Trends in Automotive Gearbox Market to 2025 - Worth US$ 138.52 Billion Growing at 4.24% CAGR

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Europe is estimated to be largest market for automotive gearbox, in terms of value. Asia Pacific region is estimated to be most promising market for automotive gearbox in next five years due to strong growth in passenger car sales year on year.

The automotive gearbox market is projected to grow at a CAGR of 4.24% from 2018 to 2025. The market for automotive gearbox is estimated to be USD 103.55 Billion in 2018 and is projected to reach USD 138.52 Billion by 2025. The increasing preference for enhanced driving experience and smooth gear shifting is driving the growth of the automotive gearbox market.

Click Now for More Information on Automotive Gearbox Market with 98 Market Data Tables & 40 Figures spread through 148 Pages and In-depth available at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1555866 .

The automotive gearbox market for automatic transmission is estimated to grow at the highest rate, in terms of value, during the forecast period. The growing demand for comfort and convenient driving has led to the adoption of automatic transmission systems in Asia Pacific and RoW region, which is driving the automatic transmission

Target Audience
• Automotive gearbox manufacturers
• Automotive component manufacturers
• Automotive powertrain manufacturers
• Transmission components manufacturers
• E-drive system manufacturers
• Industry associations and experts
• Raw material suppliers for automotive gearbox manufacturers

Asia Pacific is estimated to be the largest market for automotive gearbox during the forecast period. The region is home to emerging economies such as China and India as well as developed countries such as Japan. The growing purchasing power of consumers has triggered the demand for automobiles in the region. The growing number of luxury vehicles and the increasing demand for commercial and off-highway vehicles are propelling the growth of automotive gearbox market in the region.

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The automotive gearbox market rise in production of passenger cars globally, high demand for premium vehicles and SUVs, and high performance expectation from personal vehicles are driving the passenger car segment. Moreover, the global demand for passenger cars is larger than that for commercial vehicles, and it is expected to grow further in the future.

Premium Insights
1 Attractive Opportunities in the Automotive Gearbox Market
2 Automotive Gearbox Market, By Region
3 Automotive Gearbox Market, By Application
4 Automotive Gearbox Market, By Number of Gear
5 Automotive Gearbox Market, By Vehicle Type
6 Automotive Gearbox Market, By Off-Highway Vehicle Type
7 Automotive Gearbox Market, By Electric Vehicle Type

The report covers the automotive gearbox market by application (Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission, Manual), Number of Gears (3–5,6–8, above 8), Electric Vehicle Type (HEVs & PHEVs), Off-Highway vehicle (Agricultural Tractors& Construction Equipment), Vehicle Type (Passenger Car, Light Commercial Vehicle, trucks, and buses) and region (Asia Pacific, Europe, North America, and Rest of the World).

Order the Report on “Automotive Gearbox Market by Application (Automatic Transmission, Automated Manual Transmission, Dual Clutch Transmission, Manual), Number of Gears (3–5, 6–8, above 8), Electric Vehicle Type, Off-Highway vehicle, Vehicle Type, Region - Global Forecast to 2025” research report can be requested at http://www.rnrmarketresearch.com/contacts/purchase?rname=1555866 .

Plug-in Hybrid Electric Vehicle (PHEV) is projected to be fastest growing segment of automotive gearbox market, by electric vehicle. PHEV segment estimated to have highest growth potential in the gearbox market across the globe. Growing environmental concerns, rising fossil fuel prices, and stringent government regulations for emission have accelerated the growth of the electric vehicles market.

The break-up of the primaries is as follows:
• By Company Type: Tier I–57%, Tier II–29% and OEMs–14%
• By Designation: C Level–43%, D Level–43% and Other –14%
• By Region: Asia Pacific–57%, Europe–14%, North America–29%

The increasing demand for battery electric vehicles can hamper the growth of automotive gearbox market. Gearbox is not used in these vehicles. Instead, electric vehicles use electric motor and e-drive for the torque transmission.

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Release ID: 360845

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