The global Automotive Gearbox Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Application (Automatic Transmission (AT), Automated Manual Transmission (AMT), Dual Clutch Transmission (DCT), Manual Transmission), By Number of Gears (3 to 5, 6 to 8, Above 8), By Vehicle (Passenger Cars, LCVs, Trucks, Buses).
The Automotive Gearbox market is experiencing considerable expansion due to the increasing demand for high-performance and fuel-efficient vehicles. Gearboxes, which include manual, automatic, and continuously variable transmissions (CVTs), play a critical role in vehicle performance, efficiency, and driving comfort. The market is driven by technological advancements, such as the development of dual-clutch transmissions and electric vehicle-specific gearboxes. Additionally, the rising adoption of electric and hybrid vehicles is influencing gearbox design and innovation. As automotive technology continues to advance, the demand for sophisticated and efficient gearbox solutions is expected to grow.
The market report analyses the leading companies in the industry including Aichi Machine Industry Co. Ltd, Aisin Corp (formerly Aisin Seiki Co. Ltd), Allison Transmission Holdings Inc, AVTEC Ltd, Bonfiglioli Riduttori S.p.A., BorgWarner Inc, Continental AG, Eaton Corp, Fuji Machinery Co. Ltd, GKN Automotive Ltd, Hewland Engineering Ltd, Hyundai Transys Inc, JATCO Ltd, Magna International Inc (Getrag is a subsidiary of Magna), Magneti Marelli S.p.A., OC Oerlikon Corp AG, Punch Powertrain N.V., Schaeffler AG, Transmission Technologies Corp, ZF Friedrichshafen AG, and others.
A prominent trend in the automotive gearbox market is the increasing adoption of dual-clutch transmissions (DCT) and continuously variable transmissions (CVT). These advanced gearbox technologies offer smoother gear shifts, improved fuel efficiency, and enhanced driving performance compared to traditional manual and automatic transmissions. Dual-clutch systems, in particular, are gaining popularity in performance-oriented vehicles due to their ability to deliver quick and seamless gear changes, while CVTs are favored for their ability to optimize engine performance and fuel consumption in everyday driving conditions. As automakers focus on enhancing vehicle efficiency and performance, the shift towards these advanced transmission systems is becoming more pronounced, driving innovation and development in the gearbox market.
The automotive gearbox market is driven by the increasing demand for fuel-efficient vehicles. As fuel prices remain volatile and environmental concerns mount, consumers are seeking vehicles that offer better fuel economy without compromising performance. Gearbox manufacturers are responding by developing advanced transmission systems that optimize engine output and reduce fuel consumption. This trend is particularly evident in the growing popularity of automatic and semi-automatic transmissions, which are designed to improve efficiency by selecting the optimal gear ratio for any given driving condition. Additionally, government regulations aimed at reducing carbon emissions and improving fuel efficiency are pushing automakers to adopt more advanced gearbox technologies, further driving market growth.
The expansion of the electric and hybrid vehicle market presents a significant opportunity for the automotive gearbox market. While electric vehicles (EVs) typically require fewer gears due to their simplified powertrain, there is still a need for specialized transmission systems that can handle the unique torque characteristics of electric motors. For hybrid vehicles, which combine internal combustion engines with electric motors, advanced gearbox solutions are essential to seamlessly integrate and optimize power from both sources. This creates opportunities for gearbox manufacturers to develop innovative products that cater to the specific needs of electric and hybrid drivetrains. As the global shift towards electrification continues, companies that can deliver efficient, lightweight, and durable gearbox solutions for these vehicles are well-positioned to capitalize on this growing market segment.
The Automated Manual Transmission (AMT) segment is witnessing rapid growth within the automotive gearbox market, driven by a blend of efficiency, cost-effectiveness, and evolving consumer preferences. AMT technology combines the best of manual and automatic transmissions, offering the convenience of an automatic while retaining the fuel efficiency of a manual gearbox. This transmission type is increasingly favored by automakers due to its lower production costs compared to more complex systems like Dual Clutch Transmission (DCT) and Automatic Transmission (AT). The rise in urbanization and the subsequent increase in stop-and-go traffic have heightened the demand for smoother, clutch-free driving experiences, a key benefit provided by AMTs. Additionally, AMT systems offer flexibility, enabling drivers to switch between manual and automatic modes based on driving conditions, which appeals to a broad spectrum of consumers. The integration of advanced electronics and sensors in AMT systems enhances gear shifting precision, contributing to improved vehicle performance and fuel efficiency, making them highly attractive in markets with stringent fuel economy and emission regulations. As automakers seek cost-effective solutions to meet diverse consumer needs while adhering to environmental standards, the AMT segment is expected to continue expanding rapidly, making it a crucial player in the global automotive gearbox market's growth trajectory.
