Passenger Car Transmission Market Size and Trends 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 88.5 billion
CAGR (2023-2028)	7.4%
Fastest Growing Segment	Passenger Car
Largest Market	North America

Market Overview

The Global Passenger Car Transmission Market size reached USD 88.5 billion in 2022 and is expected grow with a CAGR of 7.4% in the forecast period.

The Global Passenger Car Transmission Market has undergone significant evolution in recent years, shaped by shifting consumer preferences, regulatory mandates, and technological advancements. Automatic transmissions have gained prominence, with consumers increasingly favoring them over manual options due to their convenience and smooth driving experience, particularly in urban environments. This preference for automatic transmissions has been a pivotal driver in the market's growth. Stringent fuel efficiency and emissions regulations have also played a critical role in shaping the market landscape. Automakers are continually investing in advanced transmission technologies to improve fuel economy while maintaining performance standards. Innovations such as multi-speed transmissions and continuously variable transmissions (CVTs) have emerged to meet these demands and reduce environmental impact.

The growth of electric vehicles (EVs) has introduced a new dimension to the Passenger Car Transmission Market. EVs typically utilize single-speed automatic transmissions or direct drive systems, eliminating the need for traditional multi-speed transmissions. As EV adoption continues to rise, this sector may experience further transformations, impacting the market dynamics of traditional automatic transmissions.

Additionally, the integration of advanced driver-assistance systems (ADAS) and autonomous driving technologies has influenced transmission development. These systems require sophisticated transmission solutions that can seamlessly communicate with sensors and computer systems to optimize vehicle control and safety. The Global Passenger Car Transmission Market is characterized by a transition towards automatic transmissions, driven by consumer preferences and the need to meet strict regulatory standards. Innovations in transmission technology, adaptations for electric vehicles, and integration with advanced driving technologies all contribute to the industry's dynamic and evolving nature. The market continues to adapt to changing consumer and regulatory demands, shaping the future of passenger car transmissions.

Key Market Drivers

Consumer Preference for Automatic Transmissions

One of the primary drivers is the evolving preference of consumers for automatic transmissions. The demand for convenience, particularly in urban areas, has fueled the shift from manual to automatic transmissions, leading to increased market share for the latter.

Stringent Emission Regulations

Global efforts to reduce carbon emissions and enhance fuel efficiency have prompted automakers to develop advanced transmission technologies. Regulations push for transmissions that optimize engine performance, reduce fuel consumption, and minimize emissions, driving innovation in this market.

Urbanization and Congestion

Rapid urbanization worldwide has led to increased traffic congestion, making automatic transmissions more appealing. The ease of driving and reduced fatigue associated with automatic transmissions align with the needs of city dwellers, further boosting their adoption.

Electric Vehicle Growth

The rise of electric vehicles (EVs) has introduced specialized transmission needs. While traditional automatic transmissions may not be required in many EVs, the growth of this segment presents opportunities for innovative transmission technologies that suit EV powertrains.

Technological Advancements

Continuous advancements in transmission technology, such as multi-speed transmissions, continuously variable transmissions (CVTs), and dual-clutch transmissions, enhance fuel efficiency and overall vehicle performance. These innovations drive market growth as automakers strive to meet consumer demands.

Demand for SUVs and Crossovers

The global surge in demand for SUVs and crossovers has a significant impact on the transmission market. These larger vehicles often require different transmission systems to optimize power delivery and fuel efficiency, contributing to market expansion.

Integration with Advanced Driver-Assistance Systems (ADAS)

The integration of transmission systems with ADAS and autonomous driving technologies has become a crucial driver. Sophisticated transmissions are essential to work seamlessly with these systems, enhancing safety and driving experience.

Global Expansion of Automotive Markets

The growth of emerging automotive markets in regions like Asia-Pacific and Latin America has increased demand for passenger cars with automatic transmissions. These markets are experiencing rising incomes and urbanization, driving the need for convenient and efficient vehicles.

In conclusion, the Global Passenger Car Transmission Market is shaped by a complex interplay of factors. Consumer preferences, regulatory pressures, technological advancements, and the evolving automotive landscape all contribute to its dynamics. As the industry continues to innovate and adapt to changing demands, these drivers will remain pivotal in influencing its growth trajectory.

