Automotive Automatic Transmission System Market Scenario
The automotive automatic transmission system market is a rapidly growing industry that is driven by the increasing demand for automatic transmission systems in vehicles. An automatic transmission system is a type of transmission that automatically changes gear ratios as the vehicle moves, without the need for the driver to manually shift gears.
One of the primary factors driving the growth of the automotive automatic transmission system market is the increasing demand for passenger vehicles, especially in developing economies. Automatic transmission systems offer convenience and ease of use, which makes them a popular choice for many car buyers.
The high shelf shifting potential offered by automobile transmission can prompt the expansion of the automobile automatic transmission system market 2020, reveals Market Research Future (MFRF). The high efficacy of process of the transmission of power from the engine across the wheels, automatically by the change in gear ratios can add a competitive advantage to the automotive automatic transmission system world market. With the assistance of automotive automatic transmission system, a vehicle can move from one point to another without the requirement for shifting of gears manually.
The slashing in manual labor and increase in convenience of operations can act as strong boosters for the rise of the automotive automatic transmission system market. An internal combustion engine is used to cause rotation of automatic automotive transmission system at high RPM can support the rise of the automatic transmission system worldwide market. The variation in speed range and different torque outputs are beneficial in case where vehicles move in heavy traffic condition. The rise in world population and increase in traffic congestion can support the growth of the automotive automatic transmission market. Across 2022 to 2030, the global automotive automatic transmission system market can expand at 6% CAGR.
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Automotive Automatic Transmission System Market Segmentation
The segment study of the global automatic transmission market aids investors in getting enhanced understanding about the market. It also offers insight on growth prospects of the market. Type, fuel, and vehicle type are parameters on which the automotive automatic transmission system market segment study is based. The type based, automotive automatic transmission system market segments are Dual-Clutch transmission (DCT), Automated Manual Transmission (AMT), and Continuously Variable Transmission (CVT). The vehicle type based, automotive automatic transmission system market are HCV, Passenger Car, and LCV. The fuel type based, automotive automatic transmission system are diesel, gasoline, and hybrid.
Automotive Automatic Transmission System Market Regional Analysis
In Asia Pacific region, automotive automatic transmission system market is anticipated to rise at the highest rate owing to rise in the need for gear shift systems and automated clutch in commercial vehicles. Gear shift and automated clutch assist in the reduction of accidents and aids in making ride comfortable and safe. The increase in the demand for automated transmission system can prompt the market in the years to come.
In North America, the automotive automatic transmission system is rapidly replacing manual transmission system, as torque interruption while changing of gear is accurate in the prior. Dual clutch transmission that provides two clutch inputs offers smooth and comfortable ride, which is also an important replacement to traditional solutions. The comfort ride offered by these vehicle can impel the rise of the automatic transmission market in the near future.
In Europe, the automotive automatic transmission system market can rise due to the support of the government to imposed major regulations to curb high vehicular CO2 emission from vehicles. Automobiles that emit high CO2 are to be penalized with high taxation and high cost of fuel that can result in having negative impact on the environment, thus result in the adoption of automatic automotive transmission system across the assessment period. The increase in utility of such system can bolster the market rise in Europe.
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Automotive Automatic Transmission System Market Key Players
Some notable players in the global automotive automatic transmission system market are mentioned in the report published by MRFR. They are; Aisin Seiki Co., Ltd. (Japan), Allison Transmission (U.S.), Magna International Inc. (Canada), JATCO Ltd. (Japan), GKN PLC (U.K.), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Continental AG (Germany), GETRAG (Germany), and Eaton Corporation PLC (Republic of Ireland) among other major players in the market.
