Lucintel Forecasts the Global Automotive Gearbox Market to Reach $132 Billion by 2030
Lucintel Forecasts the Global Automotive Gearbox Market to Reach $132 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global automotive gearbox market looks promising with opportunities in the automatic transmission, automated manual transmission, dual clutch transmission, and manual transmission markets. The global automotive gearbox market is expected to reach an estimated $132 billion by 2030 from $106 billion in 2024 at a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing customer inclination towards improved driving dynamics and seamless gear changes, increasing need in heavy-duty commercial trucks for AMT and AT, and rising demand for automatic transmissions globally.
A more than 150-page report to understand trends, opportunity and forecast in automotive gearbox market to 2030 by vehicle type (passenger cars, buses, light commercial vehicle, electric vehicle, and off-highway vehicle), number of gears (3-5 gears, 6-8 gears, and above 8 gears), application (automatic transmission, automated manual transmission, dual clutch transmission, manual transmission, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that passenger car will remain the largest segment over the forecast period due to growing demand for private and public transport, rising focus on better mobility options in urban areas among population, as well as, increasing production and sale of passenger vehicles globally.
APAC will remain the largest region over the forecast period due to rise in the manufacturing of passenger cars worldwide, rising demand for SUVs and luxury cars, and growing standards for personal vehicle performance.
Aisin Seiki, Schaeffler Group, Zf Friedrichshafen, Eaton, BorgWarner, Allison Transmission, Jatco, Bonfiglioli, Magneti Marelli, Oerlikon Graziano are the major suppliers in the automotive gearbox market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056