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Key Market Challenges

Evolving Consumer Preferences

One of the ongoing challenges is the diversity of consumer preferences. While automatic transmissions are gaining popularity due to their convenience, some consumers still prefer manual transmissions for their cost-effectiveness, control, and driving engagement. Striking the right balance between automatic and manual transmission offerings is a challenge for automakers, as they need to cater to a wide range of consumer preferences.

Stringent Emissions Standards

Globally, governments are imposing increasingly stringent emissions standards to combat environmental issues. Meeting these standards while still providing efficient and affordable transmissions is a significant challenge for automakers and transmission manufacturers. The need to reduce emissions often requires investments in advanced transmission technologies, which can increase production costs.

Electric Vehicle Disruption

The rise of electric vehicles (EVs) presents a disruptive challenge to traditional transmission manufacturers. Many EVs use single-speed transmissions or direct-drive systems, which eliminate the need for multi-speed transmissions. This shift has the potential to reduce the demand for traditional automatic transmissions, impacting market dynamics.

Transition to Hybrid Powertrains

Hybrid vehicles incorporate a combination of internal combustion engines and electric powertrains, often requiring specialized transmissions to optimize power delivery. This shift towards hybridization poses a challenge for transmission manufacturers, who must develop and supply hybrid-specific transmission systems to meet automakers' needs.

Technological Advancements

While technological advancements drive innovation in transmission systems, they also create challenges. The complexity of modern transmissions, such as dual-clutch transmissions and continuously variable transmissions (CVTs), can lead to higher maintenance costs and repair challenges for consumers, impacting long-term reliability.

Cost Pressures

Automakers face constant cost pressures to remain competitive in the market. Developing and integrating advanced transmission technologies while keeping vehicles affordable can be a challenging balancing act. High research and development costs for transmission innovation can strain profit margins.

Global Economic Factors

Economic fluctuations, trade disputes, and supply chain disruptions can impact the availability and cost of transmission components and materials. These factors can lead to production delays and increased expenses, affecting the overall profitability of automakers.

Regulatory Uncertainty

Automotive regulations and standards vary by region and can change over time. This regulatory uncertainty can create challenges for automakers and transmission manufacturers in terms of compliance, leading to potential delays and additional costs in adapting to new regulations.

The Global Passenger Car Transmission Market faces a complex set of challenges, including evolving consumer preferences, emissions standards, the rise of electric and hybrid vehicles, technological complexity, cost pressures, economic factors, and regulatory uncertainty. Navigating these challenges requires a combination of innovation, adaptability, and strategic planning within the automotive industry.

Key Market Trends

Shift Towards Automatic Transmissions

There is a clear trend favoring automatic transmissions over manual ones. This shift is driven by the growing demand for convenience and ease of driving, particularly in congested urban areas. Automatic transmissions provide a smoother and more effortless driving experience, leading to a significant increase in their adoption globally.

Hybridization and Electrification

The automotive industry is witnessing a surge in hybrid and electric vehicles (EVs), both of which have distinct transmission requirements. Hybrid powertrains often incorporate specialized transmissions to efficiently combine internal combustion engines with electric motors. EVs, on the other hand, frequently employ single-speed transmissions or direct-drive systems, eliminating the need for traditional multi-speed transmissions.

Advanced Transmission Technologies

Continuous advancements in transmission technology are driving innovation. Multi-speed transmissions, continuously variable transmissions (CVTs), and dual-clutch transmissions are examples of sophisticated technologies designed to enhance fuel efficiency, performance, and overall driving experience. These innovations are aimed at meeting stricter emissions regulations and improving fuel economy.

Efficiency and Emissions Reduction

Global emissions standards are becoming increasingly stringent, motivating automakers to invest in transmission technologies that improve fuel efficiency and reduce emissions. Transmissions play a pivotal role in optimizing engine performance and fuel consumption, making them a crucial component in achieving compliance with these regulations.

Integration with Hybrid Systems

Hybrid vehicles, which combine internal combustion engines with electric propulsion, require advanced transmission systems to manage power transitions effectively. Transmissions in hybrids are designed to seamlessly shift between different power sources, maximizing efficiency and performance.

Continued Growth of SUV Segment

The popularity of SUVs and crossovers continues to rise, impacting the transmission market. These larger vehicles often require different transmission systems to optimize power delivery and fuel efficiency. Automakers are adapting by developing transmissions tailored to the needs of SUVs.

