Automobile demand is increasing, particularly in Asia Pacific and Latin America, which is favourably impacting the global market for Automatic Automotive Transmission Systems. Increased sales of low- and mid-range vehicles in nations like China, India, and Brazil are presenting profitable opportunities for the automotive industry as a whole.
According to Fact.MR’s analysis, the global market for Automatic Automotive Transmission System will grow at a CAGR of 5% over the next five years (2017-2022). Furthermore, the introduction of next-generation cars with fully automatic and semi-automatic transmission systems is expected to boost market growth in the coming years. Such transmission systems are currently available in the mid- and low-range segments, in addition to luxury versions.
Automatic Automotive Transmission System Market: Key Takeaways
- In comparison to other gearbox types, manual transmission use is predicted to stay robust over the next five years. By 2022, the manual category is predicted to have a market value of US$ 26,020 Mn, indicating a consistent CAGR.
- Throughout the forecast period, the passenger car sector is likely to remain the largest section of the market. This area is expected to provide a total potential of US$ 5,897.2 million between 2017 and 2022. In the meantime, the LVC segment is likely to maintain its second-place position through 2022.
- During the projection period, the diesel segment is predicted to account for a bigger value share of the market than the gasoline segment, based on fuel type. By 2022, the diesel segment is predicted to grow at a moderate CAGR, reaching US$ 30,821.5 Mn.
- During the assessment period, the market for Automatic Automotive Transmission Systems in Asia Pacific excluding Japan (APEJ) is expected to be very attractive. Furthermore, the market in the region is predicted to grow at a rapid rate from 2017 to 2022.
- Europe and North America will continue to be important regions because a number of major OEMs and carmakers are situated in nations like Germany, France, the United Kingdom, and the United States.
How will Tightening Regulatory Frameworks Push Forward Uptake of Efficient Automatic Automotive Transmission Systems?
Automobile emissions have become a source of worry, and nations all over the world are enacting tight regulation regimes to reduce them. These are primarily aimed at enhancing automotive performance by focusing on vehicle shifting.
For example, all multi-purpose vehicles (MPVs), trucks, and buses must be fitted with braking effects for automatic transmissions at speeds below 25 mph, according to FMVSS 102. This standard applies to trucks, buses, and MPVs with a gross vehicle weight rating (GVWR) of 10,000 pounds or more.
A dual credit system has been proposed in China, as part of the New Energy Vehicle (NEV) Policy, which ties strict emission limits for expanded NEV passenger vehicle production, and is applicable to makers or importers of over 30,000 units of conventional automobiles.
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