Automotive Transmission
Automotive Transmission Market by Type (Automatic Transmission, Continuous Variable Transmission, Dual Clutch Transmission), Vehicle (Commercial Vehicle, Passenger Vehicle) - Global Forecast 2024-2030
360iResearch Analyst
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[189 Pages Report] The Automotive Transmission Market size was estimated at USD 69.08 billion in 2023 and expected to reach USD 73.25 billion in 2024, at a CAGR 6.43% to reach USD 106.87 billion by 2030.

An automotive transmission, known as a gearbox, is a vital component of a vehicle's drivetrain tasked with directing power from the engine to the wheels, thereby enabling the vehicle to move. The transmission ensures that the engine operates within an optimal performance range while adapting to various driving conditions, such as acceleration, cruising, and climbing hills. The growing electric vehicle adoption introduces demand for new transmission designs, such as single-speed transmissions specific to EVs. In addition, stringent emission norms worldwide are pushing OEMs to design more efficient transmission systems. However, the increasing complexity of modern transmissions can raise manufacturing costs and time. Furthermore, exploring lightweight and high-strength materials for transmission components to improve efficiency and performance create strong opportunities for market growth.

Regional Insights

The Americas, particularly the United States, and Canada display diverse automotive transmission preferences. While automatic transmissions dominate the United States market, there is an increasing interest in manual transmissions in Canada due to their cost-effectiveness and fuel efficiency. The United States market is characterized by a strong preference for automatic transmissions, with significant advancements in continuously variable transmissions (CVT) and dual-clutch transmissions (DCT) technologies. Europe is at the forefront of adopting environmental regulations, which has led to an augmented demand for efficient and sustainable transmission systems. The focus is on developing lightweight and compact transmissions that reduce CO2 emissions. The Asia Pacific region, particularly China, Japan, and India, is a significant region in the global automotive transmission market. This region's growth is fueled by increased vehicle production and the adoption of new technologies. Consumers in the Asia Pacific are increasingly leaning towards fuel-efficient and low-emission vehicles, which has led to a surge in demand for advanced transmission systems.

Automotive Transmission Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Transmission Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing demand for lightweight automotive transmission systems
    • Growing proclivity for better driving experience and smooth gear shifting
    • Adoption of advanced systems such as automated manual transmission (AMT) with reduced CO2 emissions
  • Market Restraints
    • Volatility in raw material price and high cost of advanced automation transmission systems
  • Market Opportunities
    • Rising demand for electric and hybrid vehicles
    • Technological advances and adoption of CVT and DCT technologies
  • Market Challenges
    • Concerns regarding high energy required for working of the transmission system
Market Segmentation Analysis
  • Type: Increasing preference of continuous variable transmission for smooth acceleration

    Automatic transmissions allow the vehicle to change gear ratios automatically as it moves, freeing the driver from manual shifting. The technology ensures optimal performance and fuel efficiency. Continuous variable transmission offers a seamless, continuous flow of power through an unlimited range of effective gear ratios, providing a smooth driving experience. Dual clutch transmission combines the efficiency and performance of manual transmissions with the comfort of automatic systems. They utilize two separate clutches for odd and even gear sets. Manual transmission requires the driver to shift gears using a clutch pedal and a shift lever. It is the oldest type of transmission system in automotive.

  • Vehicle: Growing significance of manual and automated manual transmissions in commercial vehicles

    Commercial vehicles predominantly consist of trucks, buses, and coaches used for business and industrial purposes. The need-based preference in this segment gravitates toward durability, fuel efficiency, and adaptability to heavy loads and varying road conditions, driving demand for advanced and robust transmission systems. Passenger vehicles include cars, SUVs, and minivans focused on comfort, fuel efficiency, and driving experience. The preference within this segment is increasingly shifting towards automatic transmissions (ATs), including CVTs (Continuously Variable Transmissions) and DCTs (Dual Clutch Transmissions), for their ease of use and fuel economy benefits.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Automotive Transmission Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Automotive Transmission Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automotive Transmission Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Automotive Transmission Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Automotive Transmission Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Automotive Transmission Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Automotive Transmission Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Automotive Transmission Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Automotive Transmission Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Automotive Transmission Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

