Analysts’ Viewpoint on Automotive Transmission Market Scenario
Key players operating in the global automotive transmission market are expanding their production capabilities to create more revenue opportunities in the global market. They are focusing on implementing newest technologies in automotive transmission systems for better performance and high efficiency of vehicles. Growth and advancement of the transportation sector across the globe are also accelerating the global market. Market is significantly driven by the rising sales of two/three wheelers, passenger vehicles, light duty vehicles, medium & heavy duty trucks, buses, etc. The significant presence of players operating in the global automotive transmission market is driving the global market. However, high costs and fluctuations in raw material prices are factors impacting the growth of the global automotive transmission market during the forecast period.
The growth of the transportation sector can be attributed to rising population, globalization, and rapid urbanization. Moreover, the increase in eCommerce and cargo services is boosting the transportation sector across the globe. There is a rise in demand for durable and efficient transmission system for vehicles, owing to rapid growth of the automobile industry across the globe. The expansion of the global supply chain and the logistics sector is contributing to the heavy commercial vehicle sales, such as trucks and trailers. These heavy vehicles need high power to operate the wheels, and it can be carried out through automotive transmission systems.
Mergers and acquisitions activities in the global automotive transmission market are anticipated to boost the automotive transmission market. Modernization and rise in disposable income of an individual are also some of the key factors contributing to the rising adoption of automated transmission systems in vehicles.
Manual transmission and automatic transmission are the two main types of transmission systems. In the manual transmission, a driver needs to adjust gears to change the speed of vehicle. However, in automatic, changing of gears at different speeds is without the intervention of the driver. Semi-automatic and automatic transmission systems are popular among consumers across the globe. Automatic transmission systems are used to improve the performance of vehicles, by enhancing mobility, comfort, and fuel-efficiency. Manufacturers operating in the global automotive transmission market are focusing on the production of automotive transmission system due to rising demand from consumers across the globe. The rapid expansion of the automobile industry across the globe is expected to drive the automotive transmission market in the upcoming years.
Asia Pacific in expected to be major automotive transmission market due to population growth and large road network. The rising demand for commercial vehicles in Asia Pacific is a major factor driving the market growth in the region. Availability of cheap labor, growth of automobile and manufacturing industries, and developing economies are some of the factors driving rapid expansion of the automotive transmission market in Asia Pacific. The presence of automobile manufacturers operating in China, India, Japan, and South Korea is also fueling the market growth in the region. In addition, rising popularity of sports cars in North America and Europe is creating huge opportunities for market players in the region.
The global automotive transmission market is harshly affected by the rapid spread of the coronavirus across the globe. Halting of businesses, strict lockdowns, ban on travel and transportation, and disrupted supply chains affected the expansion of the global automobile industry. This reduced sales of vehicles such as passenger cars, light duty vehicles, medium & heavy duty vehicles, etc. However, technological advancements in transmission systems are expected to be revive the global automotive transmission market. The rapid adoption of advanced systems by automotive OEMs across the globe is creating revenue opportunities in the near future.
Through strategic approach of market players, businesses are recovering from the losses and market contributors are focusing on innovative solutions to stay afloat in the business. The rise in sale of vehicles after the COVID-19 pandemic is likely to propel the automotive transmission market during the forecast period. In addition, the increase in demand for passenger and commercial vehicles is propelling the global automotive transmission market. A transmission system is responsible for transferring power created by vehicle engine to the driving wheels of vehicles.
Attribute |
Detail |
Market Size Value in 2020 |
US$ 37.12 Bn |
Market Forecast Value in 2031 |
US$ 49.81 Bn |
Growth Rate (CAGR) |
2.71% |
Forecast Period |
2021-2031 |
Quantitative Units |
Units for Volume and US$ Bn for Value |
Research Scope |
The report covers regional and global automotive transmission market size, along with key factors influencing the market. |
Report Coverage |
It includes Executive Summary, Market Overview, Global Market, Regional Market, and Competition Landscape. |
Format |
Electronic (PDF) |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon Request |
Pricing |
Available upon Request |
Automotive Transmission Market – Segmentation
This report on the automotive transmission market provides information on the basis of transmission type, vehicle type, and region.
