Automotive Transmission Market Projected to Reach $95.12 Billion by 2030 Amidst Technological Advancements and Strategic Collaborations

The Automotive Transmission Market is anticipated to expand significantly, with projections indicating growth from $59.92 billion in 2023 to $95.12 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 6.87% during the forecast period.

Competitive Landscape

The automotive transmission market is characterized by strategic mergers and acquisitions aimed at bolstering product portfolios and market presence:

  • Cummins Inc. (US): Acquired Meritor, a prominent supplier of drivetrain, mobility, braking, and aftermarket solutions for commercial vehicle and industrial markets, for $3.7 billion in August 2022.

  • BorgWarner Inc. (US): Expanded its electric vehicle capabilities by acquiring Delphi Technologies in 2020 and German-based battery manufacturer Akasol in 2021.

Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/35517/ 

Regional Insights and Developments

United States: Growth Opportunities through Strategic Acquisitions

The U.S. automotive transmission market is experiencing growth driven by strategic mergers and acquisitions. For instance, American Axle & Manufacturing agreed to acquire British car parts maker Dowlais for £1.2 billion in January 2025, aiming to support adaptation to the electric vehicle market.

Recent Mergers and Acquisitions

The automotive transmission industry has witnessed several strategic mergers and acquisitions aimed at enhancing product portfolios and expanding market reach:

  • Cummins Inc. acquired Meritor for $3.7 billion to strengthen its drivetrain and mobility solutions.

  • American Axle & Manufacturing's acquisition of Dowlais for £1.2 billion to support adaptation to the electric vehicle market.

  • BorgWarner Inc.'s acquisition of Drivetek AG to enhance its electric vehicle services.

Explore detailed data and insights by viewing the sample @https://www.maximizemarketresearch.com/request-sample/35517/ 

Market Segmentation: In-Depth Analysis:

by Transmission Type

Automatic Transmission
Manual Transmission
Automated Manual Transmission
Continuously variable transmission
Dual Clutch Transmission

With the largest compound annual growth rate (CAGR) for the forecast period, the Automatic Transmission sector is leading the market. The requirement for fuel-efficient transmission systems and the removal of the driver's behavioral influence on the vehicle (ATs) are driving the need for automated manual transmissions (AMTs) and automatic transmissions. As automated driving systems progressively replace mechanical ones, advanced transmission technologies have a big chance to grow their market share. Automatic transmission systems use a fluid connection system between the clutch and engine. Like a manual transmission system, it makes use of the same gearbox.

by Number Of Forwarding Gears

Less Than 5
5-6
7-8
9-10
Above 10
CVT

by Vehicle Type

PCs
LCVs
Trucks
Buses

With the largest CAGR during the forecast period, the passenger car category is leading the market. The fluctuating price of gasoline and the condition of the transportation infrastructure have an impact on the demand for passenger cars. Furthermore, the evolution of transmission technology in the passenger car market—from 4-speed automatic transmissions to 8-speed and 9-speed automatic transmissions—has improved the overall comfort, enjoyment of driving, and fuel efficiency of these vehicles, all of which have contributed to the sector's growth.

by Hybrid Vehicle

PHEV
HEV

by Fuel Type

Diesel
Gasoline

Throughout the projected period, the gasoline category is leading the market with the highest compound annual growth rate. Gasoline automobiles largely meet all emission regulations. They are more efficient and emit less gas than their diesel counterparts. Compared to their diesel equivalents, gas engines are more organized and emit less gas. The division is anticipated to expand over the forecast period because to the growing demand for gasoline in nations such as the United States, China, and India.

by Two-Wheeler Transmission Type

Manual
Automatic

Unlock critical market insights by exploring the sample via the link @https://www.maximizemarketresearch.com/request-sample/35517/  

Learn about the top players driving innovation in the Market :

1. ZF Friedrichshafen AG
2. Continental AG
3. Allison Transmission
4. Magana International Inc.
5. Eaton Corporation
6. Borg Warner
7. Aisin Seiki
8. JATCO
9. Schaeffler AG
10. Hyundai Dymos
11. Bonfiglioli RIDUTTORI S.P.A.
12. Magneti Marelli S.P.A.
13. Aichi Machine Industry Co. Ltd
14. Vitesco Technologies
15. GKN Automotive

Check out our trending studies to understand industry shifts :

Brick Making Machines Market https://www.maximizemarketresearch.com/market-report/brick-making-machines-market/188371/

Global Broadcast Equipment Market https://www.maximizemarketresearch.com/market-report/global-broadcast-equipment-market/24845/ 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Bangalore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 9607195908, +91 9607365656