Automotive Automatic Transmission System Market Scenario
The high shelf shifting potential
offered by automobile transmission can prompt the expansion of the automobile
automatic transmission system market 2023, reveals Market Research Future
(MFRF). The high efficacy of process of the
transmission of power from the engine across the wheels, automatically by the
change in gear ratios can add a competitive advantage to the automotive
automatic transmission system world market. With the assistance of automotive
automatic transmission system, a vehicle can move from one point to another
without the requirement for shifting of gears manually. The slashing in manual
labor and increase in convenience of operations can act as strong boosters for
the rise of the automotive automatic transmission system market.
An internal combustion engine is
used to cause rotation of automatic automotive transmission system at high RPM can
support the rise of the automatic transmission system worldwide market. The
variation in speed range and different torque outputs are beneficial in case
where vehicles move in heavy traffic condition. The rise in world population
and increase in traffic congestion can support the growth of the automotive
automatic transmission market. Across 2023 to 2032, the global automotive
automatic transmission system market can expand at 6% CAGR.
Get Free Sample Report of Automotive Automatic Transmission System
Market
Market Segmentation
The segment study of the global
automatic transmission market aids investors in getting enhanced understanding
about the market. It also offers insight on growth prospects of the market.
Type, fuel, and vehicle type are parameters on which the automotive automatic
transmission system market segment study is based. The type based, automotive
automatic transmission system market segments are Dual-Clutch transmission
(DCT), Automated Manual Transmission (AMT), and Continuously Variable
Transmission (CVT). The vehicle type based, automotive automatic transmission
system market are HCV, Passenger Car, and LCV. The fuel type based, automotive
automatic transmission system are diesel, gasoline, and hybrid.
Regional Analysis
In Asia Pacific region,
automotive automatic transmission system market is anticipated to rise at the highest
rate owing to rise in the need for gear shift systems and automated clutch in
commercial vehicles. Gear shift and automated clutch assist in the reduction of
accidents and aids in making ride comfortable and safe. The increase in the demand
for automated transmission system can prompt the market in the years to come.
In North America, the automotive automatic
transmission system is rapidly replacing manual transmission system, as torque
interruption while changing of gear is accurate in the prior. Dual clutch
transmission that provides two clutch inputs offers smooth and comfortable
ride, which is also an important replacement to traditional solutions. The
comfort ride offered by these vehicle can impel the rise of the automatic
transmission market in the near future.
In Europe, the automotive
automatic transmission system market can rise due to the support of the government
to imposed major regulations to curb high vehicular CO2 emission from vehicles.
Automobiles that emit high CO2 are to be penalized with high taxation and high cost
of fuel that can result in having negative impact on the environment, thus
result in the adoption of automatic automotive transmission system across the
assessment period. The increase in utility of such system can bolster the
market rise in Europe.
Key Players
Some notable players in the global
automotive automatic transmission system market are mentioned in the report
published by MRFR. They are; Aisin Seiki Co., Ltd. (Japan), Allison
Transmission (U.S.), Magna International Inc. (Canada), JATCO Ltd. (Japan), GKN
PLC (U.K.), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.),
Continental AG (Germany), GETRAG (Germany), and Eaton Corporation PLC (Republic
of Ireland) among other major players in the market.
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