Automated Manual Transmission Market: Global Industry Analysis and Forecast (2023-2029)

Automated Manual Transmission Market was valued at US$ 16.60 Bn. in 2022 and Market size is estimated to grow at a CAGR of 5.1% over the forecast period.
Automated Manual Transmission Market Overview:
Global Automated manual transmission (AMT) is a Formula-1-derived electro-hydraulic method for automating manual transmission. It combines ease of use with reduced usage, and it may be used for any transmission, with lower production costs than typical automatic transmissions. The global automated manual transmission (AMT) market is driven by rising demand for fuel-efficient transmission systems and the elimination of drivers' behavioral impact on the vehicle. However, AMT's heavy and complex nature hampered the market's expansion. The growing shift from mechanical to automated driving systems presents a significant market expansion opportunity.To know about the Research Methodology :- Request Free Sample Report
Automated Manual Transmission Market Dynamics:
The transmission system ensures a smooth and comfortable ride by transferring the maximum amount of power from the engine to the wheels via the gearbox. The majority of low- and mid-range cars now use semi-automatic and automatic transmission systems. The mobility and fuel efficiency of a vehicle can be considerably influenced by an automatic transmission system, depending on the electrical technology utilized in the transmission and the design of the transmission system.

The greatest benefit of an AMT gearbox is undoubtedly its ease of usage. Unless you want to switch to manual mode, it operates exactly like any other automatic transmission, and you can relax your left leg and hand. This quality shines brightest at rush hour when traffic is backed up to the point of gridlock. The built-in "Creep" function makes things even easier by allowing you to go at a slow speed simply by releasing the brake pedal and not using the accelerator.

In terms of value, the automatic transmission (AT) market is expected to increase at the fastest rate over the forecast period. Because of the fuel efficiency and simplicity of commuting afforded by two-wheelers, the transmission market for two-wheelers would witness consistent expansion. Scooters and motorbikes are primarily utilized for recreational purposes in developed nations such as Europe and North America since they are inexpensive to purchase, easy to operate, and convenient to park.

The market for advanced transmission systems such as automatic transmission (AT), continuous variable transmission (CVT), and dual-clutch transmission is booming in North America and Europe, thanks to the rising demand for high-end cars (DCT). The high adoption rate of semi-automatic and automatic transmission systems in commercial vehicles is a major element driving the global automotive transmission industry forward. A properly built, programmed, and tuned transmission system can significantly enhance fuel-efficiency, assisting the vehicle OEM in meeting severe environmental regulations in various nations.

The Asia-Pacific region has the biggest share of the global transmission market due to favorable macroeconomic variables such as low Labour costs, government incentives for production, and a large local market. The market's growth would be hampered by the high installation and maintenance costs of automated manual transmissions over the forecast period. AMT's cost has risen due to the hydraulic system and electronic control unit.

The impact of the pandemic COVID-19 on the global economy has an impact on the automobile industry; disruptions in the product supply chain cause challenges for manufacturers and stymie market expansion during the projection period. In addition, the sales of car vehicles were hampered by a lack of liquidity and capital. During the forecast period, these are the major restraints for the global Automated Manual Transmission (AMT) market.

Indian Scenario for Automated Manual Transmission Market:

In the last decade, Maruti Suzuki India Limited (MSIL), the country's largest automaker, has seen a 6x increase in sales of its automatic transmission (AT) models. According to Maruti Suzuki's executive director, the company's sales percentage for AT was around 1% to 2% in 2011 and is now at 11% -12%. It varies, though, depending on the model.

Swift has a 15 percent to 18% market share, WagonR has a 16% market share, S-Presso has a 20% market share, and Celerio has a 31% market share. Because some models, such as the Eeco, lack AT, Maruti Suzuki's average stays low. In urban marketplaces, the percentage is higher than in rural markets. This is due to city congestion, the high cost of cars with AT, and the many portfolios.

For the current fiscal year, the sales percentage of AT variations in rural areas was 6.38% (in models where automatic is offered). Celerio AGS and XL6 were Maruti Suzuki's best AT models in FY20-21 and FY21-22. Celerio, MSIL's first automobile with dual-pedal technology, was debuted in 2014. It was launched with Auto-Shift Gear (AGS) technology, which was the automaker's term for Automated Manual Transmission (AMT). It now has 12 models in its lineup, each with a different automatic transmission technology such as AGS, AT, or CVT.

According to ATMA Stats, the Indian vehicle industry's AT sales percentage ranges from 15% to 25%. Nearly half of all cars sold in the next 5-7 years will have AT, and the majority of vehicles sold in the next 10 to 15 years will be electric. According to a CRISIL India survey, the share of manual transmission (MT) vehicles will drop from 60 percent to 65 percent in the next 5-7 years. One of the main reasons for this is the growing popularity of electric vehicles among consumers. One of the primary distinctions between EVs and ICE vehicles is the gearbox, which develops power and torque at different RPMs. An electric motor does not require the generation of electricity or the combustion of fuel.

