Dec 05, 2019 (AB Digital via COMTEX) -- Automotive Automatic Transmission Market 2019 Global Industry Analysis To 2023 Research Report published by “Market Research Future”, Global Market for Automotive Automatic Transmission is to grow at 6% compound annual growth rate by 2023. Report provides comprehensive information on Global Automotive Automatic Transmission Market Share in Europe, U.S, Asia-Pacific along with industry trends, growth, and regional forecast to 2023. Report analyzes Automotive Automatic Transmission Market Upcoming Opportunities, challenges, Key Country Analysis, with business development strategies, And key players insights.
Key Players Studied in Report:
MRFR listed a few players that are operating in the global automatic transmission system market. They are Allison Transmission (USA), Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), Magna International Inc. (Canada), BorgWarner Inc. (USA), GETRAG (Germany), Eaton Corporation PLC (Republic of Ireland), JATCO Ltd. (Japan), GKN PLC (UK), and ZF Friedrichshafen AG (Germany).
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Automotive Automatic Transmission Market Insights:
Automotive Automatic Transmission Industry segmented by Type (AMT, CVT, DCT, DSG and Tiptronic Transmission), Fuel Type (Gasoline, Diesel and Hybrid), Vehicle Type (Passenger Cars, LCV and HCV) and Region.
Market Research Future (MRFR), in its newest “Automotive Automatic Transmission Market” report, states that the global market of Automotive Automatic Transmission (AATS) is expected to thrive at a CAGR of 6% across the forecast period of 2017 and 2023. The growing demand for a comfortable ride for drivers is encouraging automakers to incorporate Automotive Automatic Transmissions in vehicles. This is expected to promote the growth of the global market of Automotive Automatic Transmission market through the evaluation period.
The growing need to make long-distance travel convenient for drivers and not cause fatigue to them are factors that are expected to fuel the growth of the global Automotive Automatic Transmission market. In addition, the inclination of people towards automation is surging the demand for luxury and smart vehicles. This can bolster the growth of the market. The increase in demand for Automotive Automatic Transmission components, such as automatic transmission fluid and converter, are expected to spur the market growth. On the contrary, some of the automatic transmission troubleshooting aspects, such as high installation cost and need for effective maintenance, are likely to restrict the market expansion.
Automotive Automatic Transmission Market Segmend Insights:
The global automatic transmission system market is segmented by fuel type, type, and vehicle type. By type, the market is segmented into continuously variable transmission (CVT), automated manual transmission (AMT), and Dual-Clutch transmission (DCT). By fuel, the market is segmented into gasoline, diesel, and hybrid. The increase in the demand for hybrid automobiles is identified to surge the sales of Automotive Automatic Transmission, which is expected to benefit its market. By vehicle type, the market is segmented into heavy commercial vehicle (HCV), light commercial vehicle (LCV), and passenger car. An increase in the need for heavy commercial vehicles is observed due to an increase in commercial transportation activities via road. This is triggering the need for convenient driving for long-distance travel. Hence, the need to incorporate Automotive Automatic Transmission in HCV is expected to contribute largely to the expansion of the market.
Automotive Automatic Transmission Market Regional Insights:
By region, the automatic transmission system market is studied across Asia Pacific, North America, Europe, and the Rest of the World (RoW).
MRFR identified that one of the major factors that can contribute to the fast-paced expansion of the automatic transmission system market in North America is the presence of numerous original equipment manufacturers. The growing need for automatic transmission system is rising the need for its components, such as automotive automatic torque converter and automatic transmission fluid. Improving sales of automatic transmission components are expected to impel the market in North America. The US is expected to generate significant revenue for the regional market in the years of evaluation as the demand for convenient personal car riding is high over public transportation.
In Europe, the use of public transport is higher than personal vehicles. The high rate of adoption of the Automotive Automatic Transmission by commercial vehicles and the growing demand for commercial vehicles are factors that can propel the market in Europe. Alongside, the ease of procuring resources and the availability of required components can also promote the growth of the regional Automotive Automatic Transmission market during the forecast period. As per MRFR regional insights, the existence of numerous automotive automatic transmission engineering corporations and the easy availability of affordable labors in Asia Pacific is expected to impel the market in the region. The Asia Pacific is regarded as the manufacturing hub for automobiles that can also be considered as an important factor that can fuel the growth of the APAC Automotive Automatic Transmission market.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers