Global Automotive Transmission Systems Market: Share, Size, Growth, Opportunity And Forecast 2018-2026

The transmission system of an automobile delivers power to the engine. It consists of numerous transmission components such as gears, shafts, and other parts that work together to allow the device to move. There are two types of transmission systems for motor vehicles: automatic transmission and manual transmission. Gear ratios change automatically as the car moves in an automatic gearbox, while manual transmission gear ratios must be changed manually. The market for automobile transmission systems is developing in tandem with the growing demand for vehicles.

Any Automotive Transmission Systems Market job is to transfer engine power to the driveshaft and rear wheels (or axle halfshafts and front wheels in a front-wheel-drive vehicle). The transmission's gears alter the vehicle's drive-wheel speed and torque in proportion to the engine speed and torque.

The Automotive Transmission Market is expected to grow at a 4.3 percent CAGR from 2020 to 2026, with a market value of around USD 236.4 billion in 2019. By sending the proper power from the engine to the wheels through the gearbox, the transmission system ensures a smooth and comfortable ride. Because it is utilised in every vehicle, the expansion of the Automotive Transmission Systems Market is directly linked to the growth of the automotive sector. The need for transmission systems is expected to rise as global car manufacturing increases.

Because of rising urbanisation and disposable income in emerging economies such as India, Bangladesh, and Vietnam, the automotive sector has seen increased demand in recent years. However, the recent breakout of COVID-19 will limit the expansion of the vehicle Automotive Transmission Systems Market.

The most crucial component of a vehicle is the transmission system, which ensures a smooth and comfortable ride by transferring the maximum amount of power from the engine to the wheels via the gearbox. By altering the transmission ratios, the transmission adjusts torque, speed, and direction, allowing the vehicle to start with a high torque.

Background on the Automotive Transmission Systems Market:

Getrag Corporate Group, Aisin Seiki Co., ZF Friedrichshafen AG, Jatco Ltd., General Motors, GKN PLC, Magna Powertrain, Eaton Corporation, Honda Transmission Manufacturing of America Inc., and Allison Transmission Inc. are some of the major competitors in the automobile transmission systems market.