PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617221
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1617221
Automotive Gearbox Market Forecasts to 2030 - Global Analysis By Type, Vehicle Type, Material and By Geography
According to Stratistics MRC, the Global Automotive Gearbox Market is accounted for $68.1 billion in 2024 and is expected to reach $104.6 billion by 2030 growing at a CAGR of 7.4% during the forecast period. An automotive gearbox is a vehicle's drivetrain system that transmits power from the engine to the wheels, enabling the vehicle to move at different speeds and torque levels. It functions as a set of gears and gear mechanisms that allow the driver to select the optimal gear ratio for various driving conditions. By adjusting the gear ratio, the gearbox ensures that the engine operates efficiently, balancing speed and torque to improve vehicle performance, fuel efficiency and ensuring a smooth driving experience by allowing the engine to operate within its optimal range.
Market Dynamics:
Driver:
Growing popularity of electric vehicles
The rise in electric vehicles (EVs) has led to a shift towards specialized gear systems, allowing manufacturers to introduce advanced, efficient transmission solutions. This innovation in gearbox technology has allowed manufacturers to diversify their offerings, including gear reduction systems and transmissions designed to handle the unique characteristics of electric motors, such as high torque at low speeds. This market expansion has created new opportunities for gearbox manufacturers.
Restraint:
High costs of advanced gearbox systems
Advanced gearbox systems, like dual-clutch transmissions and continuously variable transmissions, are expensive to produce due to their complex engineering and manufacturing costs increasing vehicle prices, making them less affordable for consumers and potentially reducing demand. Additionally, the high cost of these systems may limit their adoption in budget segments, as budget and mid-range vehicles may continue to rely on traditional manual or simple automatic gearboxes, creating a market disparity where only certain segments benefit from the latest gearbox technologies.
Opportunity:
Advancements in transmission technologies
Advancements in vehicle technology, such as dual-clutch transmissions, continuously variable transmissions, and advanced automatic gear systems, improve vehicle performance by smoother gear shifts, better power delivery, and enhanced acceleration. Modern transmission technologies often integrate with advanced driver assistance systems, creating an enhanced driving experience with features like adaptive cruise control and automated gear shifting propelling the market growth.
Threat:
Complex manufacturing processes
Complex manufacturing processes can lead to longer lead times for automotive gear systems, causing supply chain inefficiencies and market shortages. These gearboxes are more prone to wear and require advanced maintenance and repair procedures, potentially deterring consumers from investing in vehicles with such transmissions due to higher maintenance costs and specialized service requirements impeding the market growth.
Covid-19 Impact
The COVID-19 pandemic had a significant impact on the automotive gearbox market, leading to disruptions in supply chains, manufacturing delays, and reduced consumer demand due to economic uncertainty. Lockdowns and restrictions caused factory closures and labor shortages, slowing production and distribution. However, as economies reopened and manufacturers adapted with health protocols and digital solutions, the market began to recover, fostering innovation and new strategies for future growth.
The manual transmission segment is expected to be the largest during the forecast period
Over the estimation period, the manual transmission segment is likely to capture the largest market share because manual transmissions are highly valued in regions where driving enthusiasts prefer greater control over gear shifts, supporting a segment of the market where manual gearboxes are a desired feature. They also offer better fuel efficiency, appealing to drivers seeking optimal fuel economy, sustaining interest in manual systems, especially in fuel-saving technologies markets.
The commercial & industrial vehicles segment is expected to have the highest CAGR during the forecast period
The commercial & industrial vehicles segment is projected to have the highest CAGR in the automotive gearbox market during the extrapolated period due to their ability to handle heavy loads and demanding driving conditions. This demand is driven by the need for advanced and specialized gearbox systems. Additionally, the growth in heavy-duty transmission sales, including multi-speed transmissions, is enhancing the market for these advanced systems.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to the integration of advanced transmission technologies, such as dual-clutch and continuously variable transmissions, has improved vehicle performance and fuel efficiency in North America. As electric and hybrid vehicle production increases, the demand for specialized gear systems to handle electric motors' unique power characteristics is increasing enhancing the regions market growth.
