEM in meeting severe environmental regulations in various nations.

In 2020, the manual type sector had the highest revenue share, accounting for more than half of all revenue owing to the high price of automatic transmission. In addition, as compared to its automatic counterpart, the manual version delivers higher mileage because the gear shifting may be manually regulated to reduce fuel consumption. However, the automatic type category is expected to grow at the fastest rate during the forecast period owing to advances in the automotive sector, as well as improvements in automatic gearboxes. Furthermore, automatic types are more powerful and accurate, as well as being easier to operate, changing preferences, and rising consumer purchasing power of the consumers.

The diesel segment is expected to grow at a stable rate during the forecast period due to its high compression ratio, which allows for higher engine efficiency, diesel cars are also in high demand as it is easier to maintain than a gasoline engine since it does not require an electrical system or spark plugs. This engine type is popular in automobiles and SUVs because it provides enhanced performance, similar to a gas engine, but with better gas mileage and reliability.

The passenger car category accounted for the highest market share in 2020 and the demand for passenger automobiles is influenced by volatile fuel prices and transit infrastructure. The improving disposable income among the consumers across the globe such as in China and India is likely to boost global demand for passenger automobiles.

The Asia Pacific region has the highest revenue share, and it is predicted to keep that position while growing at the fastest CAGR throughout the projection period due to the existence of a number of key manufacturers in the region is propelling the market growth. Stringent rules have compelled companies in the Asia Pacific area to build efficient transmission networks. Furthermore, increased vehicle sales, notably in China, India, Japan, and South Korea, are likely to drive regional market expansion throughout the forecast period.

Segmentation and Scope of the Global Automotive Transmission Market

By Transmission Type

• Automatic Transmission
• Manual Transmission

By Fuel Type

• Diesel
• Gasoline
• Others

By Vehicle Type

• Passenger car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Region

North America

• US
• Canada
• Mexico

Europe

• UK
• Germany
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• India
• China
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Rest of World

Middle East & Africa

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Latin America

• Argentina
• Brazil
• Rest of Latin America

Prominent players in the Global Automotive Transmission Market among other includes

• Aisin Seiki Co. Ltd.
• Allison Transmission Inc.
• BorgWarner Inc.
• Continental AG
• Eaton Corporation PLC
• Getrag
• GKN PLC
• Jatco Ltd.
• Magna International Inc.
• ZF Friedrichshafen AG