Automotive Transmission Market Size Worth USD 120.41 Billion by 2034 | CAGR: 6.0%

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.

Key Highlights of Automotive Transmission Market Report

• Based on transmission type, the manual segment dominated the automotive transmission market with a revenue share of more than 51.5% in 2024. Many consumers prefer manual transmission vehicles owing to their affordability as compared to automatic variants.
• Based on fuel type, the gasoline segment accounted for the largest revenue share of more than 54.1% in 2024. Vehicles using gasoline offer several benefits, including improved efficiency and compliance with pollution standards.
• Asia Pacific held the largest automotive transmission market share of more than 30% in 2024. This is due to the rising demand for passenger cars and the increasing adoption of advanced technologies in the region.
• North America is anticipated to witness significant growth from 2025 to 2034, owing to the increased adoption of electrified systems and growing demand for aftermarket transmission systems.
• Aisin Seiki Co., Ltd.; BorgWarner Inc.; Continental AG; Allison Transmission, Inc.; Eaton Corporation PLC; Jatco Ltd.; Magna International, Inc.; Getrag; GKN PLC; and ZF Friedrichshafen AG are among the key players operating in the market.

Polaris Market Research has segmented the automotive transmission market report on the basis of transmission type, vehicle type, fuel type, and region:

By Transmission Type Outlook (Revenue – USD Billion, 2020–2034)

• Manual
• Automatic

By Fuel Type Outlook (Revenue – USD Billion, 2020–2034)

• Gasoline
• Diesel
• Others

By Vehicle Type Outlook (Revenue – USD Billion, 2020–2034)

• Passenger Cars
• LCVs
• HCVs

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Automotive Transmission Market Report Scope