Automotive Automatic Transmission Market Size (2024 - 2029)

The automotive automatic transmission market is experiencing growth, driven by a global shift towards automatic systems, particularly in developing countries facing traffic challenges. Despite a temporary decline in market share due to the COVID-19 pandemic, the market is poised for recovery as environmental concerns and fuel economy regulations encourage the transition from manual to automatic transmissions. This trend is supported by government incentives for fuel-efficient and alternative fuel vehicles, which are expected to further boost the market's expansion.

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Market Size of Automotive Automatic Transmission Industry

Automotive Automatic Transmission Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Automotive Automatic Transmission Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Automatic Transmission Market Analysis

The automotive automatic transmission market studied was valued at USD 101.65 billion in 2021. It is expected to reach a value of USD 155.15 billion by 2027 while registering a CAGR of 7% during the forecast period.

With the COVID-19 pandemic affecting the automotive industry, the Transmission Market saw a dip in market share due to low or almost zero automotive sales or new requirements. Although the United States has around 90% of the vehicles running with automatic transmission, mileage-sensitive and huge-scale markets like India are yet to gradually transform into automatic transmission systems. The growing trend towards opting the automatic transmission by drivers worldwide is set to help the industry service the pandemic and come out with good numbers post Covid-19.

The automotive transmission system has many advantages, apart from performing the simple purpose of transferring an engine's power to the wheels. The demand for automotive automatic transmission vehicles has been growing over the past three years, especially in developing countries, such as India and China, due to heavy traffic, congestion, and overcrowded streets.

The major types of automatic transmission systems used in the vehicles are automated manual, continuously variable transmission, and dual-clutch transmission, among others.

According to General Motors, with the growing environmental concerns and strict fuel economy norms, the available manual transmission system cars may decline, in turn, resulting in the rise in demand for automatic transmission systems. Governments in the region are also trying to promote the sales of alternative fuel vehicles through incentives and tax deductions, and fuel-efficient vehicles, which is expected to propel the demand for automotive automatic transmission in the region.

Automotive Automatic Transmission Industry Segmentation

The automotive automatic transmission system market has been segmented by type, fuel type, vehicle type, and geography. The report offers market size and forecast for Automotive Automatic Transmission Market in Value (USD billion) for all the abovementioned segments.

The market is segmented by type: Automatic Transmission/Torque Converter, Automated Manual Transmission, Continuously Variable Transmission, and Dual Clutch Transmission.

By fuel type, the market is segmented as Gasoline, Diesel, and Hybrid

By vehicle type, the market is segmented as passenger cars, light commercial vehicles, and heavy commercial vehicles.

By geography, the market is segmented as North America, Europe, Asia-Pacific, South America, and Middle-East and Africa.

Type
Automatic Transmission (AT)/Torque Converter (TC)
Automatic Manual Transmission (AMT)
Continuous Variable Transmission (CVT)
Dual Clutch Transmission (DCT)
Fuel Type
Gasoline (Petrol)
Diesel
Hybrid
Vehicle Type
Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of the Middle-East and Africa
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Automotive Automatic Transmission Market Size Summary

The automotive automatic transmission market is poised for significant growth, driven by increasing demand for automatic vehicles worldwide. The market, which experienced a downturn due to the COVID-19 pandemic, is rebounding as more drivers opt for automatic transmission systems, particularly in developing regions like India and China. These countries are witnessing a surge in demand due to factors such as heavy traffic and the need for more convenient driving solutions. The market is characterized by various types of automatic transmission systems, including automated manual, continuously variable, and dual-clutch transmissions. The shift towards automatic systems is further supported by environmental concerns and stringent fuel economy regulations, which are prompting a decline in manual transmission vehicles.

Key players in the market, such as ZF Friedrichshafen AG, Schaeffler AG, and Magna International Inc., are innovating to meet the growing demand for fuel-efficient and hybrid-compatible transmission systems. ZF's development of an 8-speed automatic transmission, which focuses on improving fuel efficiency through lightweight technology, exemplifies the industry's commitment to innovation. The Asia-Pacific region is expected to experience the fastest growth, with countries like India and China leading the charge. In India, the demand for automatic transmission vehicles is rising rapidly, driven by worsening road conditions and advancements in technology. The market remains fragmented, with manufacturers striving to offer cost-effective solutions that comply with emission norms while enhancing vehicle performance.

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Automotive Automatic Transmission Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Driver

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Automatic Transmission (AT)/Torque Converter (TC)

      2. 2.1.2 Automatic Manual Transmission (AMT)

      3. 2.1.3 Continuous Variable Transmission (CVT)

      4. 2.1.4 Dual Clutch Transmission (DCT)

    2. 2.2 Fuel Type

      1. 2.2.1 Gasoline (Petrol)

      2. 2.2.2 Diesel

      3. 2.2.3 Hybrid

    3. 2.3 Vehicle Type

      1. 2.3.1 Passenger Cars

      2. 2.3.2 Light Commercial Vehicles (LCVs)

      3. 2.3.3 Heavy Commercial Vehicles (HCVs)

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 United Arab Emirates

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of the Middle-East and Africa

Automotive Automatic Transmission Market Size FAQs

The Automotive Automatic Transmission Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

ZF Friedrichshafen AG, Schaeffler AG, Hyundai Transys Inc., JATCO Ltd and Magna International Inc. are the major companies operating in the Automotive Automatic Transmission Market.

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Automotive Automatic Transmission Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)