Delray Beach, FL, Aug. 20, 2025 (GLOBE NEWSWIRE) — Automotive Transmission Market is projected to grow from USD 62.4 billion in 2023 to USD 84.2 billion by 2028, at a CAGR of 6.2% from 2023 to 2028, as per the recent study by MarketsandMarkets™. The automotive transmission market is driven by factors such as – a shift towards automatic transmissions due to increasing customer preference for convenience and rising demand for fuel-efficient vehicles leading to advancements in transmission technologies. Rising demand for electric and hybrid vehicles requires specialized transmissions, like continuously variable transmissions (CVTs) in hybrid vehicles and single-speed transmissions in BEVs, to maximize efficiency and performance. Hence, the transmission market is expected to experience a shift from conventional transmissions to hybrid/electric vehicle transmissions in the coming years.
Browse in-depth TOC on “Automotive Transmission Market“
315 – Tables
68 – Figures
328 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1063
CVT is estimated to be the fastest-growing transmission market regarding the number of forward gears during the forecast period.
Continuously Variable Transmission (CVT) is an automatic transmission technology that uses two pulleys connected by a steel belt. It adjusts the size of these pulleys to change gear ratios smoothly, avoiding jolts during shifts and providing a comfortable driving experience. With the increasing popularity of SUVs globally, automatic transmissions like CVTs are becoming more preferred for city driving. CVTs provide an excellent opportunity for transmission manufacturers because they offer better fuel efficiency and lower carbon emissions than other automatic transmission types. CVTs are mainly used in hybrid and electric vehicles, which are in higher demand due to environmental concerns. Considering the trends in the market, companies like Bosch are also introducing upgraded products like eCVT, introduced in September 2023. This eCVT combines CVT technology with an electric motor for better efficiency and performance in electric vehicles.
Major car brands from Japan, South Korea, and China – Hyundai, Kia, Toyota, Honda, Nissan, Geely, BYD, and Great Wall Motors- offer CVT options in their popular models. Luxury sedans like the Lexus NX 250 and Mercedes-Benz A-Class offer CVT options for a balance of fuel efficiency and power. In the SUV segment, the Audi Q3 and Range Rover Evoque provide CVTs for a smooth and quiet urban driving experience. Hybrid and electric vehicles like the Toyota Prius and Nissan Leaf e+ utilize CVTs for seamless integration of power sources and efficient performance.
The CVTs are estimated to gain a significant market share in coming years with advantages such as adaptability to various driving conditions, optimized power delivery, compact design, reduced emissions, and consumer acceptance.
Passenger car segment is estimated to be the largest segment during the forecast period.
According to ACEA, global passenger car production witnessed a notable 8.7% increase in 2022 compared to the previous year. …