Global Automotive Transmission Market was valued at USD xx million in 2018 and is expected to reach at USD xx million by 2026 at a CAGR of xx% over forecast period 2018-2026.
The rise in the production of vehicles and the increase in the demand for the hybrid vehicles are some of the reasons that have contributed to the market growth. The rise in concerns for the environment regarding the increasing pollution owing to the emission of harmful gasses from the gasoline and diesel vehicles is a factor that contributes to the market growth.
Global Automotive Transmission Market is segmented by Type, by Vehicle type, by Number of Forward Gears, by Fuel, and by Region. By transmission type market is segmented into manual and, automated manual transmission, Dual clutch transmission, and continuously variable transmission. By Vehicle Type market is segmented into Passenger Cars, LCVs, and HCVs. Passenger cars segment is expected to exhibit highest market share of market over forecast period.
By geography, global automotive transmission market is segmented into North America, Europe, America, MEA& Africa and Latin America. APAC is expected to exhibit xx% of market share at CAGR of xx% over forecast period 2019-2026. The factors that contribute to this growth include the presence of the developing economies such as India, Japan, South Korea and China, the growing demand from the population for more advanced passenger cars is compelling the OEMs to invest in the research and development of transmission engineering.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global Automotive Transmission market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global Automotive Transmission market.
The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global Automotive Transmission market positioning of competitors.