The latest report on Automatic Transmission Market by Infinium Global Research gives complete coverage of the automatic transmission market by y transmission type (automatic transmission, automated manual transmission, dual-clutch transmission (DCT), continuous variable transmission (CVT), manual transmission), vehicle type (commercial vehicle, passenger vehicle) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automatic transmission such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Automatic Transmission Market Worldwide is the Ease of Use, Convenience and Power Delivery of Automatic Transmission and The Accuracy
The transmission helps a vehicle or a machine to transfer the power from the engine to the driveshaft and the differential to let the wheels turn. The transmission changes the torque and the speed by changing the transmission ratios and enables the car to start with high torque. An automatic transmission system does not require manual shifting after switching on the gear. There are many different types of automatic transmissions, which are developed over time, including the conventional automatic transmission (AT), the automated manual transmission (AMT), dual-clutch automatic transmission (DCT) and continuously variable transmission (CVT).
The basic driving factors for the automatic transmission market worldwide are the ease of use, convenience and power delivery of automatic transmission and the accuracy and effortlessness of shifting gears. The automatic transmission is far superior to the traditional manual transmission with respect to performance and efficiency. Vehicles with automatic transmission are fuel-efficient as compared to the manual transmission ones. This also has helped the market to grow. Apart from this, the growing demand for electric vehicles has also increased the demand for an automatic transmission as mostly electric vehicles have automatic transmission implemented in them.
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The Luxury Vehicle Market Is Growing Which in Turn Would Help the Automatic Transmission Market to Grow
However, with all the benefits of an automatic transmission, its cost is a main concern for the customers. The cost of automatic transmission and ultimately the cost of the vehicle with automatic transmission are high compared to the manual transmission vehicle. It would hamper the growth of the market. The luxury vehicle market is growing which in turn would help the automatic transmission market to grow as well, as most of the luxury cars come with automatic transmission.
Region-wise, Asia-Pacific has the largest market share in the global automatic transmission market. Asia-Pacific region has the highest population and has a high demand for automatic transmission passenger vehicles. Some of the Asian countries have adopted electric passenger vehicles for public transport. Growing demand for passenger vehicles, heavy vehicles, and electric vehicles have contributed to retaining the dominance of the Asia-Pacific region in the global automatic transmission market.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automatic transmission.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.