Gasoline Vehicles Drive Global Automotive Transmission Market

 Automotive Transmission Market

An automotive transmission system (also referred to as the gearbox) provide a controlled application of the power which is generated from the engine of the vehicle. The transmission system uses gear trains and gears to provide torque and speed conversions from a rotating power source to another device. Transmission systems used in vehicles are hydraulic transmissions. This type of transmission uses a kind of fluid coupling instead of friction clutch, and changes gears by locking and unlocking a system of planetary gears.

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The automotive transmission system can be segmented into two types: manual and automatic transmission. By fuel type, automotive transmission market can be segmented into gasoline, diesel, and others. The automotive transmission system by vehicle type has been segmented into passenger cars, LCV’s, ICV’s, HCV’s, off road vehicles, construction equipment vehicles, defense vehicles and farm tractors.

The global automotive transmission market is expected to exhibit a CAGR of 5.90% between 2015 and 2021. The market’s recorded value in 2014 was US$119.7 mn. This market could possibly reach an overall value of US$181.8 mn by the end of 2021.Automotive transmissions deliver the torque changes from the engine to the drive wheels through a structure of different gear ratios. Automobiles are incorporated with either manual, automatic, or semi-automatic transmission systems. Previously, typical transmission systems used a 4-speed or 5-speed transmission. Modern vehicles employ 6-, 7-, 8-, or even 9-speed transmissions, which potentially increases driving comfort and enhances the overall fuel efficiency of the vehicle.

On the basis of fuel type, the global automotive transmission market has been segmented into gasoline, diesel and others. Gasoline accounted for the major market share in the global automotive transmission market in 2014. Diesel is expected to substitute gasoline over the forecast period and is expected to account for the maximum share of fuel used in automotives. Other alternative source of fuel sources such as electric and hybrid vehicles expected to rise over the forecast period.

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The global automotive transmission market has been segmented on the basis of transmission type into: manual and automatic. Manual transmission accounted for the largest market share in 2014. Manual transmission is preferred in Asia Pacific and Europe and together these two regions account for 60% of the total market share in the global automotive transmission market at present. Although this trend is expected to change over the forecast period and there is a shift in preference from manual system to automatic transmission system, this is expected to drive the market over the forecast period.

 The market share of various key industry players in the automotive transmission market along with their company overview, market presence (by segment and geography), financial overview, business strategies and recent developments are also included in the report. The key players operating in the automotive transmission market are Magna International Inc. (Canada), Eaton Corporation (Ireland), Continental AG (Germany), ZF Friedrichshafen (Germany), Allison Transmission (U.S.A), BorgWarner Inc. (U.S), Aisin SEIKI Co. Ltd. (Japan), and GKN PLC (U.K) among others.