The latest report on Automotive Transmission System Market by Infinium Global Research gives complete coverage of the automotive transmission system market by transmission type (transmission type – hydraulic transmission system, and mechanical transmission system), vehicle type (passenger vehicles, commercial vehicles), region (North America, Europe, Asia-Pacific, and Rest of the World) 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 automotive transmission systems such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Advantage of Using Automatic Transmission is that the Car Decides When to Shift and Automatically Changes Gears for the Driver
The function of any transmission is transferring engine power to the driveshaft and rear wheels. Gears inside the transmission change the vehicle’s drive-wheel speed and torque in relation to engine speed and torque. Moreover, the transmission system provides means of connection and disconnection of the engine with the rest of the powertrain without shock. Manual transmission or an automatic transmission is used in the automotive transmission system market.
The advantage of using automatic transmission is that the car decides when to shift and automatically changes gears for the driver whereas in manual transmission the driver is responsible for changing the gears of the car. The efficient transmission system allows the vehicle to attain high cruise speed while providing the necessary safety. The transmission system is composed of the clutch, the gearbox, propeller shaft, universal joints, rear axle, and wheels.
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Increased Vehicle Production and Increased Adoption of the Automatic and Semi-Automatic Transmission System in the Vehicle
Consumer preference for improved driving experience and smooth gear shifting drives the growth of the automotive transmission system market. Moreover, the growing demand for automatic and semi-automatic transmission systems used in the vehicles to escalate the revenues of the OEM manufacturers. Strong demand from the passenger and commercial vehicles is augmenting the automotive transmission system market.
Moreover, increasing per capita income among individuals in emerging countries such as India, China, and Mexico has led to an increase buying of automotive transmission system markets. However, economic slowdown and political instability in particular regions may affect the growth rate of the automotive transmission system market. With the increasing inclination towards the adoption of the automatic transmission system coupled with rising disposable income, the market of automotive transmission is expected to increase, in terms of value.
Geographically, the Asia Pacific region held the highest market share in the automotive transmission system market. Increased vehicle production and increased adoption of the automatic and semi-automatic transmission system in the vehicle is primarily driving the demand for the automotive transmission system market. Countries like India and China have the highest number of passenger car sales in this region. With rising disposable income and increase per capita spending the demand for the automotive transmission system market is expected to rise. Regions such as the Middle East & Africa and South America are expected to grow at a significant rate during the forecast period, owing to a recovery in their respective economies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive transmission system.
- Complete coverage of all the product types 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.