Extensive penetration of automated manual transmission technology amongst customers is estimated to drive automotive transmission market demand through 2026.
Given that automotive transmission plays a crucial role in bridging the gap between automatic and manual transmission cars, customers are able to partially enjoy both types of transmission with lesser price in comparison to automated transmission systems.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1445
According to a recent report by Global Market Insights, Inc., automotive transmission market is estimated to surpass USD 281.3 billion mark by 2026. The projected rise in revenue is chiefly attributed to various technological contributions by prominent industry players comprising Jatco Ltd., GKN PLC, Aisin Seiki Co., Allison Transmission Inc., Volkswagen Group, General Motors, and others.
Considering an instance, Kia Motors has recently detailed on intelligent manual transmission technology, emphasizing the importance of mild-hybrid systems.
The automaker has opined while the present technology drive in passenger cars casts more limelight on high-performance hybrids and EVs, mild-hybrid systems are, becoming an integral component of numerous manufacturers’ ranges and will be crucial for the said car makers in complying with the stringent fleet emissions targets.
Another industry major, ZF Friedrichshafen, has rolled out EcoLife transmission technology for benefitting fleets, buses, and coaches by providing greater fuel efficiency. ZF has already initiated trials on double-deck city buses the previous year, in which its EcoLife 6-speed automatic transmission technology delivered a nearly 16 per cent mpg saving.
Surging demand for light duty vehicles will bolster the contribution of less than 5 gears automotive transmission systems through the forecast period. This trend is majorly driven by the rising fuel and price efficiency delivered by these vehicles.
Automotive transmission systems with less than 5 gears will account for more than 50 per cent of the overall market share in 2026, cite reports.
Escalating demand for commercial vehicles is a major factor contributing to the augmentation of North America automated transmission industry over the estimated timeframe. Several regulatory authorities, in addition, have been imposing numerous regulations for the effective management of goods that are being carried in commercial vehicles.
The Federal Motor Carrier Safety Administration, for example, is the regulatory authority for the prevention of various injuries and fatalities related to vehicles, and is, therefore, responsible for the regulation of the size of goods being carried in a vehicle.
OEMs segment in the automotive transmission market is estimated to grow at a CAGR of more than 4 per cent over the estimated period. Given the low rate of transmission system replacement, OEMs accounted for nearly 98 per cent of the overall product sales in 2019, cite reports.
Request for customization @ https://www.gminsights.com/roc/1445
In essence, the automotive transmission market is set to witness commendable proceeds, driven by the introduction of automatic cars with enhanced fuel efficiency. In the short term perspective, the demand for automotive transmission systems is, however, estimated to remain quite low due to the COVID-19 pandemic.
Table of Contents (ToC) of the report:
Chapter 1. Methodology And Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
184.108.40.206. COVID_19 impact calculations on industry forecast
1.1.3. Industry insights & validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
Chapter 2. Automotive Transmission Market Summary
2.1. Automotive Transmission industry 360° synopsis, 2016 - 2026
2.1.1. Business trends
2.1.2. Transmission trends
2.1.3. Engine trends
2.1.4. Vehicle trends
2.1.5. Speed transmission/Gear trends
2.1.6. Distribution trends
2.1.7. Regional trends
Chapter 3. Automotive Transmission Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2016 – 2026
3.2.1. COVID-19 impact on industry landscape
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
220.127.116.11. Value chain disruption analysis
3.3.4. Vendor matrix
18.104.22.168. List of key manufacturers/distributors
22.214.171.124. List of key end-users
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-transmission-market