DUBLIN--(BUSINESS WIRE)--The "Automotive Gearbox Market by Application, Number of Gears, Electric Vehicle Type, Off-Highway vehicle, Vehicle Type, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global automotive gearbox market is estimated to be USD 103.55 billion in 2018 and is projected to reach USD 138.52 billion by 2025, growing at a CAGR of 4.24% from 2018 to 2025.
he market growth is primarily driven by the increase in consumer preference for enhanced driving experience and smooth gear shifting. However, the increasing demand for battery electric vehicles is considered as a restraint for the automotive gearbox market as it will eliminate the need for automotive gearbox.
The automotive gearbox market for automatic transmission is estimated to grow at the highest rate, in terms of value, during the forecast period. The growing demand for comfort and convenient driving has led to the adoption of automatic transmission systems in Asia Pacific and RoW region, which is driving the automatic transmission
By vehicle type, the passenger cars segment is estimated to hold the largest market share of the automotive gearbox market. The rise in production of passenger cars globally, high demand for premium vehicles and SUVs, and high performance expectation from personal vehicles are driving the passenger car segment.
Moreover, the global demand for passenger cars is larger than that for commercial vehicles, and it is expected to grow further in the future. Additionally, factors such as the sizeable number of luxury light-duty vehicles in Europe and North America and the increasing demand for these vehicles in the Asia Pacific region are increasing the demand for automotive gearbox.
Some of the key players in the automotive gearbox market are ZF Friedrichshafen (Germany), Aisin Seiki (Japan), Magna (Getrag) (Canada), Schaeffler (Germany), and BorgWarner (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Gearbox Market, By Application
7 Automotive Gearbox Market, By Number of Gear
8 Automotive Gearbox Market, By Vehicle Type
9 Automotive Gearbox Market, By Electric Vehicle
10 Automotive Gearbox Market, By Off-Highway Vehicle Type
11 Automotive Gearbox Market, By Region
12 Competitive Mapping
13 Company Profiles
- Aichi Machine Industry
- Aisin Seiki
- Allison Transmission
- Fuji Machinery Co. Ltd.
- Hyundai Dymos
- Magna (Getrag)
- Magneti Marelli
- Oerlikon Graziano
- Punch Powertrain
- ZF Friedrichshafen
For more information about this report visit https://www.researchandmarkets.com/research/4trzmm/global_automotive?w=4