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The future of the automotive transmission market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The global automotive transmission market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $290.3 billion by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are increasing vehicle production and growing demand for lightweight transmission systems to enhance the driving experience.
Emerging trends, which have a direct impact on the dynamics of the automotive transmission industry, include the introduction of more efficient automatic transmission and increasing demand for hybridn and dual clutch transmission.
A total of 108 figures / charts and 72 tables are provided in this 256 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of automotive transmission market report download the report brochure.
Automotive transmission technologies have evolved through number of stages as presented in figure below:
Evolution of Automotive Transmission Technologies