The Automotive Transmission Market to Reach $146.2 Billion by 2031

1. "Automotive Transmission Market to Reach $146.2 Billion by 2031, Driven by Technological Advancements and Growing Demand for Fuel Efficiency” J

2. Automotive Transmission Market 2024-2031 Meticulous Research®, a renowned global market research and consulting firm, has released a new comprehensive report titled, ‘Automotive Transmission Market by Type (Manual Transmission, Automated Manual Transmission, and Semi-automated Manual Transmission), Engine Type (Petrol Engine and Diesel Engine), Vehicle Type, Sales Channel, and Geography - Global Forecast to 2031’. The report forecasts that the global automotive transmission market is poised to reach a staggering $146.2 billion by 2031, reflecting a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5832?utm_source=article&utm_medium=social&utm_campaign =product&utm_content=19-09-2024 This robust market growth is primarily driven by continuous technological advancements in automotive transmission systems and the increasing enforcement of stringent regulatory standards and emissions norms. However, the market's expansion may be hindered by the complexity of transmission systems and volatility in raw material costs. Opportunities and Challenges: A Dynamic Market Landscape The rising adoption of lightweight, highly efficient materials by automakers is set to fuel the demand for innovative transmission solutions. Furthermore, the integration of artificial intelligence (AI) and machine learning into automotive transmission systems is expected to generate significant opportunities for market growth. However, ongoing disruptions in global supply chains could pose significant challenges for industry participants, potentially limiting market expansion. The global automotive transmission market is extensively segmented by type, engine type, vehicle type, sales channel, and geography, enabling a detailed analysis of the industry’s competitive landscape across regions and countries. 1.Segmentation Highlights 2.Type Insights: Manual Transmission Dominates, Automated Solutions on the Rise The market is categorized into three main transmission types: manual o transmission, automated manual transmission, and semi-automated manual transmission. Within the automated manual transmission segment, further sub-segments include automatic transmission, Page 1 of 5 © Meticulous Research| sales@meticulousresearch.com

3. Automotive Transmission Market 2024-2031 continuously variable transmission (CVT), and dual-clutch transmission (DCT). In 2024, manual transmission is projected to command the largest market o share, accounting for 48.0% of total revenue. This dominance is driven by the higher fuel efficiency offered by manual transmissions, which has become increasingly attractive to consumers focused on reducing fuel costs and minimizing their environmental impact. Additionally, manual transmissions are typically simpler in design, leading to lower maintenance costs. Despite the current market share of manual transmission, the automated o manual transmission segment is expected to exhibit the highest CAGR during the forecast period. This is attributed to the combination of automatic convenience and manual control, along with product launches by industry leaders. For example, ZF Friedrichshafen AG (Germany) recently announced the production of its PowerLine 8-speed automatic transmissions at a new manufacturing facility in South Carolina, while Tata Motors (India) introduced CNG cars featuring automatic manual transmission technology. 3.Engine Type: Petrol Engines Leading the Way By engine type, the market is segmented into petrol and diesel engines. o Petrol engines are expected to dominate the market in 2024, securing a 56.0% share. This segment's growth is largely due to the seamless integration of automated transmissions, such as CVTs and DCTs, with petrol engines to enhance performance and fuel efficiency. The petrol engines segment is also forecast to achieve the highest CAGR o through 2031, supported by rising consumer demand for smoother and more dynamic driving experiences that automated transmissions can deliver. 4.Vehicle Type: Passenger Cars Propel Market Growth The automotive transmission market is further segmented into passenger o cars, light commercial vehicles, and heavy commercial vehicles (trucks and buses). Passenger cars are expected to claim the largest share of the Page 2 of 5 © Meticulous Research| sales@meticulousresearch.com

4. Automotive Transmission Market 2024-2031 market in 2024, accounting for 47.0%. The ongoing advancements in transmission technologies, particularly in CVTs, DCTs, and automated solutions, are propelling demand in this segment. Passenger cars are expected to continue their dominance with the highest o CAGR during the forecast period, driven by increasing global production and sales volumes. 5.Sales Channel: OEMs Hold the Lion’s Share The market is bifurcated into two primary sales channels: original o equipment manufacturers (OEMs) and aftermarket services. In 2024, OEMs are projected to account for 85.0% of the global market. This can be attributed to OEMs’ increasing investments in geographic expansion, especially into emerging markets, where they adapt transmission offerings to regional preferences and regulations. OEMs are also leading the charge in adopting cutting-edge technologies, o partnering with component suppliers to enhance product features and accelerate time-to-market, making them key players in driving market innovation. 6.Geographic Focus: Asia-Pacific Leads Global Growth • Geographically, Asia-Pacific is set to account for the largest share of the automotive transmission market, with a projected 41.0% share in 2024. This dominance is fueled by rapid urbanization, rising disposable incomes, and an expanding middle-class population, particularly in key markets such as China, India, Japan, and South Korea. • The increasing demand for automatic transmissions in densely populated urban areas, coupled with stringent regulations promoting energy-efficient solutions, is further driving growth in the Asia-Pacific region. The market in this region is expected to register a CAGR of 7.0% over the forecast period. 7.Key Industry Players Prominent players driving the growth of the global automotive transmission market include: Page 3 of 5 © Meticulous Research| sales@meticulousresearch.com

5. Automotive Transmission Market 2024-2031 • ZF Friedrichshafen AG (Germany) • Magna International Inc. (Canada) • BorgWarner Inc. (U.S.) • Continental AG (Germany) • Eaton Corporation plc (U.S.) • Allison Transmission Holdings, Inc. (U.S.) • Marelli Holdings Co., Ltd. (Japan) • AISIN Group (Japan) • Hyundai Transys Inc. (South Korea) • Schaeffler AG (Germany) • Vietesco Technologies Group AG (Germany) These companies are spearheading efforts to introduce new and innovative transmission systems, solidifying their positions as market leaders. Quick Buy @ https://www.meticulousresearch.com/Checkout/49293158?utm_source=articl e&utm_medium=social&utm_campaign=product&utm_content=19-09-2024 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Page 4 of 5 © Meticulous Research| sales@meticulousresearch.com

6. Automotive Transmission Market 2024-2031 Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 5 of 5 © Meticulous Research| sales@meticulousresearch.com