Acumen Research and Consulting estimates that global Automotive Gearbox market is expected to reach the market value of around US$ 142 Bn by 2027 and is anticipated to grow at a CAGR of around 5% in terms of revenue during the forecast period 2020 – 2027.
The automotive gearbox is a significant mechanical part of the automotive power train that regulates the flywheel speed and transmits torque at the necessary speed from the engine to the wheels. The automotive gear box is used to obtain variable speed and torque in compliance with the driver's specifications. The number of gears in an auto gearbox depends on the engine RPM and the torque of the motor, from three gears to eight gages. In addition, the appropriate automotive gearbox also depends on the vehicle type. The automotive gearbox is a key component for achieving the required level of car efficiency. The success of the automotive gearbox industry depends on its rise in the parent sector.
The report provides analysis of global Automotive Gearbox market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
The automobile gearbox market is expected to be driven by rising customer demand for smooth riding experience. 6 speed and 7 speed gearboxes are available for luxurious and compact cars. The gear shift is smoothed and increases driving thanks to more gears. As a result, the demand for luxury and driving comfort is projected to increase. The demand for luxury & premium in North America and Europe is high and the auto gearbox market in these regions is expected to increase in turn. Within those countries, accelerated economic growth is growing within Latin America and Asia Pacific. The demand for automobile gearboxes in these regions is in effect enhancing this. Infrastructure innovations are increasing demand for commercial goods logistics vehicles, which in turn fuel the market for automotive gearboxes. As a major driver of the auto gearbox market in the region, the growing sales of passenger vehicles are also expected. The automatic transmission or transmission box reduces human intervention and is therefore estimated to be the result of a significant demand. The global demand for light-duty vehicles and SUVs will also raise the overall market for automotive gearboxes.
In terms of value, the segment of the automotive gearbox is estimated to grow significantly
It is predicted that the automotive gearbox demand for automatic transfer will rise at a high value rate during the forecast period. The growing demand for convenient driving and comfort has led to the adoption in both Asia Pacific and RoW of automated transmission systems that drive the automatic transmission
The passenger car category is expected to be the highest in the market for automotive gearboxes by size
It is projected that the passenger car industry is the largest component of the automobile transmission market by vehicle size. The passenger car market is powered by the global rise in passenger car production, strong demand for high-quality vehicles and USV and high output demands of individual cars. In comparison, the worldwide market for passenger cars is higher than that for commercial vehicles and is projected to continue to rise.
The market research study on “Automotive Gearbox Market (Automotive Gearbox Market By Transmission: Automatic transmission, Manual transmission, Dual clutch transmission, Automated manual transmission, Continuously variable transmission; Automotive Gearbox Market By Vehicle: Commercial Vehicles, Passenger Cars; Automotive Gearbox Market By Forward Gears: above 10, 9 – 10, 7 – 8, 5 – 6, less than 5) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive Gearbox market entailing insights on its different market segments.
The global Automotive Gearbox market is segmented as below:
Automotive Gearbox Market By Transmission
Dual clutch transmission
Automated manual transmission
Continuously variable transmission
Automotive Gearbox Market By Vehicle
Automotive Gearbox Market By Forward Gears
9 – 10
7 – 8
5 – 6
less than 5
Automotive Gearbox Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such Continental AG, ZF Friedrichshafen AG, Eaton Corporation PLC, Aisin Seiki Co Ltd, Magna International Inc., Others.
Growth in vehicle production & sales is a key driver of the market.
The market value of automotive gearbox is anticipated to be around US$ 142 Bn in 2027.
It is anticipated to grow around 5% CAGR amid the forecast period 2020-2027.
ontinental AG, ZF Friedrichshafen AG, Eaton Corporation PLC, Aisin Seiki Co Ltd,, Magna International Inc and others are the prominent players in the automotive gearbox market.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Asia Pacific held maximum share in 2019.
The report provides insights on global automotive gearbox market segment by transmission, vehicle, forward gears and major geographic regions.