DUBLIN–(BUSINESS WIRE)–The “Automotive Transmission Systems – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global market for Automotive Transmission Systems estimated at 109.9 Million Units in the year 2020, is projected to reach a revised size of 164.2 Million Units by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.
Manual Transmission, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach 88.5 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automatic Transmission segment is readjusted to a revised 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at 29.8 Million Units, While China is Forecast to Grow at 9% CAGR
The Automotive Transmission Systems market in the U.S. is estimated at 29.8 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 34.7 Million Units by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Continuously Variable Transmission Segment to Record 6.8% CAGR
In the global Continuously Variable…