Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Automotive Automatic Transmission Market Size is Expected to Grow from USD 73.50 Billion in 2023 to USD 104.17 Billion by 2033, at a CAGR of 3.55% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on The Global Automotive Automatic Transmission Market Size, Share, and COVID-19 Impact Analysis, By Type (Automatic Transmission/Torque Converter, Automated Manual Transmission, Continuously Variable Transmission, and Dual Clutch Transmission), By Fuel Type (Gasoline, Diesel, and Hybrid), By Vehicle Type (Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The global automotive automatic transmission market refers to the worldwide industry involved in designing, manufacturing, distributing, and selling automatic transmission systems used in motor vehicles. These systems automatically change the gear ratio of a vehicle as it moves, eliminating the need for the driver to manually shift gears. Furthermore, the global automotive automatic transmission market is driven by rising consumer preference for enhanced driving comfort, increasing demand for fuel-efficient vehicles, and growing urbanization. Technological advancements in transmission systems, such as CVTs and dual-clutch transmissions, also support market growth. Additionally, expanding vehicle production in emerging economies boosts adoption across passenger and commercial vehicle segments. However, restraining factors for the global automotive automatic transmission market include high production and maintenance costs, growing electric vehicle adoption, increasing preference for manual transmission in cost-sensitive markets, and supply chain disruptions.
The continuously variable transmission segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of the type, the global automotive automatic transmission market is divided into automatic transmission/torque converter, automated manual transmission, continuously variable transmission, and dual clutch transmission. Among these, the continuously variable transmission segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is attributed to its superior fuel efficiency, smoother driving experience, and growing adoption in compact and mid-sized vehicles. Rising demand for low-emission vehicles and advancements in CVT technology further support its growth potential.
The gasoline segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of the fuel type, the global automotive automatic transmission market is divided into gasoline, diesel, and hybrid. Among these, the gasoline segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is attributed to high global vehicle demand, widespread infrastructure, and affordability. Its continued growth is driven by rising transportation needs, emerging market expansion, and technological advancements improving fuel efficiency. These factors collectively boost its dominance and are expected to result in a remarkable CAGR during the forecast period.
The passenger car segment accounted for the greatest share in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.
On the basis of the vehicle type, the global automotive automatic transmission market is divided into passenger car, light commercial vehicles, and heavy commercial vehicles. Among these, the passenger car segment accounted for the greatest share in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. The segmental growth is attributed to the increasing urbanization, rising disposable incomes, and growing demand for personal mobility. Technological advancements, improved fuel efficiency, and supportive government initiatives further drive adoption. These factors contribute to its substantial CAGR and continued market leadership over the forecast period.
North America is projected to hold the largest share of the global automotive automatic transmission market over the forecast period.
North America is projected to hold the largest share of the global automotive automatic transmission market over the forecast period. The regional growth is attributed to the high vehicle ownership rates, strong demand for advanced driving technologies, and a well-established automotive industry. The region's preference for automatic vehicles, continuous R&D investments, and presence of major manufacturers further support its leading position throughout the forecast period.
Asia Pacific is expected to grow at the fastest CAGR of the global automotive automatic transmission market during the forecast period. The regional growth is attributed to the rapid urbanization, rising disposable incomes, and increasing vehicle production in countries like China, India, and Japan. Expanding middle-class populations, supportive government policies, and growing demand for fuel-efficient and technologically advanced vehicles are key drivers fueling this region’s accelerated market growth.
Company Profiling
Major vendors in the global automotive automatic transmission market are ZF Friedrichshafen AG, Schaeffler AG, Hyundai Transys Inc., JATCO Ltd, Magna International Inc., and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive automatic transmission market based on the below-mentioned segments:
Global Automotive Automatic Transmission Market, By Type
Global Automotive Automatic Transmission Market, By Fuel Type
Global Automotive Automatic Transmission Market, By Vehicle Type
Global Automotive Automatic Transmission Market, By Regional
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