Automotive Transmission Market is Largely Driven by Asia Pacific Due to Rising Manufacturing Industry 1
Automotive Transmission Market is Largely Driven by Asia Pacific Due to Rising Manufacturing Industry 2
Global Automotive Transmission Market Anticipated to Grow at a CAGR of 8.2% during the Forecast Period 2016-2024

According to Goldstein Research, global automotive transmission market size is expected to reach USD 46.1 billion by 2024 from USD 24.6 billion by 2016, growing at a compounded annual growth rate of 8.2% during the forecast period 2016-2024. The growing application of robotics in the warehouses such as the use of Kiva robotics in Amazon warehouses is thus opening opportunities for the players and to manufacture automotive material handling equipment. Global automotive transmission market segmentation has been carried out on the basis of product type, application type, services, end users, and geography. Globally manufacturing industry accounts for largest revenue share in the application of automotive transmission equipment, followed by e-commerce market.

Global automotive transmission market is largely driven by the Asia Pacific due to rising manufacturing industry across the region majorly in China & India. Moreover, the presence of large automotive industry in Europe has led to closely follow the APAC share of global automotive transmission market.

Market Segmentation

On the basis of our in-depth analysis, Global Automotive Transmission Market can be segmented as follows:

  • By Product Type
    • Material Handling Equipment
    • Conveyor systems
    • Cranes/Hoists
    • Automatic guided vehicles (AGV)
  • By Applications Type
    • Storage and Retrieval
    • Transportation
    • Assembly
    • Packaging
    • Distribution
  • By Services
    • Software and Hardware (Installation and Up-gradations)
    • Training
    • Support and Maintenance
  • By End Users
    • Marine and Air Ports
    • Manufacturing Sector
    • Transportation and Logistics
    • Construction Industry
    • E-commerce
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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“Global Automotive Transmission industry Outlook 2024contains a detailed overview of the global automotive transmission market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, application type, services and end users.

Further, for the in-depth analysis, Automotive Transmission Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market analysis report also includes competitive outlook of some of the major players profiling of companies such as Daifuku Co., Ltd., SSI Schaefer, Hyster-Yale Material Handling, Inc., Jungheinrich AG, KION Group AG, Toyota Industries Corporation, Vanderlande Industries, Avancon SA, iFuture Robotics Private Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global automotive transmission market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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