London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the automatic transmission market in APAC 2015-2019, which is expected to grow at a CAGR of 2.62% during the period of 2014-2019.
With increase in disposable income, financial flexibility, and improved purchasing power of consumers, demand for automatic transmission systems, especially in the replacement market, is also increasing rapidly. With the improvement in infrastructure and increased government initiatives, to boost automotive production, OEMs have shifted their focus toward production of automotive in APAC.
“There has been huge demand for safety solutions in automobiles such as ABS, and traction control systems,” says Faisal Ghaus, Vice President of Technavio.
“AT systems are getting wide acceptance among consumers from emerging economies as heavy traffic and crammed streets make shifting gears an undesirable job for the drivers.”
Key Market Drivers
- Increased Consumer Demand
- Powertrain Advancements
- High Fuel Efficiency and Reduced Emission
Key Market Trends
- Demand for Safety and Convenience Systems
- Usage of Turbochargers
- Dependence on Electronics
Key Market Vendors
- Aisin Seiki
- BorgWarner
- Delphi Automotive
- Eaton Corp.
- Oerlikon
- ZF Friedrichshafen
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