Transmission Electrification

Transmission electrification involves the integration of electric motors into transmission systems, enhancing overall vehicle efficiency and performance. This trend is particularly relevant in hybrid and plug-in hybrid vehicles, where electric motors work in conjunction with traditional transmissions to optimize power delivery.

Enhanced Connectivity and Automation

The integration of transmissions with advanced driver-assistance systems (ADAS) and autonomous driving technologies is on the rise. These systems rely on sophisticated transmissions that can seamlessly communicate with sensors and control systems, contributing to improved vehicle safety and automation capabilities.

In summary, the Global Passenger Car Transmission Market is witnessing a transformation driven by consumer preferences, environmental regulations, technological advancements, and the evolving landscape of vehicle electrification. These trends collectively shape the market's future as automakers and transmission manufacturers adapt to meet the changing needs of the industry and consumers.

Segmental Insights

Transmission Type plays a pivotal role in the market's composition. Automatic Transmissions have witnessed substantial growth, owing to the increasing preference for convenience and smoother driving experiences. These transmissions have gained traction, especially in congested urban areas, where ease of operation is highly valued. Continuously variable transmissions (CVTs) and multi-speed automatics are becoming increasingly popular due to their fuel efficiency benefits. Additionally, dual-clutch transmissions offer a sportier driving experience, catering to automotive enthusiasts. In contrast, Manual Transmissions, while declining in popularity, still maintain a presence, particularly in regions where cost-effective options are preferred or where driving enthusiasts appreciate the direct control they provide. This segment continues to have a niche market, although it is gradually giving way to automatic alternatives as technology advancements enhance the efficiency and convenience of automatic transmissions.

Geographically, the market exhibits regional variations, with Asia-Pacific emerging as a dominant force. This region boasts the largest automotive production and consumption, led by economic powerhouses like China and India. The rapid urbanization and a burgeoning middle-class population in these countries contribute to the strong demand for passenger cars with automatic transmissions. Moreover, the preference for SUVs and sedans further fuels the growth of this market in the Asia-Pacific region. In North America, the continued preference for automatic transmissions is evident. Consumers in this region favor the convenience and ease of use that automatic transmissions provide. The market is characterized by a strong presence of domestic and international automakers, with a focus on innovative transmission technologies to meet stringent emissions regulations. Additionally, the rise of electric and hybrid vehicles in North America has spurred the development of specialized automatic transmissions tailored to these eco-friendly vehicles.

Europe, on the other hand, presents a diverse landscape. While automatic transmissions are on the rise, manual transmissions still hold a significant share, particularly in countries with a strong automotive tradition. The region places a high emphasis on reducing emissions, prompting automakers to invest in advanced transmission technologies. Luxury and premium car segments in Europe often feature high-end automatic transmissions, contributing to the market's growth. Outside of these major regions, other markets in Latin America, the Middle East, and Africa exhibit varying degrees of growth and adoption. Economic factors, consumer preferences, and infrastructure development play pivotal roles in shaping the demand for automatic transmissions in these regions. Some markets are gradually shifting towards automatic transmissions, while others predominantly use manual transmissions due to cost considerations and local preferences.

In conclusion, the Global Passenger Car Transmission Market is marked by a dynamic interplay of transmission types and regional variations. The shift towards automatic transmissions is prominent, driven by consumer demands for convenience and efficiency, but the pace of this transition varies across different regions, reflecting the diverse preferences and economic factors influencing the industry.

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Regional Insights

The Asia-Pacific region stands out as a dominant force in the Global Passenger Car Transmission Market . This is largely attributed to its massive automotive production and consumption, led by economic powerhouses such as China and India. Rapid urbanization, a burgeoning middle-class population, and increasing disposable income are driving the demand for passenger cars with automatic transmissions in this region. The preference for SUVs and sedans further fuels market growth. Additionally, Asia-Pacific has become a hub for automotive manufacturing, making it a significant contributor to the global transmission market. North America maintains a steady preference for automatic transmissions, with many consumers favoring the convenience they offer, particularly in regions with heavy traffic. The market is characterized by the presence of both domestic and international automakers. Automakers in this region focus on innovative transmission technologies to meet stringent emissions regulations and improve fuel efficiency. The rise of electric and hybrid vehicles in North America has also spurred the development of specialized automatic transmissions tailored to these eco-friendly vehicles.

