Automotive Transmission Market worth 125.8 Million Units by 2019 - New Report by MarketsandMarkets
Dallas, TX (PRWEB) November 28, 2014 -- The report “Automotive Transmission Market by Vehicle Type (Passenger Car, LCV, & HCV), Transmission Type (Manual, Automatic, AMT, & CVT), & Region (Asia-Oceania, Europe, North America, & ROW), Industry - Trends & Forecast to 2019”, classifies and defines the Automotive Transmission Market in terms of value and volume.
Browse 83 market data tables with 38 figures spread through 260 pages and in-depth TOC on “Automotive Transmission Market - Trends & Forecast to 2019”.
http://www.marketsandmarkets.com/Market-Reports/automotive-transmission-systems-market-1063.html
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Asia-Oceania: Growing Market for Automotive Transmission in the Near Future
The Asia-Oceania region includes developing countries such as China, India, Japan, and South Korea. The increasing NOx levels, global warming, stringent fuel emission norms, higher vehicle fuel efficiency, and also the need for better performing vehicles, are the factors driving the demand for automotive transmission in this region. Manufacturers such as Aisin Seiki (Japan), Denso Corporation (Japan), and JATCO (Japan) are some of the dominant players in this region that are anticipated to drive the demand for automotive transmissions.
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Europe & North America: Gaining Consumer Acceptance in Advanced Transmission Systems
In 2009, Europe experienced an economic downturn that affected many industries within the region, especially the automotive industry. However, it is recovering well from the crisis and as per the president of the European Council Mr. Herman Van Rompuy, “The Real GDP of 2007 for the European region will not recover by the end of 2015”. The Automotive Transmission Market is projected to record a stable growth rate during the period under study. Due to the technological advantage that Europe possesses, new and advanced technologies are well-accepted in its local markets. Due to factors such as promotion of green vehicles, stringent fuel emission and economy norms, and increasing concerns regarding global warming, the region has become a key market for new and advanced automotive transmission systems and is home to a number of transmission system manufacturers such as ZF Friedrichshafen (Germany), GETRAG (Germany), and Continental AG (Germany).
The North American region comprises the U.S., Mexico, and Canada. Mexico and Canada are the emerging economies in this segment. The U.S. is already an established market in the North American region and is projected to continue growing at a healthy rate. The advantages provided by the advanced transmission systems are projected to positively affect the automotive transmission systems market. The light-duty vehicles produced in this region are mostly equipped with automatic transmissions, whereas manual transmissions contribute a minimal share. Manufacturers of automotive transmissions such as Magna International Inc. (Canada), BorgWarner (U.S.), and Allison Transmission (U.S.) have a significant presence in North America.
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This report covers the automotive transmission systems in terms of value and volume. The value of the market is provided in terms of $million, whereas market size in terms of volume, from 2012 to 2019, is provided in terms of thousand units. The Automotive Transmission Market is broadly classified into manual transmission, automatic transmission, automated manual transmission (AMT), and continuously variable transmission (CVT), focusing on key region-wise (Asia-Oceania, Europe, North America, and ROW), and vehicle type (PC, LCV, and HCV) markets.
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