Automotive Transmission Systems Market Dynamics by 2031
The automotive transmission systems market is expected to register a CAGR of 6.2% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles is likely to remain a key trend in the market.
Automotive Transmission Systems Market Analysis
- The increasing demand for fuel-efficient transmission systems drives the global automotive transmission systems market.
- However, the complexity and weight of transmission systenms impede market expansion. The growing adoption of automated driving systems in place of mechanical provides a significant opportunity for market growth.
- In addition to serving the obvious function of transmitting power from an engine to the wheels, an automobile's transmission system offers numerous benefits. Earlier, the market witnessed an increase in the demand for automobiles with manual transmissions, particularly in developing nations where traffic jams and crowded streets are regular.
Automotive Transmission Systems Market Overview
- Automated manual transmissions reduce fuel consumption of the vehicle because of the feature of powerful engine braking and easy control over an infinite number of gears.
- This gearbox comprises multiple parts, including the transmission pump, the input shaft, the computer control, and the hydraulic system.
- Growing demand for fuel-efficient transmissions is the main factor driving the growth of automotive transmission systems.
- Increasing preferences for comfort level, vehicle performance, and driver experience in terms of gear shifting and better acceleration are some of the factors driving the growth of automated manual transmissions which is anticipated to have a positive impact on the automative transmission systems market.
- The primary factors that could restrain the market are the limited application of automatic transmission and the growing expense of such transmissions.
- Additionally, manufacturers' growing emphasis on lightweight and highly efficient materials combined with the incorporation of AI and machine learning into automotive transmission systems is anticipated to generate growth opportunities in the market.
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Automotive Transmission Systems Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Transmission Systems Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Automotive Transmission Systems Market Drivers and Opportunities
Increasing Government Regulation and Demand for Lightweight Automotive Manual Transmission Systems to Favor the Market
- Government regulations related to safety, low carbon emissions, and lightweight vehicles are pressuring original equipment manufacturers (OEMs) to manufacture parts that contribute to the vehicle's overall weight loss.
- The use of lightweight materials in transmission components, such as aluminum, high-strength steel and magnesium composites, offers significant weight reductions without sacrificing strength and durability technologically.
- Additionally, complicated, lightweight transmission parts with optimized designs can be produced due to additive manufacturing techniques like 3D printing. Additional weight reduction is achieved through improved gear designs and transmission architecture.
- Lightweight transmissions are economical and have many advantages. Reducing CO2 emissions, lowering consumer operating expenditure, and enhancing fuel efficiency are some of the prime advantages of the manual transmission system.
- Furthermore, the market is becoming more diverse as an outcome of the rising demand for hybrid and electric vehicles, which is driving up demand for lightweight transmissions made specifically for these powertrains.
Growing adoption of Manual transmissions
- Urbanization, rising disposable income in developing markets, and technological advancements improving fuel efficiency and performance are driving a significant shift in the automotive industry's growth toward transmissions.
- The demand for automotive manual transmission systems is further accelerated by laws that support lighter, more fuel-efficient cars and the combination of electric and hybrid drivetrains.
- Furthermore, government incentives, environmental concerns, and the possibility of significant fuel savings and performance gains are driving the growing adoption of hybrid drives, which offer significant growth opportunities.
- The automotive industry is expected to undergo revolutionary growth in the future due to growing infrastructure, emerging markets, and the potential for manual labor.
Automotive Transmission Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive transmission systems market analysis are type, fuel, components and vehicle class.
- Based on type, the automotive transmission systems market is divided into Dual-clutch Transmission (DST), Direct Shift Gearbox (DSG) Automated Manual Transmission, Tiptronic Transmission, CVT, Automatic, Manual.
- Based on fuel, the automotive transmission systems market is divided into Gasoline, Diesel, Hybrid.
- Based on vehicle class, the automotive transmission systems market is divided into passenger vehicles, LCVs, HCVs and off-road.
Automotive Transmission Systems Market Share Analysis by Geography
- The automotive transmission systems 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 & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive transmission systems 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 transmission systems market in these regions.