Transmission Type |
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Vehicle Type |
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Region |
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This study also discusses underlying trends and impact of various factors that are driving the automotive transmission market, along with their influence on the evolution of the market.
This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the automotive transmission market in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.
1. Executive Summary: Global Automotive Transmission Market
1.1. Global Automotive Transmission Market Volume (Units) and Value (US$ Bn), 2021‒2031
2. Market Overview
2.1. Introduction
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunity
2.3. Market Factor Analysis
2.3.1. Porter’s Five Force Analysis
2.3.2. Value Chain Analysis
2.3.2.1. List of Key Manufacturers
2.3.2.2. List of Customers
2.3.2.3. Level of Integration
2.3.3. SWOT Analysis
2.4. Regulatory Scenario
2.5. Key Industry Development
2.6. Key Industry Trends
3. Global Automotive Transmission Market Analysis and Forecast, by Transmission Type
3.1. Definition
3.2. Market Snapshot
3.3. Global Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Transmission Type, 2021‒2031
3.3.1. Manual Transmission
3.3.2. Automatic Transmission
3.3.2.1. Continuous Variable Transmission (CVT)
3.3.2.2. Dual Clutch Transmission (DCT)
3.3.2.3. Automated Manual Transmission (AMT)
4. Global Automotive Transmission Market Analysis and Forecast, by Vehicle Type
4.1. Definition
4.2. Market Snapshot
4.3. Global Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Vehicle Type, 2021‒2031
4.3.1. Two/three Wheelers
4.3.2. Passenger Vehicle
4.3.2.1. Hatchback
4.3.2.2. Sedan
4.3.2.3. Utility Vehicle
4.3.3. Light Duty Vehicle
4.3.4. Medium & Heavy Duty Trucks
4.3.5. Bus & Coaches
5. Global Automotive Transmission Market Analysis and Forecast, by Region
5.1. Market Snapshot
5.2. Global Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Region, 2021‒2031
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. South America
6. North America Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, 2021‒2031
6.1. Market Snapshot
6.2. North America Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Transmission Type
6.2.1. Manual Transmission
6.2.2. Automatic Transmission
6.2.2.1. Continuous Variable Transmission (CVT)
6.2.2.2. Dual Clutch Transmission (DCT)
6.2.2.3. Automated Manual Transmission (AMT)
6.3. North America Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Vehicle Type
6.3.1. Two/three Wheelers
6.3.2. Passenger Vehicle
6.3.2.1. Hatchback
6.3.2.2. Sedan
6.3.2.3. Utility Vehicle
6.3.3. Light Duty Vehicle
6.3.4. Medium & Heavy Duty Trucks
6.3.5. Bus & Coaches
6.4. North America Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Country
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
7. Europe Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, 2021‒2031
7.1. Market Snapshot
7.2. Europe Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Transmission Type
7.2.1. Manual Transmission
7.2.2. Automatic Transmission
7.2.2.1. Continuous Variable Transmission (CVT)
7.2.2.2. Dual Clutch Transmission (DCT)
7.2.2.3. Automated Manual Transmission (AMT)
7.3. Europe Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Vehicle Type
7.3.1. Two/three Wheelers
7.3.2. Passenger Vehicle
7.3.2.1. Hatchback
7.3.2.2. Sedan
7.3.2.3. Utility Vehicle
7.3.3. Light Duty Vehicle
7.3.4. Medium & Heavy Duty Trucks
7.3.5. Bus & Coaches
7.4. Europe Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Country & Sub-region
7.4.1. Germany
7.4.2. U.K.
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Nordic Countries
7.4.7. Russia & CIS
7.4.8. Rest of Europe
8. Asia Pacific Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, 2021‒2031
8.1. Market Snapshot
