Pune, India -- (SBWIRE) -- 03/30/2019 -- Our latest research report entitled Automatic Transmission Market (by transmission type (automatic transmission, automated manual transmission, dual clutch transmission (DCT), continuous variable transmission (CVT), manual transmission), vehicle type (commercial vehicle, passenger vehicle)) Global Industry Analysis, Trends, Size, Share and Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of Automatic Transmission. Latest information on market risks, industry chain structure Automatic Transmission cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Automatic Transmission growth factors.

The forecast Automatic Transmission Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Automatic Transmission on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report, the global automatic transmission market is projected to grow at a CAGR of 6.58% over the forecast period of 2018-2024.

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The transmission helps a vehicle or a machine to transfer the power from the engine to the drive shaft and the differential to let the wheels turn. The transmission changes the torque and the speed by changing the transmission ratios and enables the car to start with high torque. An automatic transmission system does not require manual shifting after switching on the gear. There are many different types of automatic transmissions, which are developed over time, including the conventional automatic transmission (AT), the automated manual transmission (AMT), dual clutch automatic transmission (DCT) and continuously variable transmission (CVT).

The basic driving factors for the automatic transmission market worldwide is the ease of use, convenience and power delivery of automatic transmission and the accuracy and effortlessness of shifting gears. The automatic transmission is far superior to the traditional manual transmission with respect to performance and efficiency. Vehicles with automatic transmission are fuel efficient as compared to the manual transmission ones. This also has helped the market to grow. Apart from this, growing demand for electric vehicles has also increased the demand for an automatic transmission as mostly electric vehicles have automatic transmission implemented in them. However, with all the benefits of an automatic transmission, its cost is a main concern for the customers. The cost of automatic transmission and ultimately the cost of the vehicle with automatic transmission are high compared to the manual transmission vehicle. It would hamper the growth of the market. The luxury vehicle market is growing which in turn would help the automatic transmission market to grow as well, as most of the luxury cars come with automatic transmission.

Region wise, Asia-Pacific has the largest market share in the global automatic transmission market. Asia-Pacific region has the highest population and has a high demand for automatic transmission passenger vehicles. Some of the Asian countries have adopted electric passenger vehicles for public transport. Growing demand for passenger vehicles, heavy vehicles, and electric vehicles have contributed to retaining the dominance of the Asia-Pacific region in the global automatic transmission market.

Market Segmentation by Transmission Type and Vehicle Type

The report on global automatic transmission market covers segments such as transmission type and vehicle type. On the basis of transmission type, the sub-markets include automatic transmission, automated manual transmission (AMT), dual clutch transmission (DCT), continuous variable transmission (CVT), and manual transmission. On the basis of vehicle type, the sub-markets include commercial vehicle and a passenger vehicle.

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Competitive Landscape

The report provides profiles of the companies in the market such as Magna International Inc., Magneti Marelli S.p.A., AISIN SEIKI Co., Ltd., JATCO Ltd, Eaton, Defeo Manufacturing, BorgWarner Inc., ZF Friedrichshafen AG, Continental AG, and Hyundai Dymos Inc.

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Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Automatic Transmission.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.