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Automatic Transmission Market Trends

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

Automatic Transmission Market Trends

Collaboration between automakers and transmission manufacturers is intensifying to develop advanced, fuel-efficient systems tailored to modern vehicles. Partnerships focus on integrating cutting-edge technologies like AI-driven control systems, hybrid compatibility, and lightweight materials. Such alliances are accelerating innovation, reducing production costs, and ensuring seamless integration of automatic transmissions in electric and autonomous vehicles, meeting evolving consumer and regulatory demands.
 

For instance, In December 2023, Ford Motor and General Motors announced a joint-development agreement to create a new series of advanced automatic transmissions. The collaboration focuses on developing 9 and 10 speed variants designed to enhance vehicle performance and fuel efficiency across their respective lineups of cars, SUVs, and trucks.
 

The high cost of advanced automatic transmissions poses a significant challenge, particularly for budget-conscious consumers and emerging markets. Technologies like dual-clutch and continuously variable transmissions (CVTs), while offering superior performance and efficiency, come with increased production and integration costs. Additionally, the complexity of these systems leads to higher maintenance and repair expenses, requiring specialized tools and expertise. This can deter adoption, especially in regions with limited access to skilled technicians. Over time, these factors may impact consumer confidence and preference, potentially slowing the transition to newer transmission technologies despite their benefits in fuel efficiency and driving experience.
 

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.

Automatic Transmission Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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