RISING DEMAND FOR COMFORT AND ENHANCED DRIVING EXPERIENCE TO BOOST THE AUTOMOTIVE GEARBOX MARKET

  • According to the new market research report “Automotive Gearbox Market by Type (Manual Gearbox and Automotive Gearbox), by Number of Gear (3–5 Gears, 6–8 Gears, and Above 8 Gears), by Application (Automatic Transmission, Manual Transmission, Dual Clutch Transmission, and Automated Manual Transmission), by Vehicle Type (Two Wheelers, Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle ), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2019 to 2027)”, the automotive gearbox market is estimated to reach around USD 155.1 Billion by 2027 at a CAGR of around 4.39% during the review period.
  • Rising demand for comfort and enhanced driving experience is a key factor driving the demand for the automotive gearbox market.
  • However, the growing demand for electric vehicles remain a major restraining factor for the market growth.
  • Increase in automobile production in developing nations and economic growth has increased the demand for automotive gearbox market
  • Automatic gearbox makes the driving experience much comfortable and simpler for the driver as it eliminates the need for changing the gears manually which results in smooth driving
  • Technological advancement for increasing operational efficiency is anticipated to boost the automotive gearbox market in the future
  • Adoption of continuous variable transmission (CVT) is likely to act as a challenge for market growth
  • Asia-Pacific
  • Europe
  • ZF Friedrichshafen AG:
  • Eaton:

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DataBridge Market Research

DataBridge Market Research

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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach