Global automatic transmissions market is anticipated to grow at a CAGR of 16.4% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of advance technologies for powerful and seamless driving experience drive the market growth. Automatic transmissions operate effectively in a variety of driving situations by ensuring seamless gear changes with minimal to no shift stress. Friction control is sophisticated and detailed sort of technology that is perfect for smoothly shifting gears and effectively transferring power from the engine. Various market players offer sophisticated tribology technology to develop friction-related parts and one-way clutches, which are the most crucial products in determining automatic transmission performance. They add to a powerful and seamless driving experience. For instance, in February 2021, ZF Friedrichshafen AG invested $200 million in North American commercial vehicle transmission manufacturing. With passenger car comfort, unparalleled commercial vehicle performance, advanced safety technology and double-digit fuel savings potential, ZF PowerLine sets a new standard for commercial vehicle powertrain experience. Furthermore, NSK Ltd. also offers next generation high energy wet-friction material for automotive. The company offering new wet-friction materials that deliver high heat resistance, increased flexibility, and an optimized wear-resistant design to meet the needs of electric vehicle (EV).
Browse the full report description of “Automotive Transmission Market Size, Share & Trends Analysis Report by Transmission Type (Manual and Automatic), by Fuel Type (Gasoline, Diesel and Alternate Fuel), and by Vehicle Type (Passenger Cars, Light commercial vehicles (LCVs) and Heavy commercial vehicles (HCVs)) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/automotive-transmission-market
For medium-sized and large commercial vehicles as well as defence vehicles, market players are introducing completely automated transmissions. They are also providing fully automatic transmissions with a patented torque converter that multiplies engine torque efficiently and transmits it to the gearbox smoothly. For instance, Allison Transmission, Inc. offers fully automatic transmissions for medium, heavy commercial, and defence vehicles, an advantage of Allison's fully automatic transmissions is its patented torque converter, which efficiently multiplies engine torque and smoothly transfers it to the gearbox. This hydraulically coupled component adds a controlled damping effect that virtually eliminates leaps from the system. The converter also guarantees gear changes without power interruption, increasing average operating speed, productivity and driver comfort.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Transmission Type
o By Fuel Type
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes AISIN CORP., BorgWarner Inc., Eaton Corp., Magna International Inc., ZF Friedrichshafen AG, among others.
Key questions addressed by the report.
Global Automotive Transmission Market Report Segment
By Transmission Type
By Fuel Type
By Vehicle Type
Global Automotive Transmission Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/automotive-transmission-market