Automotive Automatic Transmission (AT) System Market Key Competitors Analysis and Business Development Strategies, 2028
The major drivers of automotive automatic transmission (AT) system market are increasing production and sales of vehicles, growing demand for low-range and mid-range vehicles, increase in demand for high end cars in the developed regions of North America and Europe, and rise in adoption of semi-automatic transmission systems in commercial automobiles.
(firmenpresse) - Global automotive automatic transmission (AT) system market is anticipated to witness significant growth in the forecast period due to growing inclination from manual to automatic transmission. Automotive automatic transmission (AT) system is a motor vehicle transmission that automatically changes gear ratio while driving. It offers ease of operation by eliminating the driver to change the gears manually. It enables internal combustion engine to run at comparatively high rotational speed for better speed of the vehicle.
The major drivers of automotive automatic transmission (AT) system market are increasing production and sales of vehicles, growing demand for low-range and mid-range vehicles, increase in demand for high end cars in the developed regions of North America and Europe, and rise in adoption of semi-automatic transmission systems in commercial automobiles. Furthermore, change in consumer preference towards automatic transmission is also propelling the market. However, significant cost of automotive automatic transmission system is hindering the market growth.
Increasing government regulations for safety attributes and fuel efficiencies of the automobile are stimulating manufacturers to install AT systems in vehicles that can comply with both, regulations and safety is trending in the market. Increase in demand for AT systems from the developing economies is an opportunity for the market.
Automotive automatic transmission system market is categorized based on vehicle type, transmission type, fuel type, sales channel, and geography. Based on vehicle type, market is divided into commercial vehicles and passenger cars. Commercial vehicles is further divided into heavy commercial vehicle, light commercial vehicle, buses, and coaches. Passenger cars segment is expected to lead the market in the forecast period in terms of revenue, increase in demand from the consumers, and rise in disposable income of consumers of developing economies.
By transmission type, automotive automatic transmission system market is bifurcated into hydraulic AT, CVT (Continuously Variable Transmission), DCT (dual-clutch transmission), and others. Hydraulic AT segment expected to lead the market in the forecast period due to its high efficiency. This efficiency is attributed to the fuel consumption, use of sensor-based technology, for monitoring and detecting the throttle position, gear shifts, vehicle and engine speed among others. Based on fuel type, market is divided into diesel, hybrid, and gasoline. By sales channel, the market is divided into aftermarket and OEM (Original Equipment manufacturer).
Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the market in future due to increase in demand for vehicles with automatic transmission and increasing private investment in the domain. Asia Pacific also leads the market due to increasing population, high demand for passenger cars and increase in spending power of consumers.
The prominent players in automotive automatic transmission (AT) system market comprise Schaeffler AG, ZF Friedrichshafen AG, Allison Transmission, Aisin Seiki, Continental AG, Eaton Corporation, Magana International Inc., Borg Warner, Magneti Marelli S.p.A., JATCO, Hyundai Dymos, and Bonfiglioli RIDUTTORI S.p.A.
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automotive-and-parts
at-system-market-news
global-at-system-industry-size
at-system-market-share
at-system-market-demand
at-system-market-analysis
at-system-market-research
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