The 6 to 8 gears segment is emerging as the fastest-growing category in the automotive gearbox market, fueled by the rising demand for vehicles offering a balance between performance, fuel efficiency, and driving comfort. The adoption of gearboxes with 6 to 8 gears has become a trend, as they provide smoother gear transitions and enhanced control over engine speed, leading to optimized fuel consumption and reduced emissions. Automakers are increasingly integrating these gearboxes in passenger cars and light commercial vehicles, particularly in mid-range and premium segments, to meet consumer expectations for both power and efficiency. Technological advancements in transmission systems have enabled the development of more compact and lightweight gearboxes with 6 to 8 gears, which deliver better torque management and acceleration without compromising space or vehicle weight. This configuration also offers versatility in diverse driving conditions—whether highway cruising or urban stop-and-go traffic—by enabling the engine to operate at optimal RPM levels, thereby enhancing overall vehicle performance. As regulatory bodies across the globe push for stricter emission norms and improved fuel economy standards, the demand for gearboxes with 6 to 8 gears is set to rise, making this segment a key growth driver in the automotive gearbox market.
Passenger cars dominate the automotive gearbox market, representing the largest segment due to their widespread adoption across global markets and increasing consumer demand. This segment benefits from the rapid urbanization and rising disposable incomes that drive car ownership, particularly in emerging economies. Passenger vehicles, ranging from compact models to luxury cars, require advanced transmission systems to enhance performance, fuel efficiency, and driving comfort. Automakers are continually innovating gearbox technologies—such as dual-clutch transmission (DCT) and continuously variable transmission (CVT)—to meet the evolving needs of this massive customer base, which prioritizes smoother driving experiences, fuel economy, and low emissions. The popularity of electric and hybrid vehicles within the passenger car segment has further accelerated the need for sophisticated gearbox solutions that can seamlessly integrate with electric drivetrains. Additionally, stringent government regulations on emissions and fuel efficiency standards have led to the incorporation of multi-gear systems in passenger cars, enhancing engine performance while reducing environmental impact. As global automotive sales continue to be driven largely by passenger cars, this segment is expected to maintain its dominance, reinforcing its position as the primary revenue generator in the automotive gearbox market.
|
Parameter |
Details |
|
Market Size (2025) |
$ 108.9 Billion |
|
Market Size (2034) |
$ 153.6 Billion |
|
Market Growth Rate |
3.9% |
|
Segments |
By Application (Automatic Transmission (AT), Automated Manual Transmission (AMT), Dual Clutch Transmission (DCT), Manual Transmission), By Number of Gears (3 to 5, 6 to 8, Above 8), By Vehicle (Passenger Cars, LCVs, Trucks, Buses) |
|
Study Period |
2019- 2024 and 2025-2034 |
|
Units |
Revenue (USD) |
|
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
|
Companies |
Aichi Machine Industry Co. Ltd, Aisin Corp (formerly Aisin Seiki Co. Ltd), Allison Transmission Holdings Inc, AVTEC Ltd, Bonfiglioli Riduttori S.p.A., BorgWarner Inc, Continental AG, Eaton Corp, Fuji Machinery Co. Ltd, GKN Automotive Ltd, Hewland Engineering Ltd, Hyundai Transys Inc, JATCO Ltd, Magna International Inc (Getrag is a subsidiary of Magna), Magneti Marelli S.p.A., OC Oerlikon Corp AG, Punch Powertrain N.V., Schaeffler AG, Transmission Technologies Corp, ZF Friedrichshafen AG |
|
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
By Application
Automatic Transmission (AT)
Automated Manual Transmission (AMT)
Dual Clutch Transmission (DCT)
Manual Transmission
By Number of Gears
3 to 5
6 to 8
Above 8
By Vehicle
Passenger Cars
LCVs
Trucks
Buses
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Aichi Machine Industry Co. Ltd
Aisin Corp (formerly Aisin Seiki Co. Ltd)
Allison Transmission Holdings Inc
AVTEC Ltd
Bonfiglioli Riduttori S.p.A.
BorgWarner Inc
Continental AG
Eaton Corp
Fuji Machinery Co. Ltd
GKN Automotive Ltd
Hewland Engineering Ltd
Hyundai Transys Inc
JATCO Ltd
Magna International Inc (Getrag is a subsidiary of Magna)
Magneti Marelli S.p.A.
OC Oerlikon Corp AG
Punch Powertrain N.V.
