Automotive Tiptronic transmission: Key market research findings
- The Americas dominate the market geographically
- Passenger cars account for a majority of the market’s revenue
- Key vendors – Aisin Seiki, BorgWarner, Voith, and ZF
Technavio’s market research analysts predict the global market for automotive Tiptronic transmission to grow at a CAGR of almost 8% between 2016 and 2020. Falling gasoline prices and the resultant reduction in the price difference between automatic and manual gearboxes are the fundamental fueling force behind the growth of this market. Low oil prices help drive the market for gasoline-powered vehicles, thus, opening up opportunities for growth for the global automotive Tiptronic transmission market. This market’s growth is facilitated by factors like strategic alliances, low operating costs, and making personal transportation more affordable. The Americas accounted for around 42% of the overall market share to become the dominant shareholder in the global automotive Tiptronic transmission market. Factors such as the rising adoption of automatic transmission and an expanding customer base will have a positive impact on the growth of the automotive Tiptronic transmission market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the automotive Tiptronic segments based on the vehicle type.
“Earlier versions of transmission systems had many mechanical components with fewer electrical components. However, improved technology is replacing mechanical components with electronic components, which, in turn, is enhancing the overall efficiency of the vehicle. Advances in powertrain technology have also helped manufacturers to forge transmission systems that can handle higher internal pressures and greater instantaneous forces. Such advances are increasing rapidly in the field of powertrain compared with other mechanical systems,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
By 2020, the passenger car segment will account for around 91% of the overall market revenue to continue its dominance over the global automotive Tiptronic transmission market. Various car manufacturers with different names are using the Tiptronic transmission technology pioneered by German sports car manufacturer Porsche. Volkswagen, a German automotive manufacturing company, which owns Porsche is also using this technology in their vehicles. The refinement of transmission boxes in terms of gear changes, which makes gear shifts smoother and sharper, will drive the growth of this market segment in the coming years.
The key vendors in the global automotive Tiptronic transmission market include Aisin Seiki, BorgWarner, Voith, and ZF. The high population of vehicles in terms of volume in the region is leading customers to daily traffic issues. Hence, they are looking for solutions that can provide comfortable and smooth driving experience. Vendors in the region are also designing and developing relative cheaper technologies to suit the demands of the customer, making the APAC market more competitive in nature. In the Americas, automated transmission systems have been in place for a long time and are much popular in the market. Unlike fully automatic transmission, automatic Tiptronic transmissions are gaining popularity as it provides the benefit of manual gear shifts.
A more detailed analysis is available in the Technavio report, Global Automotive Tiptronic Transmission Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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