Global Automotive Automatic Transmission System Market Outlook To 2023 Research

Posted by Abhijeet Bendre on March 4th, 2019

Market Research Future (MRFR) has published a research report about the global automatic transmission system market that envisions progress for the market with 6% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.

The global Automatic Transmission System Market has been segmented on the basis of type, fuel type, vehicle type, and lastly, region. By types, this market has been segmented into te automated manual transmission (AMT), continuously variable transmission (CVT), and dual-Clutch transmission (DCT). On the basis of fuel, the market has been segmented into diesel, gasoline, and hybrid. Based on vehicle type, the market has been segmented into the light commercial vehicle (LCV), heavy commercial vehicle (HCV), and a passenger car.

The key players in global automotive automatic transmission system market are Magna International Inc. (Canada), Aisin Seiki Co., Ltd. (Japan), ZF Friedrichshafen AG (Germany), GETRAG (Germany) and JATCO Ltd. (Japan). Eaton Corporation PLC (Republic of Ireland), Continental AG (Germany), Allison Transmission (U.S.), BorgWarner Inc. (U.S.), and GKN PLC (U.K.) are among other important players in the market.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The North America market currently leads in terms of global demand for automobiles with automatic transmission. The primary reason for this is the unpopular public transport in U.S., which increases the use of personal automobiles. Passenger vehicles in U.S. are required to cover huge distances and thus, hassle-free automatic transmission is more preferred than the enhanced skill requiring manual transmission. The Asia Pacific market is the fastest growing market for the automatic transmission since the automobile sales are registering the highest growth rate in this region. The lowering dependence on the public transport in this region increases to the preference for family cars, which are driven by all the family members. Thus, the global automatic transmission market will witness continuous growth in the foreseeable future.

The report for Global Automotive Automatic Transmission System Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Get more Information on @

https://www.marketwatch.com/press-release/automotive-automatic-transmission-market-2018-global-growth-size-trends-share-industry-analysis-competitive-landscape-opportunities-and-regional-forecast-to-2023-2018-12-04

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Abhijeet Bendre

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Abhijeet Bendre
Joined: February 20th, 2018
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