Region with highest CAGR:
During the estimation period, the Asia Pacific region is forecasted to record the highest growth rate because Asia Pacific countries are implementing stricter emissions regulations, encouraging automakers to adopt efficient transmission technologies to reduce fuel consumption and CO2 emissions. Incentives and subsidies for electric vehicles and hybrids in countries like China, Japan, and South Korea encourage the adoption of new technologies related to powertrain and gearbox systems.
Key players in the market
Some of the key players in Automotive Gearbox market include Aisin Seiki Co., Ltd., Allison Transmission, American Axle & Manufacturing Holdings Inc., BorgWarner Inc., Eaton Corporation plc, GKN Automotive Limited, Hyundai Powertech, Jatco Ltd, Magna International Inc., Ricardo, Schaeffler, Voith Group and ZF Friedrichshafen AG.
Key Developments:
In November 2024, Schaeffler AG has agreed on structural measures with a regional focus on Germany and Europe aimed at securing a long-term increase in the company's competitiveness. The decision comes in response to the challenging market environment, the increasing intensity of global competition, and ongoing transformation.
In September 2024, Eaton announced the signing of a Memorandum of Understanding (MoU) with the Government of Tamil Nadu. This agreement marks a significant step in Eaton's expansion plans for its Crouse-Hinds and B-Line business, reinforcing the company's commitment to driving.
Types Covered:
- Manual Transmission
- Automatic Manual Transmission
- Semi-Automatic Gearbox
- Continuously Variable Transmission
- Dual-Clutch Transmission
- Other Types
Vehicle Types Covered:
- Passenger Cars
- Commercial Vehicles
- Electric & Hybrid Vehicles
- Luxury & High-Performance Vehicles
- Other Vehicle Types
Materials Covered:
- Steel
- Aluminum
- Composite
- Other Materials
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Emerging Markets
- 3.7 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Automotive Gearbox Market, By Type
- 5.1 Introduction
- 5.2 Manual Transmission
- 5.3 Automatic Manual Transmission
- 5.4 Semi-Automatic Gearbox
- 5.5 Continuously Variable Transmission
- 5.6 Dual-Clutch Transmission
- 5.7 Other Types
6 Global Automotive Gearbox Market, By Vehicle Type
- 6.1 Introduction
- 6.2 Passenger Cars
- 6.3 Commercial Vehicles
- 6.4 Electric & Hybrid Vehicles
- 6.5 Luxury & High-Performance Vehicles
- 6.6 Other Vehicle Types
7 Global Automotive Gearbox Market, By Material
- 7.1 Introduction
- 7.2 Steel
- 7.3 Aluminum
- 7.4 Composite
- 7.5 Other Materials
8 Global Automotive Gearbox Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Aisin Seiki Co., Ltd.
- 10.2 Allison Transmission
- 10.3 American Axle & Manufacturing Holdings Inc.
- 10.4 BorgWarner Inc.
- 10.5 Eaton Corporation plc
- 10.6 GKN Automotive Limited
- 10.7 Hyundai Powertech
- 10.8 Jatco Ltd
- 10.9 Magna International Inc.