Automotive Transmission Systems Market Report Scope
Automotive Transmission Systems Market News and Recent Developments
The automotive transmission systems 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 transmission systems market are listed below:
- ZF Presents EcoLife CoachLine Transmission System. ZF’s Commercial Vehicle Solutions (CVS) division has set a new industry benchmark in coach transmission system performance and efficiency with the unveiling of EcoLife CoachLine. The second generation of its proven six-speed automatic transmission, EcoLife CoachLine is suitable for coach applications, whether operating in a city, inter-city or even a challenging, steep mountain track. It offers advantages for customers, including outstanding passenger comfort and significant fuel savings of up to three percent compared to the previous generation. (Source: ZF Friedrichshafen AG, Company Website, May 2022)
Automotive Transmission Systems Market Report Coverage and Deliverables
The “Automotive Transmission Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive transmission systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive transmission systems market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive transmission systems 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 in the automotive transmission systems market
- Detailed company profiles
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.
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The leading players operating in the automotive transmission systems market are ZF Friedrichshafen AG, Continental AG, Magna International Inc., Borgwarner Inc., Nissan Motor Corporation, Eaton Corporation PLC, Allison Transmission Inc., Aisin Seiki Co., Ltd., BorgWarner Inc., and Allison Transmission Inc.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive transmission systems market in the coming years.
The global automotive transmission systems market is expected to grow at a CAGR of 6.2% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the automotive transmission systems market.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Automotive Transmission System Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Automotive Transmission System Market - By Type
3.2.2 Automotive Transmission System Market - By Fuel
3.2.3 Automotive Transmission System Market - By Vehicle Class
3.2.4 Automotive Transmission System Market - By Region
3.2.4.1 Automotive Transmission System Market- By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Automotive Transmission System Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Automotive Transmission System Market Analysis- Global
5.1 Global Automotive Transmission System Market Overview
5.2 Global Automotive Transmission System market forecast and analysis
6 Automotive Transmission System Market Revenue and Forecasts to 2028 - Type
6.1 Overview
6.2 Type market forecast and analysis
6.3 Dual-Clutch Transmission (DCT) Manual Market
6.3.1 Overview
6.3.2 DCT Manual forecast and analysis
6.4 AMT Market
6.4.1 Overview
6.4.2 AMT market forecast and analysis
6.5 Direct Shift Gearbox (DSG) Market
6.5.1 Overview
6.5.2 DSG market forecast and analysis
6.6 Tiptronic Transmission Market
6.6.1 Overview
6.6.2 Tiptronic Transmission market forecast and analysis
6.7 CVT Market
6.7.1 Overview
6.7.2 CVT market forecast and analysis
6.8 Automatic Market
6.8.1 Overview
6.8.2 Automatic market forecast and analysis
6.9 Manual Market
6.9.1 Overview
6.9.2 Manual market forecast and analysis
7 Automotive Transmission System Market Revenue and Forecasts to 2028 - Fuel
7.1 Overview
7.2 Fuel market forecast and analysis
7.3 Gasoline Market
7.3.1 Overview
7.3.2 Gasoline Market Forecast and Analysis
7.4 Diesel Market
7.4.1 Overview
7.4.2 Diesel Market Forecast and Analysis
7.5 Hybrid Market
7.5.1 Overview
7.5.2 Hybrid market forecast and analysis
8 Automotive Transmission System Market Revenue and Forecasts to 2028 -Vehicle Class
8.1 Overview
8.2 Vehicle Class market forecast and analysis
8.3 Passenger Car Market
8.3.1 Overview
8.3.2 Passenger Car Market Forecast and Analysis
8.4 LCV Market
8.4.1 Overview
