Gasoline-powered Passenger Cars Lead Demand from Global Automotive Transmission Market, Diesel Cars to Take Over

A vehicle’s gearbox is the core device that helps a driver control the engine’s power. Transmission systems use geartrains that use the driver’s input to generate the desired torque and speed. Automobiles typically make use of hydraulic transmissions, which involves fluid coupling rather than a friction clutch. Gear changes are carried out by a system of planetary gears that lock and unlock with each other as required.

The global automotive transmission market is expected to exhibit a CAGR of 5.90% between 2015 and 2021. The market’s recorded value in 2014 was US$119.7 mn. This market could possibly reach an overall value of US$181.8 mn by the end of 2021.Automotive transmissions deliver the torque changes from the engine to the drive wheels through a structure of different gear ratios. Automobiles are incorporated with either manual, automatic, or semi-automatic transmission systems. Previously, typical transmission systems used a 4-speed or 5-speed transmission. Modern vehicles employ 6-, 7-, 8-, or even 9-speed transmissions, which potentially increases driving comfort and enhances the overall fuel efficiency of the vehicle.

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Key companies in the global automotive transmission market are GKN PLC, Aisin SEIKI Co. Ltd., BorgWarner Inc., Allison Transmission, ZF Friedrichshafen, Continental AG, Eaton Corporation, and Magna International Inc.

Global Automotive Transmission Market Dominated by Manual Gear Segment
 

The global automotive transmission market is divided into automatic and manual in terms of transmission type. Of the two, the global automotive transmission market was led by manual transmission in 2014, when it held over 60.0% of the market. It is the most preferred transmission system in Asia Pacific and Europe, both of which house a booming automotive industry. The future of the global automotive transmission market is, however, expected to be dominated by automatic transmission. Improving automatic transmission technology in terms of smoother gear transitions and fuel efficiency will generate a shift in consumer preference towards automatic transmission.

Gasoline Vehicles Drive Global Automotive Transmission Market
 

In terms of fuel type, the global automotive transmission market is divided primarily into gasoline and diesel, along with other minor fuel sources. Of the two major types, the global automotive transmission market is boosted mostly by the consistently high demand for gasoline vehicles, as the segment dominated the market in 2014. The lead in the market, however, is expected to shift towards diesel in the near future, while alternative fuel sources rapidly gain ground to bring an increasing number of electric and hybrid vehicles into commercial stores.

Asia Pacific Leads Global Automotive Transmission Market
 

Geographically, the global automotive transmission market was led by Asia Pacific in 2014, as it was the largest automotive market in the world, which consequently led to growth in demand from the global automotive transmission market. The Asia Pacific region held 34.0% of the global automotive transmission market in 2014, mostly due to the nations of China and India showing a rapid growth in demand for automotive hardware.Owing to the rising disposable incomes and need for better modes of personal conveyance, the global automotive transmission market will continue to be driven by the segment of passenger cars in the near future.

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