At 5.1% CAGR, Global Automotive Transmission Market Size & Share to Surpass USD 223.47 Billion By 2028: Industry Trends & Forecast Report

The diesel fuel type dominated the global industry in 2020. Asia Pacific region accounted for the majority share in the global industry. The paramount interest generated in traveler and business vehicles and development in the worldwide car industry helps fuel technology. The interest in extravagance and comfort in vehicles has expanded fundamentally, particularly from the developing economies.

The global Automotive Transmission Market size was valued at USD 152.12 billion in 2020 and is anticipated to reach USD 223.47 billion by 2028, to grow at a CAGR of 5.1% during the forecast period.

Buyers incline toward the agreeable and upgraded driving background, which lifts the car fuel flow showcase. The presentation of stringent government guidelines with respect to carbon emanations has urged players to pronounce effective system frameworks. New developing avenues, rising buyer socioeconomics, and stringent government guidelines is expected to drive the demand for efficient and improved systems. 

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What Does the Report Include?

  • Status of the Automotive Transmission Market in world view.
  • Top companies operating in the market.
  • Import-Export policies regarding the products/services in the Automotive Transmission Market.
  • Research and development activities.
  • Major research agenda in industry segments.
  • Segmentation according to application, type, and geography.
  • Comparative study of the domestic and international prices of the products and services and related price fluctuations.
  • Worldwide Automotive Transmission Market’s driving forces and roadblocks

In 2020, Asia Pacific represented as the fastest-growing region in the global industry. The administrations in the region have presented stringent guidelines with respect to vehicular emanations as inferred from ecological concerns. The developing interest for cars in the area, the thriving car industry, and innovative progressions would quicken the interest in several car systems amid the forecast period.

To increase their product offerings in the industry, most corporations focus on supplying technologically driven and innovative items. To increase their share, the corporations are pursuing strategic activities such as collaborations, regional expansions, mergers, acquisitions, and partnerships.

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Top Key Players: 

The key players profiled in the market include Magna International, Allison Transmission Inc., Eaton Corporation Plc., Continental AG, Schaeffler AG, Jatco Ltd., ZF Friedrichshafen AG, Aisin Seiki Ltd., Borg Warner, Inc., and GKN PLC, among others. 

Polaris Market Research has segmented the automotive transmission market report on the basis of type, vehicle type, fuel type:

Automotive Transmission, Type Outlook (Revenue – USD Billion)

  • MT
  • AT
  • AMT
  • DCT
  • CVT
  • Others

Automotive Transmission, Vehicle Type Outlook (Revenue – USD Billion)

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Automotive Transmission, Fuel Type Outlook (Revenue – USD Billion)

  • Gasoline
  • Diesel
  • Others

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Key Offerings:

  • Market Size & Forecast by Revenue
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis by Component, by Type, by Deployment Mode, by Vertical, and by Geography
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Moreover, the research reviewer has also explained the impact of the Covid-19 outbreak on the global Automotive Transmission Market and related factors including supply chain analysis, effect estimations on target market size growth rates in various scenarios, and the steps that major firms would take in reaction to the epidemic. The report then focuses on regional and application markets along with existing and future trends. The historical evaluation given in this report supports demand growth at the global, national, and regional levels. Web communities, online forums, surveys, and interviews are utilized to acquire data for the market study report.

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