Before leveraging the Automotive Transmission Market Research Report by 360iResearch, Volkswagen faced challenges in understanding market dynamics and consumer expectations for better driving experiences and smooth gear shifting. The report provided invaluable insights and actionable strategies, helping us fine-tune our product development. The data-driven recommendations led to improved transmission systems, elevating customer satisfaction. We're exceptionally pleased with the report’s impact on our operations.
Volkswagen AG
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Transmission Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Transmission Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Allison Transmission Forms Strategic Partnership with SANY to Provide Transmissions for Mining Vehicles

    Allison Transmission has announced a groundbreaking partnership with Jing-Jin Electric (JJE), a company in propulsion systems for electric vehicles. This collaboration signifies a monumental step towards innovation and sustainability, with both companies pooling their extensive expertise and resources. The alliance is set to focus on the development and manufacturing of best-in-class electrified propulsion solutions. [Published On: 2024-01-24]

  • CenterGate Capital Announces Partnership with TransGo, Provider of Aftermarket Transmission Parts

    CenterGate Capital has made a strategic investment in TransGo, LLC, a prominent provider of aftermarket parts and kits for automatic transmissions. TransGo stands out for its engineering prowess in creating replacement valve body repair kits and related products renowned for their excellent quality, durability, and performance. [Published On: 2024-01-18]

  • ZF Group announces plans to extend the local production of transmissions and axles in Coimbatore

    ZF has unveiled its innovative 2-speed electric drive unit, strategically designed to enhance efficiency and performance in electric vehicles (EVs). This advanced transmission system, which incorporates an electric motor and a 2-speed gearbox, establishes new benchmarks in EV technology. It is expertly engineered to optimize the range of electric vehicles, thereby addressing a critical consumer concern. [Published On: 2023-12-12]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Transmission Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

As the rising demand for electric and hybrid vehicles reshaped our industry, we faced significant challenges in adaptation. The Automotive Transmission Market Research Report by 360iResearch provided invaluable insights and actionable strategies, leading us through these market changes effectively. The detailed findings highlighted key trends and competitive forces, which allowed us to make informed decisions and optimize our operations. Thanks to 360iResearch, we successfully met market demands and positioned ourselves as leaders in innovation.
General Motors Company
Key Company Profiles

The report delves into recent significant developments in the Automotive Transmission Market, highlighting leading vendors and their innovative profiles. These include Volkswagen AG, General Motors Company, BorgWarner Inc., GKN Automotive Limited by Melrose PLC, Robert Bosch GmbH, Allison Transmission, Inc., AVTEC Limited, Vitesco Tech, ZF Friedrichshafen AG, Continental AG, NSK Ltd., Oerlikon Management AG, Grupo Kuo Sab De Cv, Schaeffler AG, Iveco Group N.V., HYUNDAI TRANSYS Co., Ltd., Ford Motor Company, Magna International Inc., Valeo Group, Aisin Corporation, JATCO Ltd. by Nissan Motor Co. Ltd., Mercedes-Benz Group AG, and Eaton Corporation PLC.

Automotive Transmission Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Automotive Transmission Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Automatic Transmission
    • Continuous Variable Transmission
    • Dual Clutch Transmission
    • Manual Transmission
  • Vehicle
    • Commercial Vehicle
    • Passenger Vehicle

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

We faced significant challenges in understanding the increasing demand for lightweight automotive transmission systems before using the Automotive Transmission Market Research Report by 360iResearch. The report provided valuable insights and actionable strategies that guided us through market trends and technological advancements. Notably, it helped us optimize our production processes and align our product offerings with current market needs. The comprehensive analysis and recommendations have greatly impacted our organization's operations, and we are highly satisfied with the outcomes.
BorgWarner Inc.
This research report offers invaluable insights into various crucial aspects of the Automotive Transmission Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Transmission Market, by Type
  7. Automotive Transmission Market, by Vehicle
  8. Americas Automotive Transmission Market
  9. Asia-Pacific Automotive Transmission Market
  10. Europe, Middle East & Africa Automotive Transmission Market
  11. Competitive Landscape
  12. Competitive Portfolio
  13. List of Figures [Total: 20]
  14. List of Tables [Total: 196]
  15. List of Companies Mentioned [Total: 23]
Frequently Asked Questions
  1. How big is the Automotive Transmission Market?
    Ans. The Global Automotive Transmission Market size was estimated at USD 69.08 billion in 2023 and expected to reach USD 73.25 billion in 2024.
  2. What is the Automotive Transmission Market growth?
    Ans. The Global Automotive Transmission Market to grow USD 106.87 billion by 2030, at a CAGR of 6.43%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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