Automotive Transmission Market Description -
Broadly, the automotive transmission system has been segmented into
two types: manual and automatic transmission. By fuel type,
automotive transmission is segmented into gasoline, diesel, and
others. The automotive transmission system by vehicle type is
segmented into passenger cars, LCV’s, ICV’s, HCV’s, off road
vehicles, construction equipment vehicles, defense vehicles, and farm
tractors. Latest automotive transmission systems enhances the driving
experience in terms of improved acceleration, gear shifting and
improves fuel efficiency over conventional manual transmission
systems. Growing demand for lower carbon emissions is driving the
automotive transmission system market. Low penetration of advanced
transmission system in markets like India, Brazil, and Mexico is
restraining the automotive transmission system market. End users in
emerging countries like India and Pakistan still prefer manual
transmission over automatic transmissions. Moreover, variants with
automatic transmission are costlier than manual transmissions and
this is one of the major limiting factors for the automotive
transmission market. Growing demand for advanced transmission systems
in the entry level vehicle segment is expected to drive the market.
The global automotive transmission market is segmented by region into
North America, Europe, Asia Pacific and Rest of the World (RoW). Asia
Pacific led the global automotive transmission market in 2014. Asia
Pacific is the largest producer as well as the biggest transmission
market in terms of value due to presence of countries like China,
India, South Korea and Japan.
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.
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