Automotive Automatic Transmission Market

Analysts at GMI Research estimates that the Automotive Automatic Transmission Market was worth USD 103.6 billion in 2022, and forecast to touch USD 175.4 billion in 2030, growing at a CAGR of 6.8% from 2023-2030.

Overview of the Automotive Automatic Transmission Market Report

An automotive automatic transmission refers to a type of transmission system in vehicles that uses processors, sensors, pneumatics and actuators, which allow it to shift gears at the appropriate time by using the internal oil pressure. It can automatically change gear ratios, eliminating the need to shift gears manually.

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Market Dynamic

Key Drivers and Emerging Trends

Rapid urbanization, increasing disposable income of middle-class population, growing sales of automatic electric cars, and availability of mid-range cars with automatic transmission system are some of the major drivers for the growth of the automotive automatic transmission market share. In addition, inclination of consumers towards the adoption of advanced transmission system such as continuous variable transmission (CVT), automatic transmission (AT), and dual clutch transmission (DCT) owing to the demand for smooth driving experience and driving without the need of a clutch is further accelerating the market growth. Organizations such as Environmental Protection Agency (EPA), Automatic Transmission Rebuilders Association (ATRA), and International Council on Clean Transportation (ICCT) provide resources, support, and development in the field of automatic transmission in automotive. This is expected to offer better growth opportunities to the global automotive automatic transmission market in the coming years.

Restraint in the Automotive Automatic Transmission Market

However, high cost of automatic transmission systems, lack of awareness related to the benefits of automatic transmission, very complex testing and high-cost maintenance of the automatic transmission system may hamper the global automotive automatic transmission market share growth. Additionally, the outbreak of COVID 19 pandemic has further disrupted the supply chains and production of vehicles across the globe, which is anticipated to restrain the demand for the market.

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Type – Segment Analysis

Based on type, the automatic transmission (AT) is expected to account for a prominent share in the market primarily due to its advantage of smooth and better engine control of the vehicle, gear switching comfort, faster transmission response, and good torque capacity. Additionally, several leading players use automatic transmission system in cars including Steptronic automatic transmission in BMW, and Tiptronic automatic transmission in Audi, Volkswagen, and Porsche. This further accelerates the market growth.

Fuel Type – Segment Analysis

Based on fuel type, electric cars segment is expected to grow at a significant CAGR over the forecast period owing to the rapid adoption of electric vehicles due to its improved functional safety, low emission, and high gasoline prices. Moreover, according to the International Energy Agency (IEA), in 2019, electric cars registered 2.1 million sales globally with 40% year-on-year increase and accounted for 2.6% of the global car sales. This is anticipated to boost the market growth for electric cars.

Vehicle Type – Segment Analysis

Based on the vehicle type, the passenger cars segment is expected to hold a notable market share during the forecast period owing to the growing adoption of electric passenger cars and rising demand for Special Utility Vehicles (SUVs) globally. In addition, Volkswagen Polo GT TSI, Mercedes-Benz A-Class, and Porsche 911 Carrera are some of the leading cars offering automatic transmission system, which is expected to drive the market growth.

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Regional – Segment Analysis

Based on region, Asia-Pacific is anticipated to witness a prominent CAGR over the forecast period. This can be attributed to the high automotive production coupled with the rising manufacturing of electric cars, LCVs, HCVs, automotive systems, and parts in India, China, Bangladesh, and Japan. Moreover, according to the International Energy Agency (IEA), China accounted for 47% of the global electric car sales in 2019. This is expected to escalate the market growth in the Asia-Pacific.

Top Market Players

Several Leading players operating in the market, include, SAIC Motor Corporation Limited, AISIN SEIKI Co., Ltd., Continental AG, Eaton Corporation Plc, Magna International Inc., ZF Friedrichshafen AG, Schaeffler Group, BorgWarner Inc., Allison Transmission Inc., and Melrose Industries Plc among others. 

Key Developments:

• • In 2021, MG Motor India Pvt. Ltd., a wholly-owned subsidiary of China’s largest automaker SAIC Motor Corporation Limited launched the all-new Hector 2021’s CVT automatic transmission. The CVT automatic transmission provides a comfortable and jerk free experience and it is available with both the MG Hector 2021 five-seater and Hector Plus six-seater.

Segments Covered in the Report:

The global Automotive Automatic Transmission Market has been segmented on the basis of type, fuel type, vehicle type, and key regions. Based on type, the market is segmented into automatic transmission (AT), automatic manual transmission (AMT), and continuous variable transmission (CVT). Based on the fuel type, the market is segmented into gasoline, diesel, hybrid, and electric vehicle. Based on the vehicle type, the market is segmented into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). 

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Key questions answered in this research report:

• • At what pace is global Automotive Automatic Transmission Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Automotive Automatic Transmission Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Automotive Automatic Transmission Market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various vehicle types of global Automotive Automatic Transmission Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2022)	USD 103.6 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD billion)
Market Segment	By Type, By Fuel Type, by Vehicle Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	SAIC Motor Corporation Limited, AISIN SEIKI Co., Ltd., Continental AG, Eaton Corporation Plc, Magna International Inc., ZF Friedrichshafen AG, Schaeffler Group, BorgWarner Inc., Allison Transmission Inc., and Melrose Industries Plc, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automotive Automatic Transmission Market by Type

• • Automatic Transmission (AT)
  • Automatic Manual Transmission (AMT)
  • Continuous Variable Transmission (CVT)
  • Dual Clutch Transmission (DCT)

Global Automotive Automatic Transmission Market by Fuel Type

• • Gasoline
  • Diesel
  • Hybrid
  • Electric Vehicle

Global Automotive Automatic Transmission Market by Vehicle Type

• • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

Global Automotive Automatic Transmission Market by Region

• • North America Automotive Automatic Transmission Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Fuel Type
    • By Vehicle Type
    • US Market All-Up
    • Canada Market All-Up

  • Europe Automotive Automatic Transmission Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Fuel Type
    • By Vehicle Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Automotive Automatic Transmission Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Fuel Type
    • By Vehicle Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Automotive Automatic Transmission Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Fuel Type
    • By Vehicle Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Automotive Automatic Transmission Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • SAIC Motor Corporation Limited
  • AISIN SEIKI Co., Ltd.
  • Continental AG
  • Eaton Corporation Plc
  • Magna International Inc.
  • ZF Friedrichshafen AG
  • Schaeffler Group
  • BorgWarner Inc.
  • Allison Transmission Inc.
  • Melrose Industries Plc