The worldwide automotive industry is seeing a gradual move from manual to automatic transmission as electric and hybrid engines become more common. Automatic gearboxes’ effectiveness in providing a handy mode for improving vehicle performance has sped up their adoption in the worldwide automotive environment.
According to Fact.MR’s forecast report, the global automobile automatic transmission market is expected to grow at a healthy rate from 2017 to 2026. The global automotive automatic transmission market will grow at a volume CAGR of 8.2 percent over the projected period, according to the report’s key findings. According to the analysis, the global market for vehicle automatic transmission will reach a value of US$ 5 billion by the end of 2026.
Automotive Automatic Transmission Market: 4 Key Highlights
- Automatic transmissions were installed in more than 2,320,000 mid-sized cars in 2017. Mid-sized cars will have the largest adoption of automotive automatic gearboxes, according to the analysis, with a volume CAGR of 9.4 percent during the projected period.
- Compact car sales will have a significant impact on the growth of the automotive automatic transmission market through 2026. Automatic transmissions will be integrated into the operation of compact cars by enabling convenient usability.
- By the conclusion of the predicted period, light commercial vehicles will account for just over 12% of all automotive automatic gearboxes produced worldwide.
- Heavy commercial vehicles, on the other hand, are expected to grow at a strong 8.1 percent volume CAGR during the projection period.
According to geographical data, the Asia-Pacific except Japan (APEJ) area is the largest market for vehicle automatic transmission. During the projected period, the high-growing automotive industry, with China, South Korea, and India as the world’s major automotive makers, will continue to drive the growth of APEJ’s automobile automatic transmission market. More than 5,283,000 units of vehicle automatic gearboxes are estimated to be sold in the APEJ region by the end of 2026.
Automotive Automatic Transmission Market
Automatic transmissions have a competitive advantage over manual gearboxes in terms of successfully handling acceleration needs.
Close clutch engagement in automotive automatic gearboxes allows the driver to shift gears more quickly, which is a significant benefit for mid-sized cars.
According to the analysis, automatic gearboxes will be installed in approximately 5,230,000 mid-sized cars worldwide by the end of 2026.
Compact automobiles, light commercial vehicles, and heavy commercial vehicles will all see significant growth, with CAGRs of more than 8% in terms of volume during the projected period, according to the analysis.
Nearly 3,500,000 units of automotive automatic gearboxes will be installed in large and light commercial vehicles by the end of the projection period.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=475