- 10.10 Ricardo
- 10.11 Schaeffler
- 10.12 Voith Group
- 10.13 ZF Friedrichshafen AG
List of Tables
- Table 1 Global Automotive Gearbox Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Automotive Gearbox Market Outlook, By Type (2022-2030) ($MN)
- Table 3 Global Automotive Gearbox Market Outlook, By Manual Transmission (2022-2030) ($MN)
- Table 4 Global Automotive Gearbox Market Outlook, By Automatic Manual Transmission (2022-2030) ($MN)
- Table 5 Global Automotive Gearbox Market Outlook, By Semi-Automatic Gearbox (2022-2030) ($MN)
- Table 6 Global Automotive Gearbox Market Outlook, By Continuously Variable Transmission (2022-2030) ($MN)
- Table 7 Global Automotive Gearbox Market Outlook, By Dual-Clutch Transmission (2022-2030) ($MN)
- Table 8 Global Automotive Gearbox Market Outlook, By Other Types (2022-2030) ($MN)
- Table 9 Global Automotive Gearbox Market Outlook, By Vehicle Type (2022-2030) ($MN)
- Table 10 Global Automotive Gearbox Market Outlook, By Passenger Cars (2022-2030) ($MN)
- Table 11 Global Automotive Gearbox Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
- Table 12 Global Automotive Gearbox Market Outlook, By Electric & Hybrid Vehicles (2022-2030) ($MN)
- Table 13 Global Automotive Gearbox Market Outlook, By Luxury & High-Performance Vehicles (2022-2030) ($MN)
- Table 14 Global Automotive Gearbox Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
- Table 15 Global Automotive Gearbox Market Outlook, By Material (2022-2030) ($MN)
- Table 16 Global Automotive Gearbox Market Outlook, By Steel (2022-2030) ($MN)
- Table 17 Global Automotive Gearbox Market Outlook, By Aluminum (2022-2030) ($MN)
- Table 18 Global Automotive Gearbox Market Outlook, By Composite (2022-2030) ($MN)
- Table 19 Global Automotive Gearbox Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 20 North America Automotive Gearbox Market Outlook, By Country (2022-2030) ($MN)
- Table 21 North America Automotive Gearbox Market Outlook, By Type (2022-2030) ($MN)
- Table 22 North America Automotive Gearbox Market Outlook, By Manual Transmission (2022-2030) ($MN)
- Table 23 North America Automotive Gearbox Market Outlook, By Automatic Manual Transmission (2022-2030) ($MN)
- Table 24 North America Automotive Gearbox Market Outlook, By Semi-Automatic Gearbox (2022-2030) ($MN)
- Table 25 North America Automotive Gearbox Market Outlook, By Continuously Variable Transmission (2022-2030) ($MN)
- Table 26 North America Automotive Gearbox Market Outlook, By Dual-Clutch Transmission (2022-2030) ($MN)
- Table 27 North America Automotive Gearbox Market Outlook, By Other Types (2022-2030) ($MN)
- Table 28 North America Automotive Gearbox Market Outlook, By Vehicle Type (2022-2030) ($MN)
- Table 29 North America Automotive Gearbox Market Outlook, By Passenger Cars (2022-2030) ($MN)
- Table 30 North America Automotive Gearbox Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
- Table 31 North America Automotive Gearbox Market Outlook, By Electric & Hybrid Vehicles (2022-2030) ($MN)
- Table 32 North America Automotive Gearbox Market Outlook, By Luxury & High-Performance Vehicles (2022-2030) ($MN)
- Table 33 North America Automotive Gearbox Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
- Table 34 North America Automotive Gearbox Market Outlook, By Material (2022-2030) ($MN)
- Table 35 North America Automotive Gearbox Market Outlook, By Steel (2022-2030) ($MN)
- Table 36 North America Automotive Gearbox Market Outlook, By Aluminum (2022-2030) ($MN)
- Table 37 North America Automotive Gearbox Market Outlook, By Composite (2022-2030) ($MN)
- Table 38 North America Automotive Gearbox Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 39 Europe Automotive Gearbox Market Outlook, By Country (2022-2030) ($MN)
