An automotive transmission system, also referred to as auto transmission system, essentially consists of different transmission components, namely shafts, gears, and other parts that function together to facilitate movement of an automobile. An automotive transmission system transmits power from the engine via the drive shaft to the live axle of a vehicle. Brakes, gear, fluid drive, and clutch, among other auto transmission parts, work in tandem to better the speed ratio between the engine and vehicle wheels. Overall, the market for automotive transmission system is expected to progress steadily owing to demand for better driving experience vis-à-vis smooth shifting of gear, effective acceleration, and surging demand for low carbon footprint technologies.
Automotive transmission can be automatic or manual. In automatic transmission, gears can be changed automatically vis-à-vis the speed of a vehicle. It is basically comprised of hydraulic system, planetary gear sets, gaskets, seals, governor, torque converter, computer, and modulator. In a manual transmission system, on the other hand, a driver drives the vehicle with a set of hand-operated gearshift and a clutch operated by foot.
Rising Pollutions Levels Boosts Uptake of Automotive Transmission System
Mainly serving to boost demand for automotive transmission system is the alarming rise in pollution levels in all prominent cities in the world. This coupled with the volatility in fuel prices and a not so stable pattern of demand has egged original equipment manufacturers to build systems that would serve to better fuel efficiency. And these are just the factors catalyzing demand for automotive transmission systems. Transmission systems, namely CVT, DCT, and AMT are primed to benefit from such situations given their fuel efficiency. They are being increasingly leveraged to satisfy the spiking demand for vehicles that are eco-friendly.
Rising Vehicle Production Worldwide Stokes Market
There are various kinds of vehicles that are seen adopting automotive transmission systems. Those can be classified as HVC, passenger cars, LVC, and electric vehicles. Among those, the passengers cars account for most of the revenue generated. Overall, rising production of vehicles all over the world and soaring demand for premium products is predicted to bode well for the market.
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China and India Catapult Asia Pacific Market to Fore
Asia Pacific is a prominent market for automotive transmission system. Going forward too, it is predicted to contribute significantly to the market. This on account of the region emerging as the nerve center for alternative fuel passenger cars. The region is mainly powered by China, Japan, South Korea, and India. The region has been making impressive progress owing to governments endeavoring to promote sales of alternate fuel vehicles through tax and other incentives. Outside of Asia Pacific, the U.S. and Germany are prominent markets by dint of being major manufacturers of automobile transmission parts.