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Global Automotive Transmission Market Size, Share, Forecast: By Transmission Type: Manual Transmission, Automatic Transmission, Continuously Variable Transmission (CVT), Semi-Automatic Transmission, Others; By Fuel Type: Petrol, Diesel, CNG; By Vehicle Type: Passenger Cars, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Automotive Transmission Market Outlook
The global automotive transmission market size reached approximately USD 130.68 billion in 2022. The market is further projected to grow at a CAGR of 6.3% between 2023 and 2028, reaching a value of USD 187.48 billion by 2028.
Key Trends in the Market
Automotive transmission refers to devices that provide different gear ratios between driver wheels and the engine and are present in the power train of the motor vehicle. The transmission allows the vehicle to accelerate through its gear ranges and move forward.
- The growing popularity of fuel-efficient vehicles due to their ability to offer various advantages including cost efficiency and smaller carbon footprint are boosting the requirement for automatic transmissions aiding the automotive transmission market growth. Automatic transmissions have a better gear ratio, allowing them to utilise less fuel while driving at lower speeds.
- The increasing adoption of manual transmissions across commercial vehicles is supporting the market expansion. The requirement for commercial vehicles is rising due to improved road infrastructure and rapid industrialisation and urbanisation.
- Technological advancements in the manufacturing processes of automotive transmission are offering lucrative growth opportunities to the market. The rising adoption of Dutch clutch transmission technologies, among others over automatic and manual systems due to growing preference for fuel efficient vehicles is also aiding the market expansion.
Global Automotive Transmission Market Analysis
On the basis of transmission type, the market is divided into manual transmission, automatic transmission, continuously variable transmission (CVT), and semi-automatic transmission, among others. Based on fuel type, the market is segregated into petrol, diesel, and CNG.
On the basis of vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on region, the automotive transmission market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Magna International Inc.
- Aisin Corporation
- BorgWarner Inc.
- Continental AG
- Eaton Corporation plc
- Schaeffler AG
- ZF Friedrichshafen AG
- Allison Transmission, Inc.
- JATCO Ltd.
- Dana Incorporated
- Aichi Machine Industry Co., Ltd.
- Others
Market Share by Vehicle Type
Passenger vehicles are anticipated to account for a significant automotive transmission market share owing to the rising requirement for mobility due to ever increasing distances between educational institutions, hospitals, work, leisure and shopping facilities, and home. The increased reliance on passenger vehicles for adequate participation in economic and social life by individuals with disabilities and elderly is boosting the requirement for automotive transmissions. Availability of passenger vehicles with novel features and styles is further supporting the market growth.
Market Share by Region
The Asia Pacific is expected to witness significant growth over the forecast period. This growth can be attributed to the increasing demand for fuel efficient vehicles from the region due to rising fuel prices and growing environmental consciousness. Adoption of stringent regulations in various countries across the region are encouraging automotive companies to utilise efficient transmission systems, supporting the market expansion. The automotive transmission market demand is also increasing due to rising vehicle ownership in countries including India, South Korea, and China, due to rising disposable incomes.
Competitive Landscape
Magna International Inc. is a leading motor vehicle manufacturing company, producing automotive components, systems, modules, and assemblies for Ford, Mercedes, BMW, General Motors, Tesla, and Toyota, among others. The company was founded in 1957 and is headquartered in Ontario, Canada.
Aisin Corporation, headquartered in Aichi, Japan, is one of the leading manufacturers of body and chassis, engines, and drivetrains. The company also offers life and amenity products, welfare products, and cogeneration and heat exchange systems, among others.
BorgWarner Inc. is known for delivering sustainable and innovative mobility solutions and are dedicated towards delivering successful electrical innovations, including fuel efficient combustion technology. The company was founded in 1928 and is headquartered in Michigan, United States.
Other automotive transmission market key players include Continental AG, Eaton Corporation plc, Schaeffler AG, ZF Friedrichshafen AG, Allison Transmission, Inc., JATCO Ltd., Dana Incorporated, and Aichi Machine Industry Co., Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Transmission Type |
|
| Breakup by Fuel Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Transmission Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Transmission Historical Market (2018-2022)
8.3 Global Automotive Transmission Market Forecast (2023-2028)
8.4 Global Automotive Transmission Market by Transmission Type
8.4.1 Manual Transmission
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Automatic Transmission
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Continuously Variable Transmission (CVT)
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Semi-Automatic Transmission
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Automotive Transmission Market by Fuel Type
8.5.1 Petrol
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Diesel
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 CNG
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Automotive Transmission Market by Vehicle Type
8.6.1 Passenger Cars
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Light Commercial Vehicles
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Heavy Commercial Vehicles
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Automotive Transmission Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Automotive Transmission Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Transmission Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Transmission Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Transmission Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Transmission Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Magna International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Aisin Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 BorgWarner Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Continental AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Eaton Corporation plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Schaeffler AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 ZF Friedrichshafen AG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Allison Transmission, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 JATCO Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Dana Incorporated
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Aichi Machine Industry Co., Ltd.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Transmission Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Transmission Historical Market: Breakup by Transmission Type (USD Billion), 2018-2022
3. Global Automotive Transmission Market Forecast: Breakup by Transmission Type (USD Billion), 2023-2028
4. Global Automotive Transmission Historical Market: Breakup by Fuel Type (USD Billion), 2018-2022
5. Global Automotive Transmission Market Forecast: Breakup by Fuel Type (USD Billion), 2023-2028
6. Global Automotive Transmission Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
7. Global Automotive Transmission Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
8. Global Automotive Transmission Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Automotive Transmission Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Automotive Transmission Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Automotive Transmission Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Automotive Transmission Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 130.68 billion in 2022.
The market is projected to grow at a CAGR of 6.3% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 187.48 billion by 2028.
The major market drivers include increased requirement for fuel efficient commercial vehicles and rising research and development activities due to introduction of stringent government regulations.
The key trends fuelling the growth of the market include rising adoption of passenger vehicles and technological advancements in the manufacturing processes of automotive transmission.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant transmission types include manual transmission, automatic transmission, continuously variable transmission (CVT), and semi-automatic transmission, among others.
The key players in the market are Magna International Inc., Aisin Corporation, BorgWarner Inc., Continental AG, Eaton Corporation plc, Schaeffler AG, ZF Friedrichshafen AG, Allison Transmission, Inc., JATCO Ltd., Dana Incorporated, and Aichi Machine Industry Co., Ltd., among others.
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