Innovative Trends Steer Global Demand for Automotive Automatic Transmission

Posted by Arslan on October 7th, 2019

Fact.MR’s latest forecast study observes that global automotive automatic transmission market is pegged to expand at a robust pace during the period, 2017-2026. According to the study, the global automotive automatic transmission market will expand at a value CAGR of 8.8% over the forecast period. By the end of 2026, more than 19,200,000 units of automatic transmissions will be sold across the automotive industry worldwide. With emergence of electric and hybrid engines, the global automotive industry is witnessing a growing shift from manual to automatic transmission. The efficiency of automatic transmissions in providing a convenient mode for elevating the performance of vehicles has driven its adoption in the global automotive landscape. OEMs are developing their products and components by considering their end-use in automotive automatic transmissions. Moreover, automotive automatic transmissions are being recognized for their exceptional strength characteristics.

Gear shifting technologies and mechanics associated to fuel transmission play a key role in the working of vehicles. Effective transmission leads to effective performance of automotive vehicles. With emergence of advanced automotive engines and the arrival of EVs and hybrids, vehicle owners are gradually shifting their preferences from manual to automatic transmissions. Faster and smooth gear-shifting abilities of automatic transmissions are driving their demand across the global automotive landscape. Low involvement of driver movements is further extending the drivability of vehicles equipped with automotive automatic transmissions.

Compared to manual transmissions, automatic transmissions exhibit a competitive advantage of managing the acceleration needs effectively. Close engagement of clutches in automotive automatic transmissions enable the driver to shift the gears faster, which is of great advantage for mid-sized cars. The report estimates that throughout the forecast period, mid-sized cars will represent the leading vehicle segment, accounting for more than one-fourth share on global market volumes. The report estimates that by the end of 2026, over 5,230,000 units of automatic transmissions will be equipped across mid-sized cars worldwide.

The report also reveals that compact cars, light commercial vehicles and heavy commercial vehicles will register healthy growth, and reflect more than 8% CAGRs in terms of volumes during the forecast period. By the end of the forecast period, nearly 3,500,000 units of automotive automatic transmissions will be installed across heavy and light commercial vehicles collectively. The report also reveals that in 2017, nearly 2,000,000 units of automotive automatic transmissions were installed across compact cars in the world. The report further reveals that the demand for automotive automatic transmission will be high in North America and Europe, while the Asia-Pacific excluding Japan (APEJ) region will be observed as the largest producer of automotive automatic transmissions. By 2026-end, the APEJ automotive automatic transmission market will be at the forefront of global expansion, registering sales of over 5,283,000 units of automatic transmissions.

Competition Tracking

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 and 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.

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In terms of geographical analysis, the Asia-Pacific excluding Japan (APEJ) region has been observed as the largest marketplace for automotive automatic transmission. High-growth automotive industry, with China, South Korea and India as the world’s largest automotive producers, and favorable industrial regulations will continue to drive the growth of APEJ’s automotive automatic transmission market during the forecast period. By the end of 2026, more than 5,283,000 units of automotive automatic transmissions are expected to be sold in the APEJ region.