Meticulous Research® has recently released a comprehensive report titled “Automotive Transmission Market by Type (Manual Transmission, Automated Manual Transmission, and Semi-automated Manual Transmission), Engine Type (Petrol Engine and Diesel Engine), Vehicle Type, Sales Channel, and Geography - Global Forecast to 2031.” The report outlines key insights into the growing market, highlighting that the global automotive transmission market is poised to reach $146.2 billion by 2031, exhibiting a CAGR of 5.4% from 2024 to 2031.

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Key Drivers and Market Dynamics

The rapid growth of the automotive transmission market is being driven by significant advancements in automotive transmission technologies and the increasing enforcement of stringent regulatory standards for emissions and fuel efficiency. These developments are enabling automakers to deliver more efficient, eco-friendly, and high-performance vehicles to meet evolving consumer and regulatory demands. However, the complexity of advanced transmission systems and fluctuations in raw material costs present potential challenges that may restrain market expansion.

The report also notes the rising emphasis among automakers on lightweight and highly efficient materials, coupled with the integration of artificial intelligence (AI) and machine learning in transmission systems, which is expected to create substantial growth opportunities. Conversely, supply chain disruptions remain a persistent challenge, hindering the smooth growth of the market.

Segment Analysis

The report delves into a detailed segmentation of the automotive transmission market by type, engine type, vehicle type, and sales channel.

By Transmission Type:

The global automotive transmission market is segmented into manual transmissions, automated manual transmissions (AMT), and semi-automated manual transmissions (SMT). The manual transmission segment is anticipated to maintain the largest share—accounting for 48.0% of the market in 2024. This dominance is primarily attributed to the superior fuel efficiency of manual transmissions, a significant factor for consumers concerned with fuel economy and reducing their carbon footprint. Regions with high fuel costs or stringent environmental regulations are likely to sustain the demand for manual transmission vehicles.

Nevertheless, the automated manual transmission segment is forecasted to experience the fastest growth, driven by its ability to combine the convenience of automatic transmissions with the control of manual systems. Industry leaders like ZF Friedrichshafen AG and Tata Motors are at the forefront of innovation in AMT technologies, further propelling the market forward. For instance, ZF's PowerLine 8-speed automatic transmission launched in the U.S. in 2024 is set to scale up production significantly, reinforcing demand across North America.

By Engine Type:

The market is bifurcated into petrol and diesel engines, with the petrol engine segment expected to hold the larger share of 56.0% in 2024. This dominance is linked to the compatibility of automated transmissions—including dual-clutch transmissions (DCTs) and continuously variable transmissions (CVTs)—with petrol engines, enhancing vehicle performance and driving dynamics. The petrol engine segment is also expected to achieve the highest growth rate, buoyed by the increasing demand for responsive and engaging driving experiences.

By Vehicle Type:

The passenger car segment is projected to lead the market, representing 47.0% of the global automotive transmission market in 2024. The strong demand for advanced transmission technologies such as CVTs, DCTs, and automatic transmissions in passenger cars is driven by a shift toward more efficient, comfortable, and high-performance vehicles. Furthermore, the sheer size of the passenger car market—both in production and sales volume—amplifies the demand for cutting-edge transmission systems.

By Sales Channel:

In 2024, the original equipment manufacturer (OEM) segment is anticipated to dominate, capturing 85.0% of the market share. OEMs are increasingly expanding their global footprint, targeting emerging markets, and tailoring their product offerings to meet regional demands. Strategic collaborations with transmission component suppliers and tech companies are enabling OEMs to integrate the latest features into vehicles while optimizing costs and accelerating time-to-market for new technologies.

Geographic Insights

Regionally, Asia-Pacific is expected to claim the largest share of the automotive transmission market—accounting for 41.0% in 2024—due to rapid urbanization, rising disposable incomes, and increasing vehicle ownership in countries like China, India, Japan, and South Korea. Growing urban congestion, along with the demand for automatic transmission systems, is further fueling market growth in this region.

Additionally, stringent regulatory mandates in the Asia-Pacific region are pushing automakers toward more fuel-efficient and environmentally friendly transmission solutions. Market players such as Aisin Corporation are actively launching innovative technologies to cater to this evolving demand. For instance, Aisin’s recent showcase at the 2023 Detroit Auto Show highlighted advancements in hybrid transmission systems and electrification technologies, which are expected to gain significant traction in the region.

Market Leaders

Key players shaping the competitive landscape of 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.)
KATE LLC (Russia)
These industry leaders are focused on technological advancements, geographic expansion, and strategic partnerships to strengthen their positions and capitalize on new growth opportunities in the evolving automotive transmission market.

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