The global automotive transmission market size is projected to grow from USD 67.24 billion in 2024 to USD 120.41 billion by 2034, at a CAGR of 6.0%, according to a new report by Polaris Market Research.
Market Overview
A transmission is a vehicle's gearbox. It is analogous to gear exchangers and chain systems engaged in bicycles. Transmission constituents are always scaled directly on the engine so that their connected belt and gear system can productively transform the combustion power generated by the engine into tangible impetus. In a vacuum, the inflammable power generated by an archetypal automobile's interior combustion engine would be too elevated to commence or halt the vehicle. The majority of transmissions consist of five to eight-gear positioning and a sequence of gear trains that convey power to the car without altering how speedily the engine operates.
Automotive Transmission Market Share to Rise at 6.0?GR, To Hit USD 120.41 Billion by 2034 | PMR