Market Scenario
The high shelf shifting potential offered by automobile transmission can prompt the expansion of the automobile automatic transmission system market 2022, reveals Market Research Future (MFRF). The high efficacy of process of the transmission of power from the engine across the wheels, automatically by the change in gear ratios can add a competitive advantage to the automotive automatic transmission system world market. With the assistance of automotive automatic transmission system, a vehicle can move from one point to another without the requirement for shifting of gears manually.
The slashing in manual labor and increase in the convenience of operations can act as strong boosters for the rise of the automotive automatic transmission system market. An internal combustion engine is used to cause rotation of automatic automotive transmission system at high RPM can support the rise of the automatic transmission system worldwide market.
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The variation in speed range and different torque outputs are beneficial in case where vehicles move in heavy traffic condition. The rise in world population and increase in traffic congestion can support the growth of the automotive automatic transmission market. Across 2017 to 2023, the global automotive automatic transmission system market can expand at 6% CAGR.
Key Players
Some notable players in the global automotive automatic transmission system market are mentioned in the report published by MRFR. They are; Aisin Seiki Co., Ltd. (Japan), Allison Transmission (U.S.), Magna International Inc. (Canada), JATCO Ltd. (Japan), GKN PLC (U.K.), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.), Continental AG (Germany), GETRAG (Germany), and Eaton Corporation PLC (Republic of Ireland) among other major players in the market.
Market Segmentation
The segment study of the global automatic transmission market aids investors in getting enhanced understanding about the market. It also offers insight on growth prospects of the market. Type, fuel, and vehicle type are parameters on which the automotive automatic transmission system market segment study is based.
The type based, automotive automatic transmission system market segments are Dual-Clutch transmission (DCT), Automated Manual Transmission (AMT), and Continuously Variable Transmission (CVT). The vehicle type based, automotive automatic transmission system market are HCV, Passenger Car, and LCV. The fuel type based, automotive automatic transmission system are diesel, gasoline, and hybrid.
Regional Analysis
In Asia Pacific region, automotive automatic transmission system market is anticipated to rise at the highest rate owing to rise in the need for gear shift systems and automated clutch in commercial vehicles. Gear shift and automated clutch assist in the reduction of accidents and aids in making ride comfortable and safe. The increase in the demand for automated transmission system can prompt the market in the years to come.
In North America, the automotive automatic transmission system is rapidly replacing manual transmission system, as torque interruption while changing of gear is accurate in the prior. Dual clutch transmission that provides two clutch inputs offers smooth and comfortable ride, which is also an important replacement to traditional solutions. The comfort ride offered by these vehicle can impel the rise of the automatic transmission market in the near future.
In Europe, the automotive automatic transmission system market can rise due to the support of the government to imposed major regulations to curb high vehicular CO2 emission from vehicles. Automobiles that emit high CO2 are to be penalized with high taxation and high cost of fuel that can result in having negative impact on the environment, thus result in the adoption of automatic automotive transmission system across the assessment period. The increase in utility of such system can bolster the market rise in Europe.
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Mechanics and technologies associated with gear shifting which is used in fuel transmission is a vital component of vehicles.
Arrivals of different types of vehicles like electric vehicles and hybrid vehicles encourage the vehicle owners to adopt automatic transmissions and shift their focus from manual.
Such properties are responsible for growth in demand in global market.
Automotive automatic transmissions facilitate enhances the drivability of vehicles by reducing dependency of driver.Latest Fact.MR report predicts the global market for automotive automatic transmission to grow at 8.8% CAGR in the period 2017-2026.
19,200,000 units is the expected sale volume which will be attained by the end of the year 2026.The global automotive automatic transmission market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.
With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each automotive automatic transmission market player in a comprehensive way.
Automotive Automatic Transmission Market:Growth opportunities in the Automotive Automatic Transmission Market look promising over the next six years.
This is mainly due to the intensifying urban population, continuous arrangement of leading enterprises to support the development of these systems, and increasing per-capita income.Request for a FREE Sample Report on Automotive Automatic Transmission MarketAutomotive Automatic Transmission Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)Key DriversSwift urbanization, accelerating disposable income of the middle-class population, augmenting sales of mechanized electronic cars, and the availability of medium-range cars with automated transmission systems are some of the crucial drivers contributing to the growth of the global automotive automatic transmission market.
In addition, enormous organizations such as Automatic Transmission Rebuilders Association (ATRA), Environmental Protection Agency (EPA), and International Council on Clean Transportation (ICCT) offer constant support, resources, and expansion in the field of unmanned transference in automotive.
However, excessive maintenance costs of these systems, insufficient awareness about the benefits, and complicated testing will hamper the market growth.
Moreover, the widespread outbreak of the coronavirus pandemic has further disturbed the supply chain and production processes of vehicles will curb the automotive transmission market size.Fuel Type Segment DriversBased on fuel type, electric cars are projected to grow at a higher CAGR over the forecast period.
Moreover, according to the International Energy Agency (IEA), in 2019, electric cars recorded 2.1 million sales with a 40% year-on-year increase and gauged for 2.6% of the global car sales.
Automotive Automatic Transmission Market:Growth opportunities in the Automotive Automatic Transmission Market look promising over the next six years.
This is mainly due to the intensifying urban population, continuous arrangement of leading enterprises to support the development of these systems, and increasing per-capita income.Automotive Automatic Transmission Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)Key DriversSwift urbanization, accelerating disposable income of the middle-class population, augmenting sales of mechanized electronic cars, and the availability of medium-range cars with automated transmission systems are some of the crucial drivers contributing to the growth of the global automotive automatic transmission market.
This factor is forecasted to bring enormous growth opportunities for the market.
However, excessive maintenance costs of these systems, insufficient awareness about the benefits, and complicated testing will hamper the market growth.
Moreover, the widespread outbreak of the coronavirus pandemic has further disturbed the supply chain and production processes of vehicles will curb the automotive transmission market size.Fuel Type Segment DriversBased on fuel type, electric cars are projected to grow at a higher CAGR over the forecast period.
Moreover, according to the International Energy Agency (IEA), in 2019, electric cars recorded 2.1 million sales with a 40% year-on-year increase and gauged for 2.6% of the global car sales.
Fact.MR is a leading market research entity that, with its primary and secondary research mechanisms can bring a tectonic shift in the growth rate of the Automotive Automatic Transmission market.
Fact.MR leads the way of your business toward success through the help of exceptional market leaders and experts having diverse experience in the Automotive Automatic Transmission market.
A punctilious analysis of the various parameters of the Automotive Automatic Transmission market across the forecast period of 2017-2026 assists the market stakeholder to design growth strategies accordingly.
These unprecedented times may have hit a dent in the growth prospects of the Automotive Automatic Transmission market but as the old saying goes, ‘Where there is a will, there is a way!’ Fact.MR believes in this thought and strives to be of great use to the various players for generating growth in the Automotive Automatic Transmission market through its state-of-the-art research reports.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=475According to the scrutinous analysis of the Automotive Automatic Transmission market by Fact.MR analysts, the global Automotive Automatic Transmission market is anticipated to expand at a CAGR of 8.2% throughout the forecast period.
The commendable research and development initiatives led by the key players of the Automotive Automatic Transmission market will assure notable growth opportunities.
