Global Automotive Gearbox Market Size Study & Forecast, By Vehicle Type (Passenger vehicles, Commercial Vehicles, Heavy Construction Machinery), By Transmission (Manual Transmission, Automatic Transmission), and Regional Analysis, 2023-2030

Global Automotive Gearbox Market Size Study & Forecast, By Vehicle Type (Passenger vehicles, Commercial Vehicles, Heavy Construction Machinery), By Transmission (Manual Transmission, Automatic Transmission), and Regional Analysis, 2023-2030

Global Automotive Gearbox Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. An automotive gearbox is a key component in vehicles that adjusts the engine's power output to match driving conditions. It ensures the engine operates efficiently by providing varying torque and speed to the wheels. Gearboxes offer specific benefits in terms of performance, fuel efficiency, and driving experience. Modern gearboxes often incorporate electronic controls for smoother gear shifts and optimized power delivery, enhancing overall vehicle performance and driver convenience. The Automotive Gearbox Market is expanding because of factors such as the rising inclination towards enhanced driving experience and smooth gear shifting, the rise in adoption of Advanced Driver Assistance Systems (ADAS), and strict government emission regulations to combat climate change.

In addition, the increasing global demand for vehicles, especially in popular segments like passenger cars, SUVs, and light trucks, is driving a rise in the adoption of gearboxes. This trend reflects the growing market for automotive transmissions as more people seek vehicles in these popular categories. According to data from the International Organization of Motor Vehicle Manufacturers, the global production of commercial vehicles reached around 21.78 million units in 2020, and passenger cars accounted for approximately 55.83 million units. In 2021, these figures increased to about 23.09 million units for commercial vehicles and 57.05 million units for passenger cars on a global scale. Hence, the increasing vehicle production is propelling the growth of the Automotive Gearbox Market during the estimated period. Moreover, the growing need for lightweight gearbox materials and designs, as well as the rise in developments in gearbox technology present various lucrative opportunities over the forecast years. However, the competition from alternative technologies and the high popularity of battery electric vehicles are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Automotive Gearbox Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the soaring demand for passenger cars, the imposition of stringent emission regulations, along the rising shift towards automated and semi-automated transmissions. Whereas North America is expected to grow at a significant CAGR over the forecast years. The growth of the automotive industry, rising focus on vehicle performance, as well as ongoing advancements in gearbox technology, are significantly propelling the market demand across the region.

Major market players included in this report are:
Magna International (Canada)
Continental AG (Germany)
ZF Friedrichshafen AG (Germany)
BorgWarner Inc. (U.S.)
Allison transmission Inc. (U.S.)
Aisin Seiki Co. Ltd (Japan)
Eaton Corporation (Ireland)
Jatco Ltd. (Japan) (a major supplier to Nissan)
American Axle & Manufacturing Holdings Inc. (US)
GKN Automotive (UK)

Recent Developments in the Market:
 In 2021, ZF Friedrichshafen AG revealed its collaboration with Mercedes-Benz, providing an eight-speed automatic transmission for the new S-Class model. This transmission delivers enhanced fuel efficiency and lower CO2 emissions. The collaboration between ZF Friedrichshafen AG and Mercedes-Benz to deliver an advanced automatic transmission with improved fuel efficiency and lower emissions is poised to have a positive impact on the Automotive Gearbox Market
 In 2021, BorgWarner joined forces with Chinese automaker Great Wall Motors to supply advanced dual-clutch transmission (DCT) technology. BorgWarner's partnership with Great Wall Motors to supply advanced dual-clutch transmission technology is expected to have a positive impact on the Automotive Gearbox Market by driving technological innovation, market expansion, competitive advantage, and customer relationships.

Global Automotive Gearbox Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Vehicle Type, Transmission, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Vehicle Type:
Passenger vehicles
Commercial Vehicles
Heavy Construction Machinery

By Transmission:
Manual Transmission
Automatic Transmission

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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