Automotive Transmission and Clutch Technologies Market Trends, Sector Overview and Forecast to 2028
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Automotive Transmission and Clutch Technologies Market Overview
The transmission and clutch technologies market size was 175.8 million units in 2023. The market will grow at a CAGR of more than 2% during 2023-2028. The market growth is primarily attributed to the stringent fuel efficiency and emission regulations worldwide that are prompting manufacturers to focus on fuel-efficient transmission systems. In 2023, Asia-Pacific accounted for a significant share of the automotive transmission and clutch technologies market.
Automotive Transmission and Clutch Technologies Market Outlook, 2023-2028 (Million Units)
Buy the Full Report for More Insights on the Automotive Transmission and Clutch Technologies Market Report Forecast
The automotive transmission and clutch technologies market research report provides a comprehensive overview of the market trends and drivers. The automotive transmission and clutch technologies market also provides a detailed overview of technological developments and PESTER analysis. Furthermore, evaluate strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across sectors, regions, countries, and top applicants.
Market Size (2023) | 175.8 million units |
CAGR (2023-2028) | >2% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Aisin, ZF, General Motors, Renault, and PSA |
Key Sectors | Clutches – Automatic, Clutches – Manual, OE Automatic Transmissions, and OE Manual Transmissions |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Automotive Transmission and Clutch Technologies Market Trends
The key trends shaping the automotive transmission and clutch technologies market are the rapid rise of electric vehicles and the remarkable increase in the popularity of hybrid vehicles.
The rapid rise of electric vehicles: The demand for suitable transmission systems has surged with the global rise in EV adoption. Most battery electric vehicles (BEVs) currently employ a single-speed transmission, directing the motor’s output speed and torque directly to the vehicle’s wheels.
Buy the Full Report for More Trend Insights into the Automotive Transmission and Clutch Technologies Market
Automotive Transmission and Clutch Technologies Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest market share of the automotive transmission and clutch technologies market
The key regions in the automotive transmission and clutch technologies market are Asia-Pacific, Europe, North America, South America, and MEA. The growing adoption of electric and hybrid vehicles is influencing the transmission market in APAC. Automatic and manual transmissions coexist in this region, with demand and supply for both systems running concurrently. However, recent emission regulations imposed by various Asian governments have set the stage for the electrification of passenger cars soon.
Automotive Transmission and Clutch Technologies Market Analysis by Regions, 2023 (%)
Buy the Full Report for More Regional Insights into the Automotive Transmission and Clutch Technologies Market
Automotive Transmission and Clutch Technologies Market – Competitive Landscape
Aisin led the automatic transmission market in 2022
A few of the top companies operating in the automotive transmission and clutch technologies market are:
- Aisin
- ZF
- General Motors
- Renault
- PSA
In July 2022, AISIN Corporation, BluE Nexus Corporation, and Denso announced that they have jointly developed a new 1-motor hybrid transmission. This product is used for Toyota’s new Crown CROSSOVER RS. The 1-motor hybrid transmission developed by the three companies integrates the newly designed Direct Shift-6AT with a driving motor and an inverter.
Aisin is also taking strategic actions to aid the automotive transmission and clutch technologies market growth. In October 2023, The XUV300 received a new automatic gearbox sourced from Aisin. Consumer feedback potentially influenced the decision to introduce this automatic gearbox.
Automatic Transmission Market Analysis by Companies, 2022 (%)
Buy the Full Report to Know More about Major Developments and Strategic Actions of Automotive Transmission and Clutch Technologies Market Companies
Automotive Transmission and Clutch Technologies Market Segmentation by Sectors
In 2023, automatic clutches and OE automatic transmissions accounted for equal shares of the automotive transmission and clutch technologies market
The key sectors in the automotive transmission and clutch technologies market are clutches-automatic, clutches-manual, OE automatic transmissions, and OE manual transmissions. While automatic transmissions and clutches are gaining popularity for their ease of use and benefits in urban traffic, the market is expected to experience a decline in volume due to the increasing adoption of electric vehicles.
Buy the Full Report for More Sector Insights into the Automotive Transmission and Clutch Technologies Market
Automotive Transmission and Clutch Technologies Market – Latest Developments
A few of the latest developments in the automotive transmission and clutch technologies market are as follows:
- 26th January 2024: Daedong Gear, a components manufacturer from South Korea, recently announced a significant agreement with Hyundai Motor Company to supply drivetrain components for their electric vehicles. As per the local sources, Daedong has agreed to provide output shaft sub-assemblies for Hyundai’s new EV platform, which will transfer power from the drivetrain to the wheels.
- 23rd November 2023: Hyundai Transys, affiliated with Hyundai Motor Group, has started supplying transmission systems to Volkswagen Group as part of a recently signed deal. Formed in 2019 through the merger of Hyundai Dymos and Hyundai Powertech, Hyundai Transys is a major supplier of powertrain, transmission, and automotive seating to Hyundai Motor Group.
Buy the Full Report to Know More about the Latest Developments in the Automotive Transmission and Clutch Technologies Market
Segments Covered in this Report
Automotive Transmission and Clutch Technologies Regional Outlook (Value, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Automotive Transmission and Clutch Technologies Sector Outlook (Value, Million Units, 2018-2028)
- Clutches – Automatic
- Clutches – Manual
- OE Automatic Transmissions
- OE Manual Transmissions
Scope
- Trends & Drivers: Provides an overview of the current key trends and drivers that will influence the sector’s growth in the future.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of political, economic, social, technological, environmental, and regulatory factors impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018-2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions highlighting sector size and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the companies’ recent product innovations and key strategic initiatives. taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- The report provides OEMs and component suppliers’ latest information on market evolution to help formulate sales and marketing strategies.
- The report provides authentic market data with a high level of detail to help gain a competitive edge.
- The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
- The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.
Hyundai
Volkswagen
ZF Friedrichshafen
JATCO
Suzuki Motor
Toyota.
Table of Contents
Table
Frequently asked questions
-
What was the automotive transmission and clutch technologies market size in 2023?
The automotive transmission and clutch technologies market size was 175.8 million units in 2023.
-
What will the transmission and clutch technologies market growth rate be during the forecast period?
The transmission and clutch technologies market will grow at a CAGR of more than 2% during 2023-2028.
-
Which was the leading region in the automotive transmission and clutch technologies market in 2023?
Asia-Pacific was the leading revenue generator for the automotive transmission and clutch technologies market in 2023.
-
Which are the key companies in the automotive transmission and clutch technologies market?
The top companies operating in the automotive transmission and clutch technologies market are Aisin, ZF, General Motors, Renault, and PSA, among others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.