Automotive Transmission Market Insights with Revenue Statistics and Growth Prediction 2021 to 2026

By Ronak Bora

The global automotive transmission market has been divided into different domains including transmission segment, engine segment, gear segment, regional outlook, and distribution channels. Highlighting the basics of gear segment, it is observed that automotive industry market from less than 5 gears sector would accrue tremendous gains in the ensuing years, given its rising demand across light duty vehicles due to the product’s fuel and price efficiency.
The thriving automotive industry in conjugation with increased inclination towards use of personal vehicles during the COVID-19 pandemic situation has enabled the global automotive transmission market to carve out a profitable growth map for itself in the upcoming years. Moreover, elevating demand for electrical vehicles owing to the fluctuating fuel prices in tandem with stringent government regulations is anticipated to propel the global market dynamics over 2020 to 2026.
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Distribution channel for automotive transmission systems plays a pivotal role in the overall growth of the market. Speaking of which, OEMs are likely to come up as a strong contender in the near future. For the record, OEMs held around 98 per cent of the product sales in 2019 and projected to grow at a rate of 4 per cent through 2026, subject to the low rate of transmission system replacement. However, reports suggest that after-market is also gaining massive traction globally on the grounds of transcending trend of transmission upgrades, perhaps due to the emergence of new technologies associated with the same.
Elaborating further in the regional aspects, North America is also anticipated to stand tall in the overall automotive transmission market, courtesy- escalating demand for commercial vehicles. In fact, as per OICA statistics, the United States recorded over more than 8 million commercial vehicle production in 2019, a count which is only likely to grow in the upcoming years. Growth in the regional market is poised to predominantly come from government intervention pertaining to the enforcement of numerous regulations to potential manage the goods being carried in the CVs.
Ongoing advancements in the field have compelled automotive transmission market players to brainstorm into the possibilities of novel product launches, potential acquisitions or mergers, and facility expansion. For instance, prominent automakers, Hyundai and Kia have announced working closely for the development of world’s first predictive automatic transmission system. As per reliable reports, both the companies have filed nearly 40 major patents while designing the ICT Connected Shift System in the province of South Korea and overseas. A major benefit produced by the system is that it would allow the vehicle to identify the traffic and road conditions ahead, and automatically shift to optimal gear based on the analysis obtained.
These trends and initiatives offer a glimpse of the impending scenario of the overall automotive transmission market, which as per Global Market Insights, Inc., report would account for a valuation of USD 281.3 billion by the end of 2026.
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Partial Chapter of the Table of Content
Chapter 5. Automotive Transmission Market, By Engine
5.1.  Automotive Transmission industry engine insights
5.2.  IC
5.2.1.     Market estimates and forecast, 2016 - 2026
5.2.2.     Market estimates and forecast by region, 2016 - 2026
5.3.  EV
5.3.1.     Market estimates and forecast, 2016 - 2026
5.3.2.     Market estimates and forecast by region, 2016 - 2026
Chapter 6. Automotive Transmission Market, By Vehicle
6.1.  Automotive Transmission industry vehicle insights
6.2.  Passenger car
6.2.1.     Market estimates and forecast, 2016 - 2026
6.2.2.     Market estimates and forecast by region, 2016 - 2026
6.3.  LCV
6.3.1.     Market estimates and forecast, 2016 - 2026
6.3.2.     Market estimates and forecast by region, 2016 - 2026
6.4.  HCV
Charts & Figures
FIG. 1.      Industry segmentation
FIG. 2.      Automotive Transmission market volume & revenue (Thousand Units, USD Million), 2016 - 2026
FIG. 3.      Industry ecosystem analysis
FIG. 4.      Growth potential analysis
FIG. 5.      Porter’s analysis
FIG. 6.      PESTEL analysis
FIG. 7.      Regional price trends (USD/Unit)
FIG. 8.      Cost structure analysis
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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