Gearless Transmission Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Gearless Transmission Market Growth and Trends
The global automatic transmission market is expected to expand at a steady CAGR of 3.95% over the period between 2020 and 2027.Automotive Transmission Market size valued at over USD 236.4 billion in 2019 and is estimated to exhibit around 4.3% CAGR from 2020 to 2026.
The growth of the global automatic transmission market relies on advancements in vehicle manufacturing. The automobile industry has exhibited a splendid display of innovation and forward thinking over the past decade. The commendable growth trajectory of this industry is reflective of its seriousness in filling the market gaps. Furthermore, the automobile industry has taken it upon itself to serve premium utility to the end-users. Therefore, investments in automobile manufacturing shall trickle down to the global automatic transmission market. The contemporary scenario is plush with opportunities for growth across the automobile industry. The paying capacity of the masses has increased, and this trend has helped the automobile industry in fostering greater innovation.
Comfort and ease of driving are key factors that are likely to increase the demand for automated manual transmission in commercial vehicles and hatchbacks. Furthermore, cost of automated manual transmission is low, as compared to those of other types of transmission. Consequently, the overall cost of the vehicle is highly competitive and hence, automated manual transmission is gaining popularity among vehicle manufacturers and consumers. Rising congestion in urban areas, growing demand for fuel-efficient vehicles, and adoption of latest technologies by automakers are anticipated to drive the global automatic transmission market during the forecast period. Growing environmental concerns and demand for clean exhaust along with maximum fuel efficiency are likely to propel the CVT segment of the automatic transmission market during the forecast period
rapid urbanization, and availability of vehicle loan with minimum interest are boosting vehicle production. This, in turn, anticipated to drive the automatic transmission market during the forecast period.
The growing complexity of manufacturing processes in the automobile industry has called for standardisation in the industry. Therefore, automobile vendors prefer to use automatic transmission systems that are easy to integrate with cars. The archetypes used for manufacturing automatic transmission systems have improved in recent times. This is an important contributor to the growth of the global automatic transmission market.
s it is used in every vehicle, automotive sector growth is directly proportional to the automotive transmission industry growth. Growing automotive production across the globe is anticipated to boost the transmission system demand.
The automotive industry has been experiencing growth in demand from past several years on account of increasing urbanization and disposable income in emerging economies
With new evolving manufacturing technologies, the cost of production will reduce further in future, which will contribute to the increasing demand for electric vehicles. Hybrid and electric vehicles are in the news and in the forefront, every time gasoline increases. Fuel prices are anticipated to grow after reopening the economies, growing fuel prices coupled with increasing environmental concern shall boost the hybrid & electric vehicle demand.
Challenges:
Apprehensions of the people to shift from manually-controlled gear systems to automatic transmission systems in vehicles is responsible for the slow rate of market growth.
Gearless Transmission Industry Regional Analysis
Gearless Transmission Market Research Report Scope/Definition
For the purpose of this market research report, the gearless transmission is defined as a mechanism to transmit power from input to output shafts by using sliding links to form revolute pair with the hub. Gearless transmission mechanism can be used as an alternative for bevel gears in low torque, low-cost applications. The gearless transmission provides reversible power transfer between three parallel shafts or more that have non-aligned rotational axes. Using gears is expensive and also decreases efficiency. The advantage of gearless transmission is in transmitting power at any angle without the use of any gears. Other advantages include; a simple cooling system, ease of manufacturing, freedom of interchangeability, quick response, low manufacturing cost, and easy to maintain and repair, reducing maintenance costs. Gearless transmission is an ingenious link mechanism of the slider and kinematic chain principle, making it a useful mechanical method with various applications such as in tower clocks, gang drilling, angular drilling, and in the automobile industry.
Gearless Transmission Market Share and Competition
Key companies operating in this industry are: Aisin Seiki Co., ZF Friedrichshafen AG, Getrag Corporate Group, Jatco Ltd., Magna Powertrain, GKN PLC, BorgWarner Inc., Allison Transmission Inc., Eaton, Volkswagen Group, Kia Motors, Ford Motors, and General Motors
Gearless Transmission Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Vehicle Type Analysis (Revenue, USD Million, 2021 - 2028)
• Passenger Cars
• LCV
• HCV
Gear Type Analysis (Revenue, USD Million, 2021 - 2028)
• Less Than 5
• 5 to 6
• 7 to 8
• Above 8
Distribution Channel Analysis (Revenue, USD Million, 2021 - 2028)
• OEM
• After Market
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Gearless Transmission Industry Companies
• Aisin Seiki Co.
• ZF Friedrichshafen AG
• Getrag Corporate Group
• Jatco Ltd.
• Magna Powertrain,
• GKN PLC
• BorgWarner Inc.
• Allison Transmission Inc.
• Eaton
• Volkswagen Group
• Kia Motors
• Ford Motors
• General Motors
Available Versions of Gearless Transmission Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
