Automotive Transmission Market Size, Share , Growth & Trends 2024-2031
Automotive Transmission Market summary
A report by DataM Intelligence projects that the global automotive transmission market will grow at a robust CAGR of 5.4% during the forecast period from 2024 to 2031.
The competitive landscape is becoming increasingly intense, with major players such as Eaton Corporation, BorgWarner Inc., Aisin Seiki Co., and others actively participating in the market.
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Automotive Transmission Market Dynamics
The increasing demand for automobiles is a primary driver for the market's growth. Additionally, shifts in consumer preferences regarding vehicle performance and the need for better fuel economy are encouraging OEMs and transmission system manufacturers to invest more in R&D activities. Environmental regulations set by the Environmental Protection Agency and REACH, due to rising global carbon emissions, are also influencing the market. To comply with these emission standards and improve vehicle performance, automakers are consistently engaged in research initiatives
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Automotive Transmission Market Segmentations
By Transmission Type :Automatic, Manual, Semi-automatic Transmission, Dual-clutch Transmission, Continuously Variable Transmission
By Vehicle Type :Two Wheelers, Passenger Vehicles, Commercial Vehicles (LCV, HCV).
Key Players are:
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Aisin Seiki Co.
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Getrag Corporate Group
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Eaton Corporation
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Jatco Ltd.
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Magna Powertrain
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Allison Transmission Inc.
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Among others.
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