- Table 40 Europe Automotive Gearbox Market Outlook, By Type (2022-2030) ($MN)
- Table 41 Europe Automotive Gearbox Market Outlook, By Manual Transmission (2022-2030) ($MN)
- Table 42 Europe Automotive Gearbox Market Outlook, By Automatic Manual Transmission (2022-2030) ($MN)
- Table 43 Europe Automotive Gearbox Market Outlook, By Semi-Automatic Gearbox (2022-2030) ($MN)
- Table 44 Europe Automotive Gearbox Market Outlook, By Continuously Variable Transmission (2022-2030) ($MN)
- Table 45 Europe Automotive Gearbox Market Outlook, By Dual-Clutch Transmission (2022-2030) ($MN)
- Table 46 Europe Automotive Gearbox Market Outlook, By Other Types (2022-2030) ($MN)
- Table 47 Europe Automotive Gearbox Market Outlook, By Vehicle Type (2022-2030) ($MN)
- Table 48 Europe Automotive Gearbox Market Outlook, By Passenger Cars (2022-2030) ($MN)
- Table 49 Europe Automotive Gearbox Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
- Table 50 Europe Automotive Gearbox Market Outlook, By Electric & Hybrid Vehicles (2022-2030) ($MN)
- Table 51 Europe Automotive Gearbox Market Outlook, By Luxury & High-Performance Vehicles (2022-2030) ($MN)
- Table 52 Europe Automotive Gearbox Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
- Table 53 Europe Automotive Gearbox Market Outlook, By Material (2022-2030) ($MN)
- Table 54 Europe Automotive Gearbox Market Outlook, By Steel (2022-2030) ($MN)
- Table 55 Europe Automotive Gearbox Market Outlook, By Aluminum (2022-2030) ($MN)
- Table 56 Europe Automotive Gearbox Market Outlook, By Composite (2022-2030) ($MN)
- Table 57 Europe Automotive Gearbox Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 58 Asia Pacific Automotive Gearbox Market Outlook, By Country (2022-2030) ($MN)
- Table 59 Asia Pacific Automotive Gearbox Market Outlook, By Type (2022-2030) ($MN)
- Table 60 Asia Pacific Automotive Gearbox Market Outlook, By Manual Transmission (2022-2030) ($MN)
- Table 61 Asia Pacific Automotive Gearbox Market Outlook, By Automatic Manual Transmission (2022-2030) ($MN)
- Table 62 Asia Pacific Automotive Gearbox Market Outlook, By Semi-Automatic Gearbox (2022-2030) ($MN)
- Table 63 Asia Pacific Automotive Gearbox Market Outlook, By Continuously Variable Transmission (2022-2030) ($MN)
- Table 64 Asia Pacific Automotive Gearbox Market Outlook, By Dual-Clutch Transmission (2022-2030) ($MN)
- Table 65 Asia Pacific Automotive Gearbox Market Outlook, By Other Types (2022-2030) ($MN)
- Table 66 Asia Pacific Automotive Gearbox Market Outlook, By Vehicle Type (2022-2030) ($MN)
- Table 67 Asia Pacific Automotive Gearbox Market Outlook, By Passenger Cars (2022-2030) ($MN)
- Table 68 Asia Pacific Automotive Gearbox Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
- Table 69 Asia Pacific Automotive Gearbox Market Outlook, By Electric & Hybrid Vehicles (2022-2030) ($MN)
- Table 70 Asia Pacific Automotive Gearbox Market Outlook, By Luxury & High-Performance Vehicles (2022-2030) ($MN)
- Table 71 Asia Pacific Automotive Gearbox Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
- Table 72 Asia Pacific Automotive Gearbox Market Outlook, By Material (2022-2030) ($MN)
- Table 73 Asia Pacific Automotive Gearbox Market Outlook, By Steel (2022-2030) ($MN)
- Table 74 Asia Pacific Automotive Gearbox Market Outlook, By Aluminum (2022-2030) ($MN)
- Table 75 Asia Pacific Automotive Gearbox Market Outlook, By Composite (2022-2030) ($MN)
- Table 76 Asia Pacific Automotive Gearbox Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 77 South America Automotive Gearbox Market Outlook, By Country (2022-2030) ($MN)
- Table 78 South America Automotive Gearbox Market Outlook, By Type (2022-2030) ($MN)
