(USGovernment-News.Com, September 06, 2019 ) Market Dynamics • Growth in the demand for automobiles is the key driver for growth of the market. • Other factors such as change in preferences of consumers in terms of vehicle performance and need for improved fuel economy are prompting OEMs and transmission system manufacturers to invest more in R&D activities. • The Environmental Protection Agency and REACH have enacted various environmental regulations due to increasing carbon emissions across the globe. • Moreover, In order to meet carbon emission norms and enhance the performance of the vehicle, automobile manufacturers are continuously involved in research.
Market Segmentation • On the basis of transmission type, global automotive transmission market can be classified into manual, automatic, semi-automatic, dual-clutch transmission and continuously variable transmission. o Due to increase in traffic congestion, consumers are now showing interest towards advanced transmission systems such as automatic transmission, dual clutch transmission (DCT) and continuous variable transmission (CVT) for enhanced driving experience and increased fuel efficiency. • Based on geography, automotive transmission market can be classified into Asia Pacific, North America, South America, Europe and Rest of the world. o Due to rise in passenger vehicles in economies such as India, Japan and China, the market for automotive transmission in Asia Pacific is likely to grow at a faster rate. o The market in North America is also anticipated to exhibit a promising pace of expansion due to demand for vehicles equipped with advanced transmission systems. o Consumers in developed countries like North America and Europe prefer increased comfortl and enhanced driving experience and this trend is anticipated to increase the demand for advanced automotive transmission systems.
Company profiles • Key players operating in global automotive transmission market are • Aisin Seiki Co., • Getrag Corporate Group, • Eaton Corporation, • Others
Scope of the report • The report covers factors impacting the market, porter five forces, market share analysis, product mapping and company profiles.
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