Automotive Transmission Market Size, Share, Trends, Growth Outlook

The Global Automotive Transmission Market Size is estimated to register 5.9% growth over the forecast period from 2024 to 2030.

 

The growth of the market is propelled by the rising adoption of continuously variable transmissions (CVTs), which offer seamless gear transitions and enhanced fuel efficiency. Automakers are progressively integrating CVTs into their vehicle lineups to comply with strict emission standards and improve fuel economy. Ongoing advancements in CVT design and engineering are effectively addressing concerns regarding reliability and performance, thereby bolstering their acceptance in the automotive market. Additionally, there is a trend towards integrating transmissions with vehicle electrification initiatives. Leading Companies focusing on Continued Development of Advanced Transmission Technologies, Shift towards Electrified Powertrains, and others to boost market shares in the industry.

Automotive Transmission Market Overview

The Automotive Transmission Market encompasses the development and distribution of transmission systems crucial for transferring power from the engine to the wheels in vehicles. It is driven by factors like consumer demand for smoother, more fuel-efficient vehicles and stringent emission standards. Major players like ZF Friedrichshafen AG and Aisin Seiki Co., Ltd. compete by investing in research and development. Regional trends vary, with emerging economies in Asia Pacific experiencing rapid growth. Future outlook emphasizes electrification, connectivity, and advancements in transmission technology to meet evolving consumer demands and regulatory requirements, especially for hybrid and electric vehicles.

Automotive Transmission Market Dynamics

Automotive Transmission Market Trends- Electrification is jolting the automotive transmission market awake, revolutionizing the traditional gearbox with innovative technologies and transforming how cars move.

Electrification is fundamentally transforming the automotive transmission market, revolutionizing traditional gearboxes with cutting-edge technologies and reshaping vehicle operations. The increasing adoption of electric vehicles (EVs) and hybrids is driving a significant departure from conventional internal combustion engines towards electrified powertrains. This shift is spurring the development of transmission systems specifically optimized for electric motors, including single-speed or multi-speed gearboxes tailored to the unique demands of electric propulsion. Furthermore, the integration of transmissions with electrified powertrains enables the implementation of advanced control strategies to manage power delivery efficiently, thereby enhancing overall vehicle performance. With electrification gaining momentum, the automotive transmission market is undergoing a profound transition towards solutions that promote cleaner and more sustainable transportation alternatives.

Market Driver- Automatic transmissions remain dominant in the automotive market, driving overall demand.

Automatic transmissions continue to dominate the automotive market, significantly impacting overall demand due to various factors. This enduring prevalence is primarily driven by consumer preferences for convenience and effortless driving, notably in regions like North America and Europe. Offering seamless gear shifts without requiring driver intervention, automatic transmissions enhance driving comfort and ease. Furthermore, advancements in automatic transmission technology, including continuously variable transmissions (CVTs) and dual-clutch transmissions (DCTs), have bolstered their popularity among consumers. Automatic transmissions are also valued for their efficiency and performance advantages, particularly in urban areas with heavy traffic. Consequently, they remain pivotal in the automotive market, playing a crucial role in shaping its trajectory and driving continued demand.

Market Opportunity- Stringent regulations and consumer demand are driving the automotive transmission market towards increased fuel efficiency and reduced emissions.

Tough regulations and evolving consumer preferences are major drivers propelling the automotive transmission market towards greater fuel efficiency and lower emissions. Governments globally are enacting stricter emission standards to address pressing environmental issues like climate change and air pollution. Consequently, automakers are under pressure to develop and deploy transmission technologies that optimize fuel usage and reduce harmful emissions. Simultaneously, consumers are increasingly favoring eco-friendly vehicles, prompting manufacturers to prioritize the integration of fuel-efficient transmission systems into their lineup. This dual influence from regulatory authorities and consumers is fostering innovation and investment in transmission technologies aimed at fostering sustainability and environmental stewardship across the automotive sector.

