Automotive Single Stage and Multistage Transmission Market trends:
OEM holds the largest share in the market with approximately 68% market share owing to the increasing inclination of key players towards sturdy designs adoption and improvement in gear meshing techniques. Moreover, increasing mergers of manufacturers and distributors across the European and North American regions and increasing investment of prominent players in local and small businesses to penetrate the local market are the factors attributing growth of the segment.
In addition, increasing demand for hybrid transmission systems and synchronize transmission are the key factors considered to drive the growth of the segment during the forecast period. Highly adaptive 5 and 6 speed drivetrain units is the key factor expected to create opportunities for heavy commercial vehicle manufacturers across the globe.
According to Robert Bosch GmbH, Automotive Single Stage and Multistage Transmission Market is expected to dominate the automotive sector owing to huge potential for drivetrain integration among the manufacturers during the forecast period owing to the chain of products available in the market and flexible Automotive Single Stage and Multistage Transmission designs along with improving standards of manufacturing. According to Sales experts, sales are expected to reach approximately 300 million units worldwide during the forecast period owing to rising demand for efficient torqueing modules across the globe.
Europe is the dominating region in the market owing to the well-established infrastructure of the transportation and automotive sector across the region along with increasing developments in commercial vehicles and sports cars segment. Moreover, rising adoption towards development in efficient product integration of mechanical equipment testing in the region is the key supporting factor considered to drive the growth of the region. APAC market is expected to register CAGR of approximately 8% owing to increasing investment of key players in the region in passenger cars manufacturing and drivetrain products mass production owing to rising demand. Moreover, increasing the investment of the government in electrical vehicle manufacturing owing to stringent environment protection regulations across the region is the key factor considered to hamper the regional growth. North America’s regional market is expected to boost during the forecast period owing to increasing economic growth in the region. US and Canada are the dominating countries in the region expected to register a CAGR of approximately 5% during the forecast period owing to mass manufacturing of commercial vehicles and passenger cars post-pandemic in the region.
In a recent research report by Maximize Market Research, the Automotive Single Stage and Multistage Transmission Market is expected to surpass US $XX million by the year 2026, from US $XX million in 2019.
Despite a huge decline in the sales of Automotive Single Stage and Multistage Transmission during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 5.7%, during the tenure of 2020 – 2026.
The study is consolidated on the basis of four major segments and further into sub-segments, Stage (single stage, two stage and multistage), Drive (FWD, RWD and AWD), Vehicle Type (passenger cars, LCV and HCV) and By Sales Channel (OEM and Aftermarket) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- Robert Bosch GmbH, Eaton, ZF Friedrichshafen AG, Magna International, Inc., Magneti Marelli S.P.A., AISIN SEIKI Co. Ltd., Schaeffler AG, Hyundai Dymos, Magna International, Inc., Bonfiglioli RIDUTTORI S.P.A., BorgWarnar, GKN PLC, AVL, Getrag, Allison Transmission, Inc., Jatco Ltd., Continental AG
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Automotive Single Stage and Multistage Transmission Market.”
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