Automotive Transmission Market to hit USD 281.3 Bn by 2026: Global Market Insights, Inc.

Automotive Transmission market from less than 5 gears is predicted to cover more than 50% share in 2026 driven by the increasing demand for light duty vehicles due to price and fuel efficiency.

Selbyville, Delaware, Sept. 02, 2020 (GLOBE NEWSWIRE) --

Global Market Insights, Inc. has recently added a new report on automotive transmission market which estimates the global market valuation for automotive transmission will cross US$ 281.3 billion by 2026. Increasing trend to use personal vehicles is expected to boost overall market size.

The increasing automatic cars demand in Europe owing to the widespread penetration of automated manual transmission amongst customers. It has bridged the price gap between automatic and manual cars. Drivers can enjoy partly both the luxuries with lesser price than automated transmission. Introduction of automatic cars in the small car segment with increased fuel efficiency coupled with worsening traffic conditions is expected to drive the AMT demand over the projected timeframe. Automated manual transmission demand in Asia Pacific is also on the rise due to the price benefits attached to it.

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Automated transmission demand in North America will be benefited by the increasing demand for commercial vehicles in the region. Regulating authorities in the region are imposing numerous regulations to effectively manage the goods being carried in commercial vehicles. In the U.S., the Federal Motor Carrier Safety Administration (FMCSA) is responsible for preventing fatalities and injuries related to vehicles. In line with this, FMCSA regulates the size of goods being carried in a vehicle. Implementation of such regulations will increase the commercial vehicles demand for goods transportation, which, in turn, will drive the transmission demand for commercial vehicles in the coming years.

Less than 5 gears will remain the major demand generating speed transmission segment and will account for over 50% demand share in 2026. The increasing demand for light duty vehicles due to price and fuel efficiency will drive the demand for transmission systems for less than 5 gears. However, in a shorter perspective, automotive transmission demand is projected to remain quite low due to the COVID-19 outbreak.

The automotive industry is one of the highly affected industries by the COVID-19. Due to this impact, the automotive demand is anticipated to grow more rapidly once economies reopens. People are expected to prefer individual vehicles instead of public transport to avoid virus infection, which, in turn, will drive the industry growth during the forecast timespan.

OEMs were responsible for around 98% of the product sale in 2019 and are likely to grow at a CAGR of over 4% in the next few years. The low rate of transmission system replacement was the major attribute behind it. However, the after-market has been gaining traction from past few years. Increasing trend of transmission upgrades due to the introduction of new technologies is likely to fuel the after-market growth.

Browse key industry insights spread across 300 pages with 327 market data tables & 21 figures & charts from the report, “Automotive Transmission Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:

Many multinational giants operating in the industry are focusing on mergers & acquisition to increase their global presence. For instance, Magna International Inc. has acquired Getrag Group of companies, an independent supplier of automotive transmissions. This acquisition is expected to increase Magna International’s presence across the supply chain. Other prominent players operating in the industry include Jatco Ltd., ZF Friedrichshafen AG, GKN PLC, BorgWarner Inc., Aisin Seiki Co., Allison Transmission Inc., Eaton, Volkswagen Group, Kia Motors, and General Motors.

Some major findings of the automotive transmission market report include:

  • Increasing people’s inclination to use personal vehicles due to COVID-19 pandemic will fuel the product demand.

  • Growing demand for electrical vehicles due to volatility in fuel prices and stringent government regulations.

  • Rapidly growing demand for automated manual transmission (AMT) in Europe.

  • OEM will remain the prominent distribution channel over the forecast period.

  • Increasing demand for high-speed transmission vehicles across the globe.

Browse complete reports table of contents (ToC):

Partial chapters of report table of contents (TOC):

Chapter 3: Automotive Transmission Industry Insights

    • Industry segmentation
    • Industry size and forecast, 2016 – 2026
      • COVID-19 impact on industry landscape
    • Industry ecosystem analysis
      • Profit margin
      • Value addition
      • Distribution channel analysis
        • Value chain disruption analysis
      • Vendor matrix
        • List of key manufacturers/distributors
        • List of key end-users
    • Innovation & sustainability
      • Patent analysis
      • Technology landscape
      • Future trends
    • Industry impact forces
      • Growth drivers
        • Increasing commercial vehicle production in North America
        • Introduction of new technologies
        • Increasing demand for passenger vehicles production in Asia Pacific
        • Rapidly growing demand for electric vehicle
      • Industry pitfalls & challenges
        • Ongoing economic slowdown may hamper product demand
    • Regulatory landscape
      • U.S.
      • China
      • Europe
    • Growth potential analysis
    • Regional price trends
      • Cost structure analysis
        • R&D cost
        • Manufacturing & equipment cost
        • Raw material cost
        • Distribution cost
        • Operating cost
        • Miscellaneous cost
      • Price by transmission
      • Price by engine
      • Price by vehicle
      • Speed transmission/gears
      • Price by distribution
    • Competitive landscape, 2019
      • Top player overview
      • Brand analysis
      • Key stakeholders
      • Strategic dashboard
    • Porter’s analysis
      • Supplier end-user
      • Buyer end-user
      • Threat of new entrants
      • Threat of substitutes
      • Industry rivalry
    • PESTEL analysis
    • COVID-19 impact on automotive industry by region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

Browse related report:
Dual Clutch Transmission Market Size By Clutches (Dry, Wet), By Vehicle (Passenger Cars, Commercial Vehicle, Sport Car), By Transmission (ICE, Hybrid), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.