Automotive Gearbox Market Size & Analysis Report by Vehicle Type, By Speed Gears, By Application and By Region – Global Opportunities & Forecast, 2021-2028
Automotive Gearbox Market Size & Analysis Report by Vehicle Type (Passenger Cars, LCVs, Trucks and Buses), By Speed Gears (Rodent Control, Insect Control, Wildlife Control and Others), By Application (Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission and Manual Transmission), and By Region – Global Opportunities & Forecast, 2021-2028
Automotive Gearbox Market was valued at USD 159 billion in 2020 and projected to grow at 4.6% CAGR during the forecast period.
Automotive Gearbox Market Overview
The gearbox is an essential part of the vehicle. It is a set of gears arranged between the clutch and engine of the vehicle to convert engine torque into wheel traction to reduce motion resistance. The gearbox is located underneath the engine and is termed a transmission. The combination of gearbox and clutch provides a comfortable starting of the engine. The automotive gearbox is used to handle speed and torque to reduce the load on the engine.
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Major Automotive Gearbox Market Drivers
The rising preference of consumers for the smooth ride is one of the key factors for the growth of the automotive gearbox market. Luxury and premium vehicle such as BMW, Mercedes-Benz, Audi offers 6-speed and 7-speed gearboxes which provide smooth and comfortable ride with more fuel efficiency. Thus, increasing demand for ride comfort and luxury is expected to fuel the demand for the global automotive gearbox market.
An increase in automotive passenger vehicle sales is also a key driving factor for the automotive gearbox market. For instance, in 2020 according to OICA passenger cars sales stood at 53.5 million globally. Moreover, infrastructure development in developing regions such as Latin America and the Asia Pacific has attributed to the demand for commercial vehicle for freight logistics, transportation, traveling, which has resulted in growth of the automotive gearbox market. For instance, according to International Organization of Motor Vehicle Manufacturers (OICA), the sale of commercial vehicles globally was 24.3 million in 2020.
Restraint in the Automotive Gearbox Market
However, growing demand for electric vehicle due to its cost-effective emission regulations requires minimum use of gears. The number of gears used is less due to fewer transmission systems, lesser use of differentials, and near elimination of gearboxes. These key factors have hampered the growth of this segment.
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Vehicle Type – Segment Analysis
Based on the Vehicle Type, the passenger cars segment is expected to grow at a higher CAGR rate in the global automotive gearbox market during the forecast period. The increase in passenger car production globally, such as the high demand for premium and SUVs for a personal vehicle, has boosted the growth of this segment. Additionally, higher sales of passenger vehicles over commercial vehicles are further supporting growth. For instance, according to OICA the global sale for passenger vehicles was 53.3 million in 2020 whereas the sale for commercial vehicles stood at 24.3 million.
Speed Gears – Segment Analysis
Based on the Speed Gears, 6 to 8 gears segment is expected to grow at a higher CAGR rate in the global automotive gearbox market during the forecast period. Leading automotive manufacturers have shifted to 6 to 8 gears from less than 5. Manufacturers such as Volkswagen, Skoda among others have adopted for more speed gears owing to performance and fuel economy. Such factors have augmented in the growth of this segment.
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Regional – Segment Analysis:
Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate in the global automotive gearbox market during the forecast period due to its strong growth in passenger car sales year on year. According to IBEF, automobile sales increased by 1.29% in India, with 21.55 million vehicles being sold in 2020. With the increasing vehicle production in countries such as China and India, the demand for the automotive gearbox to expected to grow significantly. For instance, according to OICA, in China, passenger vehicle production stood at 19.9 million in 2020.
Top Market Players
Various notable players operating in the market, include, ZF Friedrichshafen AG, AISIN CORPORATION, Magna International Inc, Schaeffler India Limited, Schaeffler India Limited, BorgWarner In, Allison Transmission Inc., Marelli Holdings Co., Ltd., HYUNDAI TRANSYS, JATCO Ltd, among others.
Key Developments:
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- In February 2021, ZF announced to invest USD 200 million in commercial vehicle transmission manufacturing in North America. Starting in 2023, ZF will produce the ZF Powerline 8-speed automatic transmission at company’s state-of-the-art manufacturing facility in Gray Court, SC.
- In January 2020, GKN Automotive, and Delta Electronics Inc., announced their collaboration on the joint development that will enable the rapid acceleration for next generation integrated 3-in-1 eDrive systems of power classes from 80kW to 155kW.
