The automotive industry growth is enriched by incremental improvements in technologies including in automotive transmission. Disruptive technologies have certainly emerged, but have been not frequent. Automotive companies in the automotive transmission market—OEMs and vehicle manufacturers—have reaped profitability gains by riding on the back of new powertrain technologies that meet the customer requirements and demands. For the last couple of decades, manual transmissions have had hinged customer choices in the automotive transmission market.
With time, automotive industries began to show interest for state-of-the art automotive systems comprising sensors, computer-assisted technologies, and innovative control mechanism. Developments in the automotive transmission market in these directions have been stridently spurred by the vast customer proposition of balancing the cost of the systems with new performance parameters such as torque efficiencies. Subsequently, automotive transmission manufacturers were able to enchant and allure customers and car buyers with automatic transmission schemes. Automotive transmission market report finds that there has been a global shift toward automatic transmissions.
What are Major Development Trends in Automotive Transmission Market
Product portfolio featuring new design options cater to variety to automotive transmission systems including manual ones. Development trends in the automotive transmission market broadly pivot on advancements in manufacturing technologies and the growth strategies being adopted by top players together with the role of external environmental factors of the industry. Legal and macroeconomic scenarios in emerging economies fuel the commercialization of types of automotive transmissions. The choice of the technology depends on multiple factors. Some of the advanced schemes used are dual-clutch transmission (DCT) and continuously variable transmission (CVT).
What Transmission Schemes to Stay Lucrative?
Sales of vehicles containing manual transmission have diminished substantially globally especially in developed nations. There is a notable shift toward automatic transmission technologies. Manufacturers over the years have been able to modify the design parameters to test and adopt automatic schemes to replace manual transmission. Especially in passenger cars, the shift has been evident, and the trends are shaping the current developments of the automotive transmission market. The commercialization of new schemes to support automatic transmission (AT) and dual-clutch transmission and continuously variable transmission are expanding the revenue potential for firms in the automotive transmission market.
Automakers Shift Gears with Automotive Transmission in Passenger Vehicles
A clutch of companies in the automotive transmission market are expanding their product portfolio to support the wide-scale adoption of automatic transmission. They are committing huge R&D spending on test new design and gear box schemes. Cases in points are recent product development initiatives by heavyweights such as Ford, GM, Honda, Hyundai, Nissan, Toyota, and Kia. Automotive transmission market report has found that automotive companies in European countries have been equipping their new models of passenger vehicles with dual-clutch transmission (DCT) and continuously variable transmission (CVT). In the same vein, a few vehicle manufacturers are testing the success of advanced automotive transmission for commercial vehicles; a case in point is efforts by Tata Motors.
Stringent Implementation of Legislations on Fuel Efficiency Reinforce Abundant Avenues
Legislation pertaining to fuel efficiency have bene crucial for shaping the growth trajectories of the automotive transmission market. Customers and industry stakeholders have not just witnessed but have fervently embraced new transmission schemes that have hit the road from the growing trend of electrification of the automotive transmission. Use of advanced motors in hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) have boosted the market prospects of conventional automatic transmission systems.
Rapid Shift Toward Electrification to Expand Horizon
The transmission electrification is likely to help companies shore up their profits in the automotive transmission market, at least for the next few years. Stable revenues will also emanate from constant ush for electrification of the transportation sector in several emerging and developed nations. Thus, leading automakers are buoyant of new revenue streams in next-gen automatic transmission technologies for both passenger and commercial vehicles.