4 Key Projections on the Prospects of Automotive Transmission System Market


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As per the latest report published by Fact.MR, the global market for automotive transmission system will ride at a CAGR of 5% during the forecast period (2017-2022).


Demand for automobile is on the rise, especially in regions such as Asia Pacific and Latin America, which is reflecting positively on the global market for automotive transmission system. Increasing sales of low range and mid-range vehicles in countries such as China, India and Brazil is creating lucrative opportunities for the overall automotive industry. As per the latest report published by Fact.MR, the global market for automotive transmission system will ride at a CAGR of 5% during the forecast period (2017-2022). In addition, the introduction of next-gen cars with fully automatic and semi-automatic transmission systems is projected to favor the growth of the market over the next couple of years. Apart from premium models, such transmission systems are now available in mid and low-range segments as well. Rising concerns over energy consumption and carbon emission is prompting auto engineers to tune and update transmission systems. The focus remains on developing breakthrough transmission systems to meet regulatory norms and client expectations. In the near future, automatic transmission is likely to gain more prominence as consumer preference for comfortable driving increase.

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Following assumptions on the global automotive transmission market are likely to define its future prospects,

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Competition Tracking

Some of leading players operating in the global market for automotive transmission include Fuyao Glass Industry Group Co., Ltd., Saint-Gobain SA, Asahi Glass Co., Ltd., Nippon Sheet Glass Co. Ltd., Safelite Auto Glass, Guardian Industries, Xinyi Glass Group, Samvardhana Motherson Automotive Systems Group, Pilkington, Montaplast GmbH, Valeo S.A., and SL Corporation. 

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