Automotive Transmission Market Competitive Analysis and Industrial Outlook | Growth Analysis and Report
Global Automotive Transmission Market Size: Automotive Transmission Market size is estimated to reach over USD 115.43 Billion by 2030 from a value of USD 72.98 Billion in 2022, growing at a CAGR of 6.2% from 2023 to 2030. Automotive Transmission Market Analysis Overview: The automotive transmission market is a critical component of the automotive industry, encompassing the design, development, and manufacturing of systems that transfer power from the engine to the wheels. This market is undergoing significant transformation due to evolving vehicle technologies, stringent emission regulations, and shifting consumer preferences. Key transmission types include manual transmissions (MT), automatic transmissions (AT), continuously variable transmissions (CVT), and dual-clutch transmissions (DCT). Automotive transmission is a mechanical or hydraulic system in a vehicle that transfers power from the engine to the wheels, allowing the driver to control the speed and direc...