Automotive Transmission Pump Market Growth Accelerated by Rising Demand for Automatic Transmission Vehicles

Automotive Transmission Market by Type (Automatic, Manual, AMT, DCT, CVT), Vehicle type (Passenger Car, LCV, HCV, & Electric Vehicle), Number of Forward Gears, Fuel, & Region (Asia-Pacific, North America, Europe, RoW) - Global Forecast to 2021.

Download our free PDF Brochure and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1063 In the research methodology, various secondary sources has been used such as Society of Indian Automobile Manufacturers (SIAM), China Association of Automobile Manufacturers (CAAM), Environmental Protection Agency (EPA), International Council on Clean Transportation (ICCT) and European Automobile Manufacturers Association (EAMA).

Interviews have been conducted with experts from related industries and suppliers to understand the future trends of the automotive transmission marketBrowse and in-depth TOC on Automotive Transmission Market 84 - Tables69 - Figures          167 – Pages Request for free Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1063Target AudienceAutomotive OEMsAutomotive transmission suppliersAutomotive transmission manufacturers associationsAutomotive transmission distributorsThe automatic transmission (AT) market, in terms of value, is estimated to grow at the highest CAGR during the forecast period.

In developed regions such as Europe and North America, scooters and motorcycles are mainly used for recreational purposes they are cheap to buy, easy to operate and convenient to park.Request for sample:https://www.marketsandmarkets.com/requestsampleNew.asp?id=1063The favorable macroeconomic factors in the Asia-Pacific, like cheap labor, government incentives for the manufacturing industry and large local market have ensured that this region accounts for the largest share of the global transmission market.

It consists of countries such as China, India, Japan, and South Korea where a majority of the automotive production is concentrated.

Automotive Transmission Market Key Players Aisin Seiki Co. (Japan),ZF Friedrichshafen AG (Germany),Getrag Corporate Group (Germany),Jatco Ltd. (Japan),Magna Powertrain (U.S.).

The global automotive transmission market is largely consolidated in terms of its vendor landscape, partly owing to the presence of few manufacturers that solely operate in the field and the preference of several leading auto-makers to in-house manufacturing of transmission systems in collaboration with some tier-I companies, observes Research Report Insights in a recent report.This has led to a scenario wherein other transmission system manufacturers are left with very little scope of expansion.

Some of the leading players in the market are Eaton Corporation, Continental AG, Allison Transmission, ZF Friedrichshafen AG, Borg Warner, Magana International Inc., JATCO, and Aisin Seiki.According to the report, the global automotive transmission market was valued at US$30020 Mn in 2016 and is projected to rise to US$53.2 Bn by 2025, registering a CAGR of 6.6%  2025 EndRequest For Report Sample: https://www.researchreportinsights.com/report/sample/110114571/Automotive-Transmission-MarketManual Transmission Continues to Remain Most Preferred Owing to Low CostIn terms of the type of transmission chiefly used in automobiles, namely manual and automatic, the segment of manual transmission is presently the clear leader.

Low cost of vehicles with manual transmission, well-established market for manual transmission vehicles, and lack of awareness among consumers regarding the vast benefits of automatic transmission have worked in favor of the manual transmission segment so far.Geographically, the rising uptake of passenger vehicles across emerging economies such as India and China, the market for automotive transmission in Asia Pacific is likely to emerge as the most lucrative one.

The market in North America is also expected to exhibit a promising pace of expansion owing to the demand for vehicles with advanced transmission systems.Rising Focus on Achieving Improved Fuel Economy Drives Major Developments in MarketWhile the continuous rise in demand for passenger vehicles across emerging economies forms the central factor driving the steady expansion of the market, a number of factors are also leading to vast changes in the way the market is developing.

Moreover, automobile manufacturers are also continuously undertaking research efforts to improve vehicle performance so as to reduce transmission power response time and meet carbon emission norms.The scenario has resulted in the development of technologically advanced products such as continuous variable transmission (CVTs), 9-speed automatic transmission, and dual shafts gearboxes (DSG).

The increased demand for automatic transmission in entry-level vehicles, especially across emerging economies such as India, Brazil, and Mexico owing to the added convenience and comfort offered by automatic transmission, is also working in favor of the market.Lack of Awareness Regarding Benefits of Automatic Transmission Continues Limit GrowthThe market struggles to exploit its full potential across regional markets that feature consumer that lack the awareness regarding the vast benefits of advanced transmission systems and are highly sensitive regarding the cost of advanced vehicles.