Automotive Automatic Transmission Market

Automotive Automatic Transmission Market by Vehicle Type (Compact Cars, Mid-Sized Cars, Premium Cars, Luxury Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) & By Region, Forecast - 2022 to 2032

Analysis of Automotive Automatic Transmission market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Automotive Automatic Transmission Industry Outlook (2022-2032)

The global automotive automatic transmission market is likely to be valued at US$ 70.34 Billion in FY 2022, up from US$ 65 Billion in 2021.

During the past year, the industry registered a Y-o-Y increase worth 8.2%. From 2022 to 2032, the automotive automatic transmission industry is poised to flourish at a CAGR of 8.2% to reach a value of US$ 155 Billion by the end of 2032.

Report Attributes Details

Anticipated Base Year Value (2021)

US$ 65 Billion

Expected Market Value (2022)

US$ 70.34 Billion

Projected Forecast Value (2032)

US$ 155 Billion

Global Growth Rate (2022-2032)

8.2% CAGR

Growth Rate of the U.S Market (2022-2032)


Expected Market Value of China (2032)

US$ 65 Billion

U.K Market Expansion Rate (2022-2032)

6.2% CAGR

Key Companies Profiled

  • Honda Motor Co., Ltd.
  • Generac Holdings Inc.
  • Yamaha Motor Co. Ltd.
  • Hyundai Motor Company
  • Champion Power Equipment Inc.
  • Wuxi Kipor Power Co. Ltd.
  • Toshiba Corporation
  • Lifan Industry (Group) Co., Ltd
  • Briggs & Stratton Corporation
  • Subaru Corporation
  • Ryobi Limited

Demand for Heavy Commercial vehicles will continue to thrive, with a documented CAGR of 7.1% during the 2015-2021 historical period of assessment. APAC will dominate the global market, registering a growth opportunity worth US$ 65 Billion from 2022 to 2032.

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2015 to 2021 Automotive Automatic Transmission Market Revenue Analysis vs. Market Outlook 2022-2032

Fact.MR’s latest forecast study projects that the global automotive automatic transmission market will expand robustly during the assessment period, 2015-2021. Historically, the market evaluated nearly US$ 65 Billion in 2021, following a CAGR of 8%.

According to the study, Fact.MR estimates the demand for automotive transmission systems to expand at a value CAGR of 8.2% over the forecast period. By the end of 2032, more than 19,200,000 units of automatic transmissions will be sold across the automotive industry worldwide.

Key Drivers Stimulating Automotive Automatic Transmission Industry Expansion

Upgradation in Gear Shifting Technologies and Mechanics Acts as a Principal Driving Factor

Prominent manufacturers are continuously innovating their products to comply with the stringent emission control regulations and bring up-gradation in mechanics of automotive transmission to improve the consumer experience. With the rising shift towards electric and hybrid vehicles, the electrification of transmission systems is expected to gain pace. Effective transmission leads to the effective performance of automotive vehicles.

With the advent of advanced automotive engines and the entrance of EVs and hybrids, vehicle owners are steadily shifting their preferences from manual to automatic transmissions. Faster and smooth gear-shifting abilities of automatic transmissions are driving their demand across the global automotive landscape.

Low involvement of driver movements is further extending the drivability of vehicles equipped with automotive automatic transmissions. According to the International Organization of Motor Vehicle Manufacturers (OICA), international vehicle production reached over 40 billion in 2021. Henceforth, an upsurge in vehicle production will generate huge revenue sales for automotive transmission systems.

Automotive automatic transmission market forecast by Fact.MR

Key Challenges to Automotive Automatic Transmission Industry Expansion

High cost allied with automotive transmission systems is likely to impede the growth in the market. The cost of raw materials and new technologies present countless challenges in Infront of the automotive automatic transmission manufacturers.

Besides, reduction in the cost of lightweight and efficient transmission systems is prospective to act as a challenge for market players

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Country-wise Analysis

How Opportunistic are Growth Prospects across the U.S Market?

As per Fact.MR, the North American market will account for 25% of the global market revenue share through 2032. According to CarMax, 96 percent of Americans drive automatic transmission vehicles. In 2021, over 3 million passenger cars were sold in the United States and are likely to witness an immense upsurge with the prevalence of electric vehicles and automatic cars.

The significant factors blossoming the growth of the North American transmission system market are enhanced fuel efficiency for conventional systems, superior driving experience in terms of smooth gear shifting, and swelling demand for low carbon footprint machinery. Besides, the soaring demand for hybrid vehicles and the emergence of CVT as a vital technology for upgraded fuel efficiency open a pool of growth opportunities for the manufacturers in the region.

In terms of market projection, the market is likely to exceed US$ 82 Billion by the end of the forecast period. Historically, the market evaluated nearly US$ 43 Billion, documenting a growth rate of nearly 6.1%.

Why are Automotive Automatic Transmission Providers Venturing into China?

