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Global automotive transmission market is driven by growing automobile production across the globe

automotive transmission market

The global automotive transmission market revenue is expected to expand at a lucrative CAGR over the forecast period. Rising production of passenger cars owing to changing living standards of users is expected to drive revenue growth of global automotive transmission market.

The global automotive transmission market report has been segmented on the basis of transmission type, transmission fuel, vehicle type, and region.

On the basis of transmission type, the global market has been segmented into manual transmission and automatic transmission. The automated transmission segment is expected to account major revenue share in the global automotive transmission market. Growing disposable income of people coupled with changing consumer preferences is expected to support revenue growth of this segment over the forecast period.

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On the basis of transmission fuel, the global automotive transmission market has been segmented into gasoline, diesel, and others. The diesel segment is expected to grow at a steady rate over the forecast period.

On the basis of vehicle type, the global market has been segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The heavy commercial segment is expected to grow at a higher rate over the forecast period. Growing demand for heavy commercial vehicles in developed economies such as the US, Germany, and Canada owing to the growing transport industry is expected to support revenue growth of this segment.

On the basis of region, the global automotive transmission market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The automotive transmission market in Europe is expected to grow at a steady rate over the forecast period. Growing demand for the automatic transmission system in the region is expected to support revenue growth of the market in Europe.

Key players operating in the global automotive transmission market include AISIN SEIKI Co., Ltd., ZF Friedrichshafen AG, Allison Transmission Inc., Borgwarner Inc., Magna International Inc., Continental AG, Eaton Corporation plc, Jatco Ltd., and General Motors Company.

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