Market Research Future Insights
According to MRFR analysis, the global Automotive Transmission Market is expected to register a CAGR of ~7.1% from 2022 to 2030 and hold a value of over USD 98000 million by 2030.
An automotive transmission is a type of mechanical system that is used to transmit power from the engine of a vehicle to its wheels. The transmission is responsible for transferring the power to the wheels at the appropriate speed and torque, allowing the vehicle to accelerate and decelerate as needed. Automotive transmissions are used in a wide range of vehicles, including cars, trucks, buses, and other types of vehicles. The COVID-19 pandemic has had some impact on the production and sales of automotive transmissions, but the overall impact has been relatively limited. The demand for automotive transmissions has remained relatively stable during the pandemic, as they are a critical component of vehicles and are used in a wide range of applications.
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Regional Analysis
The Asia-Pacific automotive transmission market is booming due to an increased demand for passenger cars and LCVs in the region. This growth can be attributed to the numerous OEM production facilities that have opened in recent years, with even more scheduled to open in emerging nations such as China and India.
Market Segmentation
The Global Automotive Transmission market has been segmented into type, application, and vertical.
Based on the type, the market has been segmented into Automatic, Manual, Automatic Manual Transmission, Continuous Variable Transmission, and Dual Clutch Transmission.
Based on the vehicle type, the market has been segmented into Passenger Cars, LCVs, and HCV.
Based on the fuel type, the market has been segmented into Gasoline, Diesel, and Others.
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Key Players
Some of the key market players are Allison Transmission Inc., Aisin Seiki Co. Ltd., Continental AG, BorgWarner Inc., Eaton Corporation PLC, GKN PLC, Jatco Ltd., Magna International Inc., ZF Friedrichshafen AG and Schaeffler AG.
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