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Automotive Transmission Market Size

Report ID: GMI1445
Published Date: Sep 2020
Report Format: PDF

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Automotive Transmission Market Size

Automotive Transmission Market size valued at over USD 236.4 billion in 2019 and is estimated to exhibit around 4.3% CAGR from 2020 to 2026. The transmission system provides a smooth and comfortable drive by transmitting the optimal power from the engine to wheels through the gearbox. As it is used in every vehicle, automotive sector growth is directly proportional to the automotive transmission industry growth. Growing automotive production across the globe is anticipated to boost the transmission system demand.

The automotive industry has been experiencing growth in demand from past several years on account of increasing urbanization and disposable income in emerging economies such as India, Bangladesh, Vietnam, etc. However, the recent outbreak of COVID-19 will hamper the automotive transmission market growth to some extent. Lockdowns across major economies resulted into the closure of manufacturing facilities and disruption in automotive parts export and import.

Automotive Transmission Market

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Automotive is one of the highly affected industries by the COVID-19 pandemic and is likely to take some time to recover from it. However, due to the COVID-19, people are expected to prefer private cars instead of public transport, which will propel the market demand in coming years.

Automotive Transmission Market Report Attributes
Report Attribute	Details
Base Year:	2019
Automotive Transmission Market Size in 2019:	USD 236.4 Billion
Forecast Period:	2019 to 2026
Forecast Period 2019 to 2026 CAGR:	4.3%
2026 Value Projection:	USD 281.3 Billion
Historical Data for:	2016 to 2019
No. of Pages:	300
Tables, Charts & Figures:	348
Segments covered:	By Transmission (IC{Manual Transmission, Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission, Continuous Variable Transmission} EV{Single Speed Transmission, Multi Speed Transmission}) By Engine (IC, EV) By Vehicle (Passenger Cars, LCV, HCV) By Gear(Less Than 5, 5 to 6, 7 to 8, Above 8) By Distribution (OEM, After Market)
Growth Drivers:	Increasing commercial vehicle production in North America Introduction of new technologies Increasing demand for passenger vehicles production in Asia Pacific Rapidly growing demand for electric vehicle
Pitfalls & Challenges:	Ongoing economic slowdown may hamper product demand

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Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global automotive transmission market size was worth USD 236.4 billion in 2019.

The global pandemic has hampered the automotive transmission industry growth due to economic crisis, shutting of manufacturing facilities, and reduced import and export of automotive parts.

Automotive transmission market share from hybrid and electric vehicles is expected to increase at a double-digit CAGR of 15% through 2026.

Automotive transmission distribution market size from aftermarket segment stood at USD 4 billion in 2019 and will further increase at a CAGR of 3.5% through 2026.