Automotive Transmission Market worth $80.8 billion by 2027
                     MarketsandMarkets 
Presents
Automotive Transmission Market 
worth $80.8 billion by 2027
https://www.marketsandmarkets.com/Market-Reports/automotive-tr
ansmission-systems-market-1063.html
 
The report "Automotive Transmission Market by Transmission Type (Manual Transmission, 
Automatic Transmission, CVT, DCT, AMT), Fuel Type, Vehicle Type, Hybrid Vehicle, Two-
Wheeler Transmission, Number of Forward Gears and Region - Global Forecast to 2027", is 
projected to reach USD 80.8 billion by 2027 from USD 59.9 billion in 2022, at a CAGR of 6.2% 
during the forecast period. 
Technological advancements in current generation automotive transmissions, Increasing 
customer preference for convenience, premium transmissions are further expected to drive the 
automotive transmission market. Overall, the changing preferences of buyers, improved 
standards of living, and focus of OEMs to provide comfort and convenience are also expected to 
drive the growth of the automotive transmission market.
Browse 237 market data Tables and 76 Figures spread through 253 Pages and in-depth TOC on 
"Automotive Transmission Market”
The key players in the automotive transmission market include ZF Friedrichshafen (Germany), 
MAGNA International (Canada), Aisin Corporation (Japan), Eaton Corporation(Japan), Hyundai 
Transys(South Korea), Allison transmissions(US), Vitesco Technologies(Germany), Schaeffler 
AG(Germany), BorgWarner(US), GKN Automotive(UK), and Jatco (Japan) and more.
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CVT, by Number of forward gears, is estimated to be the fastest-
growing automotive transmission market during the forecast period.
The CVT is an automatic transmission that consists of two pulleys connected 
by a steel belt. The CVT varies the diameter of the "drive pulley" that 
transmits torque from the engine and the "driven pulley" that sends torque to 
the wheels at the same time to continually vary gear ratios. The CVT can 
avoid shift-shock and deliver smooth driving thanks to stepless gear ratio 
shifting, making it an excellent transmission alternative. Growing craze of 
SUV’s worldwide is a good opportunity for automatic transmissions as 
automatics makes city drive hassle free.
The growing importance of CVT is a great opportunity for transmission 
manufacturers to increase their market share, as it not only provides better 
fuel efficiency but also reduces the carbon emissions of a vehicle. This type 
of transmission is used mainly in hybrid and electric vehicles, the demand for 
which is on the rise due to the growing concern regarding the environment. 
Another reason for CVT systems gaining importance among consumers is 
that it provides higher potential efficiency improvement of ~6% as compared 
to MT and AT, along with increased savings over a vehicle’s lifetime of up to 
USD 1,800.
Passenger car segment, by vehicle type, is estimated to be the largest segment during the 
forecast period.
With increase in demand for comfort and ease to drive vehicles, OEMs are launching new and 
updated models with loaded features and advanced transmissions. The passenger cars segment 
is estimated to account for a share of 75% of the global automotive transmission market by 
volume in 2022. Passenger cars comprise sedans, hatchbacks, station wagons, SUVs, MUVs, and 
vans. The growing role of transmission in passenger cars, coupled with growing influence of fuel-
efficient systems, has been propelling the growth of the automotive transmission market in the 
passenger car segment. The technologies used in passenger vehicles are frequently changing 
due to the high demand from consumers for luxury and convenience features. Also, government 
regulations for emissions and safety for passenger vehicles are frequently changing. The 
manufacturers must reduce the weight of passenger vehicles and offer comfort and safety at a 
lower price. Due to the increasing demand for autonomous and electric vehicles, the demand 
for new transmissions is increasing in passenger vehicles.
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Asia Pacific is estimated to be the fastest-growing market for automotive transmission in 2022
The Chinese market is the largest in the Asia-Pacific and is witnessing significant growth in the 
demand for and sales of premium vehicles. China is one of the major markets for premium 
vehicles, given the rising disposable income in the country. Nearly all major OEMs have invested 
in the Chinese market, which is inclined towards small and affordable passenger vehicles. A 
surge in demand for sophisticated automated transmission is expected, as the current market 
penetration of vehicles with automated transmission systems is low compared to that in 
developed countries. The growing automotive production levels in China have raised the 
demand for automotive transmission systems. This region is also expected to welcome the 
energy saving green cars to their economy.
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