Published Date: 28-Feb-2022
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According to a new report Global Automotive Transmission Market, published by KBV research, The Global Automotive Transmission Market size is expected to reach $199.7 billion by 2027, rising at a market growth of 4.4% CAGR during the forecast period.
The Gasoline market acquired maximum revenue share in the Global Automotive Transmission Market by Fuel Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $110.04 billion by 2027. Almost all emission criteria are met by gasoline cars. When compared to diesel engines, they are more efficient and emit less gas. The rising gasoline vehicle demand in nations such as the United States, China, and India are estimated to fuel the growth of the segment.
The Automatic market is expected to witness highest CAGR of 5.5% during (2021 - 2027). Advances in the automotive sector, as well as improvements in automatic gearboxes, are the result for this development. Furthermore, automatic types are more powerful and accurate, as well as easy to operate. The changing preferences and rising consumer purchasing power in various nations are expected to drive the growth of the segment.
The HCVs market would showcase highest growth rate of 6.9% during (2021 - 2027). HCV sales have been boosted by increased industry and infrastructure-building activities. Furthermore, the rising number of HCVs in Europe has prompted EU regulatory agencies and OEMs to strengthen and improve HCV safety, resulting in increased demand for HCVs.
The Asia Pacific market region is leading in the Global Automotive Transmission Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $72,820.7 million by 2027. The North America market is expected to witness a CAGR of 3.6% during (2021 - 2027). Additionally, The Europe market is expected to witness a CAGR of 2.5% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/automotive-transmission-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nissan Motor Corporation (Jatco Ltd), Allison Transmission Holdings, Inc., GKN plc (Melrose Industries plc), Continental AG, Eaton Corporation PLC, BorgWarner, Inc., Magna International, Inc., ZF Friedrichshafen AG, and Schaeffler AG.
By Fuel Type
By Transmission Type
By Vehicle Type
Unique Offerings from KBV Research
North America Automotive Transmission Market, Future Scope & Opportunities 2021-2027
Europe Automotive Transmission Market, Size & Growth Forecast 2021-2027
Asia Pacific Automotive Transmission Market, Size, Share & Industry Outlook to 2027
LAMEA Automotive Transmission Market, Growth, Trends and Forecasts 2021-2027