In terms of geographical analysis, the Asia Pacific region will remain the epicenter of automotive transmission system market growth, accounting for Over 35% of sales through 2032. Mushrooming automotive industry, with China, South Korea, and India as the world’s largest automotive manufacturers, and promising industrial guidelines will continue to stimulate the growth of APEJ’s automotive automatic transmission market during the forecast period.

By 2032-end, the APEJ automotive automatic transmission market is likely to maintain its dominance in global expansion, recording sales of over 5,283,000 units of automatic transmissions. The region is the booming market for low and mid-range passenger cars and is likely to grow at a brisk rate.

The presence of key market players and the growing preference for a smooth driving experience by consumers has increased the demand for automatic transmission cars. Based on the Fact.MR’s recent analysis, the APAC automotive Automatic Transmission Market is forecasted to reach US$ 65 Billion by 2032 end, following a 6% CAGR.

Country-wise Value CAGRs for Automotive Automatic Transmission (2022-2032)









South Korea


Category-wise Insights

Based on Vehicle Type, which Automotive Automatic Transmission is expected to dominate?

As per the Fact.MR’s recent analysis, the heavy commerciall vehicle market segment is likely to reach US$ 650 Million by 2032 at a CAGR of 8.2%. In the aftermath of COVID-19, there has been an augmented need for transport and shows a ray of hope for medium and heavy-duty commercial vehicles.

This segment bounced back from the economic crisis. Growth is driven by consistent technological advancements and the enactment of strict emission norms, automakers (OEMs) are shifting their focus toward electric vehicles.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Landscape

Prominent Automotive Automatic Transmission providers are reliant on partnerships, collaborations, acquisitions, and new software launches to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.

  • In February 2020, Hyundai Motor Company and KIA Motors Corporation announced that they have developed the world's first predictive Information and Communication Technology (ICT) Connected Shift System, enabling the vehicle to automatically shift to the optimal gear after identifying the road and traffic conditions ahead. Moreover, the two companies are planning to further develop the ICT Connected Shift System into an even more intelligent transmission technology that can communicate with traffic signals based on LTE or 5G communication and identify drivers' tendencies, resulting in further refinement of gear-shift control.
  • In April 2021 - Yamaha Motor Co., Ltd, announced that the company has developed an electric motor reaching the industry's highest class in output density. This unit is aimed at use in hyper-EV models and other offerings in the high-output mobility segment and Yamaha will begin accepting orders for commissioned prototype development from April this year.

Key Segments Covered in the Automotive Automatic Transmission Industry Survey

  • Automotive Automatic Transmission by Vehicle Type :

    • Automotive Automatic Transmission for Compact Cars
    • Automotive Automatic Transmission for Mid-Sized Cars
    • Automotive Automatic Transmission for Premium Cars
    • Automotive Automatic Transmission for Luxury Cars
    • Automotive Automatic Transmission for Light Commercial Vehicles
    • Automotive Automatic Transmission for Heavy Commercial Vehicles
  • Automotive Automatic Transmission by Region :

    • North America Automotive Automatic Transmission Market
    • Latin America Automotive Automatic Transmission Market
    • Europe Automotive Automatic Transmission Market
    • Asia Pacific Automotive Automatic Transmission Market
    • The Middle East & Africa Automotive Automatic Transmission Market

- FAQs -

What was the market worth for automotive automatic transmission in 2021?

As of 2021, Fact.MR estimated the automotive automatic transmission market to have reached US$ 65 Billion

What is the expected worth of the automotive automatic transmission industry in 2022?

By 2022, Fact.MR expected demand for automotive automatic transmission to reach US$ 70 Billion

At what rate did the automotive automatic transmission market flourish from 2015-to 2021?

From 2015-to 2021, the automotive automatic transmission market grew at an 8% value CAGR

What is the expected forecast CAGR for automotive automatic transmission from 2022-to 2032?

From 2022-to 2032, automotive automatic transmission demand is likely to surge at an 8% CAGR

At what value will the market for automotive automatic transmission close in 2032?

By 2032, the market for automotive automatic transmission is likely to be valued at US$ 155 Billion

What is the expected market value for the U.S Automotive Automatic Transmission market?

By 2032, Fact.MR expects the U.S market for Automotive Automatic Transmission to reach US$ 82 Billion

How opportunistic is the Chinese market for Automotive Automatic Transmission?

China is expected to register a 6% CAGR in the Automotive Automatic Transmission industry

What are the expected growth rates for the South Korean and Japanese markets?

South Korea and Japan are expected to document CAGRs worth 6.6% and 6.8% respectively in the Automotive Automatic Transmission market

Which Vehicle type will account for the maximum automotive automatic transmission revenue?

Heavy commercial vehicles automotive automatic transmission will be maximum, expanding at an 8.2% CAGR

Automotive Automatic Transmission Market

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