Techno World Automotive-Transmission-Systems-Market

Automotive Transmission Systems Market Will Generate Massive
Revenue In Future - A Comprehensive Study On Key Players
Automotive Transmission Systems Market research provides
industry analysis by type, manufacturer, application along with key
factors influencing the growth of the market which include growth
drivers, restraints, opportunities and challenges, strategically
profile key players and comprehensively analyze their market share
and core competencies.
Automotive transmission system transmits power to drive the engine. It includes various
transmission components such as gears, shafts, and other parts, which function together for
movement of device. There are two type of transmission system automatic transmission and
manual transmission, which are types of motor vehicle. In automatic transmission, gear ratios
change automatically as the vehicle moves and in manual transmission, the gear ratio change
manually. The growing demand for vehicles, in turn, is increasing the growth of the automotive
transmission system market.
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Automotive Transmission System Market Growth Factors
Increasing demand for all types of vehicle is driving the growth of the automotive transmission
system market. Moreover, increasing per capita income of individuals in emerging countries such
as India and China has led to increase in spending on fuel efficient vehicles which is further
boosting the market of transmission systems. According to International Organization of Motor
Vehicle Manufacturers statistics (OICA), in 2016, total number of vehicles manufactured was
around 94.9 million worldwide, which is expected to fuel the market growth during the forecast