DUBLIN – (COMMERCIAL THREAD) – The “Global Automotive Transmission Market Size, Share and Trend Analysis Report by Transmission Type (Manual, Automatic), Fuel Type (Gasoline, Diesel), Vehicle Type (passenger cars, HCV), by region and segment forecast, the 2021-2028 report “has been added to ResearchAndMarkets.com offer.
The global automotive transmission market size is expected to reach USD 211.85 billion by 2028, registering a CAGR of 5.2% over the forecast period.
Allison Transmission Inc.
Eaton Corporation SA
Magna International Inc.
ZF Friedrichshafen AG
The Covid-19 pandemic has had a negative impact on the automotive industry, causing the growth of this market to decline. Growing concerns about global warming and pollution have led to various strict government regulations regarding vehicle emissions. These regulatory guidelines have prompted component suppliers to manufacture environmentally friendly, high efficiency transmission systems for domestic and international markets.
Thus, increasing emission standards around the world is one of the key factors for the growth of the market. Emission performance standards set a limit on the amount of various gases that can be emitted. Although the main purpose of these standards is to guide the limit of pollutants, such as nitrogen and sulfur oxides, they also help to regulate the proportion of greenhouse gases, especially carbon dioxide, in exhaust emissions. In the United States, emission standards are administered by the Environmental Protection Agency (EPA), while the state of California has special emission standards for vehicles. Other states in the United States follow EPA or California standards.
In the aftermath of the pandemic, closures and social distancing standards have been implemented globally, resulting in losses for industries such as manufacturing, automotive, entertainment, foodservice and the hotel industry. Overall automotive production volumes declined globally year over year, primarily due to lower production volumes in North America and Europe, among other regions. According to the International Organization of Automobile Manufacturers (OICA), world automobile production fell by more than 15% or 77.6 million units in 2020 against 91.7 million units in 2019.
However, as governments begin to gradually ease lockdown standards and allow companies to operate with social distancing mandates, the market can expect a short-term respite from growing demand for cars. . Asia-Pacific captured the largest revenue share of over 31% in 2020 and is also expected to register the fastest CAGR from 2021 to 2028. The demand for automotive transmission in the region is largely met by China, the ‘India and Japan. In addition, the “Make in India” campaign is expected to attract investment in the automotive sector, thereby stimulating market growth in India.
Highlights of Automotive Transmission Market Report
Auto-type segment is estimated to account for the highest revenue share by 2028, growing at the fastest CAGR from 2021 to 2028
This growth can be attributed to advancements in the automotive industry and improvements in automatic transmissions.
Gasoline fuel type has emerged as the most important fuel type segment in 2020 and is expected to continue growing at the fastest CAGR during the forecast period.
Passenger car segment dominated the market in 2020 due to strong demand for passenger cars due to improving economic outlook in several developed and developing markets
Asia-Pacific held the largest market share in 2020. This can be attributed to high vehicle production in India, China and Japan.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends and Scope
3.1 Mapping of penetration and growth prospects
3.2 Automotive transmission – Value chain analysis
3.3 Automotive Transmission Market Dynamics
3.3.1 Market Drivers Analysis
3.3.2 Analysis of market restrictions
3.3.3 Analysis of market opportunities
3.4 Automotive Transmission Industry Analysis – PESTLE
3.5 Automotive Transmission Industry Analysis – Porter’s
Chapter 4 Automotive Transmission Market: Transmission Type Estimates and Trend Analysis
4.1 Market share and type movement analysis, 2020 and 2028
4.2 Market Size, Forecast and Trend Analysis, 2016 to 2028
Chapter 5 Automotive Transmission Market: Fuel Type Estimates and Trend Analysis
5.1 Analysis of the Movement of Fuel Types and Market Share, 2020 and 2028
5.2 Market Size, Forecast and Trend Analysis, 2016 to 2028
Chapter 6 Automotive Transmission Market: Vehicle Type Estimates and Trend Analysis
6.1 Analysis of Vehicle Type Movements and Market Share, 2020 and 2028
6.2 Market Size, Forecast and Trend Analysis, 2016 to 2028
6.2.1 Passenger cars
Chapter 7 Automotive Transmission Market: Regional Estimates and Trend Analysis
Chapter 8 Competitive Landscape
8.1 Key Business Analysis, 2020
8.2 Company profile
For more information on this report, visit https://www.researchandmarkets.com/r/cvyrwb