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Automatic Transmission Market Share

Report ID: GMI12553
Published Date: Dec 2024
Report Format: PDF

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Automatic Transmission Market Share

Automatic Transmission Company Market Share, 2024

Aisin Seiki, Allison Transmission, and ZF Friedrichshafen collectively held a substantial market share of 20% in the automatic transmission industry in 2024. ZF Friedrichshafen, BorgWarner, and Aisin Seiki dominate the market with strong offerings in automatic and dual-clutch transmissions. ZF leads in performance-focused transmission solutions, BorgWarner emphasizes hybrid and electric vehicle components, while Aisin Seiki excels in mass-market vehicle transmissions. These companies leverage innovative technologies to meet evolving consumer demands and regulatory standards.

Allison Transmission, Eaton, Magna International, and Voith provide diverse solutions with a focus on commercial vehicles, powertrains, and efficiency. Allison specializes in heavy-duty and medium-duty transmissions, Eaton offers a range of automated manual systems, while Magna and Voith focus on advanced drivetrains, hybrid technology, and vehicle electrification, all pushing for sustainable solutions across various markets.

Automatic Transmission Market Companies

Major players operating in the automatic transmission industry are:

Aisin Seiki
Allison Transmission
BorgWarner
Eaton
Hyundai Transys
Jatco
Magna
Schaeffler
Voit
ZF Friedrichshafen

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automatic transmission reached USD 36.4 billion in 2024 and is set to grow at a 5.9% CAGR from 2025 to 2034, driven by increasing consumer demand for convenience, fuel efficiency, and enhanced driving comfort.

The passenger cars segment held 67% of the market share in 2024, with a significant shift towards automatic transmissions as consumers prioritize convenience, comfort, and ease of driving.

The Asia Pacific market accounted for 38% of the revenue share in 2024 and is poised to cross USD 25 billion by 2034, led by growing urbanization and an expanding middle class.

The key players in the industry include Aisin Seiki, Allison Transmission, BorgWarner, Eaton, Hyundai Transys, Jatco, Magna, Schaeffler, Voit, and ZF Friedrichshafen.