Automotive Transmission Global Analysis & Forecast to 2021 Market Res Automotive Transmission Market - Global Industry A | Page 2

restraining the automotive transmission market. Growing demand for advanced
transmission systems in the entry level vehicle segment is expected to drive the
market.
By vehicle type, passenger cars segment accounted for the largest market share in
the global automotive transmission market. Light commercial vehicles and heavy
commercial vehicle followed passenger cars in this segment. Innovation of latest
transmission technology in passenger cars from simpler four speed automatic
transmissions to 8-speed and 9-speed transmission is enhancing the driving
experience, comfort and fuel efficiency of the vehicle.
Asia Pacific led the global automotive transmission market. Macro factors like low
cost labor, favorable government policies towards the automotive industry are
factors driving the automotive transmission market in the region. Asia Pacific is both
the largest producer and the biggest transmission market in terms of value due to
presence of countries like China, India, South Korea and Japan. Most of the
automotive OEMs have their established manufacturing facilities in China due to low
cost of labor and to cater to the high demand from automotive sector in this region.
Asia Pacific is followed by Europe in the global automotive transmission market.
Automotive transmission market in Europe is dominated by manual transmission.
Increase in demand for comfort, fuel efficiency and stringent emission norms are
expected to drive the automotive transmission market.
This report provides strategic analysis of automotive transmission market and the
growth forecast for the period from 2015 to 2021. The report covers competitive
analysis of various market segments based on transmission type, fuel type and by
vehicle type. In depth cross segmentation based on the transmission type, fuel type
and by vehicle type across different geographic segments is also provided in this
report.
The market share of various key industry players in the automotive transmission
market along with their company overview, market presence (by segment and
geography), financial overview, business strategies and recent developments are
also included in the report. The key players operating in the automotive
transmission market are Magna International Inc. (Canada), Eaton Corporation
(Ireland), Continental AG (Germany), ZF Friedrichshafen (Germany), Allison
Transmission (U.S.A), BorgWarner Inc. (U.S), Aisin SEIKI Co. Ltd. (Japan), and GKN
PLC (U.K) among others.
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The automotive transmission market has been segmented as follows: