Automotive Automatic Transmission Market: Outlook
Technological advancements have brought great prospects for the automotive automatic transmission market over a brief period and is projected to continue across the forecast period of 2020-2030. The convenience and comfort offered by automotive automatic transmission bring tremendous growth prospects.
The growing traffic concerns demand continuous gear-changing process across the journey in a manual transmission vehicle. This aspect is both inconvenient for the user and not good for car maintenance. Automotive automatic transmission systems eliminate these problems, thus bringing extensive growth opportunities for the automotive automatic transmission market.
This report provides an out-and-out detailed analysis of the aspects that bring tremendous growth prospects for the automotive automatic transmission market. The report concisely focuses on various growth parameters such as competitive scenario, emerging trends, geographical analysis, etc. The study helps the stakeholders to understand the various growth aspects of the automotive automatic transmission market conscientiously. The report also brings extensive information about the COVID-19 impact on the automotive automatic transmission market.
For Right Perspective & Competitive Insights on Automotive Automatic Transmission Market, Request for a Sample
Automotive automatic transmission market: Competitive insights
A substantial chunk of key players dominate the automotive automatic transmission market. The manufacturers in the automotive automatic transmission market invest heavily in research and development activities for discovering novel techniques and mechanisms that offer cost-effective and superior quality products to the end-user.
In addition, the manufacturers in the automotive automatic transmission market are also involved in customizing the systems in tandem with the emission norms set by various countries around the world. Some well-entrenched players in the automotive automatic transmission market are Eaton Corporation PLC, ZF Friedrichshafen AG, Aisin Seiki Co Ltd., Magna International Inc., and Continental AG.
Automotive Automatic Transmission Market: Product Type-Related Recent Developments
The automotive automatic transmission market can be segmented into Automatic Manual Transmission (AMT), Dual Clutch Transmission (DCT), Automatic Transmission (AT), and Continuously Variable Transmission (CVT). Some recent developments have the potential of bringing great growth opportunities for the automotive automatic transmission market. Here are major developments across the varied product types.
Dual Clutch Transmission (DCT): This type is a blend of automatic and manual gearbox system. Hyundai recently announced its plans of including N eight-speed wet dual-clutch transmission (N DCT) in its 2021 Veloster N model. The N DCT system has electronic actuators that provide ride comfort and fuel efficiency.
Automatic Manual Transmission (AMT): The AMT system is a semi-autonomous transmission system that uses processors, pneumatics, actuators, and sensors for simulating manual gear use. AMT systems are being used in mid-range vehicles and this segment caters to a large populace. Therefore, this aspect will eventually bring a rise in the demand for AMT systems. The Renault Kwid AMT is being labeled as the cheapest automatic car in India as it is equipped with a five-speed Easy-R AMT gearbox.
Continuously Variable Transmission (CVT): This technology uses pulleys and belts instead of traditional steel gears. Honda Cars have begun pre-launch bookings of the New Jazz in India. It will be available in both manual and continuously variable transmission (CVT).
Automatic Transmission (AT): The traditional automatic transmission system is also gaining considerable momentum through demand from various automobile manufacturers. ZF Friedrichshafen has recently launched the ZF EcoLife transmission technology that helps in improving fuel efficiency.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
Automotive Automatic Transmission Market: Geographical Dimensions
The automotive automatic transmission market is spread across North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Asia Pacific may bring considerable growth prospects for the automotive automatic transmission market during the forecast period of 2020-2030. The increasing sales of automatic transmission vehicles are bringing extensive growth opportunities for the automotive automatic transmission market.
India may have a lion’s share in growth contribution. Low-cost automatic transmission variables available for sale are bringing immense growth prospects for the automotive automatic transmission market. The COVID-19 situation is leading many individuals to switch from public transport to private vehicles. This aspect may bring tremendous growth opportunities for the automotive automatic transmission market.
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.