Automotive Transmission Market 2015 Share,Trend and Forecast Automotive Transmission Market

Automotive
Transmission
Market - Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast 2015 - 2021
Demand for Smoother Driving Experience Fuels Automotive Transmission
Market
The growing demand for automatic transmission in entry-level vehicles in
developing countries is boosting the global automatic transmission market. The
adoption of advanced automotive transmission is witnessing a remarkable uptake
as drivers prefer a smooth driving experience on congested roads due to poorly
managed traffic. Additionally, the fuel efficiency brought about by technologically-
advanced automotive transmission systems is also bolstering the market’s growth.
The introduction of 9-speed automatic transmission has completely revolutionized
the scenario global automotive transmission market; its impact will continue to be
felt in the short term.
According to a research report published by Transparency Market Research, the
global automotive transmission market is expected to be worth US$181.8 mn by
2021 growing steadily from US$119.7 mn in 2014, as the market exhibits a CAGR of
5.9% from 2015 to 2021. The growing pressure from governments across the globe
to cut down carbon emissions is also prompting consumers to purchase vehicles
with improved automotive transmission as they render improved fuel efficiency. The
emergence of continuous variable transmission (CVT) will open up new growth
avenues for the global market as drivers will prefer the convenience of shifting
gears without any jerks or difficult clutch-brake operation. This technology will also
reduce the number of times the driver will have to shift gears, thus making it a
preferred choice in the near future.
View Report @ http://www.transparencymarketresearch.com/electronic-
warfare-market.html
Asia Pacific Marks its Dominance as Vehicle Sales Show Steep Growth
The report suggests that Asia Pacific has a strong foothold in the automotive
transmission market with Japan dominating the luxury car segment, while India
presenting a phenomenal scope for growth across all vehicle segments. The Asia
Pacific segment is expected to rise at CAGR of 6.6% between 2015 and 2021 with
rapid infrastructural developments that require a strong support from all types of
vehicles to speed up construction activities.