Europe presents a diverse landscape in terms of transmission preferences. While automatic transmissions are on the rise, manual transmissions still hold a significant share, particularly in countries with a strong automotive tradition. The region places a high emphasis on reducing emissions, prompting automakers to invest in advanced transmission technologies. Luxury and premium car segments in Europe often feature high-end automatic transmissions, contributing to the market's growth. Europe's commitment to sustainability and stringent emissions regulations continues to shape the transmission market in the region.

Other regions, including Latin America, the Middle East, and Africa, exhibit varying degrees of growth and adoption in the Passenger Car Transmission Market . Economic factors, consumer preferences, and infrastructure development play pivotal roles in shaping demand. Some markets in these regions are gradually transitioning towards automatic transmissions due to consumer preferences for convenience and efficiency. However, manual transmissions still dominate in certain areas due to cost considerations and local driving traditions.

The Global Passenger Car Transmission Market displays distinct regional characteristics influenced by economic conditions, consumer preferences, and regulatory environments. While the preference for automatic transmissions is a global trend, the pace and extent of adoption vary across regions, reflecting the unique factors that shape each market's dynamics.

Recent Developments

In November 2021, The Mitsubishi Twin-Stick Super Shift Gave Manual Transmission Buyers Two Shifters and Doubled Performance Potential.
In March 2019, Allison Transmission to build advanced vehicle environmental test facility in Indianapolis.

Key Market Players

Aisin Seiki Co Ltd
Allison Transmission Holdings
BorgWarner Inc.
Continental AG
Daimler AG
Delphi Automotive
Eaton Corporation PLC
Fiat Powertrain Technologies
Jatco Ltd.
Magna International Inc.

By Vehicle Type	By Fuel Type	By Transmission Type	By Region
Passenger Cars LCV M&HCV	Gasoline Diesel Hybrid	Manual Automatic	North America Europe & CIS Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Passenger Car Transmission Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Passenger Car Transmission Market, By Vehicle Type:

o Passenger Cars

o LCV

o M&HCV

Passenger Car Transmission Market, By Fuel Type:

o Gasoline

o Diesel

o Hybrid

Passenger Car Transmission Market, By Transmission Type:

o Manual

o Automatic

Passenger Car Transmission Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Transmission Market.

Available Customizations:

Global Passenger Car Transmission Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Passenger Car Transmission Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Passenger Car Transmission Market

5. Global Passenger Car Transmission Market Outlook

5.1. Market Size & Forecast

5.1.1. By Volume & Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (SUV, Sedan, Hatchback, MUV)

5.2.2. By Fuel Type (Gasoline, Diesel, and Hybrid)

5.2.3. By Transmission Type (Manual, Automatic)

5.2.4. By Regional Market Share Analysis

5.2.4.1. Asia-Pacific Market Share Analysis

5.2.4.2. Europe & CIS Market Share Analysis

5.2.4.3. North America Market Share Analysis

5.2.4.4. South America Market Share Analysis

5.2.4.5. Middle East & Africa Market Share Analysis

5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3. Global Passenger Car Transmission Market Mapping & Opportunity Assessment

5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2. By Fuel Type Market Mapping & Opportunity Assessment

5.3.3. By Transmission Type Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Passenger Car Transmission Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume & Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis

6.2.2. By Fuel Type Market Share Analysis

6.2.3. By Transmission Type Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. China Market Share Analysis

6.2.4.2. India Market Share Analysis

6.2.4.3. Japan Market Share Analysis

6.2.4.4. Indonesia Market Share Analysis

6.2.4.5. Thailand Market Share Analysis

6.2.4.6. South Korea Market Share Analysis

6.2.4.7. Australia Market Share Analysis

6.2.4.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Passenger Car Transmission Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Volume & Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Vehicle Type Market Share Analysis

6.3.1.2.2. By Fuel Type Market Share Analysis

6.3.1.2.3. By Transmission Type Market Share Analysis

6.3.2. India Passenger Car Transmission Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Volume & Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Vehicle Type Market Share Analysis

6.3.2.2.2. By Fuel Type Market Share Analysis

6.3.2.2.3. By Transmission Type Market Share Analysis

6.3.3. Japan Passenger Car Transmission Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Volume & Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Vehicle Type Market Share Analysis

6.3.3.2.2. By Fuel Type Market Share Analysis

6.3.3.2.3. By Transmission Type Market Share Analysis

6.3.4. Indonesia Passenger Car Transmission Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Volume & Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Vehicle Type Market Share Analysis

