The global automotive transmission market size is expected to reach USD 120.41 billion by 2034, according to a new study by Polaris Market Research. The report “Automotive Transmission Market Size, Share, Trends, Industry Analysis Report: By Transmission Type (Manual and Automatic), Fuel Type, Vehicle Type, and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Automotive transmission, a key component of automobiles, transmits the power generated by the engine to the wheels. It enables the driver to apply power to the automobile in a controlled manner for efficient movement. Manual transmission and automatic transmission are the two main automotive transmission system types.
The automotive transmission market growth is primarily fueled by the rising number of commercial and passenger vehicles and the growing automotive industry worldwide. Besides, advances in technology and the evolution of transmission systems based on the performance requirements of different automobile types support the market expansion.
Vehicle owners are increasingly inclined toward a more comfortable and improved driving experience, which is driving the demand for advanced transmission systems. The introduction of stringent government regulations for carbon emission reduction has prompted market participants to develop effective and more efficient system frameworks. Emerging market opportunities, shifting consumer preferences towards autonomous vehicles, and stringent government guidelines on reducing CO2 emissions are expected to drive the need for efficient and improved transmission systems.
Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/automotive-transmission-market/request-for-sample
Key players in the automotive transmission market are focusing on offering technologically advanced and innovative products to enhance their product offerings. Also, these companies are pursuing strategic activities such as mergers and acquisitions, collaborations, and partnerships to expand their reach in the market.
By Transmission Type Outlook (Revenue – USD Billion, 2020–2034)
By Fuel Type Outlook (Revenue – USD Billion, 2020–2034)
By Vehicle Type Outlook (Revenue – USD Billion, 2020–2034)
By Regional Outlook (Revenue – USD Billion, 2020–2034)
Report Attributes |
Details |
Market Size Value in 2024 |
USD 67.24 billion |
Market Size Value in 2025 |
USD 71.21 billion |
Revenue Forecast by 2034 |
USD 120.41 billion |
CAGR |
6.0% from 2025 to 2034 |
Base Year |
2020 |
Historical Data |
2020–2023 |
Forecast Period |
2025–2034 |
Quantitative Units |
Revenue in USD billion and CAGR from 2025 to 2034 |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
|
Regional Scope |
|
Competitive Landscape |
|
Report Format |
|
Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |