Automotive
Transmission Market Share Overview
The
Europe Automotive Transmission Market will witness a significant CAGR
value of 6 % and a strong market valuation by 2030 during the forecast period. Automobile
components in the industry verticals are provided cost-efficient solutions
without compromising the vehicle's performance. Due to this, the manufacturers
are integrating different growth strategies to the demand for transmission
systems in the automobile sector. These strategies are driving the growth of
the Automotive Transmission Market Share.
The
growth factors accelerate the market's demand, such as the increased technological
advancements in automotive transmission systems boosting the market. The rise
in the adoption of Dual Clutch Transmission (DCT) technologies and Continuously
Variable Transmission (CVT) rather than manual and automatic systems is
maximizing demand. The growing inclination towards fuel-efficient products with
better performance will drive the market value in the forecast period. Many
manufacturers are innovating their services with Intelligent Manual
Transmission (IMT), allowing the drivers where the gears can work without
clutch depressing.
The rise
in technological advancements and the innovation of transmission systems for
the need across several vehicle types, including Heavy Commercial Vehicles
(HCVs) and passenger cars, will accelerate the market at the global level.
Automotive OEMs are also implementing advanced systems, like Automated Manual
Transmission (AMT), to lower the fuel consumption rate. The rise in concern
towards environmental safety and eliminating the CO2 emissions is boosting the
Europe Automotive Transmission Market.
Get a free sample report of Europe
Automotive Transmission Market
Automotive
Transmission Industry News
In April
2021, ZF Friedrichshafen AG revealed the launch of a new 8-speed automatic
transmission, ZF PowerLine, for medium-duty vehicles. It will provide higher
efficiency than the 9-speed and 10-speed transmission.
Europe
Automotive Transmission Market Share Key Players
- Allison Transmission Inc. (U.S.)
- Aisin Seiki Co. Ltd. (Japan)
- Continental AG (Germany)
- BorgWarner Inc. (U.S.)
- Eaton Corporation PLC (Ireland)
- GKN PLC (U.K.)
- Jatco Ltd. (U.S.)
- Magna International Inc. (Canada)
- ZF Friedrichshafen AG (Germany)
- Schaeffler AG (Germany)
During
the COVID-19 pandemic, the market noticed a negative impact due to the closure
of the automotive sector. This factor has hampered the Europe Automotive
Transmission Market growth. It also declined the sales rate and new
services and systems production. The market's economy noticed a massive setback
in this pandemic which negatively impacted automobile production.
It also
disrupted the supply chain process when the production was halted for a longer
period. Moreover, it has subsequently impacted and reduced the demand for
automotive transmission. But in the post-pandemic period, the market will get
back to its form and will achieve a good market value.
Europe
Automotive Transmission Market Share Regional Analysis
According
to the geographical growth, the Europe Automotive Transmission Market is
showing tremendous growth in major regions such as the Asia Pacific, Europe,
North America and the rest of the world.
The
Asia-Pacific is leading due to the production rate of passenger cars and LCVs
in developing countries such as China and India. Followed by the Asia Pacific,
North America is the next region to lead the market in the evaluation period.
The rise in demand for Automatic manual transmission (AMT) is boosting the regional
market of this region. The prominent manufacturing hubs are strengthening the
North American market to emerge globally.
Europe
Automotive Transmission Market Share Segmentation
By
Product Type
- Fixed
- Detachable
- Swiveling
- Others
By
Vehicle Type
- Passenger Cars
- Lcv
- Hcv
By
Sales Channel
- OEM
- Aftermarket
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