Automotive Automatic Transmission Market report

With emergence of electric and hybrid engines, the global automotive industry is witnessing a growing shift from manual to automatic transmission. The efficiency of automatic transmissions in providing a convenient mode for elevating the performance of vehicles has driven its adoption in the global automotive landscape. OEMs are developing their products and components by considering their end-use in automotive automatic transmissions. Moreover, automotive automatic transmissions are being recognized for their exceptional strength characteristics. The ability of automatic transmissions in increasing the amount of surface contact between the gears is driving their demand.

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Fact.MR’s latest forecast study observes that global automotive automatic transmission market is pegged to expand at a robust pace during the period, 2017-2026. Key findings from the report reveal that the global automotive automatic transmission market will register a volume CAGR of 8.2% over the forecast period. The report further estimates that by the end of 2026, the global market for automotive automatic transmission will touch an estimated valuation of US$ 5 Bn.