Automotive Transmission Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.pdf

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Automotive Transmission Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2021
Demand for Smoother Driving Experience Fuels Automotive Transmission Market
The growing demand for automatic transmission in entry-level vehicles in developing countries is boosting
the global automatic transmission market. The adoption of advanced automotive transmission is witnessing
a remarkable uptake as drivers prefer a smooth driving experience on congested roads due to poorly man-
aged traffic. Additionally, the fuel efficiency brought about by technologically-advanced automotive trans-
mission systems is also bolstering the market’s growth. The introduction of 9-speed automatic transmission
has completely revolutionized the scenario global automotive transmission market; its impact will continue
to be felt in the short term.
According to a research report published by Transparency Market Research, the global automotive trans-
mission market is expected to be worth US$181.8 mn by 2021 growing steadily from US$119.7 mn in
2014, as the market exhibits a CAGR of 5.9% from 2015 to 2021. The growing pressure from governments
across the globe to cut down carbon emissions is also prompting consumers to purchase vehicles with
improved automotive transmission as they render improved fuel efficiency. The emergence of continuous
variable transmission (CVT) will open up new growth avenues for the global market as drivers will prefer
the convenience of shifting gears without any jerks or difficult clutch-brake operation. This technology
will also reduce the number of times the driver will have to shift gears, thus making it a preferred choice
in the near future.
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Asia Pacific Marks its Dominance as Vehicle Sales Show Steep Growth
The report suggests that Asia Pacific has a strong foothold in the automotive transmission market with
Japan dominating the luxury car segment, while India presenting a phenomenal scope for growth across
all vehicle segments. The Asia Pacific segment is expected to rise at CAGR of 6.6% between 2015 and
2021 with rapid infrastructural developments that require a strong support from all t ypes of vehicles to
speed up construction activities.
Additionally, a growing business class across China and India with higher disposable income are also
boosting the automotive transmission market in Asia Pacific. This region will make a significant contribu-
tion to the passenger car segment as the majority of consumers are opting for advanced transmission that
delivers reduced fuel consumption and driving comfort.
This 97-page report gives readers a comprehensive overview of the Automotive Transmission
Market. Browse to unlock the hidden opportunities in this [email protected]
Automatic Transmission Poised to be the Technology of Choice
The types of automotive transmission can be divided into manual and automatic. Currently manual trans-
mission dominates the global market; however, automatic is estimated to be the emerging technology dur-
ing the forecast period. Analysts predict that the automatic transmission segment w ill expand at a CAGR
of 6.9% between 2015 and 2021. Improvements in the driving experience, added comfort, and convenience
on congested roads, are fueling the d emand for automatic transmission. Moreover, the added ben efit of
fuel efficiency is expected to tip the scales in favor of automatic automotive transmission in the years
The growing demand for an automatic transmission in small car segment is yet another reason prop elling
this type segment. Owing to these reasons, the opportunity in the automatic transmission segment will be
worth US$71.2 mn by 2021.
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