Automotive Automatic Transmission Market in APAC 2015-2019
About Automatic Transmission
Automatic transmission (also called automatic gearbox) has many benefits associated with it apart from performing the basic function of transferring an engine’s power to the wheels. The main benefit is that it is easy to use and reduces the fatigue of drivers that they get from changing the gear ratios manually. Automatic transmission systems are getting wide acceptance among consumers worldwide, especially from emerging economies as heavy traffic and crammed streets make shifting gears an undesirable job for drivers. Automatic transmission systems are very powerful and incur a low maintenance as compared to manual transmission systems.
Technavio’s analysts forecast the automatic transmission market in APAC to grow at a CAGR of 2.62% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the automatic transmission market in APAC for the period 2015-2019. The market size is calculated based on the production units of automatic transmission in APAC. The report presents five key vendors and a detailed analysis of these vendors.
Technavio’s report, Automatic Transmission Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Automotive Automatic Transmission Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Automotive Automatic Transmission Market in APAC: Aisin Seiki, BorgWarner, Delphi Automotive, Eaton, Oerlikon Graziano and ZF Friedrichshafen
Other Prominent Vendors in the market are: Allison Transmission Holdings, Continental, Daimler, Fiat Powertrain Technologies, GETRAG Getriebe- und Zahnradfabrik Hermann Hagenmeyer, Hilite International, Jatco, Magna International, NSK Global, Tremec and Valeo
Commenting on the report, an analyst from Technavio’s team said: “The importance of automotive safety systems has helped consumers to steadily reduce injury and death rates in all APAC countries. The main aim of these systems is to avoid accidents and minimize occurrence and impact of accidents. There has been huge demand for safety solutions in automobiles such as ABS, and traction control systems. The AT is also considered to be a part of safety solution systems as it prevents accidents during critical situations. AT systems are getting wide acceptance among consumers from emerging economies as heavy traffic and crammed streets make shifting gears an undesirable job for the drivers. The AT system is also easier to operate since the driver is eased from shifting between gears.”
According to the report, the economy of emerging countries such as China and India is growing at a faster pace compared to any counter developed countries. With increase in disposable income, financial flexibility, and improved purchasing power of consumers, demand for automatic transmission systems, especially in the replacement market, is also increasing rapidly. Credit availability in the form of loans (for instance, flexi loans) has made it convenient for consumers to opt for replacement of a transmission without much of a burden. In addition, with the improvement in infrastructure and increased government initiatives, to boost automotive production, OEMs have shifted their focus toward production of automotive in APAC. This region is expected to be the fastest growing segment in terms of automotive production. The new automotive developed by the OEMs, mostly the passenger cars and LCV segments, have automatic transmission already installed.
Further, the report states that high cost of automatic transmission systems is one of the major challenges in the market.
Aisin Seiki, BorgWarner, Delphi Automotive, Eaton, Oerlikon Graziano, ZF Friedrichshafen, Allison Transmission Holdings, Continental, Daimler, Fiat Powertrain Technologies, GETRAG Getriebe- und Zahnradfabrik Hermann Hagenmeyer, Hilite International, Jatco, Magna International, NSK Global, Tremec, Valeo