SEATTLE, April 26, 2022 (GLOBE NEWSWIRE) — The Global Automotive Transmission Market was valued at $24,356 million in 2021 and is expected to reach $47,538 million by the end of 2030.

An automotive transmission is a rotating part with teeth that transmits torque by meshing with another toothed machine element or gear. From prototype manual shifters to automatic transmission systems in today’s vehicles, the market for automotive transmissions has evolved rapidly. Automatic transmissions have gained momentum in the automotive transmission market due to improved product life and fuel efficiency of vehicles. A technologically designed transmission system contributes to the smooth operation of the engine and prevents engine losses due to friction and lubrication.

market leader

Product Differentiation Factor

As most manufacturers such as ZF Friedrichshafen AG, a global technology company, Showa Corporation, a maker of high-performance automotive, motorcycle and outboard suspension systems, compete to maintain or increase their market share, some of the key players are investing in innovating their Product offering by integrating dual clutch transmission technology into vehicles. To solve the problem of high fuel prices, car manufacturers (Original Equipment Manufacturers) are focusing on the development of higher fuel efficiency and robust DCT (Dual Clutch Transmission) technology. The integration of fast and fuel-efficient dual-clutch transmissions has become a product differentiator for automotive OEMs such as Ford, BMW and Volkswagen. DCT technology offers automotive OEMs an option to make their vehicles more fuel efficient.

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For example, ZF Friedrichshafen AG, a technology provider in the automotive industry, launched an automatic transmission system “EcoLife 2” for buses in October 2019. This new automatic transmission system can reduce fuel consumption by 3% compared to conventional automatic transmission systems.

market opportunities

Manufacturers of automotive equipment have a high business potential in the passenger car segment in the emerging countries of the Asia-Pacific region

Automakers have invested in automated manual transmission (AMT) technology to significantly improve the performance and efficiency of automatic transmission passenger cars. In the Asia-Pacific region, consumer preference for the introduction of automatic passenger cars is increasing, due to the widespread use of the automatic manual transmission systems in modern cars, which facilitate driving in congested areas. The shift in consumer preferences creates a tremendous opportunity for AMT transmission manufacturers to expand their presence in the APAC region to capture significant market share in the growing passenger vehicle market.

According to a 2019 WMR analysis, around 17.4% of passenger cars sold in the Indian market were equipped with automatic transmissions. The market for AMT gears in India has been growing at a rate of 4.3% over the past 5 years. However, according to Auto Tech Review magazine, a technology business magazine, in 2020, 1 in 5 cars sold in the Indian market is equipped with automatic transmission systems.

market trends

It is estimated that the lightweight and high-strength aluminum and composite gears will gain in popularity as their market witnesses significant growth over the forecast period. Parallel shaft gears and helical shaft gears together are expected to account for a large market share of the overall automotive transmission market during the forecast period.

The emergence of eco-friendly initiatives, including CO2 and NOX reduction and minimizing dependence on conventional fuels across the automotive sector, motivates OEMs to opt for technologically advanced and eco-friendly solutions for existing automobiles. In addition, government regulations on CO2 emissions also promote the use of renewable fuels and innovative energy-efficient vehicle transmissions. For example, the European Parliament and Council adopted Regulation (EU) 2019/631, which introduces CO2 emission standards for new passenger cars and new vans, and also encourages the use of electric vehicles (EV) and hybrid vehicles. Electric vehicles run exclusively on electricity, which ultimately reduces dependence on conventional fuels and also reduces CO2 emissions.

For example, in September 2019, AmTech International, a manufacturer of planetary gears, planetary drive parts, transmissions, and transmission assemblies, released three variants of transmission shafts: transmission countershaft, transmission input shaft, and transmission output shaft. All of these shafts are used in manual transmissions.

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competitive landscape

Major companies operating in the global Automotive Transmissions Market include American Axle & Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd, Cone Drive, Dynamatic Technologies Limited, Franz Morat Holding GmbH & Co. KG, Gleason Corporation, IMS Gear SE & Co KGaA, Robert Bosch GmbH, RSB Group, Showa Corporation, UAG LLP and ZF Friedrichshafen AG.

Market segmentation:

• By gear type:
  • planetary
  • spur gear
  • helical gearing
  • Other.
• By transmission type:
  • Manual
  • Automatically
  • Automated Manual Transmission (AMT)
  • Double clutch
  • Hybrid
• By gear material:
  • ferrous metals
  • composite
  • Other
• By vehicle type:
  • passenger vehicles
    Light Commercial Vehicles
  • Heavy commercial vehicles
  • electric vehicles

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