Market Share Analysis- Continuously Variable Transmission Automotive Transmission Market will register the fastest growth

The Global Automotive Transmission Market is analyzed across Automatic Transmission, Automated Manual Transmission, Dual-Clutch Transmission, Continuously Variable Transmission, Manual Transmission, and others. Continuously Variable Transmission is poised to register the fastest growth. Continuously Variable Transmission (CVT) is an innovative automotive transmission technology known for its seamless gear transitions and improved fuel efficiency. Unlike traditional automatic transmissions, CVTs operate without discrete gears, utilizing a system of belts, pulleys, or chains to provide an infinite number of gear ratios. This enables engines to operate at their optimal RPM for various driving conditions, resulting in smoother acceleration and better fuel economy. CVTs have gained popularity due to their ability to meet stringent emission standards and provide a comfortable driving experience. Major automotive manufacturers integrate CVTs into their vehicle lineups to enhance fuel efficiency and reduce environmental impact. Ongoing advancements in CVT design and engineering continue to address concerns regarding reliability and performance, cementing its significance in modern vehicles.

Market Share Analysis- Passenger Car held a significant market share in 2024

The Global Automotive Transmission Market is analyzed across various vehicle types including Passenger Car, LCVs, Trucks and Buses, and others. Of these, Passenger Car held a significant market share in 2024. Passenger cars are a pivotal segment driving demand within the automotive transmission market, prompting automakers to integrate advanced transmission systems to meet consumer expectations for fuel efficiency, performance, and comfort. Continuously Variable Transmissions (CVTs), Automatic Transmissions, and Dual-Clutch Transmissions (DCTs) are commonly featured in passenger cars due to their ability to deliver smooth driving experiences and improved fuel economy. The integration of transmissions with vehicle electrification initiatives, alongside emerging trends in connectivity and digitalization, further shape the landscape of transmission technologies in passenger cars, emphasizing innovation and adaptation to consumer demands.

 

Automotive Transmission Market Segmentation

By Transmission Type

• Automatic Transmission
• Automated Manual Transmission
• Dual-Clutch Transmission
• Continuously Variable Transmission
• Manual Transmission

 

By Number of forward gears

• Up to 5
• 6-8
• 9-10
• Above 10
• CVT

 

By Vehicle Type

• Passenger Car
• LCVs
• Trucks
• Buses

 

By Fuel Type

• Diesel
• Gasoline
• Alternate fuel

 

By Two-wheeler transmission

• Manual
• Automatic

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Automotive Transmission Market Companies

• Aisin Corporation (Japan)
• Magna International Inc (Canada)
• JATCO Ltd (Japan)
• BorgWarner Inc (United States)
• ZF Friedrichshafen AG (Germany)
• Schaeffler AG(Germany)
• Vitesco Technologies (Germany)
• Allison Transmissions (United States)
• BorgWarner Inc (United States)
• GKN Automotive(United kingdom)
• Hyundai Transys (South Korea)
• Eaton Corporation (Ireland)

 

*List not exhaustive

Automotive Transmission Market Outlook 2024

1 Market Overview

1.1 Introduction to the Automotive Transmission Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2024 Automotive Transmission Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Automotive Transmission Market Companies with Area Served

4.2.2 Products Offerings Global Automotive Transmission Market

 

5 Recession Impact Analysis and Outlook Scenarios

5.1.1 Recission Impact Analysis

5.1.2 Market Growth Scenario- Base Case

5.1.3 Market Growth Scenario- Reference Case

5.1.4 Market Growth Scenario- High Case

 

6 Global Automotive Transmission Market Trends

6.1 Global Automotive Transmission Revenue (USD Million) and CAGR (%) by Type (2018-2032)

6.2 Global Automotive Transmission Revenue (USD Million) and CAGR (%) by Applications (2018-2032)

6.3 Global Automotive Transmission Revenue (USD Million) and CAGR (%) by Regions (2018-2032)

 

