London, 26 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Automotive Transmission Market in China 2014-2018, which is expected to grow at a CAGR of 7.45 percent during the period 2013-2018.
The main factor driving the growth for the Automotive Transmission market in China is an increase in the use of fuel-efficient transmissions. Global fuel prices have been rising for the past few years and therefore, fuel-efficient transmissions are the most viable solution.
“The increase in the use of electronics in vehicles has a positive impact on vehicle sales and is expected to propel the growth of the Automotive Transmission market in China,” says Faisal Ghaus, Vice President of TechNavio.
“China is emerging as the largest automotive market worldwide. In China, the demand for vehicles is increasing because of an increase in disposable incomes.”
Key Market Drivers
- Fuel-efficient Transmission
- Advances in Powertrain Technology
- Automatic Transmission System
Key Market Trends
- Increase in Use of Electronic Equipment
- Increased Use of Turbochargers
- Increase in Demand for AWD Vehicles
Key Market Vendors
- Aisin Seiki Co. Ltd.
- BorgWarner Inc.
- Delphi Automotive plc
- Eaton Corp.
- ZF Friedrichshafen AG
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%…
