Introduction Of 9-Speed Automatic Gear Transmission Has Completely Revolutionized The Automotive Transmission Market
“Companies need to keenly focus on developing technologically sound
products that deliver high performance,” says the lead author of
the report. Products such as ZF’s novel 9-speed automatic
transmission are a step in this direction. Such developments along
with transmission systems that match up to the international quality
standards will be the key strategies adopted by players during the
forecast period to tread a progressive trajectory during the forecast
period.
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The major factors driving the global automotive transmission market
are the growing demand for automatic transmission systems in
entry-level vehicles, and the lower emission of harmful gases and
improved fuel efficiency due to the use of automatic transmission. In
addition, the development of CVT technology in the automotive
transmission market is one of the biggest opportunities that is
expected to fuel the growth of the market. On the other hand, limited
use of advanced transmission in volume markets and rising costs of
advanced transmission systems are the major factors hampering the
growth of the global automotive transmission market.
By transmission type, the global automotive transmission market has
been classified into automatic and manual transmission. In 2014, the
manual transmission segment accounted for the biggest share in the
global market. The manual transmission segment is in high demand in
many parts of Europe and Asia Pacific. Presently, these two regions
collectively hold a 60% share in the global automotive transmission
market. However, the automatic transmission segment is expected to
gain traction owing to the changing preference from manual to
automatic systems in the next few years. This trend is estimated to
boost the demand for automatic transmission systems globally.
By fuel type, the global automotive transmission market has been
categorized into diesel, gasoline, and others. In 2014, the gasoline
segment accounted for the largest share in the global automotive
transmission market. In the next few years, the diesel segment is
projected to overtake gasoline as the dominant segment of the
automotive transmission market. The others segment comprises fuel
sources such as hybrid and electric vehicles. This segment is
projected to grow significantly throughout the forecast period.
By industry application, the global automotive transmission market
has been segmented into farm tractors, construction equipment,
passenger cars, LCVs, HCVs, off road vehicle, ICVs, and defense
vehicles. In 2014, the passenger cars segment led the global
automotive transmission market.
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BorgWarner Inc., Continental AG, ZF Friedrichshafen, Aisin SEIKI Co.
Ltd., Allison Transmission, and GKN PLC are the key players in the
global automotive transmission market. Players will focus on
investing in research and development activities to develop advanced
automotive transmission systems that deliver never-seen-before
fuel-efficiency and driving experience.
Key
Takeaways:
- Global automotive transmission market expands at a CAGR of 5.9% between 2015 and 2021
- Passenger cars segment estimated to reach US$81.5 mn by 2021, making it the leading segment
- Asia Pacific automotive transmission market to emerge as key contributor, to exhibit CAGR of 6.6% 2015-2021
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