The growing demand for all types of vehicles is propelling the automotive transmission system industry forward. Furthermore, rising per capita income in emerging markets like as India and China has resulted in increased spending on fuel-efficient automobiles, which is strengthening the demand for transmission systems. According to International Organization of Motor Vehicle Manufacturers (OICA) figures, the total number of automobiles built worldwide in 2016 was roughly 94.9 million, which is likely to fuel market expansion during the forecast period. The use of automated and semi-automatic transmission systems in vehicles is likely to fuel the growth of the automotive transmission industry, as these transmission systems are expected to replace traditional mechanisms. Transmission systems like dual clutch transmission and continuous variable transmission have been developed.
Key players operating in the Automotive Transmission Systems Market include Getrag Corporate Group, Aisin Seiki Co., ZF Friedrichshafen AG, Jatco Ltd., General Motors, GKN PLC, Magna Powertrain, Eaton Corporation, Honda Transmission Manufacturing of America Inc., and Allison Transmission Inc.
Top Companies in the Automotive Transmission Systems Industry:
1. Getrag Corporate Group
Getrag Corporate Group was founded in 1935. And its headquarter in Baden-Württemberg, Germany. The company operates in 90 countries. In 2019, Canada-based
Magna's decision to acquire the German transmission manufacturer comes on the heels of several other high-profile mergers.
2. Aisin Seiki Co.
Aisin Seiki Co.Was launch in 1943 and its headquarter located in Michigan, U.S.A., New Mexico. It operate over 44 country.
3. ZF Friedrichshafen AG,
ZF Friedrichshafen AG,was launch in 1915 and its headquarter located Friedrichshafen, Baden-Wurttemberg, Germany..it operate over 48 country and. In 2022 ZF
launched the first automated manual transmission (AMT) with an integrated control technology for commercial vehicles.
4. General Motors
General Motors was founded in 1908, with its headquarters in Detroit, Michigan, United States.it operate over 8 countries,
5. Magna Powertrain
Magna Powertrain was launch in 2004 and its headquarter located in Troy, Michigan. it operate over 27 country Magna International Inc. has completed its acquisition of the GETRAG Group of Companies, one of the world's leading independent suppliers of automotive.
6. Honda Transmission Manufacturing of America Inc
Honda Transmission Manufacturing of America Inc was launch in 1979 and its headquarter located Ohio, United States.it operate over 100+ country.
7. Allison Transmission Inc
Allison Transmission IncInc was founded in 1929, with its headquarters in Indiana, U.S.A.it operate over 150 countries, in 2022 Allison purchased AVTEC's off-highway transmission portfolio and MEPZ off-highway component machining assets for $23 million in cash
*Definition- Automotive transmission system transmits power to drive the engine. It includes various transmission components such as gears, shafts, and other parts, which function together for movement of device.
