Owing to the technology, even small entities have become automatic in today’s scenario. Gearboxes are a part of this change. Gearboxes are a major part of any automobile. With the availability of Automatic Gearbox, comfort and safety levels of the automobiles have increased. Gears of an automobile that can shift on their own, with the help of Automatic Gearbox are like a dream come true. Automatic Gearbox are gradually replacing the traditional manual gearboxes.
High torque is required by the vehicle when it is started or while it is climbing a hill, even though these functions are performed at very low speeds. As opposed to that, when the vehicle is running at a very high speed on level roads, high torque is not required due to the momentum. Transmission box or gear box is a device that can change vehicle’s speed and torque according to the conditions on the road or as needed by the driver. Automatic Gearbox, also known as the automatic transmission or self-shifting transmission is a type of gear box that frees the driver from shifting the gears manually, and that automatically changes gear ratios as the vehicle moves. Manual gearbox (with clutch) and Automatic Gearbox (with torque converters) work in totally different ways but accomplish the same thing. The parent market of Automatic Gearbox Market is the Automotive Gearbox Market. It is estimated that the Automatic Gearbox Market will grow at a high CAGR during the forecast period 2017 to 2025.
One of the major drivers of the Automatic Gearbox Market is the enhanced and comfortable driving experience provided by the Automatic Gearbox as compared to the traditional ones. The smoothness in shifting gears even on congested roads is attracting consumers towards vehicles with Automatic Gearbox. As people are becoming aware and concerned about the environment, they are demanding for technologies that decrease the levels of carbon footprint. In many countries, the governments are making environmental regulations to decrease the level of pollution in the environment. These factors are forcing automobile manufacturers to incorporate parts in the vehicle keeping in mind the environment as well as the fuel efficiency of the vehicle. Automatic Gearbox is one of them. Excessive growth in the passenger cars segment of the automobiles in the recent years has also led to growth in the Automatic Gearbox Market. The growth in the market of the Hybrid Electric Vehicle (HEV) is a likely factor that can provide a boost to the Automatic Gearbox Market. With urbanization, the increase in the standard of living of the people and the increased disposable income, even the middle-range earning population is able to afford automobiles with luxuries such as Automatic Gearbox. Owing to all these factors, the Automatic Gearbox Market is estimated to grow at a very high CAGR during the forecast period from 2017 to 2021.
Trends in the Automatic Gearbox Market of the Europe and North America regions have shown significant growth rates in the recent years. People are approaching towards vehicles that are comfortable to drive as well as energy efficient.
The Automatic Gearbox Market is segmented into four types based on the number of forward gears, fuel type, vehicle type and region.
On the basis of the number of forward gears type, the Automatic Gearbox Market is segmented into - above 10, 9 – 10, 7 – 8, 5 – 6, and less than 5.
On the basis of fuel type, the Automatic Gearbox Market is segmented into Diesel, and Gasoline.
On the basis of the vehicle type, the Automatic Gearbox Market is segmented into Electric Vehicles, Heavy Commercial Vehicles (HCV), Light Commercial Vehicles (LCV), and Passenger Cars. The growing market of commercial and passenger vehicles is a great opportunity for the Automatic Gearbox Market to flourish.
On the basis of the region type, the Automatic Gearbox Market is segmented into - North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific Except Japan (APEJ), Middle-East and Africa (MEA), and Japan.
Asia-Pacific region is estimated to have the highest growth rate in the Automatic Gearbox Market. Increase in the adoption of commercial vehicles in countries such as China and India are forcing automobile manufacturers to incorporate advanced features in automobiles. Gradually, Asia-Pacific region is being called automobile hub owing to increase in the production of passenger and commercial vehicles. Increase in the sale of automobiles in China is likely to boost the demand for Automatic Gearbox in these regions. Also, owing to high demand and significant vehicle production in China, China is estimated to show significant growth trend in the Automatic Gearbox Market. Governments of certain countries in Asia-Pacific region are urging people to buy automobiles with parts that are fuel efficient, as well as help in reducing the carbon footprint. These governments are also offering tax deductions and incentives on such vehicles.
Some of the major players identified in the Automatic Gearbox Market include Aisin Seiki Co., Magna Powertrain, ZF Friedrichshafen AG, Jatco Ltd., Getrag Corporate Group, BorgWarner Inc., Eaton Corporation, Continental AG, Chongqing Tsingshan Industrial Co. Ltd., Volkswagen Aktiengesellschaft, Groupe Renault, and Hyundai Motor Company.
One of the major players of the Global Automatic Gearbox Market is the Hyundai Motor Company. The Hyundai Motor Company manufactures cars such as Hyundai Creta, and Hyundai Verna that come in variants with Automatic Gearbox.
Overall it can be concluded that the Global Automatic Gearbox Market is estimated to show significant growth trends. The comfortable driving experience provided by the Automatic Gearbox is a major factor that attracts the consumers towards automobiles with Automatic Gearbox.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.