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Manual Transmission Market Share

Report ID: GMI12556
Published Date: Dec 2024
Report Format: PDF

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Manual Transmission Market Share

Manual Transmission Company Market Share, 2024

ZF, Aisin, Magna, BorgWarner, Allison, Eaton, and Divgi TorqTransfer Systems collectively held a significant market share of 32% in the manual transmission industry in 2024. ZF utilizes advanced manufacturing facilities to produce high-quality manual transmissions for diverse vehicle segments globally. The company focuses on integrating efficiency-enhancing technologies and expanding its product portfolio in developing regions. Partnerships with global OEMs strengthen its market presence, enabling it to remain competitive in the market.

Aisin Corporation maintains a strong position in the manual transmission market through its focus on precision engineering and advanced technology integration. The company collaborates with leading automakers to provide customized manual transmission solutions, particularly in cost-sensitive regions. Aisin's investments in R&D and its extensive global supply chain contribute to its competitive advantage.

Manual Transmission Market Companies

Major players operating in the manual transmission industry are:

Aisin
Allison
BorgWarner
Divgi TorqTransfer Systems
Eaton
Hyundai Transys
Magna
Ricardo
Schaeffler
ZF

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of manual transmission reached USD 22.6 billion in 2024 and is set to grow at a 4.3% CAGR from 2025 to 2034, driven by the rebound in global motor vehicle production.

In 2024, the passenger cars segment generated USD 15 billion in revenue, with manual transmissions being widely adopted in budget and entry-level segments for their lower production and maintenance costs.

China's manual transmission market recorded around 46% of the revenue share in 2024, with manual transmissions gaining traction in the niche sports car and performance vehicle segments.

The key players in the industry include Aisin, Allison, BorgWarner, Divgi TorqTransfer Systems, Eaton, Hyundai Transys, Magna, Ricardo, Schaeffler, and ZF.