8.2. Asia Pacific Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Transmission Type
8.2.1. Manual Transmission
8.2.2. Automatic Transmission
8.2.2.1. Continuous Variable Transmission (CVT)
8.2.2.2. Dual Clutch Transmission (DCT)
8.2.2.3. Automated Manual Transmission (AMT)
8.3. Asia Pacific Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Vehicle Type
8.3.1. Two/three Wheelers
8.3.2. Passenger Vehicle
8.3.2.1. Hatchback
8.3.2.2. Sedan
8.3.2.3. Utility Vehicle
8.3.3. Light Duty Vehicle
8.3.4. Medium & Heavy Duty Trucks
8.3.5. Bus & Coaches
8.4. Asia Pacific Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Country & Sub-region
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. South Korea
8.4.5. ASEAN
8.4.6. ANZ
8.4.7. Rest of Asia Pacific
9. Middle East & Africa Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, 2021‒2031
9.1. Market Snapshot
9.2. Middle East & Africa Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Transmission Type
9.2.1. Manual Transmission
9.2.2. Automatic Transmission
9.2.2.1. Continuous Variable Transmission (CVT)
9.2.2.2. Dual Clutch Transmission (DCT)
9.2.2.3. Automated Manual Transmission (AMT)
9.3. Middle East & Africa Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Vehicle Type
9.3.1. Two/three Wheelers
9.3.2. Passenger Vehicle
9.3.2.1. Hatchback
9.3.2.2. Sedan
9.3.2.3. Utility Vehicle
9.3.3. Light Duty Vehicle
9.3.4. Medium & Heavy Duty Trucks
9.3.5. Bus & Coaches
9.4. Middle East & Africa Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Country & Sub-region
9.4.1. GCC
9.4.2. Turkey
9.4.3. South Africa
9.4.4. Rest of Middle East & Africa
10. South America Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, 2021‒2031
10.1. Market Snapshot
10.2. South America Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Transmission Type
10.2.1. Manual Transmission
10.2.2. Automatic Transmission
10.2.2.1. Continuous Variable Transmission (CVT)
10.2.2.2. Dual Clutch Transmission (DCT)
10.2.2.3. Automated Manual Transmission (AMT)
10.3. South America Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Vehicle Type
10.3.1. Two/three Wheelers
10.3.2. Passenger Vehicle
10.3.2.1. Hatchback
10.3.2.2. Sedan
10.3.2.3. Utility Vehicle
10.3.3. Light Duty Vehicle
10.3.4. Medium & Heavy Duty Trucks
10.3.5. Bus & Coaches
10.4. South America Automotive Transmission Market Volume (Units) & Value (US$ Bn) Forecast, by Country & Sub-region
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of South America
11. Competition Landscape
11.1. Market Analysis By Company (2020)
11.2. Market Player – Competition Matrix (By Tier and Size of companies)
11.3. Key Market Players (Details – Overview, Recent Developments, Strategy)
11.3.1. ZF Friedrichshafen AG
11.3.1.1. Overview
11.3.1.2. Recent Developments
11.3.1.3. Strategy
11.3.2. Continental AG
11.3.2.1. Overview
11.3.2.2. Recent Developments
11.3.2.3. Strategy
11.3.3. Allison Transmission
11.3.3.1. Overview
11.3.3.2. Recent Developments
11.3.3.3. Strategy
11.3.4. Magana International Inc.
11.3.4.1. Overview
11.3.4.2. Recent Developments
11.3.4.3. Strategy
11.3.5. Eaton Corporation
11.3.5.1. Overview
11.3.5.2. Recent Developments
11.3.5.3. Strategy
11.3.6. Borg Warner
11.3.6.1. Overview
11.3.6.2. Recent Developments
11.3.6.3. Strategy
11.3.7. Aisin Seiki
11.3.7.1. Overview
11.3.7.2. Recent Developments
11.3.7.3. Strategy
11.3.8. JATCO
11.3.8.1. Overview
11.3.8.2. Recent Developments
11.3.8.3. Strategy
11.3.9. Schaeffler AG
11.3.9.1. Overview
11.3.9.2. Recent Developments
11.3.9.3. Strategy
11.3.10. Hyundai Dymos
11.3.10.1. Overview
11.3.10.2. Recent Developments
11.3.10.3. Strategy
11.3.11. Bonfiglioli RIDUTTORI S.P.A.
11.3.11.1. Overview
11.3.11.2. Recent Developments
11.3.11.3. Strategy
11.3.12. Magneti Marelli S.p.A.
11.3.12.1. Overview
11.3.12.2. Recent Developments
11.3.12.3. Strategy
11.3.13. Other Key Players
List of Tables
