The gearbox uses integrated gears with a specific arrangement to transmit the power in an automobile. It is often placed between the clutch and the propeller shaft. The automotive gearbox reduces driver fatigue by eliminating the need for repeatedly using clutch shifting gears. Manufacturers are working towards developing advanced transmission systems for vehicles to increase market share during the forecast period.
MARKET SCOPE
The "Global Automotive gearbox Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive gearbox market with detailed market segmentation by type, vehicle type, and geography. The report provides key statistics on the market status of the leading automotive gearbox market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global automotive gearbox market is segmented into manual transmission, automated manual transmission, dual clutch transmission and torque converter.
- On the basis of vehicle type, the market is segmented into passenger cars, light commercial vehicle and heavy commercial vehicle.
MARKET DYNAMICS
Drivers:
- The robust growth of the automotive gearbox market during the forecast period is attributed to increasing consumer preference for smooth gear shifting and enhanced driving experience.
- The demand for automatic transmissions and automated manual transmissions would create lucrative growth opportunities for the players of the automotive gearbox market in the future.
Restraints:
- The market is likely to be negatively influenced by the demand for electric vehicles, which would eliminate the need for automotive gearboxes.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive gearbox market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive gearbox market in these regions.
IMPACT OF COVID-19ON AUTOMOTIVE GEARBOX MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive gearbox market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive gearbox market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive gearbox in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive gearbox market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aisin Seiki Co Ltd
- Allison Transmission Inc.
- Continental AG
- Eaton Corporation
- Magneti Marelli S.p.A.
- Magna International Inc.
- Nissan Motor Co Ltd
- PUNCH POWERTRAIN NV
- Schaeffler AG
- ZF Friedrichshafen AG