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The automotive transmission systems market is estimated to register growth at a CAGR of 7% during the forecast period of 2022 to 2027. Hence, the market for automotive transmission is projected to gain a valuation of US$ 145 Mn by 2026<br><br>Read more : https://www.tmrresearch.com/automotive-transmission-systems-market<br><br>Sample Brochure : https://www.tmrresearch.com/sample/sample?flag=B&rep_id=13
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Automotive Transmission Systems Market Research Report Study by 2031 TMRResearch www.tmrresearch.com
Automotive Transmission Systems Market 1 SNAPSHOT • The automotive transmission systems market is estimated to register growth at a CAGR of 7% during the forecast period of 2022 to 2027. • Hence, the market for automotive transmission is projected to gain a valuation of US$ 145 Mn by 2026. The total valuation of the automotive transmission systems market was US$ 95 Mn in 2020. • Rise in the demand for vehicles from across the globe is expected to drive the sales gain in the global market for automotive transmission systems in the forecast period. TMRResearch www.tmrresearch.com
Automotive Transmission Systems Market 2 MARKETOVERVIEW • Automotive transmission systems have been undergoing several developments in recent times, with the most crucial one being the shift from manual to automatic. • The key function of a transmission system is to circulate power from the engine. These systems utilize gears and clutch to provide torque conversions and speed. • The growing demand to improve vehicle performance and fuel economy, the changing and varied needs of users, and the demand for enhanced driving experience have resulted in the development of advanced automotive transmission systems. TMRResearch www.tmrresearch.com
Automotive Transmission Systems Market 3 MARKET DRIVERS • The report highlights the prominent factors influencing the growth of the automotive transmission systems market. • Based on the findings of the report, the need to reduce carbon emissions, the growing demand for the expansion of production facilities, the need for better fuel efficiency than that offered by conventional transmission systems, and high installation rates of continuously variable transmission systems in Asia Pacific and North America are currently driving the demand for automotive transmission systems. TMRResearch www.tmrresearch.com
Automotive Transmission Systems Market 4 Regional Outlook • There are several leading players operating in the automotive transmission systems market. • These include Borgwarner Inc., Fiat Powertrain, Aisin Aw Co. Ltd., Gkn Driveline, Hofer Powertrain GmbH, Hilite International, Fuji Heavy Industries, Jatco Ltd., Magna Powertrain, Niba Ag, IAV Automotive Engineering, Ntc Powertrain, Luk GmbH& Co., Suzler Ltd., Valeo, Tremec, and Ricardo plc. TMRResearch www.tmrresearch.com
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