Table 1: Global Automotive Transmission Market Volume (Units) Forecast, by Transmission Type, 2021‒2031
Table 2: Global Automotive Transmission Market Value (US$ Bn) Forecast, by Transmission Type, 2021‒2031
Table 3: Global Automotive Transmission Market Volume (Units) Forecast, by Vehicle Type, 2021‒2031
Table 4: Global Automotive Transmission Market Value (US$ Bn) Forecast, by Vehicle Type, 2021‒2031
Table 5: Global Automotive Transmission Market Volume (Units) Forecast, by Region, 2021‒2031
Table 6: Global Automotive Transmission Market Value (US$ Bn) Forecast, by Region, 2021‒2031
Table 7: North America Automotive Transmission Market Volume (Units) Forecast, by Transmission Type, 2021‒2031
Table 8: North America Automotive Transmission Market Value (US$ Bn) Forecast, by Transmission Type, 2021‒2031
Table 9: North America Automotive Transmission Market Volume (Units) Forecast, by Vehicle Type, 2021‒2031
Table 10: North America Automotive Transmission Market Value (US$ Bn) Forecast, by Vehicle Type, 2021‒2031
Table 11: North America Automotive Transmission Market Volume (Units) Forecast, by Country, 2021‒2031
Table 12: North America Automotive Transmission Market Value (US$ Bn) Forecast, by Country, 2021‒2031
Table 13: Europe Automotive Transmission Market Volume (Units) Forecast, by Transmission Type, 2021‒2031
Table 14: Europe Automotive Transmission Market Value (US$ Bn) Forecast, by Transmission Type, 2021‒2031
Table 15: Europe Automotive Transmission Market Volume (Units) Forecast, by Vehicle Type, 2021‒2031
Table 16: Europe Automotive Transmission Market Value (US$ Bn) Forecast, by Vehicle Type, 2021‒2031
Table 17: Europe Automotive Transmission Market Volume (Units) Forecast, by Country and Sub-region, 2021‒2031
Table 18: Europe Automotive Transmission Market Value (US$ Bn) Forecast, by Country and Sub-region, 2021‒2031
Table 19: Asia Pacific Automotive Transmission Market Volume (Units) Forecast, by Transmission Type, 2021‒2031
Table 20: Asia Pacific Automotive Transmission Market Value (US$ Bn) Forecast, by Transmission Type, 2021‒2031
Table 21: Asia Pacific Automotive Transmission Market Volume (Units) Forecast, by Vehicle Type, 2021‒2031
Table 22: Asia Pacific Automotive Transmission Market Value (US$ Bn) Forecast, by Vehicle Type, 2021‒2031
Table 23: Asia Pacific Automotive Transmission Market Volume (Units) Forecast, by Country and Sub-region, 2021‒2031
Table 24: Asia Pacific Automotive Transmission Market Value (US$ Bn) Forecast, by Country and Sub-region, 2021‒2031
Table 25: Middle East & Africa Automotive Transmission Market Volume (Units) Forecast, by Transmission Type, 2021‒2031
Table 26: Middle East & Africa Automotive Transmission Market Value (US$ Bn) Forecast, by Transmission Type, 2021‒2031
Table 27: Middle East & Africa Automotive Transmission Market Volume (Units) Forecast, by Vehicle Type, 2021‒2031
Table 28: Middle East & Africa Automotive Transmission Market Value (US$ Bn) Forecast, by Vehicle Type, 2021‒2031
Table 29: Middle East & Africa Automotive Transmission Market Volume (Units) Forecast, by Country and Sub-region, 2021‒2031
Table 30: Middle East & Africa Automotive Transmission Market Value (US$ Bn) Forecast, by Country and Sub-region, 2021‒2031
Table 31: South America Automotive Transmission Market Volume (Units) Forecast, by Transmission Type, 2021‒2031
Table 32: South America Automotive Transmission Market Value (US$ Bn) Forecast, by Transmission Type, 2021‒2031
Table 33: South America Automotive Transmission Market Volume (Units) Forecast, by Vehicle Type, 2021‒2031
Table 34: South America Automotive Transmission Market Value (US$ Bn) Forecast, by Vehicle Type, 2021‒2031
Table 35: South America Automotive Transmission Market Volume (Units) Forecast, by Country and Sub-region, 2021‒2031
Table 36: South America Automotive Transmission Market Value (US$ Bn) Forecast, by Country and Sub-region, 2021‒2031
