The Automotive Fuel Tank Market Is Expected To Grow At An Impressive Rate

ROCKVILLE Md., Feb. 21 2022 (GLOBE NEWSWIRE) — Newly released data from Fact.MR estimates that global demand for automotive powertrain systems is expected to exceed US$38 billion by the end of 2021. Additionally, the market is expected to reach 70 $.2 billion by the end of the 2021-2031 assessment period, experiencing a 1.8x slope. The preference for manual transmission systems will remain dominant, due to increasing demands for fuel efficiency.

In the wake of the growing demand for high-speed automotive transmission systems, several leading manufacturers in the global automotive transmission systems landscape are investing in the R&D of new technology models.

The growing trend of opting for automatic transmission by drivers around the world is expected to help the industry weather the pandemic and come out with strong post Covid-19 numbers.

“The increasing use of passenger cars and the strict regulations set by the government are increasing the demand for automotive transmission systems.” opinion of a Fact.MR analyst

The main types of automatic transmission systems used in vehicles are automated manual transmission, continuously variable transmission, and dual-clutch transmission, among others.

With the COVID-19 pandemic affecting the automotive industry, the transmission market has seen its market share decline due to low or near zero automotive sales or new requirements. Although the United States has about 90% of vehicles equipped with automatic transmission, mileage-sensitive and large-scale markets like India have yet to gradually convert to automatic transmission systems.

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Key insights from market research

  • Gasoline is expected to hold the largest share of sales, accumulating over 55% market share
  • Manual automotive transmission systems will remain in high demand, capturing over 50% of demand
  • Automotive Powertrain Industry Expected to Hold 25% Market Share in North America
  • Asia is expected to account for more than a third of revenues until 2031

Competitive landscape

Some of the prominent companies operating in the field of automotive transmission systems include Aisin Seiki Co. Ltd, Renault SA, Continental AG, Magna International Inc., Eaton Corporation PLC, and Hyundai Motor Company, among others.

  • In December 2020, Vitesco Technologies supplied Renault with an actuator module for electrified transmissions. Renault has integrated the same into its E-Tech platform.
  • In June 2020, Hyundai Motor Corp. introduced the 2020 Santa Fe 7-seater SUV, which uses a third-generation architecture, equipped with a plug-in hybrid powertrain. The vehicle is equipped with an 8-speed automatic transmission system, as well as a manual shift mode.
  • In August 2021, Aisin Seiki Co. Ltd. has equipped the new Toyota Aqua with an electric water pump for inverter cooling and a cable shift that can automatically change gears. Small, highly responsive integrated electromechanical shifting will pave the way for future automated driving

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Report scope

The automotive automatic transmission systems market has been segmented by type, fuel type, vehicle type, and geography. The report presents the market size and forecast of the Automotive Automatic Transmission Market by value (USD Billion) for all the segments mentioned above.

By typethe market is segmented into automatic transmission, automated manual transmission, continuously variable transmission and dual clutch transmission.

By fuel typethe market is segmented into gasoline, diesel and hybrid

By vehicle type, the market is segmented into passenger cars, light-duty vehicles, and heavy-duty vehicles.

and By geographythe market is segmented into North America, Europe, Asia-Pacific, South America and Rest of the World

Key Points Covered in the Automotive Transmission System Industry Analysis

  • Market estimates and forecasts 2016-2031
  • Key drivers and restraints impacting market growth
  • Analysis by segment, by country and by region
  • Competitive Mapping and Benchmarking
  • Market share analysis
  • Main product innovations and regulatory climate
  • Impact of COVID-19 on the Automotive Transmission System Market and How to Navigate
  • Recommendation on the main winning strategies

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Research has repeatedly confirmed that the type of automotive transmission system implemented in a vehicle is imperative in shaping its fuel efficiency. In addition, automated automotive transmission systems and dual-clutch automotive transmission systems have been proven to be more efficient than the manual variant of automotive transmission systems – in terms of shifting comfort and loss reduction. of energy. This, in turn, accelerates sales of automotive transmission systems.

Fact.MR, in its new offering, presents an unbiased analysis of the global Automotive Transmission Systems Market, showcasing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.

The study offers essential market insights on the basis of transmission type (manual, automatic, automated, dual-clutch, and continuously variable), vehicle type (PC, LCV, and HCV), and fuel type ( gasoline and diesel) in seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East and Africa).

Key questions covered in the Automotive Transmission System Market Outlook Report

  • The report offers an overview of the demand outlook for automotive powertrain systems for 2021-2031
  • The market study also highlights the predicted sales growth for the automotive transmission systems market between 2021 and 2031.
  • The Automotive Transmission Systems Market study identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current and forecast market size and technological advancements in within the industry
  • Automotive Powertrain Market share analysis of major companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

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