Title: Automotive Transmission industry analysis research and trends report for 2020 - 2026
1Automotive Transmission Market Update, Analysis,
Forecast, 2020 2026
- The thriving automotive industry in conjugation
with increased inclination towards use of
personal vehicles during the COVID-19 pandemic
situation has enabled the global automotive
transmission industry to carve out a profitable
growth map for itself in the upcoming years.
Moreover, elevating demand for electrical
vehicles owing to the fluctuating fuel prices in
tandem with stringent government regulations is
anticipated to propel the global market dynamics
over 2020 to 2026. - The demand for automatic cars in Europe, subject
to the widespread penetration of automated manual
transmission amongst a large population base has
offered a significant boost to the overall
automotive transmission market. It has been
observed that automated manual transmission has
the ability to bridge the price gap between
manual and automatic cars, allowing the drivers
to leverage a seamless experience.
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2- Distribution channel for automotive transmission
systems plays a pivotal role in the overall
growth of the market. Speaking of which, OEMs are
likely to come up as a strong contender in the
near future. For the record, OEMs held around 98
per cent of the product sales in 2019 and
projected to grow at a rate of 4 per cent through
2026, subject to the low rate of transmission
system replacement. However, reports suggest that
after-market is also gaining massive traction
globally on the grounds of transcending trend of
transmission upgrades, perhaps due to the
emergence of new technologies associated with the
same.
- The global automotive transmission industry has
been divided into different domains including
transmission segment, engine segment, gear
segment, regional outlook, and distribution
channels. Highlighting the basics of gear
segment, it is observed that automotive
transmission market from less than 5 gears sector
would accrue tremendous gains in the ensuing
years, given its rising demand across light duty
vehicles due to the products fuel and price
efficiency.
- Ongoing advancements in the field have compelled
automotive transmission market players to
brainstorm into the possibilities of novel
product launches, potential acquisitions or
mergers, and facility expansion. For instance,
prominent automakers, Hyundai and Kia have
announced working closely for the development of
worlds first predictive automatic transmission
system.
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4- North America is also anticipated to stand tall
in the overall automotive transmission industry,
courtesy- escalating demand for commercial
vehicles. In fact, as per OICA statistics, the
United States recorded over more than 8 million
commercial vehicle production in 2019, a count
which is only likely to grow in the upcoming
years. Growth in the regional market is poised to
predominantly come from government intervention
pertaining to the enforcement of numerous
regulations to potential manage the goods being
carried in the CVs.
- Key Players operating in automotive transmission
industry are Aisin Seiki Co., ZF Friedrichshafen
AG, Getrag Corporate Group, Jatco Ltd., Magna
Powertrain, GKN PLC, BorgWarner Inc., Allison
Transmission Inc., Eaton, Volkswagen Group, Kia
Motors, Ford Motors, General Motors
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