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iCrowdNewswire Jan 4, 2021 2:55 PM ET

Technology replaces the manual transmission with automatic transmission and raises the Global Automotive Automatic Transmission System Market with 6% CAGR between 2017 and 2023


Technology replaces the manual transmission with automatic transmission and raises the Global Automotive Automatic Transmission System Market with 6% CAGR between 2017 and 2023

iCrowd Newswire - Jan 4, 2021

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 most significant factor driving the market growth for an automotive automatic transmission system is the shift of population demand from manual to automatic transmission due to ease of operation. Other factors are less fatigue for the driver during drives to comparable distances due to this system, and lastly, automatic transmission vehicle being able to be driven by all adults in a family. 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.

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The global automatic transmission system market has been segmented on the basis of type, fuel type, vehicle type, and lastly, region. By types, this market has been segmented into the automated manual transmission (AMT), continuously variable transmission (CVT), and dual-Clutch transmission (DCT). On the basis of fuel, the 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.

The regional segmentation of the global automatic transmission system market segments the market into continent-based regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). According to the report, North America holds the lion’s share in the global automatic transmission system market. This is primarily due to unpopular public transport in the United States of America (USA) because of which more people use their personal vehicles. Passenger vehicles in the USA are required to cover huge distances and thus, hassle-free automatic transmission is preferable over a manual transmission. Canada is another important country-specific market in this region.

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). According to the research report, the 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.

Key Players

The key players in the global automatic transmission system market include 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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Key Questions Addressed by the Report

TABLE OF CONTENTS

 

1 EXECUTIVE SUMMARY

 

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com

 

Browse Complete Report https://www.marketresearchfuture.com/reports/automatic-transmission-market-1826

Contact Information:

+1 646 845 9312






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