Automotive Transmission Market Size, Share, Growth And Manufacturer AnalysisPosted by Neha Bora on January 31st, 2020 San Francisco, 31 January 2020: The Report Automotive Transmission Market Analysis By Transmission Type (Manual and Automatic), By Fuel Type (Gasoline, and Diesel), By Vehicle Type (Passenger Cars, LCVs, ICVs, HCVs, Off-road, Construction, Defense and Farm Tractors) And Segment Forecasts To 2024 The global automotive transmission market size is expected to reach USD 259.1 million by 2024 according to a new report by Grand View Research, Inc. Increasing emission standards worldwide is one of the key reasons driving the growth of automotive transmission market. Gasoline engines emit toxic gasses and particles that are hazardous to the environment. Rising pollution and global warming effect has led to the implementation of various government regulation relating to vehicular emissions. Such guidelines have enforced the component suppliers to produce high-efficiency environment-friendly transmission systems for domestic and international markets. Further, growing adoption for Automatic Manual Transmission (AMT) in the automotive industry is expected to fuel the demand over the forecast period. AMT is more efficient than other transmission systems and is easy to manufacture at low cost. Increasing adoption of AMT across compact cars segment is anticipated to grow further over the next few years. Growing prominence for electrified transmissions among automotive manufacturers is expected to witness increasing penetration across regions including Europe and North America. Rising focus on hybrid vehicles and their positive impact on fuel economy and emissions in these regions will contribute to the adoption of the transmission systems. Access Research Report of Automotive Transmission Market @ https://www.grandviewresearch.com/industry-analysis/automotive-transmission-market Further key findings from the report suggest:
Grand View Research has segmented the global automotive transmission market on the basis of transmission type, fuel type, vehicle type and region: Automotive Transmission Type Outlook (Revenue, USD Million, 2014 - 2024)
Automotive Transmission Fuel Type Outlook (Revenue, USD Million, 2014 - 2024)
Automotive Transmission Vehicle Type Outlook (Revenue, USD Million, 2014 - 2024)
Automotive Transmission Regional Outlook (USD Million, 2014 - 2024)
Like it? Share it!More by this author |