Automotive Transmission Systems Market Worth 7.1 Million by 2018

DALLAS, April 8, 2013 /PRNewswire/ --

The report "Automotive Transmission Systems Market, By Transmission Types [Continuously Variable (CVT), Dual Clutch (DCT)], Vehicle Types (Passenger, Commercial) & Geography: Global Trends and Forecast to 2018" defines and segments the global DCT and CVT market with analysis and forecasting of the global volume and revenue. The dual clutch transmission system market is estimated to reach 7.1 million units by 2018, whereas the continuously variable transmission system market is expected to be 11.5 million units by 2018.

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DCT Gaining Attention in European Region

European automakers are keen on the adoption of new vehicle technologies and advancements that help in meeting stringent environmental norms. Dual clutch transmission technology is one amongst these. Automobile manufacturing companies such as Volkswagen, BMW, Fiat Group and others have launched their vehicles equipped with DCT. These companies have plans for further increasing the production of DCT-based vehicles. For instance, Volkswagen planned to increase DCT production by locating their facilities in China. Fiat Power trains have also received further orders from Chrysler for supplying DCT for their vehicles. Such trends indicate growth in installation rates of DCT in European vehicles.

Asia-Pacific: A market place for both DCT and CVT systems

Asia-Pacific being the largest automobile manufacturing region in the world produced 42 million automobiles in 2012 and this is estimated to grow at a CAGR of 7.9% for the next six years. Thus, in terms of the automotive transmission systems market, this region also becomes the largest market in terms of volumes of installations. The continuous variable transmission system was developed in the Asia-Pacific region as there was a need for a fuel efficient and low carbon emission technology due to rising fuel prices, increasing pollution and stringent regional and environmental norms. The continuous variable transmission system was accepted by most of the major automotive manufacturers such as Toyota, Honda, Mitsubishi, Nissan, etc. due to its salient features over the conventional transmission system. The awareness of the dual clutch transmission system has spread recently in the Asia-Pacific region due to the efficiency of the technology in high performance vehicles in Europe. Thus, the dual clutch and continuous variable transmission system are expected to play a bigger role in the Asia-Pacific automotive transmission market.

CVT to witness high growth in North America

North America is the third largest automobile manufacturer in the world with 15 million units of automobiles produced in North America. Most of the major automobile companies such as Ford, General Motors, Toyota, Honda, etc. have their manufacturing facility in North America. The region has a blend of both fuel efficient and performance oriented vehicles due to varied lifestyle of the population. The automobile manufacturers in the region focus a lot on producing eco-friendly and sustainable vehicles due to depleting oil reserves and increasing environmental issues. The dual clutch and continuously variable transmission systems, due to respective salient features in providing a fuel efficient, low carbon emitting, and high performance vehicle over the conventional transmission systems, have better market opportunity in the North American automotive market.

The report covers global DCT & CVT system market in terms of volumes of installations (thousand units) and revenue ($ Million) across regions such as Asia-Pacific, Europe, North America, and Rest of the World (ROW). It explains qualitative and quantitative aspects of DCT & CVT systems with respect to vehicle types and lubrication types. The report briefly explains the dual clutch and continuously variable transmission market on the basis of geography, technology, and lubrication type from year 2010 to 2018.

The report also shows an overview of the technical as well as other important aspects of DCT and CVT market. It includes an analysis of the value chain, Porters Five Forces Analysis, the competitive landscape, and company profiles. In addition to this, 20 key players in the market have also been profiled.

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