Schaeffler AG
Transmission Technologies Corp
ZF Friedrichshafen AG
*- List Not Exhaustive
About USD Analytics
Table of Contents
List of Charts and Exhibits
List of Tables
1. Executive Summary
What’s New in 2025?
Top 10 Takeaways from the industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Bottom-Up Method
Top-Down Method
Data Triangulation
Forecast Methodology
Data Sources
USDA Proprietary Databases
External Sources
Primary Research and Interviews
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies opted by Business Leaders
Competitive Landscape
Market Size ($ Million) and Share (%) by Company, 2024
SWOT Analysis
- Key Market Strengths
- Key Market Weaknesses
- Potential Opportunities
- Potential Threats
Porter’s Five Force Analysis
- Summary
- Bargaining Power of Buyers- Impact Analysis
- Bargaining Power of Suppliers- Impact Analysis
- Threat of new entrants- Impact Analysis
- Intensity of Competitive Rivalry- Impact Analysis
Macro-Environmental Analysis
- Economic forecasts by Country, 2010- 2035
- Population forecasts by Country, 2010- 2035
- Inflation Outlook by Country, 2010-2035
- Impact of Russia-Ukraine Conflict, Sluggish China Growth, US Developments
5. Growth Opportunity Analysis
Trends at a Glance
- What are the most noteworthy trends in the market
- Where should leaders pay attention?
- What industries are likely to be affected by the growth?
Market Dynamics
- Charting a path forward
- Growth Drivers
- Growth Barriers
Key Industry Stakeholders
- Suppliers
- Manufacturers and Service Providers
- Distribution Channels
- End-Users and Applications
- Regulators
- Investors, Traders, and R&D Institutes
Regulatory Landscape
6. Market Size Outlook to 2034
Global Nanocoatings Market Size Forecast, USD Million, 2018- 2034
- Historic Market Size, 2018- 2024
- Forecast Market Size, 2024- 2034
Scenario Analysis
- Low Growth Scenario: Definition and Outlook to 2034
- Reference Case: Definition and Outlook to 2034
- High Growth Scenario: Definition and Outlook to 2034
Pricing Analysis and Outlook
- Nanocoatings Average Price Forecast, 2021- 2034
- Key Factors Shaping the Pricing Patterns
7. Historical Nanocoatings Market Size by Segments, 2018- 2024
Key Statistics, 2024
Nanocoatings Market Size Outlook by Type, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Nanocoatings Types, 2018- 2024
Nanocoatings Market Size Outlook by Application, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Nanocoatings Applications, 2018- 2024
8. Nanocoatings Market Size Outlook by Segments, 2024- 2034
By Application
Automatic Transmission (AT)
Automated Manual Transmission (AMT)
Dual Clutch Transmission (DCT)
Manual Transmission
By Number of Gears
3 to 5
6 to 8
Above 8
By Vehicle
Passenger Cars
LCVs
Trucks
Buses
9. Nanocoatings Market Size Outlook by Region
North America
Key Market Dynamics
North America Nanocoatings Market Size Outlook by Type, USD Million, 2021-2034
North America Nanocoatings Market Size Outlook by Application, USD Million, 2021-2034
North America Nanocoatings Market Size Outlook by Sales Channel, USD Million, 2021-2034
North America Nanocoatings Market Size Outlook by Country, USD Million, 2021-2034
Europe
Key Market Dynamics
Europe Nanocoatings Market Size Outlook by Type, USD Million, 2021-2034
Europe Nanocoatings Market Size Outlook by Application, USD Million, 2021-2034
Europe Nanocoatings Market Size Outlook by Sales Channel, USD Million, 2021-2034
Europe Nanocoatings Market Size Outlook by Country, USD Million, 2021-2034
Asia Pacific
Key Market Dynamics
Asia Pacific Nanocoatings Market Size Outlook by Type, USD Million, 2021-2034
Asia Pacific Nanocoatings Market Size Outlook by Application, USD Million, 2021-2034
Asia Pacific Nanocoatings Market Size Outlook by Sales Channel, USD Million, 2021-2034
Asia Pacific Nanocoatings Market Size Outlook by Country, USD Million, 2021-2034
South America
Key Market Dynamics
South America Nanocoatings Market Size Outlook by Type, USD Million, 2021-2034
South America Nanocoatings Market Size Outlook by Application, USD Million, 2021-2034
South America Nanocoatings Market Size Outlook by Sales Channel, USD Million, 2021-2034
South America Nanocoatings Market Size Outlook by Country, USD Million, 2021-2034
Middle East and Africa
Key Market Dynamics
Middle East and Africa Nanocoatings Market Size Outlook by Type, USD Million, 2021-2034
Middle East and Africa Nanocoatings Market Size Outlook by Application, USD Million, 2021-2034
