Fact.MR’s latest forecast study projects that the global automotive automatic transmission market will expand robustly during the assessment period, 2017-2026. According to the study, the global automotive automatic transmission market will expand at a value CAGR of 8.8% over the forecast period. By the end of 2026, more than 19,200,000 units of automatic transmissions will be sold across the automotive industry worldwide.
The growing demand for safety and comfort has driven the technological shift form manual to automatic transmissions. Automatic transmissions are known for less fuel consumption and reduced CO2 emission vis-à-vis manual transmission; automatic protection against stalling when staring off uphill has made it safer. In the urban stop-and-go-traffic, automatic transmissions are prevalent. In addition, functions such as automated parking assistant has propelled the early stage of full automated driving.
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According to the study, robust sale of compact cars is anticipated to have significant influence in the development of the automotive automatic transmission market. The convenient usability features have propelled the automatic transmission market. Meanwhile, with electronic clutch management, the drivers have been able to determine where and how the gear changes. With the automatic shift transfer, the gears are automatically changed; as such, the use of automatic shift transmission in small cars has risen over the years.
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Key Highlights from Fact.MR’s Forecast on Global Automotive Automatic Transmission Market
The report has analyzed the expansion of the global automotive automatic transmission market on the basis of vehicles. The adoption of automatic transmission across different types of vehicles continues to vary distinctly. Following insights reveal how different vehicles will exhibit the adoption of automatic transmissions during the forecast period.
- In 2017, more than 2,320,000 units of automatic transmissions were equipped across mid-sized cars. The report further reveals that mid-sized cars will register highest adoption of automotive automatic transmissions, reflecting a volume CAGR of 9.4% over the forecast period.
- Through 2026, brimming sales of compact cars will considerably influence the growth of the automotive automatic transmission market. By providing convenient usability, automatic transmissions will be integrated with the working of compact cars.
- By the end of the forecast period, a little over 12% of the overall automotive automatic transmissions manufactured globally will be used for light commercial vehicles.
- Heavy commercial vehicles, on the other hand, will register a healthy volume CAGR of 8.1% over the forecast period.
Automotive Automatic Transmission Market: Overview
The report provides a deep dive analysis on the automotive automatic transmission market propelled by quantitative and qualitative analysis. Additionally, the report sheds light on the dynamics of the market that have considerable influence on the growth of the automotive automatic transmission market, namely, drivers, opportunities, restraints and trends. The report delves into the segmentation of the market to offer a holistic approach of the market.
Automotive Automatic Transmission Market: Competitive Landscape
Leading manufacturers of automotive automatic transmissions have been profiled in the report. These include, Honda Motor Co., Ltd., Generac Holdings Inc., Yamaha Motor Co., Ltd., Hyundai Motor Company, Champion Power Equipment, Inc., Wuxi Kipor Power Co. Ltd., Toshiba Corporation, Lifan Industry (Group) Co., Ltd, Briggs & Stratton Corporation, Subaru Corporation and Ryobi Limited. A majority of these companies are likely to expand their manufacturing bases in the APEJ region to capitalize on the existing vast end-use base. In addition, several market players will be focusing on integrating smart technologies to increase the performance of automotive automatic transmissions and extend their role in improving the working of vehicles.
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