Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Automotive Transmission Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Automotive Transmission Systems Market to Reach $223.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Automotive Transmission Systems estimated at US$155.5 Billion in the year 2022, is projected to reach a revised size of US$223.8 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030.
Manual Transmission, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$125.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Automatic Transmission segment is readjusted to a revised 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $42.4 Billion, While China is Forecast to Grow at 7.9% CAGR
The Automotive Transmission Systems market in the U.S. is estimated at US$42.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$48 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.2 Billion by the year 2030.
Select Competitors (Total 13 Featured) -
- Aisin Seiki Co. Ltd.
- BorgWarner Inc.
- Eaton Corporation plc
- FPT Industrial S.p.A.
- General Motors Company
- Getrag B.V
- Groupe Renault
- Honda Transmission Manufacturing of America Inc.
- Hyundai Motor Company
- JATCO Ltd.
- Magna International Inc
- Oerlikon Graziano
- Ricardo Plc
- Shaanxi Fast Auto Drive Group Company
- Subaru Corporation
- TREMEC
- Volkswagen Aktiengesellschaft
- Xtrac Limited
- ZF Friedrichshafen AG
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 259 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $155.5 Billion |
| Forecasted Market Value (USD) by 2030 | $223.8 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Transmission Systems: Powering the Propulsive System & Moving the Automotive Industry Forward
- Recent Market Activity
- Impact of Economic Upheavals in the Recent Past: A Retrospective Review
- Developing Countries Spearhead Current and Future Market Growth
- Market Outlook
- Asia-Pacific: The Fastest Growing Market for Automotive Transmission Systems
- DCT Market Poised for Impressive Growth
- Automotive Transmission Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
- Aisin Seiki Co., Ltd. (Japan)
- BorgWarner, Inc. (USA)
- Eaton Corporation Plc (Ireland)
- FPT Industrial S.p.A. (Italy)
- General Motors Company (USA)
- Groupe Renault (France)
- Honda Transmission Manufacturing of America, Inc. (USA)
- Hyundai Motor Company (Korea)
- JATCO Ltd. (Japan)
- Magna International, Inc. (Canada)
- GETRAG B.V. (Germany)
- Oerlikon Graziano (Italy)
- Ricardo Plc (UK)
- Shaanxi Fast Auto Drive Group Company (China)
- Subaru Corporation (Japan)
- TREMEC (USA)
- Volkswagen Aktiengesellschaft (Germany)
- Xtrac Limited (UK)
- ZF Friedrichshafen AG (Germany)
3. MARKET TRENDS & DRIVERS
- Asia to Emerge into the Largest Production Hub for Transmission Systems
- Ease of Gear Changing On Congested Roads Drives the Shift towards Automatic Transmission Systems
- Regulatory Pressure to Improve Fuel Economy Spurs Demand for High-Speed Transmission Systems
- The Gear Count Marches on
- Spiraling Focus on Hybrid Electric Vehicles Paves the Way for Electrification of Transmission Systems
- Developments in Automotive Electronics Drives Improvements in Electronic Transmissions
- Focus on Fuel Efficiency Drives Demand for Lightweight Transmission Systems
- CVT Technology Makes a Determined Comeback
- Automatic Vis-a-Vis Manual Transmissions
- Performance
- Pricing and Maintenance Cost
- Fuel Economy
- Key Technology Trends in Automotive Transmissions Market
- Technology Developments to Benefit the Market
- Technische Universitat Munchen Develops Lightweight Torque Vectoring Transmission
- Researchers Develop Advanced Gearbox to Eliminate Need for Clutches
- Supporting Technologies Help Improve Transmission Efficiencies
- Innovation in Transmission Components Surges High
- STable Automobile Production Fuels Growth Opportunities
- Expanding Middle Class Population in Developing Countries Provides the Right Climate for Broad Based Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/15hthd
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