Global Automatic Transmission Market 2024-2030

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    AUTOMATIC TRANSMISSION MARKET

     

    INTRODUCTION

    Transmitting the engine power to the wheels is the primary job of the transmission built in an automobile. Automatic Transmission in particular makes life lot easier by automatically changing the gear ratios, unlike in a manual transmission where gear shifting was to be done manually by the driver. This ease of operation has been the major factor for the rise in the automatic transmission market globally. The four types of automated transmissions are

    1. Torque converter Automatic Transmission
    2. Automated Manual Transmission
    3. Continuously Variable Transmission
    4. Dual Clutch Transmission

     

     

    AUTOMATIC TRANSMISSION MARKET SEGMENTATION

     

    AUTOMATIC TRANSMISSION MARKET By Vehicle Type

    • Passenger Cars
    • Commercial Vehicles

     

    AUTOMATIC TRANSMISSION MARKET By Geography

    • US
    • China
    • Europe
    • Japan
    • ASEAN
    • Latin America
    • India
    • ROW

     

    AUTOMATIC TRANSMISSION MARKET By OEM

    • GM
    • Toyota
    • VW
    • Hyundai-KIA
    • Ford
    • FCA
    • Honda
    • Renault-Nissan
    • Other OEMs

     

    AUTOMATIC TRANSMISSION MARKET By Transmission Type

    • Torque converter Automatic
    • Automated Manual
    • CVT
    • Dual Clutch

     

    AUTOMATIC TRANSMISSION MARKET DYNAMICS

    The demand for automatic transmission vehicles has been growing in Europe ,China and India over the years due to change in consumer behavior particularly in bigger cities. 6-speed and 8-speed automatic transmission are becoming popular. Ford and GM have also introduced 10 speed automatic transmission. The below chart depict the global automatic transmission penetration globally.

     

    Info Graphic: automotive automatic transmission system market growth, automotive automatic transmission system market size, automotive transmission market size, AUTOMATIC TRANSMISSION MARKET, automotive transmission market share

     

    AUTOMATIC TRANSMISSION MARKET BASED ON TRANSMISSION TYPE

     

    Torque converter Automatic transmission has its roots in North America and more than 70% vehicles sold in the US and Canada market have this transmission as standard fitment. They are also better suited to  high torque application.

     

    Continuous Variable Transmission (CVT) is the most widely used type of automatic transmission by Japanese OEMs due to its smooth gear shifting and increased fuel efficiency.

     

    Automatic Manual Transmission (AMT) a type of transmission with conventional gearbox and an electronically controlled clutch and gear actuators. These are popular in lower segment application and low cost country like India, due to lower premium($600) as compared to CVT/DCT and torque converter automatics which carry a premium of $1,200-$1,500 over Manual transmission.

     

    DCT (Dual Clutch Transmission) is found in premium cars and is rated the best among driving enthusiasts. DCTs have dual clutch technology where one clutch pack helps in disengaging and other to engage thus, eliminating the slip found in others. However, complex setup and higher recalls  has hindered its growth of late.

     

    US AUTOMATIC TRANSMISSION MARKET

    US is the biggest automatic transmission market in the world. 4 and 5 speed torque converter automatics dominated global markets during 1990-early 2000s but for the past 10 years or so 6 speed ATs are the norm in the mass segment and 8 speed ATs in the premium segment

     

    Toyota, the only Asian OEM with more than 10% market share of US market now offers E-CVT on its best-selling vehicles including Camry, RAV-4 and Tacoma.

     

    The 10-speed Torque converter Automatic developed by Ford and GM in partnership is now offered on many high volume vehicles like Explorer, F-150, Chevrolet Silverado, GMC Sierra. FCA is still dependent on ZF for sourcing 8 Speed Automatic transmission for its best-seller truck RAM 1500.

     

    Torque converter automatic Transmission is mostly used in Commercial vehicles(Ex school bus, Transit bus, food trucks) due to their low maintenance cost and ease of driving.

     

    Infographic: automotive automatic transmission system market growth, US automatic transmission market, automotive automatic transmission system market size

     

     

    EUROPE AUTOMATIC TRANSMISSION MARKET

    The Automatic transmission penetration has grown from 25% in 2014 to ~44% in 2019.All top- selling passenger vehicles are launched with automatic transmission variant at-least as an option.

     

    DCT transmission is the most preferred automatic transmission type in the EU market, followed by Torque converter and CVT transmission. AMT transmission equipped cars are almost non-existent.

     

    The Premium OEMs have RWD setup for many Diesel cars and thus prefer Torque converter automatics instead of DCT. Now, that Diesel share in new car sales have been declining and Petrol-Hybrid share is gaining, we expect CVT and DCT to conquest Torque converter`s share in short-medium term.

     

    CHINA AUTOMATIC TRANSMISSION MARKET

    China had a very high share of manual transmission equipped cars until 2010 but post 2010 when Auto industry started showing signs of maturity, the gradual shift to Automatic cars happened.

     

    DCT and CVT transmission cars are most sought after, followed by torque converter automatics as China is a gasoline dominant market.

     

    China is the largest automobile market in the world right now is providing Automatic transmission for few of their top selling cars such as Havel H6, Toyota Corolla and Nissan Sylph.

     

    Automatic transmission market in China is expected to be the fastest growing market in the upcoming years.

