Global Automotive Transmission Pump Market Is Estimated To Witness High Growth Owing To Rising Demand for Automatic Transmission Systems and Technological Advancements

The global automotive transmission market is largely consolidated in terms of its vendor landscape, partly owing to the presence of few manufacturers that solely operate in the field and the preference of several leading auto-makers to in-house manufacturing of transmission systems in collaboration with some tier-I companies, observes Research Report Insights in a recent report.This has led to a scenario wherein other transmission system manufacturers are left with very little scope of expansion.

Some of the leading players in the market are Eaton Corporation, Continental AG, Allison Transmission, ZF Friedrichshafen AG, Borg Warner, Magana International Inc., JATCO, and Aisin Seiki.According to the report, the global automotive transmission market was valued at US$30020 Mn in 2016 and is projected to rise to US$53.2 Bn by 2025, registering a CAGR of 6.6%  2025 EndRequest For Report Sample: https://www.researchreportinsights.com/report/sample/110114571/Automotive-Transmission-MarketManual Transmission Continues to Remain Most Preferred Owing to Low CostIn terms of the type of transmission chiefly used in automobiles, namely manual and automatic, the segment of manual transmission is presently the clear leader.

Low cost of vehicles with manual transmission, well-established market for manual transmission vehicles, and lack of awareness among consumers regarding the vast benefits of automatic transmission have worked in favor of the manual transmission segment so far.Geographically, the rising uptake of passenger vehicles across emerging economies such as India and China, the market for automotive transmission in Asia Pacific is likely to emerge as the most lucrative one.

The market in North America is also expected to exhibit a promising pace of expansion owing to the demand for vehicles with advanced transmission systems.Rising Focus on Achieving Improved Fuel Economy Drives Major Developments in MarketWhile the continuous rise in demand for passenger vehicles across emerging economies forms the central factor driving the steady expansion of the market, a number of factors are also leading to vast changes in the way the market is developing.

Moreover, automobile manufacturers are also continuously undertaking research efforts to improve vehicle performance so as to reduce transmission power response time and meet carbon emission norms.The scenario has resulted in the development of technologically advanced products such as continuous variable transmission (CVTs), 9-speed automatic transmission, and dual shafts gearboxes (DSG).

The increased demand for automatic transmission in entry-level vehicles, especially across emerging economies such as India, Brazil, and Mexico owing to the added convenience and comfort offered by automatic transmission, is also working in favor of the market.Lack of Awareness Regarding Benefits of Automatic Transmission Continues Limit GrowthThe market struggles to exploit its full potential across regional markets that feature consumer that lack the awareness regarding the vast benefits of advanced transmission systems and are highly sensitive regarding the cost of advanced vehicles.

Automotive Transmission Market by Type (Automatic, Manual, AMT, DCT, CVT), Vehicle type (Passenger Car, LCV, HCV, & Electric Vehicle), Number of Forward Gears, Fuel, & Region (Asia-Pacific, North America, Europe, RoW) - Global Forecast to 2021.

Download our free PDF Brochure and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1063 In the research methodology, various secondary sources has been used such as Society of Indian Automobile Manufacturers (SIAM), China Association of Automobile Manufacturers (CAAM), Environmental Protection Agency (EPA), International Council on Clean Transportation (ICCT) and European Automobile Manufacturers Association (EAMA).

Interviews have been conducted with experts from related industries and suppliers to understand the future trends of the automotive transmission marketBrowse and in-depth TOC on Automotive Transmission Market 84 - Tables69 - Figures          167 – Pages Request for free Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1063Target AudienceAutomotive OEMsAutomotive transmission suppliersAutomotive transmission manufacturers associationsAutomotive transmission distributorsThe automatic transmission (AT) market, in terms of value, is estimated to grow at the highest CAGR during the forecast period.

In developed regions such as Europe and North America, scooters and motorcycles are mainly used for recreational purposes they are cheap to buy, easy to operate and convenient to park.Request for sample:https://www.marketsandmarkets.com/requestsampleNew.asp?id=1063The favorable macroeconomic factors in the Asia-Pacific, like cheap labor, government incentives for the manufacturing industry and large local market have ensured that this region accounts for the largest share of the global transmission market.

It consists of countries such as China, India, Japan, and South Korea where a majority of the automotive production is concentrated.

Automotive Transmission Market Key Players Aisin Seiki Co. (Japan),ZF Friedrichshafen AG (Germany),Getrag Corporate Group (Germany),Jatco Ltd. (Japan),Magna Powertrain (U.S.).

In a recent business intelligence study, FactMR presents the nitty-gritty of the global automoitve automatic transmission market considering 2012-2016 as the historic year and 2017–2026 as the stipulated time frame.

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Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.The automoitve automatic transmission market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions.

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Prominent players covered in this research are 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 and many more.To Get a Sample Copy of this Report, Visit here - https://www.factmr.com/connectus/sample?flag=S_id=475The automoitve automatic transmission market report addresses the below-mentioned queries:Why are vendors shifting away from traditional methods of manufacturing automoitve automatic transmission?How does the global automoitve automatic transmission market looks like in the next five years?Which end use industry is expected to surpass segment by the end of 2026?What innovative products are being introduced by the players in the global automoitve automatic transmission market?Which regions are showing the fastest market growth?On the basis of product, the automoitve automatic transmission market study consists of Compact CarsMid-Sized CarsPremium CarsLight Commercial VehiclesHeavy Commercial VehiclesCrucial insights in the automoitve automatic transmission market research:Underlying macro- and microeconomic factors impacting the growth of the automoitve automatic transmission market.Basic overview of the automoitve automatic transmission, including market definition, classification, and applications.Scrutinization of each automoitve automatic transmission market player based on mergers & acquisitions, R projects, and product launches.Adoption trend of automoitve automatic transmission across various industries.Important regions and countries offering lucrative opportunities to automoitve automatic transmission market stakeholders.Visit To buy this Report from - https://www.factmr.com/checkout/1054/SReasons to choose FactMR:Exhaustive research regarding the market to offer A to Z information.Digital technologies to provide innovative business solutions to the clients.24/7 availability of services.Interaction with suppliers, vendors, and service providers for precise market landscape.Reports tailored as per the requirements of the clients.And many more …