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Automotive Transmission Market in North America to exhibit substantial growth over the projected period

Author : Ronak Bora | Published Date : 2019-03-26 

The trend in North America and Europe automotive transmission market size shows the consumers’ increasing approach towards energy efficient as well as comfortable vehicles. Asia Pacific has become the largest regional industry for alternative fuel passenger cars due to rapid industrialization and growth of the automobile industry, with Japan and China being the leaders in this region. This trend is observed due to tax breaks, and incentives to the participants in the industry. The automotive production is concentrated among countries like Japan, China, South Korea and India.

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The automotive transmission market is driven by a blend of various transmission technologies such as Dual Clutch transmission (DCT), Automatic Manual transmission (AMT), Automatic Transmission (AT), and Continuous Variable Transmission (CVT). DCT and CVT possess higher market potential owing to fuel efficiency. The DCT and CVT transmission system integration present higher installation cost to OEMs than conventional alternatives. The passenger car segment is still not introduced with these systems.

Based on type of fuel used, the industry is divided into gasoline and diesel based transmission units. Though the industry is gradually advancing towards electrification of vehicle fleet, the internal combustion engine is expected to be the mainstay of the automotive during the forecast timeline. Higher number of gears are adopted by OEMs to get better fuel efficiency than that of a six-speed transmission. The new technological trend in market in n-speed automatic systems where “n” is the number of forward gears. Based on vehicle type, the automotive transmission market share is divided into passenger cars, LCV, HCV and electric vehicles.

The growth drivers for the automotive transmission market size are growing demand for automatic transmission which provides light weight, fuel efficient and comfortable driving experience in exploding traffic congestion situations in growing cities. Also, increasing spending capacity of middle class population in developing countries, stringent regulations for controlling fuel emission, increasing demand of electric vehicles encouraging electrification of transmission systems are transforming the industry growth. Higher cost of installing technically advanced systems and limited use of high end technology is restricting the sales.

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Based on transmission type, the industry is classified into manual and automatic. Automatic transmission market share is forecast to witness growth in the future owing to its ease of use in heavy traffic areas and fuel efficiency in vehicles.

The automotive transmission market is required to abide by the emission and environmental regulations. Some research institutes governing the regulations related to the automotive transmission market are Society of Indian Automobile Manufacturers (SIAM), Environmental Protection Agency (EPA), China Association of Automobile Manufacturers (CAAM), European Automobile Manufacturers Association (EAMA) and International Council on Clean Transportation (ICCT). Increased fuel efficiency through proper design as well as programmed and tuned transmission systems will help the OEMs to meet the strict environmental norms of various countries.

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The automotive transmission market share is dominated by international and local players like Aisin Seiki Co., Getrag Corporate Group, ZF Friedrichshafen AG, and Magna Powertrain, Jatco Ltd., Eaton Corporation, GKN PLC, Allison Transmission Inc., BorgWarner Inc. Continental AG, General Motors, Hyundai, Volkswagen, Xtrac Limited, Honda, Fuji Heavy Electricals Limited, etc.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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