Potential Impact of COVID-19 on Automotive Automatic Transmission Market

Automotive Automatic Transmission Market: Outlook

Technological advancements have brought great prospects for the automotive automatic transmission market over a brief period and is projected to continue across the forecast period of 2020-2030. The convenience and comfort offered by automotive automatic transmission bring tremendous growth prospects.

The growing traffic concerns demand continuous gear-changing process across the journey in a manual transmission vehicle. This aspect is both inconvenient for the user and not good for car maintenance. Automotive automatic transmission systems eliminate these problems, thus bringing extensive growth opportunities for the automotive automatic transmission market.

This report provides an out-and-out detailed analysis of the aspects that bring tremendous growth prospects for the automotive automatic transmission market. The report concisely focuses on various growth parameters such as competitive scenario, emerging trends, geographical analysis, etc. The study helps the stakeholders to understand the various growth aspects of the automotive automatic transmission market conscientiously. The report also brings extensive information about the COVID-19 impact on the automotive automatic transmission market.

Automotive automatic transmission market: Competitive insights

A substantial chunk of key players dominate the automotive automatic transmission market. The manufacturers in the automotive automatic transmission market invest heavily in research and development activities for discovering novel techniques and mechanisms that offer cost-effective and superior quality products to the end-user.

In addition, the manufacturers in the automotive automatic transmission market are also involved in customizing the systems in tandem with the emission norms set by various countries around the world. Some well-entrenched players in the automotive automatic transmission market are Eaton Corporation PLC, ZF Friedrichshafen AG, Aisin Seiki Co Ltd., Magna International Inc., and Continental AG.

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Automotive Automatic Transmission Market: Product Type-Related Recent Developments

The automotive automatic transmission market can be segmented into Automatic Manual Transmission (AMT), Dual Clutch Transmission (DCT), Automatic Transmission (AT), and Continuously Variable Transmission (CVT). Some recent developments have the potential of bringing great growth opportunities for the automotive automatic transmission market. Here are major developments across the varied product types.

Dual Clutch Transmission (DCT): This type is a blend of automatic and manual gearbox system. Hyundai recently announced its plans of including N eight-speed wet dual-clutch transmission (N DCT) in its 2021 Veloster N model. The N DCT system has electronic actuators that provide ride comfort and fuel efficiency.

Automatic Manual Transmission (AMT): The AMT system is a semi-autonomous transmission system that uses processors, pneumatics, actuators, and sensors for simulating manual gear use. AMT systems are being used in mid-range vehicles and this segment caters to a large populace. Therefore, this aspect will eventually bring a rise in the demand for AMT systems. The Renault Kwid AMT is being labeled as the cheapest automatic car in India as it is equipped with a five-speed Easy-R AMT gearbox.

Continuously Variable Transmission (CVT): This technology uses pulleys and belts instead of traditional steel gears. Honda Cars have begun pre-launch bookings of the New Jazz in India. It will be available in both manual and continuously variable transmission (CVT).

Automatic Transmission (AT): The traditional automatic transmission system is also gaining considerable momentum through demand from various automobile manufacturers. ZF Friedrichshafen has recently launched the ZF EcoLife transmission technology that helps in improving fuel efficiency.

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Automotive Automatic Transmission Market: Geographical Dimensions

The automotive automatic transmission market is spread across North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Asia Pacific may bring considerable growth prospects for the automotive automatic transmission market during the forecast period of 2020-2030. The increasing sales of automatic transmission vehicles are bringing extensive growth opportunities for the automotive automatic transmission market.

India may have a lion’s share in growth contribution. Low-cost automatic transmission variables available for sale are bringing immense growth prospects for the automotive automatic transmission market. The COVID-19 situation is leading many individuals to switch from public transport to private vehicles. This aspect may bring tremendous growth opportunities for the automotive automatic transmission market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements: