According
to a new market report published by Transparency Market Research
“Automotive Transmission Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021,” the automotive
transmission market was valued at US$119.7 mn in 2014, which is
expected to reach US$181.8 mn by 2021, logging a CAGR of 5.9% from
2015 to 2021.
The
automotive transmission transfers the required torque from the engine
to the drive wheels of the vehicle by changing multiple gear ratios.
The automotive transmission system uses clutch which is operated
either manually, automatically or semi automatically. This provides
optimum generation of power from engine of the vehicle. The power
transmission of the vehicle differs through different gear ratios.
Earlier, vehicles used to have 4-speed transmission, latest modern
transmission technology have 8-speed and 9-speed transmission which
enhance the comfort and fuel efficiency of the vehicle.
automotive-transmission-market
The
global automotive transmission market is segmented by geography into
North America, Europe, Asia Pacific (APAC) and Rest of the World
(RoW). In 2014, Asia Pacific accounted for the largest market share
in the global automotive transmission market. The countries such as
China and India are driving the automotive transmission market in the
region. Asia Pacific accounted 34% market share of the total global
automotive transmission market.
The
global automotive transmission market has been segmented on the basis
of transmission type into: manual and automatic. Manual transmission
accounted for the largest market share in 2014. Manual transmission
is preferred in Asia Pacific and Europe and together these two
regions account for 60% of the total market share in the global
automotive transmission market at present. Although this trend is
expected to change over the forecast period and there is a shift in
preference from manual system to automatic transmission system, this
is expected to drive the market over the forecast period.
On
the basis of fuel type, the global automotive transmission market has
been segmented into gasoline, diesel and others. Gasoline accounted
for the major market share in the global automotive transmission
market in 2014. Diesel is expected to substitute gasoline over the
forecast period and is expected to account for the maximum share of
fuel used in automotives. Other alternative source of fuel sources
such as electric and hybrid vehicles expected to rise over the
forecast period.
The
global automotive transmission market on the basis of type of vehicle
has been segmented into: passenger cars, LCV’s, ICV’s, HCV’s,
off road vehicle, construction equipment, defense vehicles and farm
tractors. Passenger cars accounted for the largest market share in
global automotive transmission market in 2014. The key players
operating in the automotive transmission market are Magna
International Inc. (Canada), Eaton Corporation (Ireland), Continental
AG (Germany), ZF Friedrichshafen (Germany), Allison Transmission
(U.S.A), BorgWarner Inc. (U.S), Aisin SEIKI Co. Ltd. (Japan), and GKN
PLC (U.K) among others.
Browse
the full Automotive Transmission Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 – 2021 report at
http://www.transparencymarketresearch.com/automotive-transmission-market.html
The
automotive transmission market has been segmented as follows:
Automotive
Transmission Market: By Transmission Type
Manual
Automatic
Automotive
Transmission Market: By Fuel Type
Gasoline
Diesel
others
Automotive
Transmission Market: By Industry Application
Passengers
Cars
LCV’s
ICV’s
HCV’s
Off
Road Vehicle
Construction
Equipment
Defense
Vehicles
Farm
Tractors
Automotive
Transmission Market: By Geography
North
America
U.S.
Canada
Mexico
Europe
United
Kingdom
Germany
France
Italy
Rest
of Europe)
Asia
Pacific
China
India
Japan
Taiwan
South
Korea
Rest
of Asia Pacific
Rest
of the World
South
America
Middle
East
Africa
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a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=6958
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