Tata Motors, the market leader in the EV class, has sold 19 percent of AMTs and 81 percent of MTs in the first half of FY22. In FY20, the split was 14 percent and 86 percent, respectively. Nexon is the company's most popular MT and AMT model. Customers who prefer to drive amid city traffic in comfort prefer AMT. According to the EV manufacturer, MT is in more demand for performance enhancement.
Automated Manual Transmission Market Segment Analysis:
By vehicle type, the passenger car category accounted for the biggest proportion of the global transmission market. Light commercial vehicles and heavy commercial vehicles are next. To provide comfort and fuel efficiency to the user, transmission systems have evolved from simple four-speed automatic transmissions to more sophisticated eight- to nine-speed automatic transmissions in the passenger car segment.

Because of its expanding use in passenger cars and light commercial vehicles, the 5 to 6-speed gear sector leads the manual transmission market. When compared to a six-speed transmission, OEMs are adopting gearboxes with a higher number of gears, which give superior fuel efficiency.The market is divided into four types: 4-speed, 6-speed, and 8-speed. The 4-speed segment now holds the largest market share and is predicted to increase significantly and continue to dominate the global market over the forecast period. The section displays each sort of production, as well as the revenue collected, market share, and growth rate.
Regional Insights:
The United States is the world's largest market for automatic transmissions. During the 1990s and early 2000s, 4 and 5-speed torque converter automatics dominated global markets, but for the past 10 years or so, 6-speed ATs have become the norm in the mass segment, and 8-speed ATs have become the norm in the premium class. Toyota, the only Asian automaker with a market share of more than 10% in the United States, currently offers E-CVT on its best-selling vehicles, such as the Camry, RAV-4, and Tacoma. Many high-volume vehicles, such as the Explorer, F-150, Chevrolet Silverado, and GMC Sierra, now include the 10-speed torque converter automatic developed by Ford and GM in collaboration. For its best-selling vehicle, the RAM 1500, FCA continues to rely on ZF for 8-speed automatic transmissions.

The percentage of vehicles with automatic transmissions has increased from 25% in 2017 to 44% in 2022. At the very least, all of the top-selling passenger vehicles come with an automatic transmission option. In the European market, the DCT gearbox is the most popular automatic transmission type, followed by the torque converter and CVT transmission. Cars with an AMT transmission are nearly non-existent. Many premium OEMs use RWD setups for their diesel cars, hence torque converter automatics are preferred over DCT. We predict CVT and DCT to overtake Torque converters in the short-medium future now that Diesel's percentage of new car sales is dropping and Petrol-share hybrids are increasing.

Until 2010, China had a fairly high share of manual gearbox-equipped cars, but after 2010, when the auto industry began to mature, the gradual shift to automatic cars began. Because China is a gasoline-dominated market, DCT and CVT transmission cars are in high demand, followed by torque converter automatics. China, the world's largest automobile market, now offers automatic gearbox for a number of its best-selling vehicles, including the Haval H6, Toyota Corolla, and Nissan Sylphy. China's automatic transmission market is predicted to grow at the quickest rate in the future years.

The objective of the report is to present a comprehensive analysis of the global Automated Manual Transmission Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Automated Manual Transmission Market dynamic, structure by analyzing the market segments and projecting the Automated Manual Transmission Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Automated Manual Transmission Market make the report investor’s guide.
Automated Manual Transmission Market Scope: Inquiry Before Buying



Automated Manual Transmission  Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
5.1%
US$ 16.60 Bn
US$ 23.52 Bn


Segments Covered


by Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
by No. of Speeds
4 speed
6 speed
8 speed
by End users
Passenger Vehicle
Commercial Vehicle


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1. Continental AG (Germany)
2. ZF Friedrichshafen AG (Germany)
3. WABCO (France)
4. Eaton Corporation (Ireland)
5. AB Volvo (Sweden)
6. Magna International Inc. (Canada)
7. Allison Transmission Inc. (USA)
8. GKN PLC. (UK)
9. Alfa Romeo (Italy)
10.Jatco Ltd. (Japan)
11.Shaanxi Fast Gear Co., Ltd. (China)
12.Renault (France)
13.BorgWarner Inc. (USA)
14.Aisin World Corp. (Japan)
15.FCA US LLC. (USA)

Frequently Asked Questions:

1] What segments are covered in the Global Automated Manual Transmission Market report?
Ans. The segments covered in the Automated Manual Transmission Market report are based on Vehicle Type and No. of Speeds

2] Which region is expected to hold the highest share in the Global Automated Manual Transmission Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Automated Manual Transmission Market.

3] What is the market size of the Global Automated Manual Transmission Market by 2029?
Ans. The market size of the Automated Manual Transmission Market by 2029 is expected to reach US$ 23.52 Bn.

4] What is the forecast period for the Global Automated Manual Transmission Market?
Ans. The forecast period for the Automated Manual Transmission Market is 2023-2029.

5] What was the market size of the Global Automated Manual Transmission Market in 2022?
Ans. The market size of the Automated Manual Transmission Market in 2022 was valued at US$ 16.60 Bn.