- The key vendors in the Global Automotive Automatic Transmission Market 2014-2018 are BorgWarner Inc., Delphi Automotive plc, Eaton Corp., Oerlikon Graziano and ZF Friedrichshafen AG.
London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Automotive Automatic Transmission Market 2014-2018. One major trend upcoming in the market is the increased usage of electronic components in transmission systems. This has improved the overall efficiency and functionality of automatic transmission systems. The market is expected to grow at a CAGR of 5.3 percent during the period 2014-2018.
The Global Automotive Automatic Transmission market is rapidly gaining momentum in many countries because of this type of transmission’s tremendous ability to reduce driver fatigue. Automatic transmission assists drivers by reducing their task load so that they can concentrate better on traffic conditions. Automatic transmissions have a pre-installed parking mechanism that makes changes in the output shaft of transmission. Such vehicles are increasingly being used as congested roads make changing gears a tedious task. Automatic transmissions are being widely used in passenger cars and most of automakers have now introduced automatic transmission models.
“Several innovations have been introduced by vendors in the Global Automotive Automatic Transmission market to reduce fuel consumption, thereby significantly reducing carbon dioxide emissions,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many countries have made it mandatory for all OEMs to release data on the fuel consumption of the engines they produce and to obtain the necessary approvals from the authorities.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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