Global Automotive Automatic Transmission Market: Major Highlights for Assessment Period, 2017 – 2026
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.
[USPRwire, Tue Feb 26 2019] 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.
With emergence of electric and hybrid engines, the global automotive industry is witnessing a growing shift from manual to automatic transmission. The efficiency of automatic transmissions in providing a convenient mode for elevating the performance of vehicles has driven its adoption in the global automotive landscape. OEMs are developing their products and components by considering their end-use in automotive automatic transmissions. Moreover, automotive automatic transmissions are being recognized for their exceptional strength characteristics. The ability of automatic transmissions in increasing the amount of surface contact between the gears is driving their demand.
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Compared to manual transmissions, automatic transmissions exhibit a competitive advantage of managing the acceleration needs effectively. Close engagement of clutches in automotive automatic transmissions enable the driver to shift the gears faster, which is of great advantage for mid-sized cars. The report estimates that throughout the forecast period, mid-sized cars will represent the leading vehicle segment, accounting for more than one-fourth share on global market volumes. The report estimates that by the end of 2026, over 5,230,000 units of automatic transmissions will be equipped across mid-sized cars worldwide.
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- 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.
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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.