San Francisco, California, April 17, 2018: TMR Research states that global automotive transmission systems market will see a witness major developments in the coming years. The research report, titled “Automotive Transmission Systems Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025”, explains the drivers and restraints that are expected to define the trajectory of the overall market. Analysts state that the growing demand for automotive transmission in vehicles due to the convenience they offer is expected to drive the global market.
The increasing pressure on the automotive industry to manufacture vehicles that deliver better performance is expected to accelerate the uptake of automotive transmission systems. From bringing in an enhanced driving experience to improving fuel consumption, automotive transmission have drastically changed the game for car manufacturers and buyers. Today, the demand for vehicles transmission that comply with emission norms largely dicatates the sales of automotive transmission. To make it even better, several companies are making significant investments in research and development. This has brought in a wave of advanced transmission systems in the market.
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Out of dual clutch transmission (DCT) and continuously variable transmission (CVT), the latter has immense popularity amongst end users. However, high maintenance of vehicles with automotive transmission systems is projected to be the key challenge for the global market. Furthermore, the high cost of DCTs and technical challenges of CVT have also been identified as hindrances for the global automotive transmission systems market.
The prominent players in the global automotive transmission systems market are Fuji Heavy Industries, Borgwarner Inc., Hilite International, Aisin Aw Co. Ltd., Fiat Powertrain, Gkn Driveline, and Hofer Powertrain GmbH.