The Europe Automotive Transmission Market would witness market growth of 2.5% CAGR during the forecast period (2021-2027).
A manual transmission is a set of gears, shafts, and other components housed in a metal case or gearbox that is partially lubricated. The clutch and flywheel connect the gearbox input shaft to the engine crankshaft. The final-drive gearing in the drive axle is connected to the transmission output shaft through a driveshaft. To get the car moving, the transmission's reduction or underdrive gearing allows the engine crankshaft to spin quickly while the drive wheels spin slowly but with a lot of torque.
As the car accelerates, the driver switches the transmission into lower numerical gear ratios, known as higher gears, as less torque and speed are required. Gear ratios in a normal five-speed manual gearbox are typically 3.35:1, 2:1, 1.35:1, 1:1 (direct drive) for fourth gear, and 0.75:1 (overdrive) for fifth gear. A floor-mounted shift lever is used to operate most transmissions with four or more forward speeds.
German automobiles demonstrate the principles of innovation, dependability, safety, and design. Germany is Europe's largest production and sales market of automobiles. The country's world-class research and development facilities, extensive industrial value chain integration, and highly qualified personnel offer an unrivalled automotive environment on the worldwide stage. It enables businesses to create cutting-edge technologies that perfectly answer the mobility needs of the future.
The Germany market dominated the Europe Automotive Transmission Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $12.6 billion by 2027. The UK market would witness a CAGR of 1.8% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 3.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Transmission Market Size will Hit $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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