The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Overview

The automotive automatic transmission market has experienced significant growth in recent years, expanding from $62.55 billion in 2023 to $67.44 billion in 2024 at a CAGR of 7.8%. This growth is driven by several key factors:

• Increased integration of hybrid and plug-in hybrid systems.
• Rising demand for automatic transmission vehicles.
• Shift towards fuel efficiency and emission reduction.
• Growing preference for convenience and ease of driving.
• Expansion of the global automotive industry.

Future Market Projections

The market is expected to continue its robust growth, reaching $91.48 billion by 2028 at a CAGR of 7.9%. Factors contributing to this future growth include:

• Rising adoption of electric vehicles (EVs) with automatic transmissions.
• Integration of advanced driver-assistance systems (ADAS) in transmissions.
• Regulatory push towards stricter emission standards.
• Expansion of ride-sharing and autonomous vehicle fleets.
• Innovations in materials and manufacturing processes for lighter and more efficient transmissions.

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Key Trends in the Forecast Period

• Dual-Clutch and Continuously Variable Transmissions: Increasing shift towards these technologies.
• Technological Advancements: Innovations in transmission systems enhancing performance and efficiency.
• Predictive Maintenance Solutions: Development of solutions for proactive transmission maintenance.
• Connectivity and Communication: Emphasis on integrated transmission systems for better vehicle management.
• Subscription-Based Services: Growth of subscription-based transmission services and upgrades.

Electric Vehicles Boost Market Growth

The rising shift towards electric vehicles (EVs) is a significant driver of market growth. EVs, powered by electric motors, offer reduced environmental impact and increased energy efficiency. Factors propelling the popularity of EVs include:

• Environmental concerns.
• Government incentives.
• Advancements in battery technology.
• Increasing consumer demand for fuel efficiency.

Automatic transmission systems are crucial in EVs for managing power delivery and enhancing driving performance. For instance, global electric car sales surged by 3.5 million units in 2023 compared to 2022, representing a 35% year-on-year increase, according to the International Energy Agency (IEA).

Major Market Players

Key companies operating in the automotive automatic transmission market include:

• Ford Motor Company
• General Motors
• Continental AG
• ZF Friedrichshafen AG
• Magna International Inc.
• Aisin Seiki Co. Ltd.
• Eaton Corporation PLC
• Schaeffler AG
• BorgWarner Inc.
• JTEKT Corporation
• Dana Incorporated
• NTN Corporation
• GKN Automotive Limited
• Hyundai PowerTech Co. Ltd.

Innovative Developments

Companies in the market are focusing on innovative systems, such as intelligent clutch heat mapping algorithms, to gain a competitive edge. For example, ZF India launched the EcoTronic Mid Automated Manual Transmission (AMT) system for commercial vehicles in July 2022. This system, equipped with a ‘rock-free’ mode, improves fleet operational efficiency, doubles clutch life, and enhances gearbox life.

Strategic Acquisitions

In August 2021, ATC Drivetrain acquired H.L. Smith Transmissions Ltd. to strengthen its market position. This acquisition aims to enhance ATC’s competitiveness by integrating HLS’s expertise in remanufacturing transmissions, including automatic transmissions for commercial vehicles.

Market Segmentation

The automotive automatic transmission market is segmented as follows:

• By Type: Automatic Transmission, Automated Manual Transmission, Dual-Clutch Transmission, Continuously Variable Transmission.
• By Fuel Type: Gasoline, Diesel, Hybrid.
• By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles.

Regional Insights

• Largest Region (2023): North America.
• Fastest Growing Region (Forecast Period): Asia-Pacific.

The automotive automatic transmission market continues to evolve, driven by technological advancements, regulatory changes, and shifting consumer preferences towards more efficient and eco-friendly vehicles. The future looks promising with continuous innovations and strategic initiatives by key market players.

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The Automotive Automatic Transmission Global Market Report 2024  provides an overview of the automotive automatic transmission market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive automatic transmission market forecast analyzes automotive automatic transmission market size, automotive automatic transmission market share, leading competitor and their market positions.

The Table Of Content For The Automotive Automatic Transmission Market Include:
1. Automotive Automatic Transmission Market Executive Summary
2. Automotive Automatic Transmission Market Segments
3. Automotive Automatic Transmission Market Size And Automotive Automatic Transmission Market Growth Rate
4. Key Automotive Automatic Transmission Market Trends
5. Major Automotive Automatic Transmission Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Automatic Transmission Market
26. Top Automotive Automatic Transmission Companies
27. Automotive Automatic Transmission Market Opportunities And Strategies
28. Automotive Automatic Transmission Market, Conclusions And Recommendations
29. Appendix

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