- Table 79 South America Automotive Gearbox Market Outlook, By Manual Transmission (2022-2030) ($MN)
- Table 80 South America Automotive Gearbox Market Outlook, By Automatic Manual Transmission (2022-2030) ($MN)
- Table 81 South America Automotive Gearbox Market Outlook, By Semi-Automatic Gearbox (2022-2030) ($MN)
- Table 82 South America Automotive Gearbox Market Outlook, By Continuously Variable Transmission (2022-2030) ($MN)
- Table 83 South America Automotive Gearbox Market Outlook, By Dual-Clutch Transmission (2022-2030) ($MN)
- Table 84 South America Automotive Gearbox Market Outlook, By Other Types (2022-2030) ($MN)
- Table 85 South America Automotive Gearbox Market Outlook, By Vehicle Type (2022-2030) ($MN)
- Table 86 South America Automotive Gearbox Market Outlook, By Passenger Cars (2022-2030) ($MN)
- Table 87 South America Automotive Gearbox Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
- Table 88 South America Automotive Gearbox Market Outlook, By Electric & Hybrid Vehicles (2022-2030) ($MN)
- Table 89 South America Automotive Gearbox Market Outlook, By Luxury & High-Performance Vehicles (2022-2030) ($MN)
- Table 90 South America Automotive Gearbox Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
- Table 91 South America Automotive Gearbox Market Outlook, By Material (2022-2030) ($MN)
- Table 92 South America Automotive Gearbox Market Outlook, By Steel (2022-2030) ($MN)
- Table 93 South America Automotive Gearbox Market Outlook, By Aluminum (2022-2030) ($MN)
- Table 94 South America Automotive Gearbox Market Outlook, By Composite (2022-2030) ($MN)
- Table 95 South America Automotive Gearbox Market Outlook, By Other Materials (2022-2030) ($MN)
- Table 96 Middle East & Africa Automotive Gearbox Market Outlook, By Country (2022-2030) ($MN)
- Table 97 Middle East & Africa Automotive Gearbox Market Outlook, By Type (2022-2030) ($MN)
- Table 98 Middle East & Africa Automotive Gearbox Market Outlook, By Manual Transmission (2022-2030) ($MN)
- Table 99 Middle East & Africa Automotive Gearbox Market Outlook, By Automatic Manual Transmission (2022-2030) ($MN)
- Table 100 Middle East & Africa Automotive Gearbox Market Outlook, By Semi-Automatic Gearbox (2022-2030) ($MN)
- Table 101 Middle East & Africa Automotive Gearbox Market Outlook, By Continuously Variable Transmission (2022-2030) ($MN)
- Table 102 Middle East & Africa Automotive Gearbox Market Outlook, By Dual-Clutch Transmission (2022-2030) ($MN)
- Table 103 Middle East & Africa Automotive Gearbox Market Outlook, By Other Types (2022-2030) ($MN)
- Table 104 Middle East & Africa Automotive Gearbox Market Outlook, By Vehicle Type (2022-2030) ($MN)
- Table 105 Middle East & Africa Automotive Gearbox Market Outlook, By Passenger Cars (2022-2030) ($MN)
- Table 106 Middle East & Africa Automotive Gearbox Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
- Table 107 Middle East & Africa Automotive Gearbox Market Outlook, By Electric & Hybrid Vehicles (2022-2030) ($MN)
- Table 108 Middle East & Africa Automotive Gearbox Market Outlook, By Luxury & High-Performance Vehicles (2022-2030) ($MN)
- Table 109 Middle East & Africa Automotive Gearbox Market Outlook, By Other Vehicle Types (2022-2030) ($MN)
- Table 110 Middle East & Africa Automotive Gearbox Market Outlook, By Material (2022-2030) ($MN)
- Table 111 Middle East & Africa Automotive Gearbox Market Outlook, By Steel (2022-2030) ($MN)
- Table 112 Middle East & Africa Automotive Gearbox Market Outlook, By Aluminum (2022-2030) ($MN)
- Table 113 Middle East & Africa Automotive Gearbox Market Outlook, By Composite (2022-2030) ($MN)
- Table 114 Middle East & Africa Automotive Gearbox Market Outlook, By Other Materials (2022-2030) ($MN)
