Automotive Automatic Transmission System Market:
The automotive automatic transmission system market is a vital segment of the automotive industry, providing vehicles with the ability to shift gears automatically without driver intervention.
These systems offer convenience, ease of use, and enhanced driving comfort. The adoption of Automotive Automatic Transmission System Market continues to grow globally due to their ability to improve fuel efficiency, reduce driver fatigue, and optimize engine performance.
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Market key players:
Magna International Inc. (Canada)
Aisin Seiki Co., Ltd. (Japan)
ZF Friedrichshafen AG (Germany)
GETRAG (Germany) and JATCO Ltd. (Japan)
Eaton Corporation PLC (Republic of Ireland)
Continental AG (Germany)
Allison Transmission (U.S.)
BorgWarner Inc. (U.S.)
GKN PLC (U.K.)
Market Scenario
The high shelf shifting potential offered by automobile transmission can prompt the expansion of the automobile automatic transmission system market 2020, 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 2017 to 2023, the global automotive automatic transmission system market can expand at 6% CAGR.
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 vehicles 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.
Industry News:
Magna International Inc.
Expansion into Electric Vehicles: Magna has been actively investing in electric vehicle (EV) technology. They have developed electric drivetrain systems and battery packs, which are crucial components for electric vehicles.
Aisin Seiki Co., Ltd.
Focus on Hybrid Technology: Aisin has been a major player in the hybrid vehicle market for many years. They have developed a wide range of hybrid transmission systems and components, including planetary gear sets and electric motors.
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