Automotive Automatic Transmission Market is Projected to Reach US$ 122.81 Billion at a CAGR of 3.6% by 2034 | Fact.MR Report

Government Regulations Promoting Use of Automatic Transmissions with Hybrid and Electric Drivetrains


Rockville, MD, Sept. 04, 2024 (GLOBE NEWSWIRE) -- According to a recently updated report by Fact.MR, the global automotive automatic transmission market is projected to reach a size of US$ 76.11 billion in 2024 and further expand at a CAGR of 3.6% between 2024 and 2034.

Automatic transmissions have been there for ages but have become more popular in the automotive industry of late as a result of advances in technology that have improved their performance and fuel efficiency. Government policies encouraging lighter, more fuel-efficient vehicles and the use of automatic transmissions with hybrid and electric drivetrains are serving to further accelerate this market trend. Increasing use of hybrid drives presents many opportunities due to government incentives, environmental concerns, and the potential for significant fuel savings and performance improvements.

The auto industry has a promising future due to emerging markets and possible synergies between automated transmissions and autonomous driving systems. Over the next ten years, the market is expected to be driven by increasing adoption of Dual Clutch Transmission (DCT) and Continuously Variable Transmission (CVT) technologies over manual variants as a result of a shift in consumer demand for more performance-oriented, fuel-efficient vehicles.

For More Insights into the Market, Request a Sample of this Report: 
https://www.factmr.com/connectus/sample?flag=S&rep_id=475

Key Takeaways from the Market Study:

  • The global market for automotive automatic transmissions is projected to expand at a CAGR of 3.6% through 2034.
  • The market has been forecasted to reach a value of US$ 122.81 billion by 2034.
  • The United States is forecasted to reach a market value of US$ 17 billion in 2024.
  • China is set to occupy a market share of 55.6% in the East Asia market in 2024.
  • Revenue from automotive automatic transmissions in Japan is estimated to reach US$ 6.71 billion in 2024.
  • The market in North America is forecasted to expand at a CAGR of 6% from 2024 to 2034.

“The United States will be one of the leading markets for automatic transmission vehicles over the next ten years,” says a Fact.MR analyst.

Leading Players Driving Innovation in Automotive Automatic Transmission Market: 

Honda Motor Co., Ltd.; Generac Holdings Inc.; Yamaha Motor Co. Ltd.; Hyundai Motor Company; Champion Power Equipment Inc.; Wuxi Kipor Power Co. Ltd.; Toshiba Corporation; Lifan Industry (Group) Co., Ltd; Briggs & Stratton Corporation; Subaru Corporation; Ryobi Limited; Aisin Corporation; ZF Friedrichshafen AG; Magna Iternational Inc.; JATCO Ltd.; Borgwarner Inc.; Eaton Corporation; Allison Transmissions; Vitesco Technologies; Schaeffler AG; GKN Automotive.

Rising Vehicle Sales Complementing Automatic Transmission Market Expansion:

Due to the rising demand for passenger cars in both developed and developing countries, the passenger car segment is expected to hold a significant market share for automotive transmissions. The market is expected to exhibit robust growth in both the light and heavy commercial vehicle segments because of the increasing urban vehicle demand, which will drive up transportation, mining, and logistics activities, and invariably complement the target market growth.

Automotive Automatic Transmission Industry News:

  • Yamaha Motor Co., Ltd. declared in April 2021 that it had created an electric motor that achieved the highest class in output density for the industry. The intended application for this unit is in hyper-EV models and other high-output mobility products.
  • Magna started manufacturing a new 7-speed, mild hybrid dual-clutch transverse transmission for the BMW Group in May 2022. Magna is the sole provider of mild hybrid transmissions for all front-transverse applications on the BMW Group platform. The CO2 emissions from an internal combustion engine are significantly reduced by this mild hybrid gearbox technology.

Get Customization on this Report for Specific Research Solutions: 
https://www.factmr.com/connectus/sample?flag=S&rep_id=475

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the automotive automatic transmission market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges the automotive automatic transmission market based on type (automatic transmission/torque converter, automatic manual transmission, continuous variable transmission, dual-clutch transmission), fuel type (gasoline [petrol], diesel, hybrid), vehicle type (passenger vehicles, commercial vehicles), and sales channel (OEMs, aftermarket), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

Checkout More Related Studies Published by Fact.MR Research: 

The global automotive transmission system market size reached US$ 40.83 billion in 2022, according to the latest market study by Fact.MR. Over the projection period (2023 to 2033), worldwide sales of automotive transmission systems are predicted to rise at 6.3% CAGR and climb to US$ 79.95 billion by 2033-end.

The global mechanical power transmission market is valued at around US$ 65.25 billion in 2022 and is projected to increase at a CAGR of 5.2% to attain a market valuation of US$ 108.3 billion by 2032.

The global commercial vehicle transmission market is valued at US$ 25.8 billion in 2023 and is forecasted to reach US$ 42.5 billion by 2033, expanding at a CAGR of 5.1% from 2023 to 2033.

The global gas insulated transmission line market size is estimated to attain at US$ 534.1 million in 2024. During the forecast period, 2024 to 2034, the market is projected to grow with a 4.6% CAGR by 2034, and is expected to reach a valuation of US$ 839.0 million.

The global automotive transmission oil filter market is estimated at US$ 2.67 billion in 2024, as per a new study published by Fact.MR. Sales of transmission oil filters are projected to increase at 4.5% CAGR and reach US$ 4.12 billion by the end of 2034.

About Us: 

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.  

Contact:  
11140 Rockville Pike  
Suite 400  
Rockville, MD 20852  
United States  
Tel: +1 (628) 251-1583  
Sales Team: sales@factmr.com   
Follow Us:LinkedIn | Twitter | Blog