The Global Market for Automotive Transmission Systems is Projected to Reach 161.1 Million Units by 2024
Growing Preference for Self-Shifting Transmission Cars Spurs Growth in the Automotive Transmissions Systems Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automotive Transmission Systems market. The global market for Automotive Transmission Systems is projected to reach 161.1 million units by 2024 , driven by the growing consumer preference for automatic transmission cars and stable global automobile production trends. Defined as a complex and elaborate assembly of gears, shafts, bearings and other electromechanical parts, transmission systems are designed to deliver optimal torque to the drivetrain from a vehicle’s engine. As a critical piece of engineering, automotive transmission systems play a vital role in making automobiles more comfortable, safe and convenient to drive. Improvements in the ability of transmission ...