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Automotive Transmission Market Size
- Report ID: GMI1445
- Published Date: Sep 2020
- Report Format: PDF
Automotive Transmission Market Size
Automotive Transmission Market size valued at over USD 236.4 billion in 2019 and is estimated to exhibit around 4.3% CAGR from 2020 to 2026. The transmission system provides a smooth and comfortable drive by transmitting the optimal power from the engine to wheels through the gearbox. As it is used in every vehicle, automotive sector growth is directly proportional to the automotive transmission industry growth. Growing automotive production across the globe is anticipated to boost the transmission system demand.
The automotive industry has been experiencing growth in demand from past several years on account of increasing urbanization and disposable income in emerging economies such as India, Bangladesh, Vietnam, etc. However, the recent outbreak of COVID-19 will hamper the automotive transmission market growth to some extent. Lockdowns across major economies resulted into the closure of manufacturing facilities and disruption in automotive parts export and import.
Automotive is one of the highly affected industries by the COVID-19 pandemic and is likely to take some time to recover from it. However, due to the COVID-19, people are expected to prefer private cars instead of public transport, which will propel the market demand in coming years.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Automotive Transmission Market Size in 2019: | USD 236.4 Billion |
| Forecast Period: | 2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR: | 4.3% |
| 2026 Value Projection: | USD 281.3 Billion |
| Historical Data for: | 2016 to 2019 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 348 |
| Segments covered: | By Transmission (IC{Manual Transmission, Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission, Continuous Variable Transmission} EV{Single Speed Transmission, Multi Speed Transmission}) By Engine (IC, EV) By Vehicle (Passenger Cars, LCV, HCV) By Gear(Less Than 5, 5 to 6, 7 to 8, Above 8) By Distribution (OEM, After Market) |
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Frequently Asked Questions (FAQ) :
Automotive Transmission Market Scope
