Market Share of Automotive Transmission Industry
The existence of multiple global companies led the automobile transmission market to be moderately consolidated. While some of the market's top players compete on the basis of product offering, other firms are collaborating, product launching, and partnering throughout the globe. For instance,
- In October 2021, Stellantis will invest $229 million to design and manufacture a new 8-speed gearbox that will ultimately power electric Jeep, Ram, Dodge, and Chrysler vehicles. The funds will be used to update and rebuild three of its Indiana sites in order to manufacture the new transmission. The announcement is the first stage in the company's anticipated $35 billion global investment in electrification by 2025. Stellantis has stated that by 2030, it hopes to have low-emission cars account for more than 70% of its sales in Europe and 40% of its sales in the United States.
- In June 2021, JATCO developed a new continuously variable transmission "CVT-X" for medium and large FWD vehicles, with increased environmental performance and drivability. It is believed to have achieved transmission efficiency of greater than 90%, which was considered impossible for a CVT.
Some major players dominating the market include ZF Friedrichshafen AG, Aisin Corporation, Jatco Ltd. , Schaeffler AG and Magna International Inc.
Automotive Transmission Market Leaders
ZF Friedrichshafen AG
Aisin Corporation
Hyundai Transys Co., Ltd.
JATCO Ltd
Musashi Seimitsu Industry Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
