Automotive Transmission Market is anticipated to grow at a CAGR of 14% during 2022-2028
Automotive Transmission Market is anticipated to grow at a CAGR of 14% during 2022-2028
Blog Article
The global automotive transmission market is projected to reach $679.9 billion by 2028, at a CAGR of 14% during 2022-2028. The growth of automotive transmission market is driven by increasing vehicle production and growing demand for lightweight transmission systems to enhance the driving experience.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the automotive transmission market by vehicle type (Compact Cars, Mid-Size Cars, Luxury Cars, SUVs, LCV, HCV, Electric Vehicles), transmission type (Automatic and Manual), engine type (IC Engine and Electric Vehicle) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the automotive transmission market?
Q.4 What are some changing demands of customers in the automotive transmission market?
Q.5 What are the new developments in the automotive transmission market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive transmission area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this automotive transmission market?
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of more efficient automatic transmission and increasing demand for hybrid and dual clutch transmission.
Market Segmentation:
Based on transmission type, the automotive transmission market is segmented into Automatic and Manual. The automatic transmission segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to ease of operation and low maintenance cost which is driving the automatic transmission market.
Asia Pacific will remain the largest region due to high vehicle production and increasing adoption of automatic transmission in mid size and compact cars. Europe is expected to witness highest growth over the forecast period because of rapidly increasing demand for automatic transmissions in small, compact, and mid-size cars.
Key Players in the automotive transmission market are Aisin Seiki, Robert Bosch, ZF Friedrichshafen, Continental, Magna, Eaton Corporation, GKN, Jatco, BorgWarner, Schaeffler.
The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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