Automotive Automatic Transmission Market: More than 2,320,000 units of Automatic Transmissions were Equipped Across Mid-Sized Cars
June 18, 2019 by Steve Blade
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Fact.MR’s latest forecast study projects that the global automotive automatic transmission market will expand robustly during the assessment 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.
The growing demand for safety and comfort has driven the technological shift form manual to automatic transmissions. Automatic transmissions are known for less fuel consumption and reduced CO2 emission vis-à-vis manual transmission; automatic protection against stalling when staring off uphill has made it safer. In the urban stop-and-go-traffic, automatic transmissions are prevalent. In addition, functions such as automated parking assistant has propelled the early stage of full automated driving.
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According to the study, robust sale of compact cars is anticipated to have significant influence in the development of the automotive automatic transmission market. The convenient usability features have propelled the automatic transmission market. Meanwhile, with electronic clutch management, the drivers have been able to determine where and how the gear changes. With the automatic shift transfer, the gears are automatically changed; as such, the use of automatic shift transmission in small cars has risen over the years.
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.
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Key Highlights from Fact.MR’s Forecast on Global Automotive Automatic Transmission Market
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.
Automotive Automatic Transmission Market: Competitive Landscape
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.
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