This report provides exclusive insights into the COVID-19 impact on the Automatic Transmission Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Automatic Transmission Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Automatic Transmission Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on automatic transmission market provides in-depth analysis of segments and sub-segments in the global as well as regional automatic transmission market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automatic transmission market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automatic transmission market. According to the report, the global automatic transmission market is projected to grow at a CAGR of 6.58% over the forecast period of 2018-2024.
The transmission helps a vehicle or a machine to transfer the power from the engine to the drive shaft and the differential to let the wheels turn. The transmission changes the torque and the speed by changing the transmission ratios and enables the car to start with high torque. An automatic transmission system does not require manual shifting after switching on the gear. There are many different types of automatic transmissions, which are developed over time, including the conventional automatic transmission (AT), the automated manual transmission (AMT), dual clutch automatic transmission (DCT) and continuously variable transmission (CVT).
The basic driving factors for the automatic transmission market worldwide is the ease of use, convenience and power delivery of automatic transmission and the accuracy and effortlessness of shifting gears. The automatic transmission is far superior to the traditional manual transmission with respect to performance and efficiency. Vehicles with automatic transmission are fuel efficient as compared to the manual transmission ones. This also has helped the market to grow. Apart from this, growing demand for electric vehicles has also increased the demand for an automatic transmission as mostly electric vehicles have automatic transmission implemented in them. However, with all the benefits of an automatic transmission, its cost is a main concern for the customers. The cost of automatic transmission and ultimately the cost of the vehicle with automatic transmission are high compared to the manual transmission vehicle. It would hamper the growth of the market. The luxury vehicle market is growing which in turn would help the automatic transmission market to grow as well, as most of the luxury cars come with automatic transmission.
Region wise, Asia-Pacific has the largest market share in the global automatic transmission market. Asia-Pacific region has the highest population and has a high demand for automatic transmission passenger vehicles. Some of the Asian countries have adopted electric passenger vehicles for public transport. Growing demand for passenger vehicles, heavy vehicles, and electric vehicles have contributed to retaining the dominance of the Asia-Pacific region in the global automatic transmission market.
The report on global automatic transmission market covers segments such as transmission type and vehicle type. On the basis of transmission type, the sub-markets include automatic transmission, automated manual transmission (AMT), dual clutch transmission (DCT), continuous variable transmission (CVT), and manual transmission. On the basis of vehicle type, the sub-markets include commercial vehicle and a passenger vehicle.
The report provides profiles of the companies in the market such as Magna International Inc., Magneti Marelli S.p.A., AISIN SEIKI Co., Ltd., JATCO Ltd, Eaton Corporation Inc, Defeo Manufacturing Inc, BorgWarner Inc., ZF Friedrichshafen AG, Continental AG, and Hyundai Dymos Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automatic transmission market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.