Latest News- Automotive Transmission Gearbox Market: Manual transmission is expected to lead the Type segment during 2025-2029

The Automotive Transmission Gearbox Market is being driven by Growing demand for fuel efficiency

The Automotive Transmission Gearbox Market is expected to grow at a CAGR of 6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20404.9 million. In the automotive industry, there is a growing trend among automakers to prioritize the adoption of 8-speed automatic transmissions over traditional 6-speed counterparts. This shift is driven by the benefits of enhanced engine performance, improved fuel efficiency, and a superior driving experience. The additional gear ratios offered by 8-speed transmissions result in smoother gear shifts and increased acceleration, making them particularly advantageous for high-performance and luxury vehicle segments. On November 20, 2024, Skoda officially announced its plans to integrate a new 8-speed automatic gearbox, sourced from AISIN, into its global vehicle lineup by 2026. This new transmission, which will be locally produced in India and Brazil, aims to reduce production costs while maintaining superior performance and efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for fuel efficiency
• Surge in vehicle production
• Strict emission regulations

However, the market also witnesses some limitations, which are as follows:

• Risks of transmission malfunctions and vehicle recalls
• Grinding and buzzing noises during gear shifts
• Supply chain disruptions

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Market Scope in Automotive Transmission Gearbox Market Research Report

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Research Analysis Overview

The Automotive Transmission Gearbox Market is experiencing significant advancements due to the push for carbon emissions reduction in urban transportation. This includes the development of EV charging infrastructure, vehicle lightweighting through material science, and powertrain innovation such as PHEVs, connected vehicles, and vehicle automation. Digital transformation, sustainable transportation, and smart mobility are also driving the market, with a focus on green technology, autonomous driving, and the future of mobility. Supply chain resilience, circular economy, fuel economy, and vehicle safety are key considerations, along with consumer adoption, manufacturing automation, drivetrain efficiency, and gearbox technology. Alternative fuels, shared mobility, transmission upgrades, automotive engineering, transmission fluid, transmission design, transmission repair, transmission maintenance, gearbox types, vehicle performance optimization, automatic transmission systems, alternative fuel vehicles, transmission problems, fuel efficiency, electric vehicle technology, and hybrid vehicle technology are all part of this dynamic and evolving market.

Market Research Overview

The automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Factors driving growth in this sector include the rise of electronic components in automobiles, such as electric vehicles' increasing sales leading to heightened demand for electric vehicle (EV) batteries, electric motor controllers, and other electrical components. Additionally, the growing popularity of hybrid electric vehicles (HEVs) and light commercial vehicles (LCVs) necessitates advancements in thermal management systems and improved transmission performance. Production delays may arise due to the complex supply chain of these advanced components. Overall, the automotive components and equipment market is expected to experience significant growth due to these technological advancements and shifting consumer preferences.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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