Middle East and Africa Nanocoatings Market Size Outlook by Sales Channel, USD Million, 2021-2034
Middle East and Africa Nanocoatings Market Size Outlook by Country, USD Million, 2021-2034
10. United States Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
United States Nanocoatings Market Size Outlook by Type, 2021- 2034
United States Nanocoatings Market Size Outlook by Application, 2021- 2034
United States Nanocoatings Market Size Outlook by End-User, 2021- 2034
11. Canada Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Canada Nanocoatings Market Size Outlook by Type, 2021- 2034
Canada Nanocoatings Market Size Outlook by Application, 2021- 2034
Canada Nanocoatings Market Size Outlook by End-User, 2021- 2034
12. Mexico Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Mexico Nanocoatings Market Size Outlook by Type, 2021- 2034
Mexico Nanocoatings Market Size Outlook by Application, 2021- 2034
Mexico Nanocoatings Market Size Outlook by End-User, 2021- 2034
13. Germany Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Germany Nanocoatings Market Size Outlook by Type, 2021- 2034
Germany Nanocoatings Market Size Outlook by Application, 2021- 2034
Germany Nanocoatings Market Size Outlook by End-User, 2021- 2034
14. France Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
France Nanocoatings Market Size Outlook by Type, 2021- 2034
France Nanocoatings Market Size Outlook by Application, 2021- 2034
France Nanocoatings Market Size Outlook by End-User, 2021- 2034
15. United Kingdom Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
United Kingdom Nanocoatings Market Size Outlook by Type, 2021- 2034
United Kingdom Nanocoatings Market Size Outlook by Application, 2021- 2034
United Kingdom Nanocoatings Market Size Outlook by End-User, 2021- 2034
16. Spain Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Spain Nanocoatings Market Size Outlook by Type, 2021- 2034
Spain Nanocoatings Market Size Outlook by Application, 2021- 2034
Spain Nanocoatings Market Size Outlook by End-User, 2021- 2034
17. Italy Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Italy Nanocoatings Market Size Outlook by Type, 2021- 2034
Italy Nanocoatings Market Size Outlook by Application, 2021- 2034
Italy Nanocoatings Market Size Outlook by End-User, 2021- 2034
18. Benelux Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Benelux Nanocoatings Market Size Outlook by Type, 2021- 2034
Benelux Nanocoatings Market Size Outlook by Application, 2021- 2034
Benelux Nanocoatings Market Size Outlook by End-User, 2021- 2034
19. Nordic Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Nordic Nanocoatings Market Size Outlook by Type, 2021- 2034
Nordic Nanocoatings Market Size Outlook by Application, 2021- 2034
Nordic Nanocoatings Market Size Outlook by End-User, 2021- 2034
20. Rest of Europe Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Europe Nanocoatings Market Size Outlook by Type, 2021- 2034
Rest of Europe Nanocoatings Market Size Outlook by Application, 2021- 2034
Rest of Europe Nanocoatings Market Size Outlook by End-User, 2021- 2034
21. China Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
China Nanocoatings Market Size Outlook by Type, 2021- 2034
China Nanocoatings Market Size Outlook by Application, 2021- 2034
China Nanocoatings Market Size Outlook by End-User, 2021- 2034
22. India Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
India Nanocoatings Market Size Outlook by Type, 2021- 2034
India Nanocoatings Market Size Outlook by Application, 2021- 2034
India Nanocoatings Market Size Outlook by End-User, 2021- 2034
23. Japan Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Japan Nanocoatings Market Size Outlook by Type, 2021- 2034
Japan Nanocoatings Market Size Outlook by Application, 2021- 2034
Japan Nanocoatings Market Size Outlook by End-User, 2021- 2034
24. South Korea Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
South Korea Nanocoatings Market Size Outlook by Type, 2021- 2034
South Korea Nanocoatings Market Size Outlook by Application, 2021- 2034
South Korea Nanocoatings Market Size Outlook by End-User, 2021- 2034
25. Australia Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Australia Nanocoatings Market Size Outlook by Type, 2021- 2034
Australia Nanocoatings Market Size Outlook by Application, 2021- 2034
Australia Nanocoatings Market Size Outlook by End-User, 2021- 2034
26. South East Asia Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
