Automotive Transmission Market was valued at 160 Bn. US$ in 2020. Manual Transmission, one of the segments reviewed in our report is dominating the Global Automotive Transmission Market.
Automotive Transmission Market Overview:The method of managing the power application in an automobile is known as automotive transmission. It is utilized to transfer power from the engine to the differential and axel, which then to the wheels. The automotive transmission system's job is to control power applications and engage gears in response to the vehicle's torque and speed. The gearbox, propeller shaft, clutch, rear axle, and wheels are all part of it. Vehicle performance enhancement and driver safety assistance are the key factors driving the market growth. The automotive transmission market is expected to register a CAGR of 4.5% during the forecast period. 2020 is considered as a base year to forecast the Market from 2021 to 2027. 2020’s Market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the Market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region. To know about the Research Methodology :- Request Free Sample Report
Automotive Transmission Market Dynamics:Due to technological advancements, the automotive industry is undergoing significant changes. The automobile industry is undergoing a transformative transition that will continue to improve our driving experience year after year, from driverless cars to advanced safety features to fuel-efficient technologies. It stands to assume that technological advancements would help transmissions as well. A streamlined transmission, as one of the most critical components of your car, helps manufacturers sell more cars. Though the market has seen a declining pattern amid the COVID pandemic which is -5.33% YOY declination, manufacturers are believing the 35% increase in the automatic transmission system as EVs are prevailing in the market. 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. Aisin Seiki Co., Ltd., for example, is concentrating its development and manufacturing skills on Toyota Motor Corp.'s manual transmission products under the Aisin AI brand. Consolidating their expertise will help the enterprises to fulfill global demand and boost their manual systems business' competitiveness. NHTSA, VDA, and other automotive associations are considered to abide by stringent environmental regulations along with high system performance which is considered to drive the product demand. The increasing need for driver’s safety standards and rules and regulations pertaining the road safety are driving the need for transmission systems more than ever. Many technological adoptions regarding pump efficiency and gear drives for transmission shafts are underway and many have succeeded in the system integration. In transmissions, the hydraulic system accounts for a considerable amount of torque losses. Many transmissions use a newly designed pump system to lower the drive torque of an oil pump. The oil pump gear design in Aisin's eight-speed AT was optimized. In comparison to the oil pump in Aisin's six-speed AT, the pump diameter was lowered by 9.4% and the drive torque was reduced by 33%. In its CVT7 W/R, JATCO reduced the size of the oil pump and improved the valve design and oil channel. The oil pump's internal friction was eventually reduced by 30%. Increasing research and development by prominent players in the market to increase the system efficiency and performance. E.g., Honda has launched CVT technology for transmission which reduced the damping by 30% and improved system efficiency by 26%. Moreover, fuel efficiency is the key factor expected to snatch the spotlight in the transmission system mechanism and various end-users are expected to deliver smart and fuel-efficient systems during the forecast period.
Automotive Transmission Market Segmentation:Gasoline segment is dominating the market in terms of sales: In 2020, the gasoline segment accounted for more than 55% of total revenue. Almost all emission criteria are met by gasoline cars. When compared to diesel engines, they are more efficient and emit less gas. Over the projected period, the market is expected to rise due to rising gasoline demand in nations such as the United States, China, and India. According to the International Energy Agency (IEA), gasoline demand is expected to rise in the next years as a result of fast-growing markets in Asia, Central and South America, Africa, and the Middle East, which will account for almost 70% of world demand growth in 2021. Diesel segment is experiencing decline of 35% YOY since 2018 as EU has established the stringent environmental policies for the use of diesel engines. Moreover, diesel engines are less efficient and more noise provisioned than other fuel systems. Though diesel engine is employed in most of the SUVs, passenger cars and HCVs across the globe, demand is declining in the emerging economies which is restraining the segment growth. Downturn of Manual transmission systems: The manual transmission, formerly popular among vehicle enthusiasts all over the world, is no longer the favored transmission for many automakers. Regulatory restrictions and growing competition are prompting automakers to seek out more fuel-efficient technology, including those that influence transmissions particularly. As transmissions continue to evolve, manual transmissions may face the economic downturn during the forecast period as segment is already under pressure and manufacturers are calling back their manual operated SUVs in US and EU countries.
