Global Automotive Transmission Housing Market 2019-2023
About this market
Magnesium alloy transmission housings to gain traction in the market. The vendors operating in the global automotive transmission housing market are using innovative materials in the manufacturing of transmission housing. The designers and manufacturers of automotive transmission housing have begun using magnesium for manufacturing. Technavio’s analysts have predicted that the automotive transmission housing market will register a CAGR of almost 4% by 2023.
Increasing use of efficient transmission housing designs
The global automotive market is witnessing the integration of advanced manufacturing processes and techniques, which is leading to efficient system designs.
Expensive automotive transmission system repairs
The transmission system found in modern cars are more complex in design, than those found in traditional cars, and are developed using the advanced algorithm. Thus, this complexity affects the market growth.
For the detailed list of factors that will drive and challenge the growth of the automotive transmission housing market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Magna International and ZF Friedrichshafen the competitive environment is quite intense. Factors such as the magnesium alloy transmission housings and the increasing use of efficient transmission housing designs, will provide considerable growth opportunities to automotive transmission housing manufactures. AISIN SEIKI, American Axle & Manufacturing, CIE Automotive, Eaton, Magna International, and ZF Friedrichshafen are some of the major companies covered in this report.
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