7 Global Automotive Transmission Market Revenue (USD Million) by Type, and Applications (2018-2023)

7.1 Global Automotive Transmission Revenue (USD Million) by Type (2018-2023)

7.1.1 Global Automotive Transmission Revenue (USD Million), Market Share (%) by Type (2018-2023)

7.2 Global Automotive Transmission Revenue (USD Million) by Applications (2018-2023)

7.2.1 Global Automotive Transmission Revenue (USD Million), Market Share (%) by Applications (2018-2023)

 

8 Global Automotive Transmission Development Regional Status and Outlook

8.1 Global Automotive Transmission Revenue (USD Million) By Regions (2018-2023)

8.2 North America Automotive Transmission Revenue (USD Million) by Type, and Application (2018-2023)

8.2.1 North America Automotive Transmission Revenue (USD Million) by Country (2018-2023)

8.2.2 North America Automotive Transmission Revenue (USD Million) by Type (2018-2023)

8.2.3 North America Automotive Transmission Revenue (USD Million) by Applications (2018-2023)

8.3 Europe Automotive Transmission Revenue (USD Million), by Type, and Applications (USD Million) (2018-2023)

8.3.1 Europe Automotive Transmission Revenue (USD Million), by Country (2018-2023)

8.3.2 Europe Automotive Transmission Revenue (USD Million) by Type (2018-2023)

8.3.3 Europe Automotive Transmission Revenue (USD Million) by Applications (2018-2023)

8.4 Asia Pacific Automotive Transmission Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2023)

8.4.1 Asia Pacific Automotive Transmission Revenue (USD Million) by Country (2018-2023)

8.4.2 Asia Pacific Automotive Transmission Revenue (USD Million) by Type (2018-2023)

8.4.3 Asia Pacific Automotive Transmission Revenue (USD Million) by Applications (2018-2023)

8.5 South America Automotive Transmission Revenue (USD Million), by Type, and Applications (2018-2023)

8.5.1 South America Automotive Transmission Revenue (USD Million), by Country (2018-2023)

8.5.2 South America Automotive Transmission Revenue (USD Million) by Type (2018-2023)

8.5.3 South America Automotive Transmission Revenue (USD Million) by Applications (2018-2023)

8.6 Middle East and Africa Automotive Transmission Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2023)

8.6.1 Middle East and Africa Automotive Transmission Revenue (USD Million) by Country (2018-2023)

8.6.2 Middle East and Africa Automotive Transmission Revenue (USD Million) by Type (2018-2023)

8.6.3 Middle East and Africa Automotive Transmission Revenue (USD Million) by Applications (2018-2023)

 

9 Company Profiles

 

10 Global Automotive Transmission Market Revenue (USD Million), by Type, and Applications (2024-2032)

10.1 Global Automotive Transmission Revenue (USD Million) and Market Share (%) by Type (2024-2032)

10.1.1 Global Automotive Transmission Revenue (USD Million), and Market Share (%) by Type (2024-2032)

10.2 Global Automotive Transmission Revenue (USD Million) and Market Share (%) by Applications (2024-2032)

10.2.1 Global Automotive Transmission Revenue (USD Million), and Market Share (%) by Applications (2024-2032)

 

