In FY 2022, the market for vehicle automatic transmissions will likely be worth US$ 70.34 billion, up from US$ 65 billion in FY 2021. The industry saw a Y-o-Y gain of 8.2% over the past year. The automotive automatic gearbox market is anticipated to grow at a CAGR of 8.2% between 2022 and 2032, reaching a value of US$ 155 billion by the end of that year.
According to the analysis, Fact.MR predicts that over the projection period, demand for automotive gearbox systems will increase at a rate of 8.2% value CAGR. More than 19,200,000 automatic gearboxes will be sold globally in the car industry by the end of 2032.
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Key Highlights
The report has analyzed the expansion of the global automotive automatic transmission market on the basis of vehicles. The adoption of automatic transmission across different types of vehicles continues to vary distinctly. Following insights reveal how different vehicles will exhibit the adoption of automatic transmissions during the forecast period.
1- In 2017, more than 2,320,000 units of automatic transmissions were equipped across mid-sized cars. The report further reveals that mid-sized cars will register highest adoption of automotive automatic transmissions, reflecting a volume CAGR of 9.4% over the forecast period.
2- Through 2026, brimming sales of compact cars will considerably influence the growth of the automotive automatic transmission market. By providing convenient usability, automatic transmissions will be integrated with the working of compact cars.
3- By the end of the forecast period, a little over 12% of the overall automotive automatic transmissions manufactured globally will be used for light commercial vehicles.
4- Heavy commercial vehicles, on the other hand, will register a healthy volume CAGR of 8.1% over the forecast period.
Market Titans
Leading manufacturers of automotive automatic transmissions have been profiled in the report. These include
- Honda Motor Co., Ltd.
- Generac Holdings Inc.
- Yamaha Motor Co. Ltd.
- Hyundai Motor Company
- Champion Power Equipment Inc.
- Wuxi Kipor Power Co. Ltd.
- Toshiba Corporation
- Lifan Industry (Group) Co., Ltd
- Briggs & Stratton Corporation
- Subaru Corporation
- Ryobi Limited
A majority of these companies are likely to expand their manufacturing bases in the APEJ region to capitalize on the existing vast end-use base.
In addition, several market players will be focusing on integrating smart technologies to increase the performance of automotive automatic transmissions and extend their role in improving the working of vehicles.
Competition Tracking
Prominent Automotive Automatic Transmission providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
- In February 2020, Hyundai Motor Company and KIA Motors Corporation announced that they have developed the world’s first predictive Information and Communication Technology (ICT) Connected Shift System, enabling the vehicle to automatically shift to the optimal gear after identifying the road and traffic conditions ahead. Moreover, the two companies are planning to further develop the ICT Connected Shift System into an even more intelligent transmission technology that can communicate with traffic signals based on LTE or 5G communication and identify drivers’ tendencies, resulting in further refinement of gear-shift control.
- In April 2021 – Yamaha Motor Co., Ltd, announced that the company has developed an electric motor reaching the industry’s highest class in output density. This unit is aimed at use in hyper-EV models and other offerings in the high-output mobility segment and Yamaha will begin accepting orders for commissioned prototype development from April this year.
Industry Survey
- Automotive Automatic Transmission by Vehicle Type :Automotive Automatic Transmission for Compact Cars
Automotive Automatic Transmission for Mid-Sized Cars
Automotive Automatic Transmission for Premium Cars
Automotive Automatic Transmission for Luxury Cars
Automotive Automatic Transmission for Light Commercial Vehicles
Automotive Automatic Transmission for Heavy Commercial Vehicles - Automotive Automatic Transmission by Region :North America Automotive Automatic Transmission Market
Latin America Automotive Automatic Transmission Market
Europe Automotive Automatic Transmission Market
Asia Pacific Automotive Automatic Transmission Market
The Middle East & Africa Automotive Automatic Transmission Market
After reading the Market insights of Automotive Automatic Transmission Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Automotive Automatic Transmission market revenue.
- Study the growth outlook of Automotive Automatic Transmission market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Automotive Automatic Transmission market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of Automotive Automatic Transmission Market Players.
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