PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1664911
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1664911
Automatic Transmission Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Automatic Transmission Market was valued at USD 36.4 billion in 2024 and is forecasted to grow at a robust CAGR of 5.9% between 2025 and 2034. This growth is fueled by increasing consumer demand for convenience, fuel efficiency, and superior driving comfort. Stricter emissions regulations are driving automakers to adopt advanced transmission technologies that enhance fuel economy and meet stringent standards. Additionally, the rising adoption of hybrid and electric vehicles is spurring innovation in specialized transmission systems designed to optimize performance and efficiency.
The booming logistics and construction industries are significantly boosting the demand for automatic transmissions in commercial vehicles. These systems improve performance, reduce driver fatigue, and enhance fuel efficiency, making them indispensable for heavy-duty applications. Fleet operators are increasingly turning to advanced transmission technologies to meet operational efficiency goals and comply with stringent emissions norms.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $36.4 Billion |
| Forecast Value | $64.1 Billion |
| CAGR | 5.9% |
The market is segmented into automatic transmission, continuously variable transmission (CVT), dual-clutch transmission (DCT), and automated manual transmission (AMT). In 2024, the automatic transmission segment held a dominant 46% market share and is projected to generate USD 28 billion by 2034. This segment's growth is attributed to its reliability, seamless shifting capabilities, and comfort-especially favored in passenger vehicles. Leading manufacturers are innovating with systems that feature multiple gears and enhanced efficiency, catering to consumer preferences for high performance and lower emissions.
By sales channel, the market is divided into passenger cars and commercial vehicles. Passenger cars accounted for an impressive 67% market share in 2024, driven by growing consumer preferences for smoother handling, greater driving comfort, and improved fuel economy. The rapid rise in hybrid and electric vehicle adoption further accelerates this trend, with these vehicles increasingly utilizing dual-clutch and continuously variable transmissions to achieve optimal performance and reduced emissions.
In 2024, the Asia Pacific automatic transmission market contributed a substantial 38% market share and is projected to reach USD 25 billion by 2034. The region's rapid urbanization, expanding middle class, and rising disposable incomes are driving higher demand for vehicles equipped with automatic transmissions. Consumers prioritize fuel efficiency and comfort, particularly in passenger vehicles, leading to accelerated adoption. Furthermore, the growing market for electric and hybrid vehicles in the region underscores the demand for advanced transmission technologies.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definition
Chapter 2 Executive Summary
- 2.1 Industry 3600 synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw Material suppliers
- 3.2.2 Component suppliers
- 3.2.3 Manufacturers
- 3.2.4 OEM
- 3.2.5 Distribution and aftermarket suppliers
- 3.2.6 End-Users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Cost breakdown analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Technology differentiators
- 3.8.1 Fuel efficiency
- 3.8.2 Shift speed and driving experience
- 3.8.3 Cost-effectiveness
- 3.8.4 Durability and maintenance
- 3.9 Impact forces
- 3.9.1 Growth drivers
- 3.9.1.1 Increasing demand for fuel efficiency and comfort
- 3.9.1.2 Rising adoption of hybrid and electric vehicles
- 3.9.1.3 Technological advancements in gear systems
- 3.9.1.4 Consumer preference for automatic over manual transmissions in urban environments
- 3.9.2 Industry pitfalls & challenges
- 3.9.2.1 High cost of advanced automatic transmissions
- 3.9.2.2 Complexity in maintenance and repair
- 3.9.1 Growth drivers
- 3.10 Growth potential analysis
- 3.11 Porter’s analysis
- 3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Transmission, 2021 - 2034 ($Bn, Units)
- 5.1 Key trends
- 5.2 Automatic transmission (AT)
- 5.3 Continuously variable transmission (CVT)
- 5.4 Dual-clutch transmission (DCT)
- 5.5 Automated manual transmission (AMT)
Chapter 6 Market Estimates & Forecast, By Fuel, 2021 - 2034 ($Bn, Units)
- 6.1 Key trends
- 6.2 Gasoline
- 6.3 Diesel
- 6.4 Hybrid
Chapter 7 Market Estimates & Forecast, By Sales Channel, 2021 - 2034 ($Bn, Units)
- 7.1 Key trends
- 7.2 OEM
- 7.3 Aftermarket
Chapter 8 Market Estimates & Forecast, By Vehicle, 2021 - 2034 ($Bn, Units)
- 8.1 Key trends
- 8.2 Passenger cars
- 8.2.1 Hatchback
- 8.2.2 Sedan
- 8.2.3 SUV
- 8.3 Commercial vehicles
- 8.3.1 LCV
- 8.3.2 HCV
Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
Chapter 10 Company Profiles
- 10.1 Aisin Seiki
- 10.2 Allison Transmission
- 10.3 BorgWarner
- 10.4 Continental
- 10.5 Eaton
- 10.6 Ford Motor Company
- 10.7 General Motors
- 10.8 Getrag
- 10.9 Honda Motor
- 10.10 Hyundai Transys
- 10.11 Jatco
- 10.12 Magna International
- 10.13 PSA Group
- 10.14 Ricardo
- 10.15 Schaeffler
- 10.16 Tremec
- 10.17 Valeo
- 10.18 Voith
- 10.19 Volkswagen
- 10.20 ZF Friedrichshafen