8.4.2 LCV Market Forecast and Analysis
8.5 HCV Market
8.5.1 Overview
8.5.2 HCV market forecast and analysis
8.6 Off-road Market
8.6.1 Overview
8.6.2 Off-road market forecast and analysis
9 Automotive Transmission System Market Revenue and Forecasts to 2028 - Geographical Analysis
9.1 North America
9.1.1 North America Automotive Transmission System Market Overview
9.1.2 North America Automotive Transmission System Market Forecast and Analysis
9.1.2.1 North America Market Forecast and Analysis - By Countries
9.1.2.1.1 US market
9.1.2.1.2 Canada market
9.1.2.1.3 Mexico market
9.1.2.2 North America Market Forecast and Analysis - By Type
9.1.2.3 North America Market Forecast and Analysis - By Fuel
9.1.2.4 North America Market Forecast and Analysis - By Vehicle Class
9.2 Europe
9.2.1 Europe Automotive Transmission System Market Overview
9.2.2 Europe Automotive Transmission System market forecast and analysis
9.2.2.1 Europe Market Forecast and Analysis - By Countries
9.2.2.1.1 France market
9.2.2.1.2 Germany market
9.2.2.1.3 Italy market
9.2.2.1.4 Spain market
9.2.2.1.5 UK market
9.2.2.2 Europe Market Forecast and Analysis - By Type
9.2.2.3 Europe Market Forecast and Analysis - By Fuel
9.2.2.4 Europe Market Forecast and Analysis - By Vehicle Class
9.3 Asia pacific (APAC)
9.3.1 Asia Pacific Automotive Transmission System Market Overview
9.3.2 Asia Pacific Automotive Transmission System market forecast and analysis
9.3.2.1 Asia Pacific Market Forecast and Analysis - By Countries
9.3.2.1.1 Australia market
9.3.2.1.2 China market
9.3.2.1.3 India market
9.3.2.1.4 Japan market
9.3.2.2 Asia Pacific Market Forecast and Analysis - By Type
9.3.2.3 Asia Pacific Market Forecast and Analysis - By Fuel
9.3.2.4 Asia Pacific Market Forecast and Analysis - By Vehicle Class
9.4 Middle East and Africa (MEA)
9.4.1 Middle East and Africa Automotive Transmission System Market Overview
9.4.2 Middle East and Africa Automotive Transmission System market forecast and analysis
9.4.2.1 Middle East and Africa Market Forecast and Analysis - By Countries
9.4.2.1.1 South Africa market
9.4.2.1.2 Saudi Arabia market
9.4.2.1.3 UAE market
9.4.2.2 Middle East and Africa Market Forecast and Analysis - By Type
9.4.2.3 Middle East and Africa Market Forecast and Analysis - By Fuel
9.4.2.4 Middle East and Africa Market Forecast and Analysis - By Vehicle Class
9.5 South America (SAM)
9.5.1 South America Automotive Transmission System Market Overview
9.5.2 South America Automotive Transmission System market forecast and analysis
9.5.2.1 South America Market Forecast and Analysis - By Countries
9.5.2.1.1 Brazil market
9.5.2.2 South America Market Forecast and Analysis - By Type
9.5.2.3 South America Market Forecast and Analysis - By Fuel
9.5.2.4 South America Market Forecast and Analysis - By Vehicle Class
10 Industry Landscape
10.1 Mergers & acquisitions
10.2 Market Initiatives
10.3 New developments
10.4 Investment scenarios
11 Competitive Landscape
11.1 Competitive Product mapping
11.2 Market Positioning/ Market Share
12 Automotive Transmission System Market, Key Company Profiles
12.1 Continental AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ZF Friedrichshafen AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Magna International (Getrag)
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Aisin Seiki Co. Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Eaton Corporation PLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Schaeffler AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Borgwarner, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Jatco (Nissan Motor Corp.)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Allison Transmission, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 GKN PLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Research Methodology
The List of Companies
1. Continental AG
2. ZF Friedrichshafen AG
3. Magna International (Getrag)
4. Aisin Seiki Co. Ltd.
5. Eaton Corporation PLC
6. Schaeffler AG
7. Borgwarner, Inc.
8. Jatco (Nissan Motor Corp.)
9. Allison Transmission Inc.
10. GKN PLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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