Automotive Transmission Market Size

The global automotive transmission market size was valued at $67.10 billion in 2024 and is projected to reach $103.56 billion by 2030, growing at a CAGR of 7.5% during the forecast period.

Automotive Transmission Market Overview

Automotive transmission refers to the mechanism within a vehicle that transfers power from the engine to the wheels, allowing the vehicle to move forward or backward at varying speeds. It plays a crucial role in controlling the distribution of power and torque generated by the engine to the wheels, thereby enabling efficient and smooth operation. Automotive transmissions come in different types, including manual, automatic, continuously variable transmission (CVT), and dual-clutch transmission (DCT), each offering unique characteristics and advantages. Manual transmissions require the driver to manually shift gears using a clutch pedal and gear stick, while automatic transmissions shift gears automatically based on vehicle speed, engine load, and other factors. CVT and DCT transmissions provide seamless gear shifting for improved fuel efficiency and performance.

Automotive Transmission Market Dynamics

• Factors such as the increasing demand for fuel-efficient vehicles, technological advancements in transmission systems, and growing production and sales of electric vehicles are driving the growth of the market. The rising demands for automatic and semi-automatic transmissions, stringent emission regulations driving the adoption of advanced transmission technologies, and development of lightweight and compact transmission systems for electric vehicles are also driving the market.

• However, the high initial cost of advanced transmission systems, fluctuating raw material prices impacting manufacturing costs, and limited availability of skilled technicians for transmission maintenance are restraining the market growth.

• Conversely, the expansion opportunities in emerging markets with growing automotive industries, increasing demand for hybrid and electric vehicle transmissions, and integration of advanced connectivity and automation features in transmission systems are creating opportunities for market growth.

By Transmission Type, the Automatic Transmission is Projected to Strong Presence in the Global Market

The automatic transmission segment is expected to have a huge demand due to its convenience, ease of use, and widespread adoption across various vehicle types. Automatic transmissions eliminate the need for manual gear shifting by automatically selecting the appropriate gear ratios based on driving conditions, such as speed, load, and terrain. This feature is particularly appealing to a large segment of consumers, including urban commuters, drivers with limited manual transmission experience, and those seeking a smoother and more comfortable driving experience. Additionally, advancements in automatic transmission technology have led to improved fuel efficiency, performance, and reliability, further driving its popularity among consumers. Consequently, automotive manufacturers increasingly offer automatic transmission options across their vehicle lineup to cater to the growing demand and meet the evolving preferences of consumers worldwide.

By Geography, Asia Pacific to lead the Market

The Asia Pacific region is forecasted to exhibit a robust presence in the global market due to the region's rapidly expanding automotive industry, driven by increasing urbanization, rising disposable incomes, and growing population, contributes to the demand for vehicles equipped with advanced transmission systems. Additionally, the region's economic growth has led to a surge in industrialization and infrastructure development, resulting in higher demand for commercial vehicles and construction machinery, which also require efficient transmission systems. 

Moreover, stringent emission regulations in countries like China and India have spurred the adoption of transmission technologies that enhance fuel efficiency and reduce emissions, further driving the market growth. Furthermore, the presence of major automotive manufacturers and suppliers in the region, coupled with investments in research and development, fosters innovation and the introduction of new transmission technologies, attracting consumers and fueling demand.

Key Target Audience:

• Automotive Manufacturers

• Suppliers of Automotive Transmission Components

• Vehicle Owners And Drivers

• Automotive Dealerships 

• Aftermarket Parts Retailers

List of the Key Players Profiled in the Report Includes: 

• Aisin Corporation 

• ZF Friedrichshafen

• AG  

• Magna International Inc.

• JATCO Ltd  

• Eaton Corporation  

• Hyundai Transys

• Allison Transmissions 

• Schaeffler AG 

• BorgWarner Inc.

• Vitesco Technologies 

• GKN Automotive

Recent Developments:

• In December 2023, ZF Friedrichshafen AG increased its manufacturing capacity for transmissions and axles in Coimbatore, India, with a focus on serving domestic and specific export markets. This expansion encompasses the establishment of a new facility. In line with customer needs, the company is committed to meeting increasing demands for advanced systems, environmentally friendly technology, and rapid development cycles.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Transmission Type: 

• Manual Transmission 

• Intelligent Manual Transmission (IMT)

• Automated Manual Transmission (AMT)

• Automatic Transmission (AT)

• Dual-clutch Transmission

• Other Transmission Types

Market by, Vehicle Type:

• Passenger Cars

• Light Commercial Vehicles

• Heavy Commercial Vehicles 

Market by, Fuel type: 

• Gasoline

• Diesel

Market by, Geography:

The automotive transmission market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis

• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report oAutomotive Telematics Market: Industry Analysis, Opportunities and Forecast up to 2030o by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.

• Analysis of the market structure by identifying various segments and sub-segments of the market.

• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.

• Understand major player profiles in the market and analyze their business strategies.

• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.