COVID Impact Analysis:1. Impact on Auto Dealers: Auto dealers have had a lot of issues. In India, there are currently 15,000 above auto dealers selling two, three, and four wheelers. During the lockout, they were unable to transfer automobiles. Auto dealers have been notified that 30–45 days of completed goods records will be available, with prices likely to be significantly reduced before to the shutdown. It is expected that at least 8%–10% of these dealerships will close in the next six months. 2. Impact on Auto suppliers: Auto suppliers rely heavily on immigrant labour, and their absence is expected to further delay post-lockdown restoration, resulting in a cascading effect across the entire assessment chain. Suppliers are dealing with liquidity issues that could lead to declining market conditions, creating widespread disruption throughout the industrial chain. 3. Impact on Sales: COVID19 had a significant impact on new car sales, particularly in February 2020. For example, new vehicle sales in China fell by 92 percent in February. In addition, total car sales in European countries fell 7.4% year on year compared to the previous year. In addition, major vehicle businesses in India, such as TVS and Mahindra, have halted production sales as a result of the shutdown, and many other sectors have been impacted. Automotive Transmission Market Trends: 1. Electro Hydraulic control modules for transmission: Computer-assisted missions, which involve solenoids and sensors, are still relatively new. The functions of the transmission control module, valve body solenoids, and pressure and temperature switches are all combined in a TEHCM unit. This situation is described by the acronyms "TEHCM" [transmission electro-hydraulic control module] and "mechatronic." Domestic producers employ TEHCM, while European manufacturers use mechatronic. TEHCM technology is being used by an increasing number of manufacturers to consolidate functions each year. As a result, replacement TEHCM units are in high demand. 2. Selectable clutches in one way motion: In its 9T50 front-wheel-drive automatic transmission, GM has launched a 9-speed that has the first selectable one-way clutch. This one-way clutch is the first to allow a component to freely spin in one direction while locking in the opposing direction, similar to a standard one-way clutch but with the ability to lock in both directions when necessary. European Automotive Manufacturers Association noted, this unique selectable one-way clutch is a strut-based, mechanical clutching system that helps increase fuel efficiency by reducing drag torque, lowering mass, and improving packaging. 3. AGS Technology: Maruti Suzuki's AGS, or Auto Gear Shift, is an automated manual gearbox technology that is credited with making automatic transmissions available in cars across India's various segments. An Intelligent Change Control Actuator is used in the system, which executes clutch and gear shift actions automatically. It simplifies everyday driving, and with the option of a manual mode, you may easily convert between automatic and manual modes with a simple movement of the gear lever. The Auto Gear Shift has been tuned for smoother gear shifts, resulting in fuel efficiency comparable to a manual transmission. Maruti Suzuki was the first to use the technology in the Celerio hatchback in 2014, and since then, AGS has been included into a number of Maruti Suzuki vehicles, including the Alto K10, Celerio, S-Presso, Vitara Brezza, Swift, Dzire, Ignis, and Wagon R. 4. CVT Technology: Two pulleys with various diameters are connected to a belt or chain in the Continuously Variable Transmission (CVT) system. The Transmission Electronic Controller Unit controls this hydraulic arrangement to accomplish the appropriate multiple speed ratios. As a result, power flows continuously from the engine to the wheels, and speed changes are gradual and smooth. Maruti Suzuki has tuned its CVT technology and engine performance to suit Indian driving conditions, and it is now available in the Baleno luxury hatchback. APAC is dominating the Automotive Transmission Market: In 2020, Asia Pacific had the greatest revenue share of more than 31%, and it is expected to maintain its dominance while increasing at the quickest CAGR during the projection period. The presence of several important vehicle manufacturers and ancillaries in the region is driving market expansion. Companies in Asia Pacific have been driven to implement efficient transmission networks by stringent rules. Furthermore, rising vehicle sales, particularly in countries such as China, India, Japan, and South Korea, are expected to boost regional market growth throughout the projection period. Moreover, China is dominating the regional market with 46% market share as passenger cars sales in the region is increased by 20% in Q3 and Q4 of 2020 as a result of pandemic fuelled demand. Make in India initiative by Indian government and Japanese car companies proposing more R&D in the transmission technology are the key factors considered to drive the demand for the product. Regional analysis for North America, Europe, LATAM and MEA are covered in MMR report comprehensively with real inputs and COVID analysis for 2020. The objective of the report is to present a comprehensive analysis of the Automotive 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 report also helps in understanding the Automotive Transmission Market dynamics, structure by analyzing the Market segments and project the Automotive Transmission Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Automotive Transmission Market make the report investor’s guide.
