Nov 07, 2019 (AB Digital via COMTEX) -- Automotive Automatic Transmission System Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future. The Global Automotive Automatic Transmission System Market to grow at 6% CAGR by 2023. Automotive Automatic Transmission System Industry 2019 report segments market for Automotive Automatic Transmission System by type, fuel type, vehicle type and region.
Automotive Automatic Transmission System Global Market Key Companies Analyzed in report –
Aisin Seiki Co., Ltd. (Japan), Allison Transmission (USA), BorgWarner Inc. (USA), Continental AG (Germany), Eaton Corporation PLC (Republic of Ireland), GETRAG (Germany), GKN PLC (UK), JATCO Ltd. (Japan), Magna International Inc. (Canada), and ZF Friedrichshafen AG (Germany).
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Automotive Automatic Transmission System Market Insights:
An automotive automatic transmission system executes the process of transmitting the power from the engine to the wheels by using automatically changing gear ratios.
Market Research Future (MRFR) has published a research report about the global automatic transmission system market that envisions progress for the market with 6% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. The advantages of automatic transmission system include better control on the vehicle while driving on muddy or slippery roads, less risk of unexpected motion, no need to change gear manually, and reduction of the fuel consumption & CO2 emission. These advantages also aid market growth.
High demand for automobiles that do not require manual shifting of gear and increasing utilization of automatic electric vehicles are majorly fueling the growth of the global automotive automatic transmission system market during the assessment period. Increased production of automobiles as a result of rapid expansion of the automotive industry is also propelling the growth of the global automotive automatic transmission system market during the forecast period.
Market Segments Analysis:
The global market for automotive automatic transmission system has been segmented based on type, fuel type, and vehicle type.
By types, this market has been segmented into the automated manual transmission (AMT), continuously variable transmission (CVT), and dual-Clutch transmission (DCT).
Based on fuel type, the global automotive automatic transmission system market has been segmented into diesel, gasoline, and hybrid.
Based on vehicle type, the market has been segmented into the light commercial vehicle (LCV), heavy commercial vehicle (HCV), and a passenger car.
Geographically, the global automotive automatic transmission system market has been segmented into four regions such as Asia Pacific (APAC), Europe, North America and the rest of the world.
In Europe, the number of people using public transport is higher than the number of such people in North America. And the population of Europe is also higher than in North America. Therefore, Europe is a significant market. Country-specific markets generating maximum revenue in Europe are France, Germany, Italy, and the United Kingdom (UK).
The North America region commands the maximum share of the global automotive automatic transmission system market owing to the high demand for automobiles that are equipped with automatic transmission systems, rapid expansion of the automotive industry, rise in demand for electric vehicles due to increased environmental awareness and stringent regulatory framework for improving vehicle safety and fuel efficiency in this region.
Asia Pacific region has been estimated to emerge as the fastest growing market because automobile sales are registering the highest growth rate in this region. This is lowering dependence on public transport in this region and the preference for family cars is rising. The key country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.
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