Additionally, a growing business class across China and India with higher disposable
income are also boosting the automotive transmission market in Asia Pacific. This
region will make a significant contribution to the passenger car segment as the
majority of consumers are opting for advanced transmission that delivers reduced
fuel consumption and driving comfort.
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Automatic Transmission Poised to be the Technology of Choice
The types of automotive transmission can be divided into manual and automatic.
Currently manual transmission dominates the global market; however, automatic is
estimated to be the emerging technology during the forecast period. Analysts
predict that the automatic transmission segment will expand at a CAGR of 6.9%
between 2015 and 2021. Improvements in the driving experience, added comfort,
and convenience on congested roads, are fueling the demand for automatic
transmission. Moreover, the added benefit of fuel efficiency is expected to tip the
scales in favor of automatic automotive transmission in the years ahead.
The growing demand for an automatic transmission in small car segment is yet
another reason propelling this type segment. Owing to these reasons, the
opportunity in the automatic transmission segment will be worth US$71.2 mn by
2021.
BorgWarner Inc., Continental AG, ZF Friedrichshafen, Aisin SEIKI Co. Ltd., Allison
Transmission, and GKN PLC are the key players in the global automotive
transmission market. Players will focus on investing in research and development
activities to develop advanced automotive transmission systems that deliver never-
seen-before fuel-efficiency and driving experience.
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