Market Scenario
The high shelfshifting potential offered by automobile transmission can prompt the expansionof the automobile automatic transmission system market 2020, reveals MarketResearch Future (MFRF). The highefficacy of process of the transmission of power from the engine across thewheels, automatically by the change in gear ratios can add a competitiveadvantage to the automotive automatic transmission system world market. Withthe assistance of automotive automatic transmission system, a vehicle can movefrom one point to another without the requirement for shifting of gearsmanually. The slashing in manual labor and increase in convenience ofoperations can act as strong boosters for the rise of the automotive automatictransmission system market. An internal combustion engine is used to causerotation of automatic automotive transmission system at high RPM can supportthe rise of the automatic transmission system worldwide market. The variationin speed range and different torque outputs are beneficial in case wherevehicles move in heavy traffic condition. The rise in world population andincrease in traffic congestion can support the growth of the automotiveautomatic transmission market. Across 2017 to 2023, the global automotiveautomatic transmission system market can expand at 6% CAGR.
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Market Segmentation
The segmentstudy of the global automatic transmission market aids investors in gettingenhanced understanding about the market. It also offers insight on growthprospects of the market. Type, fuel, and vehicle type are parameters on whichthe automotiveautomatic transmission system market segment study is based. The typebased, automotive automatic transmission system market segments are Dual-Clutchtransmission (DCT), Automated Manual Transmission (AMT), and ContinuouslyVariable Transmission (CVT). The vehicle type based, automotive automatictransmission system market are HCV, Passenger Car, and LCV. The fuel typebased, automotive automatic transmission system are diesel, gasoline, andhybrid.
Regional Analysis
In Asia Pacificregion, automotive automatic transmission system market is anticipated to riseat the highest rate owing to rise in the need for gear shift systems andautomated clutch in commercial vehicles. Gear shift and automated clutch assistin the reduction of accidents and aids in making ride comfortable and safe. Theincrease in the demand for automated transmission system can prompt the marketin the years to come.
In North America, the automotive automatictransmission system is rapidly replacing manual transmission system, as torqueinterruption while changing of gear is accurate in the prior. Dual clutchtransmission that provides two clutch inputs offers smooth and comfortableride, which is also an important replacement to traditional solutions. Thecomfort ride offered by these vehicle can impel the rise of the automatictransmission market in the near future.
In Europe, the automotiveautomatic transmission system market can rise due to the support of the governmentto imposed major regulations to curb high vehicular CO2 emission from vehicles.Automobiles that emit high CO2 are to be penalized with high taxation and high costof fuel that can result in having negative impact on the environment, thusresult in the adoption of automatic automotive transmission system across theassessment period. The increase in utility of such system can bolster themarket rise in Europe.
Key Players
Some notable playersin the global automotive automatic transmission system market are mentioned inthe report published by MRFR. They are; Aisin Seiki Co., Ltd. (Japan), AllisonTransmission (U.S.), Magna International Inc. (Canada), JATCO Ltd. (Japan), GKNPLC (U.K.), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (U.S.),Continental AG (Germany), GETRAG (Germany), and Eaton Corporation PLC (Republicof Ireland) among other major players in the market.
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