     

    INDIA AUTOMATIC TRANSMISSION MARKET

    Automatic Transmission equipped cars have started getting prominence in India only after 2014, when Maruti launched its first mass segment AMT powered Celerio . Now, AMT transmission can be commonly found in various entry level affordable cars of Tata, Maruti and Hyundai. DCT option is limited to premium cars only, with Hyundai-KIA leading the charge across multiple segments.

     

    We expect DCT transmission to gain at-least 5% extra share from manual transmission in >$15,000 cars in next 2-3 years.

     

    AUTOMATIC TRANSMISSION MARKET SIZE AND FORECAST

    The major factor driving the automatic transmission market is emergence of production of light weight passenger cars. Also the rise in EVs across the globe has propelled the automatic transmission market but almost all of them have just one reduction gear as compared to 6-8 in ICE vehicles.

     

    Info Graphic: automotive automatic transmission system market growth, automotive automatic transmission system market size, automotive transmission market size, AUTOMATIC TRANSMISSION MARKET, automotive transmission market share 

     

    The sale of high end SUVs and premium cars will boost the automatic transmission market.

     

    The Global Automatic Transmission Market is estimated at $XX Billion in 2023, growing at 6% CAGR till 2024-2030. COVID-19 will have a significant impact on Auto production as well as Automatic Transmission fitment. 

     

    AUTOMATIC TRNASMISSION MARKET COVID IMPACT 

     

    • ZF Friedrichshafen in 2020 suffered a drop of 11% in company’s overall revenue from €36.5B to €32.6B
    • Eaton Corporation reported that its operating cash flow remained resilient at $2.9 billion and free cash flow was $2.6 billion. 
    •  In 2020, Aisin Seiki witnessed a decline in unit sales of automatic transmission systems. This resulted in significant drop in Operating Profit as it fell by 73%. 
    •  Allison Transmission experienced a severe drop in demand in the 2nd Quarter of 2020 with demand recovering throughout the second half of 2020. The company could not align themselves with the demand developed during typical market conditions.  

     

     

    AUTOMATIC TRANSMISSION MARKET RECENT PARTNERSHIP

    • ZF Group to supply 8 speed automatic transmissions to Fiat Chrysler Automobiles (FCA) for RWD and AWD vehicles
    • A joint venture was signed between global automotive supplier Marelli with PUNCH Motive International to develop and manufacture e-axle solutions for electric vehicles.
    • SK Salton CSS, a semiconductor wafer manufacturer, plans to invest $300 million in new Michigan Plants for silicon carbide wafers for EV power systems. 

     

    AUTOMATIC TRANSMISSION MARKET NEW LAUNCHES

    • Hyundai and Kia have announced the development of ICT (Information and Communication Technology) connected automatic transmission system.
    • ZF is developing an enhanced 8 speed automatic transmissions for BMW’s hybrid cars.
    • Honda has filed a patent for transmission system with 11 gears and 3 clutches. It has been designed to improve efficiency while decreasing the loss of torque.
    • Skoda Auto India has released automatic transmission version of its TSI-powered Rapid, the engine has a fuel efficiency rate 16.24 kmpl, witnessing a surge of 9% increase over the replaced MP engine. 
    • Cummins has started testing a hydrogen fueled IC engine , following the proof of concept testing the company plans to evaluate its engine on various on/off highway applications to promote acceleration of decarbonization of commercial vehicle . 

     

    The latest iteration of Volvo Trucks intelligent and automated I-Shift heavy-duty truck gearbox has a substantially faster shift speed than its predecessor, according to the company.

     

    Faster clutch activation has been added to the transmission, resulting in a shorter torque interruption. It is feasible to optimize gear selection more efficiently with faster gear shifting.

     

    The driver will appreciate the improvements even more as the road and terrain require more shifting events. With up to 30% faster gear changes now available with I-Shift, drivers will undoubtedly notice a significant improvement.

     

    First, new sensors supply more accurate data to the control unit, which now has new software and a faster microprocessor for substantially faster computation times. Second, an additional disc in the gearbox brake allows it to react more quickly before a gear shift.

     

    Finally, the air volume in the actuation systems, such as the shift forks, clutch, and gearbox brake, has been lowered to allow for even faster gear shifts. 

     

    AUTOMATIC TRANSMISSION MARKET COMPETITIVE LANDSCAPE

    The key players in the automatic transmission sector are ZF Friedrichshafen AG (Germany), Eaton Corporation (Ireland), Aisin Seiki Co, Ltd (Japan), Allison Transmission (U.S), Jasco Corporation (Japan), BorgWarner Inc (U.S) and Schaeffler AG (Germany). Manufacturers are focusing on providing cost-effective solution without compromising the performance of the vehicle.

     

    ZF Friedrichshafen AG has bagged new Billion-Euro order for the hybrid-capable 8-speed auto transmission system with the continued increase in demand for electric bus drives

     

    BorgWarner supplies DCT modules to more than 15 OEMs worldwide whereas ZF supplies its 8HP automatic transmission to various OEMs including BMW, JLR and FCA

     

    Magneti Marelli is the leading supplier of AMT transmission. Jaco is the biggest supplier of CVT transmission worldwide. Hyundai-Trans’s supplies DCT transmission to all models of Hyundai-KIA.

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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