Automotive Transmission Market Worth $172,958 Million by 2020

DALLAS, July 2, 2015 /PRNewswire/ --

The report "Automotive Transmission Market by Type (Automatic Manual, AMT, DCT, CVT), Vehicle Type (Passenger Car, LCV, HCV), Number of Forward Gears, Fuel, & by Region (Asia-Oceania, Europe, North America, RoW) - Global Trends and forecast to 2020", published by MarketsandMarkets, Automotive Transmission Systems: The market size, in terms of value, is projected to grow at a CAGR of 5.85% from 2015 to 2020, to reach $172,958 Million.

Browse 87 market Tables and 51 Figures spread through 240 Pages and an in-depth TOC on "Automotive Transmission Market".

http://www.marketsandmarkets.com/Market-Reports/automotive-transmission-systems-market-1063.html

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The market report classifies and defines the automotive transmission systems market in terms of value and volume. The report highlights potential growth opportunities in the coming years as well as covers review of the market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to the automotive transmission systems market. It identifies the key market trends for new technologies and their adoption scenario for the next five years. It also focuses on key market players and their strategies, along with recent developments.

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Asia-Oceania: High Volume Market 

The Asia-Oceania region includes developing countries, such as China, India, Japan, and South Korea. The majority of the global vehicle production is concentrated in this region. Customers' demand for an improved fuel economy and reduced emissions in the wake of the rising pollution levels are driving the automotive transmission systems in this region. Technologies such as AMT are being adopted in cost sensitive countries such as India owing to the convenience offered by these systems at a comparatively cheaper price. Manufacturers such as Aisin Seiki (Japan), Denso Corporation (Japan), and JATCO (Japan) are some of the dominant players in this region who are anticipated to drive the development of the Automotive Transmission Market.

CVT & DCT System Adoption: Adoption Expected to Increase in Developed Regions 

Owing to stringent emissions and fuel efficiency regulations in developed regions, the penetration of CVT and DCT is estimated to be higher in North America and Europe. The market is further estimated to increase with the rising production levels after the economic downturn. Owing to the customers' preferences, the regional adoption is varied in these regions. Europe is projected to witness a higher growth for DCT system than CVT, whereas the North American market is estimated to favor CVT over DCT, as majority of the market is currently concentrated by the automatic transmission systems. The high rate of technological adoption in these regions is also a driving factor for the growth of this market.

Europe & North America are key markets for the Automotive Transmission Market, owing to the presence of a number of transmission system manufacturers, such as ZF Friedrichshafen (Germany), Getrag (Germany), Magna Powertrain (Canada), and BorgWarner (U.S.) in the region.

Increasing Number of Gears 

Tier I suppliers and OEMs are working towards the transmission with a higher number of gears since the need for fuel efficiency is increasing. Recent technological developments reduced the fluid and other parasitic losses in the automatic transmission systems. A sharp growth is estimated for this segment in North America, as major OEMs are developing gearboxes with 9 and 10 forward gears.

The report covers the automotive transmission systems market in terms of volume and value. The market size in terms of volume, from 2013 to 2020, is provided in terms of '000 Units, whereas the value of the market is provided in terms of the United States Dollar (USD). The automotive transmission systems market is broadly classified into manual transmission, automatic transmission, automated manual transmission, dual clutch transmission, and continuously variable transmission and dual clutch transmission, focusing on key markets of the world. The market has also been segmented by the number of gears as, below 5, 5 to 6, 7 to 8, 9 to 10, and above 10. Comprehensive data has been provided by classifying this market by fuel type into gasoline, diesel, and hybrid. This report also offers qualitative trends for transmission in two wheelers and off highway vehicles.

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