6.3.4.2.2. By Fuel Type Market Share Analysis

6.3.4.2.3. By Transmission Type Market Share Analysis

6.3.5. Thailand Passenger Car Transmission Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Volume & Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Vehicle Type Market Share Analysis

6.3.5.2.2. By Fuel Type Market Share Analysis

6.3.5.2.3. By Transmission Type Market Share Analysis

6.3.6. South Korea Passenger Car Transmission Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Volume & Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Vehicle Type Market Share Analysis

6.3.6.2.2. By Fuel Type Market Share Analysis

6.3.6.2.3. By Transmission Type Market Share Analysis

6.3.7. Australia Passenger Car Transmission Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Volume & Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Vehicle Type Market Share Analysis

6.3.7.2.2. By Fuel Type Market Share Analysis

6.3.7.2.3. By Transmission Type Market Share Analysis

7. Europe & CIS Passenger Car Transmission Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume & Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Fuel Type Market Share Analysis

7.2.3. By Transmission Type Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. Germany Market Share Analysis

7.2.4.2. Spain Market Share Analysis

7.2.4.3. France Market Share Analysis

7.2.4.4. Russia Market Share Analysis

7.2.4.5. Italy Market Share Analysis

7.2.4.6. United Kingdom Market Share Analysis

7.2.4.7. Belgium Market Share Analysis

7.2.4.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Passenger Car Transmission Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Volume & Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle Type Market Share Analysis

7.3.1.2.2. By Fuel Type Market Share Analysis

7.3.1.2.3. By Transmission Type Market Share Analysis

7.3.2. Spain Passenger Car Transmission Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Volume & Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle Type Market Share Analysis

7.3.2.2.2. By Fuel Type Market Share Analysis

7.3.2.2.3. By Transmission Type Market Share Analysis

7.3.3. France Passenger Car Transmission Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Volume & Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle Type Market Share Analysis

7.3.3.2.2. By Fuel Type Market Share Analysis

7.3.3.2.3. By Transmission Type Market Share Analysis

7.3.4. Russia Passenger Car Transmission Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Volume & Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle Type Market Share Analysis

7.3.4.2.2. By Fuel Type Market Share Analysis

7.3.4.2.3. By Transmission Type Market Share Analysis

7.3.5. Italy Passenger Car Transmission Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Volume & Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle Type Market Share Analysis

7.3.5.2.2. By Fuel Type Market Share Analysis

7.3.5.2.3. By Transmission Type Market Share Analysis

7.3.6. United Kingdom Passenger Car Transmission Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Volume & Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Vehicle Type Market Share Analysis

7.3.6.2.2. By Fuel Type Market Share Analysis

7.3.6.2.3. By Transmission Type Market Share Analysis

7.3.7. Belgium Passenger Car Transmission Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Volume & Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Vehicle Type Market Share Analysis

7.3.7.2.2. By Fuel Type Market Share Analysis

7.3.7.2.3. By Transmission Type Market Share Analysis

8. North America Passenger Car Transmission Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume & Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Fuel Type Market Share Analysis

8.2.3. By Transmission Type Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United States Market Share Analysis

8.2.4.2. Mexico Market Share Analysis

8.2.4.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Passenger Car Transmission Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Volume & Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Vehicle Type Market Share Analysis

8.3.1.2.2. By Fuel Type Market Share Analysis

8.3.1.2.3. By Transmission Type Market Share Analysis

8.3.2. Mexico Passenger Car Transmission Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Volume & Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Vehicle Type Market Share Analysis

8.3.2.2.2. By Fuel Type Market Share Analysis

8.3.2.2.3. By Transmission Type Market Share Analysis

8.3.3. Canada Passenger Car Transmission Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Volume & Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Vehicle Type Market Share Analysis

8.3.3.2.2. By Fuel Type Market Share Analysis

8.3.3.2.3. By Transmission Type Market Share Analysis

9. South America Passenger Car Transmission Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Fuel Type Market Share Analysis

9.2.3. By Transmission Type Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Brazil Market Share Analysis

9.2.4.2. Argentina Market Share Analysis

9.2.4.3. Colombia Market Share Analysis

9.2.4.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Passenger Car Transmission Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Volume & Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Vehicle Type Market Share Analysis

9.3.1.2.2. By Fuel Type Market Share Analysis

9.3.1.2.3. By Transmission Type Market Share Analysis

9.3.2. Colombia Passenger Car Transmission Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Volume & Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Vehicle Type Market Share Analysis

