Automotive Transmission Market Size SynopsisTransmission Type in Car is designed to transfer power which is developed in an automobile engine. It provides the vehicle with the power to move. This system comprises of auto components such as propeller shaft, gearbox, clutch, etc. This report by Market Research Future MRFR presents an observation that the global Transmission Type in Car market is supposed to expand at 6% CAGR over the forecast period. It is anticipated to accrue decent amount of revenue by the end of 2022. The market is poised to grow owing to the changing trends in the automotive industry. Also, the growth of the industry is projected to boost the growth rate of the Transmission Type in Car market in the forthcoming years.
Competitive Dashboard
The prominent players dominating the global [FURL=https://www.marketresearchfuture.com/reports/automotive-transmission-market-2427]Automotive Transmission Market Size[/FURL] includes Aisin Seiki Co. Ltd. (Japan), Allison Transmission Inc. (U.S.), BorgWarner Inc. (U.S.), Continental AG (Germany), GKN PLC (U.K.), Eaton Corporation PLC (Ireland), Magna International Inc. (Canada), Jatco Ltd. (U.S.), Schaeffler AG (Germany), and ZF Friedrichshafen AG (Germany).
Segmental Analysis
The Automotive Transmission Market Size is segmented on the basis of type, vehicle type, and fuel type.
By mode of type, the Automotive Transmission Market Size is segmented into manual, automatic, continuous variable transmission (CVT), automatic manual transmission (AMT), and dual clutch transmission (DCT).
The vehicle type of Automotive Transmission Market Size comprises light commercial vehicle (LCV), heavy commercial vehicle (HCV), and passenger car. Among these, the passenger car segment is estimated to acquire the highest share in terms of volume and value.
Based on fuel type, the market is bifurcated into diesel, gasoline, and others.
Regional Frontiers
Geographically, the Automotive Transmission Market Size span across regions, namely, Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Considering the global scenario, the Asia Pacific region is predicted to dominate the Automotive Transmission Market Size due to the augmenting production of LCV and passenger cars, especially in the developing nations of the region. Several OEM’s are opening their production facilities, especially in India and China, which is contributing to its growth. The region has become the largest regional industry for alternative fuel passenger cars owing to the booming automobile sector and rapid industrialization. The trend is observed mainly due to incentives and tax breaks to the participants in the sector. Such factors are highly influencing the growth of the market in this region.
North America is predicted to bag the second position in the global market due to the surging demand for automated manual transmission (AMT) is likely to boost the growth of the market. Manufacturing hubs in terms of technology is anticipated to strengthen the growth in the coming years. The region is predicted to acquire the lion’s share due to the unpopular public transport in the U.S., due to which people use personal vehicles.
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