Automotive Automatic TransmissionCompanies (2024 - 2029)

Automotive Automatic Transmission Market Companies Summary

The automotive automatic transmission market has been affected by the COVID-19 pandemic, with a decline in market share due to decreased automotive sales. However, the growing trend towards automatic transmission worldwide is expected to help the industry recover post-pandemic. The demand for these vehicles has been increasing, particularly in developing countries, due to heavy traffic and overcrowded streets. Major types of automatic transmission systems used in vehicles include automated manual, continuously variable transmission, and dual-clutch transmission. One company in the industry has developed a new 8-speed automatic transmission, focusing on improving fuel efficiency through lightweight technology. This new transmission is hybrid compatible and can be used across all AWD dive concepts. The same company is also investing in commercial vehicle transmission manufacturing to meet increased demand. Another company has started production of a new 7-speed, mild hybrid dual-clutch transverse transmission. The industry is fairly fragmented, with many companies motivated to provide cost-effective solutions without compromising vehicle performance. They are focusing on globalization and product innovation to meet emission norms, and are working with local partners to develop new technologies.