Asia Pacific Automotive Transmission Market
Revenue by Transmission Type, 2014 - 2024 (USD Million)
The
global automotive transmission market size
is expected to reach USD 259.1 million by 2024 according to a new report by
Grand View Research, Inc. Increasing emission standards worldwide is one of the
key reasons driving the growth of automotive transmission market. Gasoline
engines emit toxic gasses and particles that are hazardous to the environment.
Rising pollution and global warming effect has led to the implementation of
various government regulation relating to vehicular emissions. Such guidelines
have enforced the component suppliers to produce high-efficiency environment-friendly
transmission systems for domestic and international markets.
Further, growing adoption for Automatic Manual
Transmission (AMT) in the automotive industry is expected to fuel the demand
over the forecast period. AMT is more efficient than other transmission systems
and is easy to manufacture at low cost. Increasing adoption of AMT across
compact cars segment is anticipated to grow further over the next few years.
Growing prominence for electrified transmissions among
automotive manufacturers is expected to witness increasing penetration across
regions including Europe and North America. Rising focus on hybrid vehicles and
their positive impact on fuel economy and emissions in these regions will
contribute to the adoption of the transmission systems.
Full Research Report On automotive transmission market Analysis:
http://www.grandviewresearch.com/industry-analysis/automotive-transmission-market
http://www.grandviewresearch.com/industry-analysis/automotive-transmission-market
Further
key findings from the report suggest:
·
Automatic segment is anticipated to grow at
CAGR of over 8.0% from 2016 to 2024. Advancements in the automotive industry
and improvement in transmissions are leading to a shift towards automatic transmission
segment. Automatic transmissions are easier to operate, efficient and accurate.
Improvements in the function and fuel economy of automatic transmissions is
essentially hampering the growth of manual transmission in the U.S.
·
Diesel fuel type segment is expected to
witness substantial growth at a CAGR of over 7.6% from 2016 to 2024. Growing
demand for diesel engines is due to the high compression ratio, which allows
better efficiency compared to gasoline engines. Moreover, these engines are
prominently used in the SUVs segment cars across the world.
·
Passenger cars segmented dominated the
industry in 2015, which is expected to grow at a CAGR of nearly 8.0% over the
forecast period. Rising demand for luxury vehicles with advanced features such
as improved fuel economy and high efficiency owing to the rising disposable
income of the countries such as India is anticipated to drive the demand.
Off-road vehicle such as ATVs, Hummer vehicles, Monster trucks, Jeep vehicles
and four-wheel drive systems are gaining popularity and is expected to drive
the market over the next eight years.
·
Stringent guidelines across the globe are
anticipated to regulate the automotive transmission market over the future.
Asia Pacific dominated the industry in 2015 and is expected to remain the same
by 2024. Increasing automotive sales especially in countries such as Japan,
India, China and South Korea is projected to favorably impact the market over
the forecast period.
·
Key industry participants include Aisin
Seiki Co., Ltd., Allison Transmission Inc., BorgWarner Inc., Continental AG,
Eaton Corporation PLC, Getrag, GKN PLC, Magna International Inc., Jatco Ltd.,
and ZF Friedrichshafen AG. Automotive manufacturers in the industry are
investing immensely in its R&D operations to match the changing
technological demands across the industry.
View
More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global automotive
transmission market on the basis of transmission type, fuel type, vehicle type
and region:
Automotive
Transmission Type Outlook (Revenue, USD Million, 2014 - 2024)
·
Manual
·
Automatic
Automotive
Transmission Fuel Type Outlook (Revenue, USD Million, 2014 - 2024)
·
Gasoline
·
Diesel
·
Others
Automotive
Transmission Vehicle Type Outlook (Revenue, USD Million, 2014 - 2024)
·
Passenger cars
·
LCVs
·
ICVs
·
HCVs
·
Off-road
·
Construction
·
Defense
·
Farm Tractors
Automotive
Transmission Regional Outlook (USD Million, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-automotive-transmission-market
https://www.grandviewresearch.com/press-release/global-automotive-transmission-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For
more information: https://www.grandviewresearch.com/