South East Asia Nanocoatings Market Size Outlook by Type, 2021- 2034
South East Asia Nanocoatings Market Size Outlook by Application, 2021- 2034
South East Asia Nanocoatings Market Size Outlook by End-User, 2021- 2034
27. Rest of Asia Pacific Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Asia Pacific Nanocoatings Market Size Outlook by Type, 2021- 2034
Rest of Asia Pacific Nanocoatings Market Size Outlook by Application, 2021- 2034
Rest of Asia Pacific Nanocoatings Market Size Outlook by End-User, 2021- 2034
28. Brazil Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Brazil Nanocoatings Market Size Outlook by Type, 2021- 2034
Brazil Nanocoatings Market Size Outlook by Application, 2021- 2034
Brazil Nanocoatings Market Size Outlook by End-User, 2021- 2034
29. Argentina Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Argentina Nanocoatings Market Size Outlook by Type, 2021- 2034
Argentina Nanocoatings Market Size Outlook by Application, 2021- 2034
Argentina Nanocoatings Market Size Outlook by End-User, 2021- 2034
30. Rest of South America Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of South America Nanocoatings Market Size Outlook by Type, 2021- 2034
Rest of South America Nanocoatings Market Size Outlook by Application, 2021- 2034
Rest of South America Nanocoatings Market Size Outlook by End-User, 2021- 2034
31. United Arab Emirates Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
United Arab Emirates Nanocoatings Market Size Outlook by Type, 2021- 2034
United Arab Emirates Nanocoatings Market Size Outlook by Application, 2021- 2034
United Arab Emirates Nanocoatings Market Size Outlook by End-User, 2021- 2034
32. Saudi Arabia Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Saudi Arabia Nanocoatings Market Size Outlook by Type, 2021- 2034
Saudi Arabia Nanocoatings Market Size Outlook by Application, 2021- 2034
Saudi Arabia Nanocoatings Market Size Outlook by End-User, 2021- 2034
33. Rest of Middle East Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Middle East Nanocoatings Market Size Outlook by Type, 2021- 2034
Rest of Middle East Nanocoatings Market Size Outlook by Application, 2021- 2034
Rest of Middle East Nanocoatings Market Size Outlook by End-User, 2021- 2034
34. South Africa Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
South Africa Nanocoatings Market Size Outlook by Type, 2021- 2034
South Africa Nanocoatings Market Size Outlook by Application, 2021- 2034
South Africa Nanocoatings Market Size Outlook by End-User, 2021- 2034
35. Rest of Africa Nanocoatings Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Africa Nanocoatings Market Size Outlook by Type, 2021- 2034
Rest of Africa Nanocoatings Market Size Outlook by Application, 2021- 2034
Rest of Africa Nanocoatings Market Size Outlook by End-User, 2021- 2034
36. Key Companies
Market Share Analysis
Aichi Machine Industry Co. Ltd
Aisin Corp (formerly Aisin Seiki Co. Ltd)
Allison Transmission Holdings Inc
AVTEC Ltd
Bonfiglioli Riduttori S.p.A.
BorgWarner Inc
Continental AG
Eaton Corp
Fuji Machinery Co. Ltd
GKN Automotive Ltd
Hewland Engineering Ltd
Hyundai Transys Inc
JATCO Ltd
Magna International Inc (Getrag is a subsidiary of Magna)
Magneti Marelli S.p.A.
OC Oerlikon Corp AG
Punch Powertrain N.V.
Schaeffler AG
Transmission Technologies Corp
ZF Friedrichshafen AG
Company Benchmarking
Financial Analysis
37. Recent Market Developments
38. Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
By Application
Automatic Transmission (AT)
Automated Manual Transmission (AMT)
Dual Clutch Transmission (DCT)
Manual Transmission
By Number of Gears
3 to 5
6 to 8
Above 8
By Vehicle
Passenger Cars
LCVs
Trucks
Buses
The Global Automotive Gearbox Market Size is estimated at $108.9 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 3.9% to reach $153.6 Billion by 2034.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Aichi Machine Industry Co. Ltd, Aisin Corp (formerly Aisin Seiki Co. Ltd), Allison Transmission Holdings Inc, AVTEC Ltd, Bonfiglioli Riduttori S.p.A., BorgWarner Inc, Continental AG, Eaton Corp, Fuji Machinery Co. Ltd, GKN Automotive Ltd, Hewland Engineering Ltd, Hyundai Transys Inc, JATCO Ltd, Magna International Inc (Getrag is a subsidiary of Magna), Magneti Marelli S.p.A., OC Oerlikon Corp AG, Punch Powertrain N.V., Schaeffler AG, Transmission Technologies Corp, ZF Friedrichshafen AG
Base Year- 2024; Estimated Year- 2025; Historic Period- 2019-2024; Forecast period- 2025 to 2034; Currency: Revenue (USD); Volume