NEW
YORK, July 2, 2024 /PRNewswire/ -- The
global automotive transmission systems market size is
estimated to grow by USD 53.2 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of over 6.08% during the forecast period. Growing
adoption of automatic transmission in vehicles is driving market
growth, with a trend towards development of auto-shift manual
transmission systems with adaptive transmission control. However,
erratic gear shifts resulting in whining and grinding noise due to
wear and tear poses a challenge. Key market players
include Aichi Machine Industry Co. Ltd., AISIN CORP., Allison
Transmission Holdings Inc., Bonfiglioli Riduttori Spa, BorgWarner
Inc., Continental AG, Eaton Corp. Plc, General Motors Co., GKN
Ltd., Honda Motor Co. Ltd., Hyundai Motor Co., Magna International
Inc., Marelli Holdings Co. Ltd., Nissan Motor Co. Ltd., Renault
SAS, Schaeffler AG, Volkswagen AG, WeiChai Holding Group Co. Ltd.,
Xtrac Ltd., and ZF Friedrichshafen AG.
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Automotive
Transmission Systems Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.08%
|
Market growth
2024-2028
|
USD 53.2
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.61
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 57%
|
Key
countries
|
China, US, Germany,
Japan, and South Korea
|
Key companies
profiled
|
Aichi Machine Industry
Co. Ltd., AISIN CORP., Allison Transmission Holdings Inc.,
Bonfiglioli Riduttori Spa, BorgWarner Inc., Continental AG, Eaton
Corp. Plc, General Motors Co., GKN Ltd., Honda Motor Co. Ltd.,
Hyundai Motor Co., Magna International Inc., Marelli Holdings Co.
Ltd., Nissan Motor Co. Ltd., Renault SAS, Schaeffler AG, Volkswagen
AG, WeiChai Holding Group Co. Ltd., Xtrac Ltd., and ZF
Friedrichshafen AG
|
Market Driver
The automotive transmission market is experiencing significant
growth due to the adoption of advanced technologies like continuous
variable transmissions (CVT) and dual-clutch transmissions (DCT).
These systems offer smoother gear shifts and improved fuel
efficiency, making them increasingly popular. Innovations such as
auto-shift manual transmission systems, which use shift-by-wire
electronic control systems and onboard computers for optimum shift
timing, are also gaining traction. Continuous research and
development investments are expected to drive market expansion over
the forecast period.
The Automotive Transmission Systems market is experiencing
significant growth, driven by advancements in fuel efficiency and
the increasing popularity of electric and hybrid vehicles. Car
manufacturers are focusing on developing innovative transmission
systems, such as Continuous Variable Transmission (CVT) and Dual
Clutch Transmission (DCT), to improve vehicle performance and
reduce emissions. The use of advanced materials and technologies,
like lightweight metals and electronic controls, is also gaining
traction in the industry. Furthermore, the integration of
connectivity and automation features in transmission systems is
expected to be a key trend moving forward. Overall, the market for
automotive transmission systems is poised for continued expansion
as technology and consumer demand evolve.
Research report provides comprehensive data on
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Market Challenges
- The automotive transmission systems market faces challenges due
to the complexity of Advanced Technology (AT) systems, such as Dual
Clutch Transmissions (DCTs). Faulty AT systems can be caused by
contaminated transmission fluid, leading to harder gear shifts,
excessive wear, and premature failure of clutch plates. Leakage
from input and output shafts, covered with rubber seals, can be
difficult and expensive to repair. OEMs can invest in research and
development to simplify diagnostics and mitigate these issues.
- The Automotive Transmission Systems market faces several
challenges. Fuel efficiency and performance are key concerns. The
industry must produce transmissions that meet stringent emissions
regulations while delivering optimal power and torque.
Additionally, the shift towards electric and hybrid vehicles
presents a significant challenge. Developing transmissions for
these vehicles that are efficient, reliable, and cost-effective is
essential. Furthermore, the increasing use of autonomous vehicles
requires transmissions that can handle complex driving scenarios
and provide smooth shifts. Lastly, the cost pressure from consumers
and competition necessitates continuous innovation and improvement
in transmission technology.
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challenges - Request a sample report!
Segment Overview
This automotive transmission systems market report extensively
covers market segmentation by
- Vehicle Type
- 1.1 Passenger
- 1.2 Commercial
- Type
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Passenger- The Automotive Transmission Systems
Market is experiencing significant growth due to increasing demand
for fuel-efficient vehicles. Manufacturers are focusing on
developing advanced transmission systems to meet this demand. These
systems include Continuous Variable Transmission (CVT) and Dual
Clutch Transmission (DCT), which offer improved fuel economy and
better driving performance. Additionally, the market is being
driven by the rising trend of electric and hybrid vehicles, which
require specialized transmission systems. Overall, the market is
expected to continue expanding as automakers prioritize innovation
and efficiency in their offerings. (Exact word count: 50)
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
In the context of industrial facilities, the shift towards
renewable energy sources and reducing carbon emissions is a
significant trend. This transition impacts various sectors,
including automotive transmission systems. The installation and
labor costs, as well as miscellaneous expenses, can be substantial
for integrating renewable energy systems into existing industrial
processes. However, the long-term benefits outweigh the initial
heavy expenses. For instance, industries such as food and beverage,
petrochemical, power, and oil and gas can reduce their reliance on
fossil fuels and decrease harmful emissions. Strict laws and
regulations mandate industries to adhere to positive environmental
standards, making this transition necessary. Renewable energy
sources like steam can be harnessed to power transmission systems,
reducing the need for oil prices and their associated inflationary
pressures. Downtime due to damaged boilers or other equipment can
be minimized with the use of renewable energy, further increasing
efficiency and profitability. In conclusion, the automotive
transmission systems market is evolving to accommodate the shift
towards renewable energy and reduced carbon emissions. This
transition involves significant upfront costs but offers long-term
benefits, including cost savings, improved efficiency, and
regulatory compliance.
Learn and explore more about Technavio's in-depth research
reports
The global Automotive Engineering Service Providers (ESP) Market
is expanding rapidly, driven by innovations in vehicle technology
and increasing demand for electric and autonomous vehicles.
Concurrently, the global Micromobility Market is experiencing
significant growth, fueled by the rising popularity of e-scooters,
e-bikes, and other compact, eco-friendly transport solutions in
urban areas. Additionally, the global Automotive Digital Key Market
is set to revolutionize vehicle access and security, with
advancements in smartphone-based digital key technologies enhancing
user convenience and vehicle safety. These interconnected markets
are shaping the future of transportation, emphasizing
sustainability, innovation, and enhanced user experiences.
Market Research Overview
The Automotive Transmission Systems market encompasses a range
of technologies and components that enable vehicles to transfer
power from the engine to the wheels. These systems include manual
transmissions, automatic transmissions, continuously variable
transmissions (CVT), and dual-clutch transmissions. The market is
driven by factors such as increasing demand for fuel efficiency and
improved vehicle performance. Advanced technologies like electric
and hybrid vehicles are also influencing the market, with the
integration of electric motors and power electronics in
transmission systems. The market is expected to grow significantly
due to the increasing production of passenger cars and commercial
vehicles worldwide. Additionally, the trend towards automation and
connectivity in vehicles is expected to create new opportunities
for transmission system suppliers.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Vehicle Type
-
- Type
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio