The Asia Pacific Automotive Transmission Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
Manual transmissions, which the driver shifts by hand after disengaging the foot-operated clutch, and automatic transmissions that shift without the driver's intervention, are the two broad categories of automotive transmission. In addition, manual transmissions can have a clutch that is freed by an actuator when the driver moves the shift lever, and automated transmissions can include manual-shift capabilities, allowing the driver to select the next lower or higher gear ratio by moving the shift lever.
Automobile component makers are working hard to deliver cost-effective alternatives without sacrificing vehicle performance. To address the rising demand for transmission systems across the automotive sector, they are implementing a variety of expansion methods. For example, Aisin Seiki Co., Ltd., is concentrating on the development and manufacturing capabilities for Toyota Motor Corp.'s manual transmission products under the Aisin AI brand.
The market for automatic transmission vehicles in India is predicted to expand fast over the forecast period, owing to worsening road conditions, technological improvements, a growing preference for economy & convenience vehicle, and rising demand for fuel-efficient cars. The Dual Clutch Automatic Gearbox is gaining popularity owing to its high-speed gearshift rate, which is very beneficial and is used in most performance vehicles.
The China market dominated the Asia Pacific Automotive Transmission Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $20.4 billion by 2027. The Japan market is anticipated to grow a CAGR of 5.2% during (2021 - 2027). Additionally, The India market would experience a CAGR of 6.4% during (2021 - 2027).
Based on Fuel Type, the market is segmented into Gasoline, Diesel and Others. Based on Transmission Type, the market is segmented into Manual and Automatic. Based on Vehicle Type, the market is segmented into Passenger Cars, LCVs and HCVs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Transmission Market is Projected to reach USD 199.7 Billion by 2027, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nissan Motor Corporation (Jatco Ltd), Allison Transmission Holdings, Inc., GKN plc (Melrose Industries plc), Continental AG, Eaton Corporation PLC, BorgWarner, Inc., Magna International, Inc., ZF Friedrichshafen AG, and Schaeffler AG.
By Fuel Type
By Transmission Type
By Vehicle Type
By Country
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