11 Global Automotive Transmission Development Regional Status and Outlook Forecast

11.1 Global Automotive Transmission Revenue (USD Million) By Regions (2024-2032)

11.2 North America Automotive Transmission Revenue (USD Million) by Type, and Applications (2024-2032)

11.2.1 North America Automotive Transmission Revenue (USD) Million by Country (2024-2032)

11.2.2 North America Automotive Transmission Revenue (USD Million), by Type (2024-2032)

11.2.3 North America Automotive Transmission Revenue (USD Million), Market Share (%) by Applications (2024-2032)

11.3 Europe Automotive Transmission Revenue (USD Million), by Type, and Applications (2024-2032)

11.3.1 Europe Automotive Transmission Revenue (USD Million), by Country (2024-2032)

11.3.2 Europe Automotive Transmission Revenue (USD Million), by Type (2024-2032)

11.3.3 Europe Automotive Transmission Revenue (USD Million), by Applications (2024-2032)

11.4 Asia Pacific Automotive Transmission Revenue (USD Million) by Type, and Applications (2024-2032)

11.4.1 Asia Pacific Automotive Transmission Revenue (USD Million), by Country (2024-2032)

11.4.2 Asia Pacific Automotive Transmission Revenue (USD Million), by Type (2024-2032)

11.4.3 Asia Pacific Automotive Transmission Revenue (USD Million), by Applications (2024-2032)

11.5 South America Automotive Transmission Revenue (USD Million), by Type, and Applications (2024-2032)

11.5.1 South America Automotive Transmission Revenue (USD Million), by Country (2024-2032)

11.5.2 South America Automotive Transmission Revenue (USD Million), by Type (2024-2032)

11.5.3 South America Automotive Transmission Revenue (USD Million), by Applications (2024-2032)

11.6 Middle East and Africa Automotive Transmission Revenue (USD Million), by Type, and Applications (2024-2032)

11.6.1 Middle East and Africa Automotive Transmission Revenue (USD Million), by region (2024-2032)

11.6.2 Middle East and Africa Automotive Transmission Revenue (USD Million), by Type (2024-2032)

11.6.3 Middle East and Africa Automotive Transmission Revenue (USD Million), by Applications (2024-2032)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Automotive Transmission Market Companies with Areas Served

Table 3 Products Offerings Global Automotive Transmission Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Automotive Transmission Revenue (USD Million) And CAGR (%) By Type (2018-2032)

Table 8 Global Automotive Transmission Revenue (USD Million) And CAGR (%) By Applications (2018-2032)

Table 9 Global Automotive Transmission Revenue (USD Million) And CAGR (%) By Regions (2018-2032)

Table 10 Global Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Table 11 Global Automotive Transmission Revenue Market Share (%) By Type (2018-2023)

Table 12 Global Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Table 13 Global Automotive Transmission Revenue Market Share (%) By Applications (2018-2023)

Table 14 Global Automotive Transmission Market Revenue (USD Million) By Regions (2018-2023)

Table 15 Global Automotive Transmission Market Share (%) By Regions (2018-2023)

Table 16 North America Automotive Transmission Revenue (USD Million) By Country (2018-2023)

Table 17 North America Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Table 18 North America Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Table 19 Europe Automotive Transmission Revenue (USD Million) By Country (2018-2023)

Table 20 Europe Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Table 21 Europe Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Table 22 Asia Pacific Automotive Transmission Revenue (USD Million) By Country (2018-2023)

Table 23 Asia Pacific Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Table 24 Asia Pacific Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Table 25 South America Automotive Transmission Revenue (USD Million) By Country (2018-2023)

Table 26 South America Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Table 27 South America Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Table 28 Middle East and Africa Automotive Transmission Revenue (USD Million) By Region (2018-2023)

Table 29 Middle East and Africa Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Table 30 Middle East and Africa Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Table 31 Financial Analysis

Table 32 Global Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Table 33 Global Automotive Transmission Revenue Market Share (%) By Type (2024-2032)

Table 34 Global Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Table 35 Global Automotive Transmission Revenue Market Share (%) By Applications (2024-2032)

Table 36 Global Automotive Transmission Market Revenue (USD Million), And Revenue (USD Million) By Regions (2024-2032)

Table 37 North America Automotive Transmission Revenue (USD)By Country (2024-2032)

Table 38 North America Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Table 39 North America Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Table 40 Europe Automotive Transmission Revenue (USD Million) By Country (2024-2032)

