Automotive automatic transmission, also called auto or self-shifting transmission, refers to a transmission system that is capable of changing automatically as the vehicle starts moving. Unlike manual transmission systems, automatic transmissions eliminate the need for human intervention for gear shifting, thereby providing better comfort to the driver.
The history of automatic transmission dates back to the early 1920s (when it was invented by Alfred Horner Munro, a Canadian steam engineer). Ever since, automatic transmission systems have been implemented at a significant rate, mostly across the passenger vehicle segment. The adoption rate of automatic transmissions is, however, low, mostly due to the added cost of the vehicle.
The most obvious benefit of using automatic transmission is the immense comfort that these systems provide. It is much more convenient for learners to use vehicles with automatic transmissions. The only part where concentration is needed is road conditions and vehicle speed. With the rising overall automotive industry coupled with the discretionary income of people worldwide, the market is estimated to witness substantial growth during the forecast period.
Another major advantage is the consistent fuel efficiency offered by these systems. Although manual transmission is more fuel efficient than automatic transmission, overall efficiency is heavily dependent on driving style. Since automatic transmissions are designed to shift gears automatically depending upon the road conditions (bumps, mountains, etc.), the overall fuel efficiency of automatic transmissions is quite consistent.
The report titled "Global Automotive Automatic Transmission Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global automotive automatic transmission market along with the market size and estimates for the duration of 2015–2025.
The said research study covers an in-depth analysis of market segments based on fuel type and vehicle class and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.
The report also includes competitive profiling of the leading automotive automatic transmission vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are Continental AG, Aisin Seiki Co., Ltd., ZF Friedrichshafen, BorgWarner, Inc., Delphi Automotive, Eaton Corporation, Magna International, Fiat Powertrain Technologies, Tremec, and others. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.
Other in-depth analysis provided in the report includes:
Current and future market trends to justify the forthcoming attractive markets within the automotive industry
Market fuelers, market impediments, and their impact on market growth
in-depth competitive environment analysis
Trailing 2-year market size data (2015–2016)
SRC (Segment, Region, Country) Analysis
Overall, the research study provides a holistic view of the global automotive automatic transmission market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.
On the basis of type, the global automotive automatic transmission market is segmented into the following types:
Conventional
Continuously Variable Transmission (CVT)
Automated Manual
dual-clutch automated manual
As of 2015, the overall automotive automatic transmission market worldwide was led collectively by the conventional and continuously variable transmission (CVT) segments. The two segments contribute more than sixty percent of the overall market revenue worldwide.
Most manufacturers currently rely on conventional automatic transmission systems owing to their simpler design and relatively low cost. Since this is the preferred choice for passenger cars, the segment is projected to remain dominant in the market throughout the forecast period.
In the coming years, the CVT and dual-clutch automated manual segments are estimated to demonstrate the highest growth. These transmission types are primarily used in performance cars due to their reduced throttle and improved fuel economy.
However, due to their higher cost and complex design, these types are yet to pick up in the passenger car segment. With the growing number of luxury and performance car sales, the segments are expected to exhibit high growth during the forecast period.
On the basis of vehicle class, the global automotive automatic transmission market is categorized into the following types:
Passenger Cars
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Off-road Vehicles
In 2015, the automotive automatic transmission market worldwide was led by the passenger vehicle segment. The segment accounted for nearly half of the total market revenue generated globally. The ever-increasing number of passenger cars on the road has been a major contributor to the high segment share.
With the significant rise in purchasing power coupled with the diversification of the automotive industry, passenger car sales have witnessed profound growth in the past couple of decades. Increasing economic growth in Asia Pacific is expected to continue playing a prominent role in the strong proliferation of passenger cars. As a result, the segment would continue to dominate the market throughout the forecast period.
The passenger car segment is also expected to register the highest growth during the forecast period. Steadily rising sales of luxury and performance cars are expected to be the major factor supporting the segment's growth. With the rise in the number of high-end cars, the demand for expensive transmission systems (such as CVTs and dual-clutch automated manuals) would increase remarkably. Thus, the segment would register high growth in the market throughout the forecast period.
On the basis of geography, the global automotive automatic transmission market is segmented into the following regions and countries:
North America
U.S.
Canada
Europe
U.K.
Germany
France
Rest of Europe
Asia Pacific
Japan
China
South Asia
Rest of Asia Pacific
Rest of the World (RoW)
Middle East and Africa (MEA)
Latin America
As of 2015, the overall automotive automatic transmission market worldwide was dominated, in terms of revenue and volume, by the Asia Pacific region. The region contributes a market share of nearly fifty percent of the total revenue generated worldwide. Asia Pacific has the world's largest population, making it the largest market for automotive vehicles.
In the past two decades, the passenger car sales volume in the region has witnessed a paradigm shift. Further growing economic development is expected to ensure the leading position of the region throughout the forecast period. Europe succeeds Asia Pacific in terms of revenue and volume in the overall automotive automatic transmission market.
Frequently Asked Question:
The market for Automotive Automatic Transmission Market is expected to reach USD$ XX in 2025.
The Automotive Automatic Transmission Market is expected to see significant CAGR growth over the coming years, at 4.9%.
The report is forecasted from 2017 -2025.
The base year of this report is 2016.
Continental AG, Aisin Seiki Co., Ltd., ZF Friedrichshafen, BorgWarner, Inc., Delphi Automotive, Eaton Corporation, Magna International.are of the major players in the global market.