List of Figures
Figure 1: Global Automotive Transmission Market, Value (US$ Bn) Projection, by Transmission Type, 2021‒2031
Figure 2: Global Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Transmission Type, 2021‒2031
Figure 3: Global Automotive Transmission Market Value (US$ Bn) Projection, by Vehicle Type, 2021‒2031
Figure 4: Global Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Vehicle Type, 2021‒2031
Figure 5: Global Automotive Transmission Market Value (US$ Bn) Projection by Region, 2021‒2031
Figure 6: Global Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Region, 2021‒2031
Figure 7: North America Automotive Transmission Market Value (US$ Bn) Projection, by Transmission Type, 2021‒2031
Figure 8: North America Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Transmission Type, 2021‒2031
Figure 9: North America Automotive Transmission Market Value (US$ Bn) Projection, by Vehicle Type, 2021‒2031
Figure 10: North America Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Vehicle Type, 2021‒2031
Figure 11: North America Automotive Transmission Market Value (US$ Bn) Projection by Country, 2021‒2031
Figure 12: North America Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Country, 2021‒2031
Figure 13: Europe Automotive Transmission Market Value (US$ Bn) Projection, by Transmission Type, 2021‒2031
Figure 14: Europe Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Transmission Type, 2021‒2031
Figure 15: Europe Automotive Transmission Market Value (US$ Bn) Projection, by Vehicle Type, 2021‒2031
Figure 16: Europe Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Vehicle Type, 2021‒2031
Figure 17: Europe Automotive Transmission Market Value (US$ Bn) Projection by Country and Sub-region, 2021‒2031
Figure 18: Europe Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Country and Sub-region 2021‒2031
Figure 19: Asia Pacific Automotive Transmission Market Value (US$ Bn) Projection, by Transmission Type, 2021‒2031
Figure 20: Asia Pacific Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Transmission Type, 2021‒2031
Figure 21: Asia Pacific Automotive Transmission Market Value (US$ Bn) Projection, by Vehicle Type, 2021‒2031
Figure 22: Asia Pacific Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Vehicle Type, 2021‒2031
Figure 23: Asia Pacific Automotive Transmission Market, US$ Bn, Projection, by Country and Sub-region 2021‒2031
Figure 24: Asia Pacific Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Country and Sub-region 2021‒2031
Figure 25: Middle East & Africa Automotive Transmission Market Value (US$ Bn) Projection, by Transmission Type, 2021‒2031
Figure 26: Middle East & Africa Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Transmission Type, 2021‒2031
Figure 27: Middle East & Africa Automotive Transmission Market Value (US$ Bn) Projection, by Vehicle Type, 2021‒2031
Figure 28: Middle East & Africa Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Vehicle Type, 2021‒2031
Figure 29: Middle East & Africa Automotive Transmission Market Value (US$ Bn) Projection by Country and Sub-region, 2021‒2031
Figure 30: Middle East & Africa Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Country and Sub-region 2021‒2031
Figure 31: South America Automotive Transmission Market Value (US$ Bn) Projection, by Transmission Type, 2021‒2031
Figure 32: South America Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Transmission Type, 2021‒2031
Figure 33: South America Automotive Transmission Market Value (US$ Bn) Projection, by Vehicle Type, 2021‒2031
Figure 34: South America Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Vehicle Type, 2021‒2031
Figure 35: South America Automotive Transmission Market Value (US$ Bn) Projection by Country and Sub-region, 2021‒2031
Figure 36: South America Automotive Transmission Market, US$ Bn, Incremental Opportunity, by Country and Sub-region 2021‒2031