Table 41 Europe Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Table 42 Europe Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Table 43 Asia Pacific Automotive Transmission Revenue (USD Million) By Country (2024-2032)

Table 44 Asia Pacific Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Table 45 Asia Pacific Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Table 46 South America Automotive Transmission Revenue (USD Million) By Country (2024-2032)

Table 47 South America Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Table 48 South America Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Table 49 Middle East and Africa Automotive Transmission Revenue (USD Million) By Region (2024-2032)

Table 50 Middle East and Africa Automotive Transmission Revenue (USD Million) By Region (2024-2032)

Table 51 Middle East and Africa Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Table 52 Middle East and Africa Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Figure 4 Global Automotive Transmission Revenue Market Share (%) By Type (2023)

Figure 5 Global Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Figure 6 Global Automotive Transmission Revenue Market Share (%) By Applications (2023)

Figure 7 Global Automotive Transmission Market Revenue (USD Million) By Regions (2018-2023)

Figure 8 Global Automotive Transmission Market Share (%) By Regions (2023)

Figure 9 North America Automotive Transmission Revenue (USD Million) By Country (2018-2023)

Figure 10 North America Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Figure 11 North America Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Figure 12 Europe Automotive Transmission Revenue (USD Million) By Country (2018-2023)

Figure 13 Europe Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Figure 14 Europe Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Figure 15 Asia Pacific Automotive Transmission Revenue (USD Million) By Country (2018-2023)

Figure 16 Asia Pacific Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Figure 17 Asia Pacific Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Figure 18 South America Automotive Transmission Revenue (USD Million) By Country (2018-2023)

Figure 19 South America Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Figure 20 South America Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Figure 21 Middle East and Africa Automotive Transmission Revenue (USD Million) By Region (2018-2023)

Figure 22 Middle East and Africa Automotive Transmission Revenue (USD Million) By Type (2018-2023)

Figure 23 Middle East and Africa Automotive Transmission Revenue (USD Million) By Applications (2018-2023)

Figure 24 Global Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Figure 25 Global Automotive Transmission Revenue Market Share (%) By Type (2030)

Figure 26 Global Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Figure 27 Global Automotive Transmission Revenue Market Share (%) By Applications (2030)

Figure 28 Global Automotive Transmission Market Revenue (USD Million) By Regions (2024-2032)

Figure 29 North America Automotive Transmission Revenue (USD Million) By Country (2024-2032)

Figure 30 North America Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Figure 31 North America Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Figure 32 Europe Automotive Transmission Revenue (USD Million) By Country (2024-2032)

Figure 33 Europe Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Figure 34 Europe Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Figure 35 Asia Pacific Automotive Transmission Revenue (USD Million) By Country (2024-2032)

Figure 36 Asia Pacific Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Figure 37 Asia Pacific Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Figure 38 South America Automotive Transmission Revenue (USD Million) By Country (2024-2032)

Figure 39 South America Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Figure 40 South America Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Figure 41 Middle East and Africa Automotive Transmission Revenue (USD Million) By Region (2024-2032)

Figure 42 Middle East and Africa Automotive Transmission Revenue (USD Million) By Region (2024-2032)

Figure 43 Middle East and Africa Automotive Transmission Revenue (USD Million) By Type (2024-2032)

Figure 44 Middle East and Africa Automotive Transmission Revenue (USD Million) By Applications (2024-2032)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

Automotive Transmission Market Segmentation

By Transmission Type

• Automatic Transmission
• Automated Manual Transmission
• Dual-Clutch Transmission
• Continuously Variable Transmission
• Manual Transmission

 

By Number of forward gears

• Up to 5
• 6-8
• 9-10
• Above 10
• CVT

 

By Vehicle Type

• Passenger Car
• LCVs
• Trucks
• Buses

 

By Fuel Type

• Diesel
• Gasoline
• Alternate fuel

 

By Two-wheeler transmission

• Manual
• Automatic

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)