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Automotive Transmission Market, by region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Automotive Transmission Market Key Players• Daimler AG • Continental AG • Eaton Corporation • Aisin Seiki • Delphi Automotive • GKN PLC • Magna International Inc. • BorgWarner Inc. • Allison Transmission Inc. • Jatco Ltd. • ZF Friedrichshafen AG • Hyundai Dymos • Bonfiglioli RIDUTTORI S.P.A. • Volkswagen • Magneti Marelli S.p.A • Schaeffler AG • Getrag Corporate Group • Kia Motors • General Motors • Honda FAQ’S: 1) What is the share of the Automotive Transmission Market in 2020? Answer: The Automotive Transmission Market was accounted for 160 Bn. USD in the year 2020. 2) Which Transmission Type segment is dominating the Automotive Transmission Market? Answer: Manual transmission segment is dominating he market owing to increasing use of the system in SUVs, passenger cars, buses and others. 3) What are the key players in the Automotive Transmission Market? Answer: Daimler AG, Continental AG, Eaton Corporation, Aisin Seiki, Delphi Automotive, GKN PLC, Magna International Inc., BorgWarner Inc., Allison Transmission Inc., Jatco Ltd., ZF Friedrichshafen AG, Hyundai Dymos, Bonfiglioli RIDUTTORI S.P.A., Volkswagen, Magneti Marelli S.p.A, Schaeffler AG, Getrag Corporate Group, Kia Motors, General Motors, Honda 4) Which factor acts as the driving factor for the growth of the Automotive Transmission Market? Answer: Increasing need for driver’s safety standards and rules and regulations pertaining the road safety are driving the need for the transmission systems more than ever. 5) What factors are restraining the growth of the Automotive Transmission Market? Answer: high operating cost of transmission manufacturing and product maintenance cost are the factors restraining the market growth.
1. Automotive Transmission Market: Research Methodology 2. Automotive Transmission Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Automotive Transmission Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Automotive Transmission Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Automotive Transmission Market Segmentation 4.1. Automotive Transmission Market, by Vehicle Type (2020-2027) • Passenger cars • Commercial Vehicles o LCV o HCV o Buses • Electric cars 4.2. Automotive Transmission Market, by Transmission Type (2020-2027) • Automatic o CVT o AMT o DCT • Manual 4.3. Automotive Transmission Market, by Fuel Type (2020-2027) • Diesel • Gasoline 5. North America Automotive Transmission Market(2020-2027) 5.1. Automotive Transmission Market, by Vehicle Type (2020-2027) • Passenger cars • Commercial Vehicles o LCV o HCV o Buses • Electric cars 5.2. Automotive Transmission Market, by Transmission Type (2020-2027) • Automatic o CVT o AMT o DCT • Manual 5.3. Automotive Transmission Market, by Fuel Type (2020-2027) • Diesel • Gasoline 5.4. North America Automotive Transmission Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Automotive Transmission Market (2020-2027) 6.1. European Automotive Transmission Market, by Vehicle Type (2020-2027) 6.2. European Automotive Transmission Market, by Transmission Type (2020-2027) 6.3. European Automotive Transmission Market, by Fuel Type (2020-2027) 6.4. European Automotive Transmission Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Transmission Market (2020-2027) 7.1. Asia Pacific Automotive Transmission Market, by Vehicle Type (2020-2027) 7.2. Asia Pacific Automotive Transmission Market, by Transmission Type (2020-2027) 7.3. Asia Pacific Automotive Transmission Market, by Fuel Type (2020-2027) 7.4. Asia Pacific Automotive Transmission Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Transmission Market (2020-2027) 8.1. Middle East and Africa Automotive Transmission Market, by Vehicle Type (2020-2027) 8.2. Middle East and Africa Automotive Transmission Market, by Transmission Type (2020-2027) 8.3. Middle East and Africa Automotive Transmission Market, by Fuel Type (2020-2027) 8.4. Middle East and Africa Automotive Transmission Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Automotive Transmission Market (2020-2027) 9.1. Latin America Automotive Transmission Market, by Vehicle Type (2020-2027) 9.2. Latin America Automotive Transmission Market, by Transmission Type (2020-2027) 9.3. Latin America Automotive Transmission Market, by Fuel Type (2020-2027) 9.4. Latin America Automotive Transmission Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Daimlar AG 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Continental AG 10.3. Eaton Corporation 10.4. Aisin Seiki 10.5. Delphi Automotive 10.6. GKN PLC 10.7. Magna International Inc. 10.8. BorgWarner Inc. 10.9. Allison Transmission Inc. 10.10. Jatco Ltd. 10.11. ZF Friedrichshafen AG 10.12. Hyundai Dymos 10.13. Bonfiglioli RIDUTTORI S.P.A. 10.14. Volkswagen 10.15. Magneti Marelli S.p.A 10.16. Schaeffler AG 10.17. Getrag Corporate Group 10.18. Kia Motors 10.19. General Motors 10.20. Honda