The Automotive Gearbox Market is expected to register a CAGR of 7.2% during 2023–2031. The rise in focus towards improving the efficiency of automotive gearbox for enhanced performance is likely to remain a key trend in the market.
Automotive Gearbox Market Analysis
- Driver for the automotive gearbox market are upgradation in gear shifting technologies it helps improve fuel efficiency, increase power and torque, and reduce wear and tear on your transmission, technological developments such as dual-clutch transmissions (DCTs), automated manual transmissions (AMTs), and continuously variable transmissions (CVTs) to enhance durability, performance, and fuel efficiency, increasing vehicle production, and emission standards are governmentally promulgated limits on the emission of a pollutant from a process.
- There are limits on the emission of specific gaseous, vapor, and particulate pollutants from any process and on their emission from specific processes. Growing consumer preference towards adoption of electric vehicles and light weighting are the prime opportunity for the automotive gearbox market growth.
Automotive Gearbox Market Overview
- A gearbox, also known as transmission, is a mechanical component that helps to transfer power from the engine to the wheels by using different gear ratios. It is usually located between the engine and the wheels, consisting of several gears, shafts and bearings. Growing consumer preference towards enhanced driving experience and smoother gear shifting are the prime factors support the automotive gearbox market growth. Another major factor supporting the market growth is the increasing demand for lightweight transmission systems.
- The Asia-Pacific will hold largest Automotive Gear Market, Europe is also poised to play an important role and North America is experiencing a huge push toward electric automobiles propelled by widespread adoption of advanced technologies and the dominance of major industry players.
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Automotive Gearbox Market: Strategic Insights
Automotive Gearbox Market
-
Market Size 2023
US$ XX Million
-
Market Size 2031
US$ XX Million
Market Dynamics
GROWTH DRIVERS
- Increasing sales of automobiles
FUTURE TRENDS
- The rise in focus towards improving the efficiency of automotive gearbox for enhanced performance
OPPORTUNITIES
- Technological Advancement and the Utilization of Advanced Material in the Production of Automotive Gearbox
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Manual Transmission
- Automated Manual Transmission
- Continuous Various Transmission
- Dual Clutch Transmission
- Torque Converter
Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Automotive Gearbox Market: Strategic Insights
-
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Market Dynamics
- Increasing sales of automobiles
- The rise in focus towards improving the efficiency of automotive gearbox for enhanced performance
- Technological Advancement and the Utilization of Advanced Material in the Production of Automotive Gearbox
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Manual Transmission
- Automated Manual Transmission
- Continuous Various Transmission
- Dual Clutch Transmission
- Torque Converter
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Automotive Gearbox Market Drivers and Opportunities
The Growth of the Automotive Industry Across the Globe to Favor the Market
- The automotive industry is experiencing steady growth worldwide with increasing vehicle production and sales. As the number of vehicles on the road continues to increase, there is a greater need for emissions testing and compliance. Automotive gearbox are essential tools for automobile manufacturers, service centers and regulators to ensure vehicles meet required manufacturing standards, driving demand for these components.
- As countries around the world pushed towards the rise in adoption of hybrid EVs for reducing carbon emissions and promote sustainability, production and sales of hybrid electric vehicles experienced significant growth. This expansion of the hybrid electric vehicle market created a need for advanced automotive gearbox.
Technological Advancement and the Utilization of Advanced Material in the Production of Automotive Gearbox
- The market offers opportunities for the development of lighter and higher performance materials for use in gearbox. The market growth is expected to be driven by the continued use of advanced materials in the production of gearbox, which include CFRP and graphene produced for automobile gearbox.
- The increasing demand for environmentally friendly and technologically advanced products provides the automotive gearbox industry with an opportunity to produce environmentally friendly gearbox that appeal to the consumer looking for environmentally friendly products.
Automotive Gearbox Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive gearbox market analysis are type and vehicle type.
- Based on type, the automotive gearbox market is divided into manual transmission, automated manual transmission, continuous various transmission, dual clutch transmission, and torque converter.
- On the basis of vehicle type, the market is divided into passenger cars, light commercial vehicle, heavy commercial vehicle.
Automotive Gearbox Market Share Analysis by Geography
- Automotive Gearbox Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Automotive Gearbox Market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Automotive Gearbox Market in these regions.
Automotive Gearbox Market Market Report Scope
Report Attribute
Details
Market size in 2023
US$ XX Million
Market Size by 2031
US$ XX Million
Global CAGR (2023 - 2031)
7.2%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Type - Manual Transmission
- Automated Manual Transmission
- Continuous Various Transmission
- Dual Clutch Transmission
- Torque Converter
By Vehicle Type - Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
Eaton Corporation BorgWarner Inc. Hyundai Transys Allison Transmission Inc. Jatco Ltd. American Axle & Manufacturing Holdings Inc. GKN Automotive ZF Friedrichshafen AG Aisin Seiki Co., Ltd. Magna International Inc.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2023 - 2031) | 7.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Automotive Gearbox Market News and Recent Developments
The Automotive Gearbox Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automotive Gearbox Market are listed below:
- ZF presented new e-drives for passenger cars and commercial vehicles, Friedrichshafen (Germany). ZF presented the latest generation of electric drives for passenger cars and light commercial vehicles. It sets standards through outstanding power density and energy efficiency. These include the compact design of the drives, the "discrete approach" in power electronics, and a resource-saving use of materials, which also makes the production of the drives more sustainable. (Source: ZF, Company Website, November 2022)
- Power management company Eaton today announced its Vehicle Group is developing gearing solutions for electrified vehicles (EVs). Leveraging its expertise in producing transmissions and contract manufactured gear-sets for passenger and commercial vehicles, the Vehicle Group aims to be a leader in the global design, development, and supply of EV reduction gearing. The new technology complements Eaton’s eMobility power electronics portfolio in the electrified vehicle powertrain market. (Source: Eaton Corporation, Company Website, February 2021)
Automotive Gearbox Market Report Coverage and Deliverables
The “Automotive Gearbox Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive Gearbox Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive Gearbox Market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive Gearbox Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Automotive Gearbox Market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global automotive gearbox market is expected to grow at a CAGR of 7.2% during the forecast period 2023 - 2031.
Increasing sales of automobiles is the major factors driving the Automotive Gearbox Market.
The rise in focus towards improving the efficiency of automotive gearbox for enhanced performance is the key future trend in the global automotive gearbox market in the coming years.
The leading players operating in the automotive gearbox market include Eaton Corporation, BorgWarner Inc., Hyundai Transys, Allison Transmission Inc., Jatco Ltd., American Axle & Manufacturing Holdings Inc., GKN Automotive, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., Magna International Inc., and Schaeffler AG.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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The List of Companies
1. Aisin Seiki Co Ltd
2. Allison Transmission Inc.
3. Continental AG
4. Eaton Corporation
5. Magneti Marelli S.p.A.
6. Magna International Inc.
7. Nissan Motor Co Ltd
8. PUNCH POWERTRAIN NV
9. Schaeffler AG
10. ZF Friedrichshafen AG