Automatic Transmission Market

Automatic Transmission Market Likely to Surpass US$ 90 Bn by 2026
Transparency Market Research has published a new report titled, “Global Automatic
Transmission Market [Transmission Type: Automatic Transmission (AT), Automated
Manual Transmission (AMT), Continuously Variable Transmission (CVT) and Dual
Clutch Transmission (DCT); Vehicle Passenger Vehicle, Commercial Vehicle] – Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According
to the report, the global automatic transmission market is projected to surpass US$
90 Bn by 2026, expanding at a CAGR of above 3% during the forecast period.
According to the report, the global automatic transmission market is likely to be
driven by a range of macroeconomic and industry-specific factors. Asia Pacific is
expected to be at the forefront of global demand, with the market in the region
expanding at a CAGR of 3.86% between 2018 and 2026.
Request A Sample – https://www.transparencymarketresearch.com/sample/sample.php?
flag=S&rep_id=58164
An automotive transmission ensures smooth shifting of gears in a vehicle to transfer
torque generated by the engine to drive the vehicle. Automatic transmission consists
of sensors and actuators that change gears at different speeds smoothly without the
intervention of the driver. Automatic transmission offers a leisurely driving experience
and hence, automatic transmission is gaining popularity among consumers and auto
manufacturers. The types of transmissions available include continuously variable
transmission (CVT) and automated manual transmission (AMT). Regulatory bodies in
different regions have enacted rigid standards regarding emission, which is expected
to boost the demand for automatic transmission during the forecast period. Rising
demand for fuel-efficient vehicles and quality driving experience from consumers is
anticipated drive the automatic transmission market during the forecast period.
In terms of transmission type, the global automatic transmission market has been
divided into automated manual transmission (AMT), automatic transmission (AT),
continuously variable transmission (CVT), and dual clutch transmission (DCT). The
automated manual transmission (AMT) segment is likely to expand at a significant
pace owing to its considerable adoption in heavy commercial vehicles and hatchbacks
cars due to the significant demand for fuel efficiency coupled with a comfortable
drive. Automated manual transmission offers flexibility such as most AMT is equipped
in the manual mode, which can be used as a manual transmission; the AMT is
designed in such way that it offers maximum fuel efficiency. Continuously variable
transmission (CVT) offers infinite number of gear ratios within the maximum and
minimum range. CVT offers better engine control along with fuel economy, also gear
change in this transmission is smooth. Major vehicle manufacturers such as Toyota,
Honda, Nissan, and Mitsubishi provide CVT in their vehicles.
Download Report TOC for in-depth analysis @
https://www.transparencymarketresearch.com/report-toc/58164
In terms of vehicle, the automatic transmission market has been classified into
passenger vehicle and commercial vehicle. The passenger vehicle segment is
anticipated to dominate the automatic transmission market during the forecast period.
Rise in rate of rise in sales of passenger vehicles across the globe is anticipated to
drive the automatic transmission market. Modern hatchbacks are mostly equipped
with the automated manual transmission (AMT) owing to the demand for fuel
efficiency, while sedans are equipped with continuously variable transmission (CVT)
for better fuel efficiency and engine control. However, increasing adoption of
automatic transmission in commercial vehicles for comfortable drive and easy shifting
of gears is expected to boost the demand for automatic transmission during the
forecast period.

Automatic Transmission Market