Market Overview:
The global light vehicle transmissions market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for automatic transmissions across the globe. Based on type, the global light vehicle transmissions market has been segmented into manual transmission (MT), automatic transmission (AT), automated manual transmission (AMT), continuously variable transmission (CVT) and dual clutch transmission (DCT). Among these, AT held a dominant share in 2017 and is expected to maintain its lead throughout the forecast period. This can be attributed to its growing popularity among consumers owing to its fuel efficiency and performance benefits over MTs. CVTs are also witnessing high adoption rates due to their ability to offer seamless gear shifts without any jerks or lags, making them ideal for passenger cars as well as light commercial vehicles. On the basis of application, passenger cars accounted for a larger share of the global light vehicle transmissions market in 2017; however, LCVs are anticipated register higher CAGR during 2018-2030 owingto their rising popularity among fleet operators aroundthe world.
Product Definition:
A light vehicle transmission is a system used to transfer power from an engine to the wheels of a motor vehicle. It is typically located between the engine and the driveshaft. The purpose of a light vehicle transmission is to change the rotational speed and torque of the engine into linear motion that can be delivered to the wheels.
MT:
MT (Manual Transmission) is a gear-less driving system which has no clutch pedal and hence it does not require any type of fuel supply to the engine. It is primarily used in cars, trucks, motorcycles and bicycles. MT can be operated both in forward as well as reverse gear. In some cases, a “clutch” button or “ brake” may be present on the steering wheel or handlebar of the vehicle for controlling transmission flow.
AT:
The AT (Automatic Transmission) is a mechanical device that allows changing gear ratio in automobiles. It’s an internal combustion engine driven system used to transmit power from the drive train to the wheels. The most common types of AT are manual and automatic.
Application Insights:
Passenger car applications accounted for the largest revenue share of over 60.0% in 2017 and are projected to witness significant growth over the forecast period. The rising purchasing power of consumers, coupled with low interest rates has facilitated the purchase of passenger cars, thereby supporting segment growth.
The light commercial vehicle (LCV) application segment is expected to register a CAGR exceeding 4% from 2018 to 2030 owing to increasing demand for medium-duty trucks from industries along with stringent government regulations regarding fuel consumption and emission levels in developed economies such as U.S., Germany etc.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization, coupled with increasing disposable income in emerging economies such as China and India. Furthermore, supportive government regulations aimed at promoting fuel efficiency are anticipated to drive the market growth in this region. Europe is also estimated to witness considerable growth over the forecast period due high consumer awareness regarding vehicle maintenance costs along with changing environmental norms governing vehicular emissions across various countries of this region. Latin America has been witnessing strong economic growth since past few years on account of rising investments by multinational companies in expanding their business operations within this regional light vehicle transmissions market space; hence resulting into higher demand for commercial vehicles equipped with advanced technology features including automatic transmission systems for improved performance and fuel economy.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global light vehicle transmissions market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for fuel-efficient vehicles. This is mainly due to the rising prices of fuel and environmental concerns.
- Growing automotive industry: The growth of the automotive industry is one of the key factors driving the growth of the light vehicle transmissions market across the globe. The increasing demand for passenger cars and commercial vehicles is expected to boost this market in coming years.
- Technological advancements: With technological advancements, new transmission technologies are being developed which are more efficient and offer better performance than traditional ones, thereby propellingthe growthof thismarketin future years .Someofthekeytechnologies that will drive this market include continuously variable transmissions (CVTs) and dual clutch transmissions (DCTs). CVTs accounted for a major share in 2016andareexpectedtogrowatacagrof6%duringtheforecastperiod .Thisisthusexpectedtobethefastestgrowingtransmissiontechnologyinthelightvehicletransmissionsmarketduringtheforecastperiod .DCTsisalsopredictedtocontinuetoreachasteadygrowthrateof7%.4
- . Rising disposable income: A rise in disposable income leads to an increase in purchasing power, which results in an increase in sales of luxury cars and SUVs equipped with advanced transmission
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Transmissions Market Research Report
By Type
MT, AT, AMT, CVT, DCT
By Application
Passenger Car, Light Commercial Vehicle
By Companies
AISIN, ZF, Jatco, Getrag, Volkswagen, Honda, MOBIS, Magna, SAIC, GM, Chongqing Tsingshan, Allison Transmission, Continental, Zhejiang Wanliyang, Borgwarner, Eaton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Transmissions Market Report Segments:
The global Light Vehicle Transmissions market is segmented on the basis of:
Types
MT, AT, AMT, CVT, DCT
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Light Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AISIN
- ZF
- Jatco
- Getrag
- Volkswagen
- Honda
- MOBIS
- Magna
- SAIC
- GM
- Chongqing Tsingshan
- Allison Transmission
- Continental
- Zhejiang Wanliyang
- Borgwarner
- Eaton
Highlights of The Light Vehicle Transmissions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- MT
- AT
- AMT
- CVT
- DCT
- By Application:
- Passenger Car
- Light Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Vehicle Transmissions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Light vehicle transmissions are those that use a smaller gear ratio than regular transmissions. This allows them to be more responsive and easier to drive, making them perfect for vehicles that are used for sports or recreation.
Some of the key players operating in the light vehicle transmissions market are AISIN, ZF, Jatco, Getrag, Volkswagen, Honda, MOBIS, Magna, SAIC, GM, Chongqing Tsingshan, Allison Transmission, Continental, Zhejiang Wanliyang, Borgwarner, Eaton.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle Transmissions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Vehicle Transmissions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle Transmissions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Vehicle Transmissions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Vehicle Transmissions Market Size & Forecast, 2020-2028
4.5.1 Light Vehicle Transmissions Market Size and Y-o-Y Growth
4.5.2 Light Vehicle Transmissions Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 MT
5.2.2 AT
5.2.3 AMT
5.2.4 CVT
5.2.5 DCT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Light Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Vehicle Transmissions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Vehicle Transmissions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 MT
9.6.2 AT
9.6.3 AMT
9.6.4 CVT
9.6.5 DCT
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Light Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 MT
10.6.2 AT
10.6.3 AMT
10.6.4 CVT
10.6.5 DCT
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Light Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 MT
11.6.2 AT
11.6.3 AMT
11.6.4 CVT
11.6.5 DCT
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Light Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 MT
12.6.2 AT
12.6.3 AMT
12.6.4 CVT
12.6.5 DCT
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Light Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 MT
13.6.2 AT
13.6.3 AMT
13.6.4 CVT
13.6.5 DCT
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Light Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Vehicle Transmissions Market: Competitive Dashboard
14.2 Global Light Vehicle Transmissions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AISIN
14.3.2 ZF
14.3.3 Jatco
14.3.4 Getrag
14.3.5 Volkswagen
14.3.6 Honda
14.3.7 MOBIS
14.3.8 Magna
14.3.9 SAIC
14.3.10 GM
14.3.11 Chongqing Tsingshan
14.3.12 Allison Transmission
14.3.13 Continental
14.3.14 Zhejiang Wanliyang
14.3.15 Borgwarner
14.3.16 Eaton
