Meticulous Research®—a globally recognized leader in market intelligence—has recently published its latest report titled, "Automotive Transmission Market by Type (Manual, Automated Manual, and Semi-automated Manual Transmission), Engine Type (Petrol and Diesel), Vehicle Type, Sales Channel, and Geography—Global Forecast to 2031." The report projects the global automotive transmission market to grow at a CAGR of 5.4%, reaching $146.2 billion by 2031.

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Market Growth Drivers
The steady expansion of the automotive transmission market is attributed to rapid advancements in transmission technologies and increasingly stringent regulatory and emissions standards. However, challenges such as the complex nature of transmission systems and fluctuating raw material prices may impact market growth.

Opportunities abound, as automakers focus on lightweight and highly efficient materials. Additionally, the integration of AI and machine learning in transmission systems is set to open new avenues for market expansion. On the downside, supply chain disruptions present a notable challenge to sustained market growth.

Market Segmentation Overview
The global automotive transmission market is segmented across several key parameters: type, engine type, vehicle type, and sales channel.
• By Type: The market is categorized into manual transmission, automated manual transmission (which includes automatic, continuously variable, and dual-clutch transmissions), and semi-automated manual transmission. In 2024, manual transmissions are expected to dominate with a 48.0% market share, largely due to their superior fuel efficiency. Manual transmissions are popular in regions with high fuel costs and a strong focus on environmental sustainability.

However, the automated manual transmission segment is anticipated to record the fastest growth over the forecast period. The combination of automation and control that automated manual transmissions offer is driving market demand. Leading companies are introducing innovative transmission solutions, such as ZF Friedrichshafen AG’s PowerLine 8-speed automatic transmission, which is set to scale production in 2024.

• By Engine Type: The market is divided between petrol and diesel engines, with the petrol segment expected to hold 56.0% of the market share in 2024. Automated transmissions, particularly CVTs and DCTs, enhance the performance and fuel efficiency of petrol engines, fueling demand. This segment is also projected to register the highest CAGR during the forecast period.

• By Vehicle Type: Segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles (trucks and buses), the passenger cars segment is expected to dominate with 47.0% of the market in 2024. Technological advancements such as CVTs and DCTs in passenger cars are driving this growth. The passenger car segment is forecasted to continue leading the market with the highest growth rate through 2031.

• By Sales Channel: Original equipment manufacturers (OEMs) are expected to account for 85.0% of the market share in 2024. OEMs are expanding their geographic presence, particularly in emerging markets, and forming strategic partnerships with technology companies to incorporate advanced features into their vehicles. This segment is poised to grow at the highest CAGR during the forecast period.

Regional Insights
The report identifies Asia-Pacific as the largest regional market, projected to hold 41.0% of the market share in 2024. Rapid urbanization, rising disposable incomes, and growing vehicle ownership across the region are driving demand for automotive transmissions. Notably, the increasing preference for automatic transmissions due to traffic congestion and the need for smoother driving experiences is boosting market growth in this region. Asia-Pacific is forecasted to have the highest CAGR of 7.0% from 2024 to 2031.

Additionally, countries like China, India, Japan, and South Korea are expected to play a significant role in driving growth, supported by stringent regulatory standards that favor the adoption of efficient transmission systems. Market players like Aisin Corporation are introducing electrification innovations, further fueling the region’s growth.

Key Market Players
Prominent companies in the global automotive transmission market include ZF Friedrichshafen AG (Germany), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Continental AG (Germany), Eaton Corporation plc (U.S.), Allison Transmission Holdings, Inc. (U.S.), Marelli Holdings Co., Ltd. (Japan), AISIN Group (Japan), Bonfiglioli S.P.A (China), Hyundai Transys Inc. (South Korea), Musashi Seimitsu Industry Co., Ltd. (Japan), Schaeffler AG (Germany), Vietesco Technologies Group AG (Germany), GKN plc (U.K.), and KATE LLC (Russia).

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