9.3.2.2.2. By Fuel Type Market Share Analysis

9.3.2.2.3. By Transmission Type Market Share Analysis

9.3.3. Argentina Passenger Car Transmission Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Volume & Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Vehicle Type Market Share Analysis

9.3.3.2.2. By Fuel Type Market Share Analysis

9.3.3.2.3. By Transmission Type Market Share Analysis

10. Middle East & Africa Passenger Car Transmission Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume & Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Fuel Type Market Share Analysis

10.2.3. By Transmission Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Turkey Market Share Analysis

10.2.4.2. Iran Market Share Analysis

10.2.4.3. Saudi Arabia Market Share Analysis

10.2.4.4. UAE Market Share Analysis

10.2.4.5. Rest of Middle East & Africa Market Share Africa

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Passenger Car Transmission Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Volume & Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Vehicle Type Market Share Analysis

10.3.1.2.2. By Fuel Type Market Share Analysis

10.3.1.2.3. By Transmission Type Market Share Analysis

10.3.2. Iran Passenger Car Transmission Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Volume & Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Vehicle Type Market Share Analysis

10.3.2.2.2. By Fuel Type Market Share Analysis

10.3.2.2.3. By Transmission Type Market Share Analysis

10.3.3. Saudi Arabia Passenger Car Transmission Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Volume & Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Vehicle Type Market Share Analysis

10.3.3.2.2. By Fuel Type Market Share Analysis

10.3.3.2.3. By Transmission Type Market Share Analysis

10.3.4. UAE Passenger Car Transmission Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Volume & Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Vehicle Type Market Share Analysis

10.3.4.2.2. By Fuel Type Market Share Analysis

10.3.4.2.3. By Transmission Type Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. Aisin Seiki Co Ltd.

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. Allison Transmission Holdings

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. BorgWarner Inc

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. Continental AG

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. Daimler AG.

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. Delphi Automotive

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. Eaton Corporation PLC.

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. Fiat Powertrain Technologies

14.1.8.1. Company Details

14.1.8.2. Key Product Offered

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

14.1.9. Jatco Ltd.

14.1.9.1. Company Details

14.1.9.2. Key Product Offered

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Recent Developments

14.1.9.5. Key Management Personnel

14.1.10. Magna International Inc.

14.1.10.1. Company Details

14.1.10.2. Key Product Offered

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Recent Developments

14.1.10.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

15.1.3. Target By Fuel Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Passenger Car Transmission Market in 2022?

The Global Passenger Car Transmission Market size reached U USD 88.5 billion in 2022.

Which was the dominant segment By Vehicle Type in the Global Passenger Car Transmission Market in 2022?

The SUV (Sport Utility Vehicle) segment has emerged as the dominant force in the Global Passenger Car Transmission Market. This trend is attributed to the soaring popularity of SUVs worldwide, driven by consumer demand for spacious and versatile vehicles. As a result, automatic transmission systems designed for SUVs are experiencing significant growth and expanding their market share across regions.

Which is the dominant region in the Global Passenger Car Transmission Market?

Asia-Pacific emerges as the dominant region in the Global Passenger Car Transmission Market. This prominence is attributed to its significant automotive production, led by countries like China and India, and the growing preference for passenger cars equipped with various transmission types. Rapid urbanization, a burgeoning middle-class population, and economic growth are propelling the demand for transmissions in this region, making Asia-Pacific a key driver of the global market.

What are the major drivers for the Global Passenger Car Transmission Market?

The major drivers for the Global Passenger Car Transmission Market include the shift towards automatic transmissions due to consumer demand for convenience, stringent global emissions regulations necessitating advanced transmission technologies for fuel efficiency, and the rapid growth of electric and hybrid vehicles, requiring specialized transmission systems to optimize power delivery. These factors collectively contribute to the market's growth and evolution.

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Srishti Verma

Business Consultant

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Press Release

Passenger Car Transmission Market to Grow with a CAGR of 7.4% through 2028

Oct, 2023

Stringent global emissions regulations necessitating advanced transmission technologies for fuel efficiency, and the rapid growth of electric and hybrid vehicles is driving the market in the forecast

Passenger Car Transmission Market – Global Industry Size, Share, Trends Opportunity, and Forecast 2018-2028. Segmented By Vehicle Type (Passenger Cars, LCV, M&HCV), By Fuel Type (Gasoline, Diesel, and Hybrid), By Transmission Type (Manual, Automatic) By Region and By Competition

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