Market Size of Automotive Automatic Transmission Industry
| 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
*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 | |||||||
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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.
Automotive Automatic Transmission Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Driver
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Automatic Transmission (AT)/Torque Converter (TC)
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2.1.2 Automatic Manual Transmission (AMT)
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2.1.3 Continuous Variable Transmission (CVT)
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2.1.4 Dual Clutch Transmission (DCT)
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2.2 Fuel Type
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2.2.1 Gasoline (Petrol)
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2.2.2 Diesel
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2.2.3 Hybrid
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2.3 Vehicle Type
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2.3.1 Passenger Cars
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2.3.2 Light Commercial Vehicles (LCVs)
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2.3.3 Heavy Commercial Vehicles (HCVs)
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of the Middle-East and Africa
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Automotive Automatic Transmission Market Size FAQs
What is the current Automotive Automatic Transmission Market size?
The Automotive Automatic Transmission Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Automotive Automatic Transmission Market?
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.