Segments covered in the Report:
The global Automotive Gearbox market has been segmented on the basis of Vehicle Type, Speed Gears, Application and regions. Based on Vehicle Type, the market is segmented into Passenger Cars, LCVs, Trucks and Buses. Based on Speed Gears, the market is segmented into 3–5, 6–8 and Above 8. Based on Application, the market is segmented into Automatic Transmission (AT), Automated Manual Transmission (AMT), Dual Clutch Transmission (DCT) and Manual Transmission.
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Report Coverage |
Details |
| Market Base Year |
2020 |
| Market Forecast Period |
2021-2028 |
| Market Revenues (2020) |
USD 159 billion |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Vehicle Type, By Speed Gears, By Application, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | ZF Friedrichshafen AG, AISIN CORPORATION, Magna International Inc, Schaeffler India Limited, Schaeffler India Limited, BorgWarner In, Allison Transmission Inc., Marelli Holdings Co., Ltd., HYUNDAI TRANSYS, JATCO Ltd, 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 Gearbox Market by Vehicle Type
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- Passenger Cars
- LCVs
- Trucks
- Buses
Global Automotive Gearbox Market by Speed Gears
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- 3–5
- 6–8
- Above 8
Global Automotive Gearbox Market by Application
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- Automatic Transmission (AT)
- Automated Manual Transmission (AMT)
- Dual Clutch Transmission (DCT)
- Manual Transmission
Global Automotive Gearbox Market by Region
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North America Automotive Gearbox Market (Option 1: As a part of the free 25% customization)
- North America Automotive Gearbox Market by Vehicle Type
- North America Automotive Gearbox Market by Speed Gears
- North America Automotive Gearbox Market by Application
- US Automotive Gearbox Market All-Up
- Canada Automotive Gearbox Market All-Up
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Europe Automotive Gearbox Market (Option 2: As a part of the free 25% customization)
- Europe Automotive Gearbox Market by Vehicle Type
- Europe Automotive Gearbox Market by Speed Gears
- Europe Automotive Gearbox Market by Application
- UK Automotive Gearbox Market All-Up
- Germany Automotive Gearbox Market All-Up
- France Automotive Gearbox Market All-Up
- Spain Automotive Gearbox Market All-Up
- Rest of Europe Automotive Gearbox Market All-Up
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Asia-Pacific Automotive Gearbox Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Automotive Gearbox Market by Vehicle Type
- Asia-Pacific Automotive Gearbox Market by Speed Gears
- Asia-Pacific Automotive Gearbox Market by Application
- China Automotive Gearbox Market All-Up
- India Automotive Gearbox Market All-Up
- Japan Automotive Gearbox Market All-Up
- Rest of APAC Automotive Gearbox Market All-Up
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RoW Automotive Gearbox Market (Option 4: As a part of the free 25% customization)
- RoW Automotive Gearbox Market by Vehicle Type
- RoW Automotive Gearbox Market by Speed Gears
- RoW Automotive Gearbox Market by Application
- Brazil Automotive Gearbox Market All-Up
- South Africa Automotive Gearbox Market All-Up
- Saudi Arabia Automotive Gearbox Market All-Up
- UAE Automotive Gearbox Market All-Up
- Rest of world (remaining countries of the LAMEA region) Automotive Gearbox Market All-Up
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Major Players Operating in the Automotive Gearbox (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- ZF Friedrichshafen AG
- AISIN CORPORATION
- Magna International Inc
- Schaeffler India Limited
- Schaeffler India Limited
- BorgWarner In
- Allison Transmission Inc.
- Marelli Holdings Co., Ltd.
- HYUNDAI TRANSYS
- JATCO Ltd
Frequently Asked Question About This Report
Automotive Gearbox Market [UP1725-001001]
The rising preference of consumers for the smooth ride is one of the major factor for the growth of the automotive gearbox market.
The growth rate of Automotive Gearbox Market during 2021-2028 is 4.6%.
The passenger cars segment is expected to grow at a higher CAGR rate in the automotive gearbox market during the forecast period due to the increase in passenger car production globally, such as the high demand for premium and SUVs for a personal vehicle, has boosted the growth of this segment.
The Asia Pacific region is projected to grow at a higher CAGR rate in the automotive gearbox market during the forecast period due to its strong growth in passenger car sales year on year.
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