How Has the Automotive Automatic Transmission Market Size Evolved in Recent Years?
The automotive automatic transmission market has seen considerable growth due to a variety of factors.
• The automotive automatic transmission market has shown robust growth in recent years. It is expected to increase from $67.44 billion in 2024 to $72.9 billion in 2025, at a compound annual growth rate (CAGR) of 8.1%.
The growth is fueled by the integration of hybrid and plug-in hybrid systems, growing demand for automatic transmission vehicles, increased focus on fuel efficiency and emissions reduction, and the growing preference for convenience in driving.
What are the Market Size and Expected Growth Rates for the Automotive Automatic Transmission Market?
The automotive automatic transmission market is expected to maintain its strong growth trajectory in upcoming years.
• The automotive automatic transmission market is projected to reach $98.6 billion by 2029, growing at a CAGR of 7.8%.
This growth is attributed to the rising adoption of electric vehicles, integration of ADAS in transmissions, stricter emission standards, the expansion of ride-sharing fleets, and innovations in transmission materials. Trends include dual-clutch and continuously variable transmissions, predictive maintenance, and the growth of subscription-based transmission services.
Which Key Drivers Are Propelling The Automotive Automatic Transmission Market's Growth?
The shift toward electric vehicles is expected to drive the growth of the automotive automatic transmission market. Electric and hybrid vehicles, powered by electric motors or a combination of electric motors and internal combustion engines, are becoming more popular due to their environmental benefits, energy efficiency, and fuel economy. Automatic transmission systems in electric vehicles manage power delivery and optimize driving performance. The International Energy Agency reported a 35% year-on-year increase in global electric car sales in 2023, further supporting the growth of the automotive automatic transmission market.
What Are The Key Segments Within The Global Automotive Automatic Transmission Market?
The automotive automatic transmission market covered in this report is segmented –
1) By Type: Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission, Continuously Variable Transmission
2) By Fuel Type: Gasoline, Diesel, Hybrid
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Subsegments:
1) By Automatic Transmission: Conventional Automatic Transmission (Torque Converter), Multi-Speed Automatic Transmission
2) By Automated Manual Transmission: Single-Clutch Automated Manual Transmission, Multi-Clutch Automated Manual Transmission
3) By Dual Clutch Transmission: Dry Dual Clutch Transmission, Wet Dual Clutch Transmission
4) By Continuously Variable Transmission: Hydraulic CVT, Electric CVT, Belt-Chain CVT
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How Are Emerging Trends Reshaping The Dynamics Of The Automotive Automatic Transmission Market?
Companies in the automotive automatic transmission market are focusing on intelligent clutch heat mapping algorithms to optimize the performance of automatic transmission systems. ZF India launched the EcoTronic Mid Automated Manual Transmission system in July 2022, which enhances fleet operational efficiency. This system includes features that improve clutch and gearbox life while offering smoother operation on challenging terrains.
Who Are the Key Players In The Automotive Automatic Transmission Market?
Major companies operating in the automotive automatic transmission market are:
• 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
• Voith Group
• AVL List GmbH
• Allison Transmission Inc.
• Ricardo plc
• Tremec Corporation
• Punch Powertrain NV
• JATCO Ltd.
• Honda Transmission Manufacturing of America
• GETRAG
• Hyundai PowerTech Co. Ltd.
What Are The Regional Insights Into The Automotive Automatic Transmission Market?
North America was the largest region in the automotive automatic transmission market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive automatic transmission market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
