Recently published research from Markets and Markets, "Automotive Transmission Market - Trends & Forecast to 2019", is now available at Fast Market Research

[USPRwire, Mon Dec 22 2014] Automotive Transmission Market by Vehicle Type (Passenger Car, LCV, & HCV), Transmission Type (Manual, Automatic, AMT, & CVT), & Region (Asia-Oceania, Europe, North America, & ROW), Industry - Trends & Forecast to 2019

A transmission system is one of the vital components of an automobile that propagates power from the engine to the wheels in order to set the vehicle in motion. This system utilizes the clutch and gears to provide speed and torque conversions from crank shaft to wheels. Transmission systems have been evolving from manual to automatic or from 5 speed gears to even 16 speed gears.

Changing consumer needs such as better vehicle performance requirements, improved fuel economy, enhanced driving experience, and greater power requirements have led to tremendous changes and developments in transmission systems, giving rise to dual-clutch, continuously variable, and infinitely variable transmission systems. On the other hand, in order to meet stringent carbon emission norms and to reduce transmission power response time, automakers are investing heavily in research & development to improve vehicle performance, which is also helping the improvement of transmission systems.

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The global automotive transmission market size, in terms of volume, is projected to reach 125,801.9 thousand units by 2019 at a CAGR of 5.95% between 2014 and 2019. The largest vehicle producer, Asia-Oceania is anticipated to grow at a CAGR of 6.22% during the study period. Factors contributing to the growth of the automotive transmission market include enhanced driving experience (in terms of smooth gear shifting and improved acceleration) and increasing demand for low carbon footprint technologies. The factors restricting the growth of the market are the high cost of high-end transmission systems and low penetration of advanced transmission systems in high-volume markets. In the context of improved fuel efficiency and low emissions, the global automotive transmission market is highly opportunistic, owing to the increasing demand for hybrid vehicles and introduction of technologies such as continuously variable transmission and dual-clutch transmission.

This report covers the global automotive transmission market and is broadly segmented by region (Asia-Oceania, Europe, North America, and RoW) focusing on key countries in each region. The market is further segmented by transmission type [Manual Transmission (MT), Automatic Transmission (AT), Automated Manual Transmission (AMT), and Continuously Variable Transmission (CVT)], and by vehicle type [Passenger cars (PC), light commercial vehicles (LCV), and heavy commercial vehicles (HCV)].

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