Automotive Transmission Market Share

APAC Market Statistics

The Asia Pacific automotive transmission market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, backed by the large production volume of control parts for automobiles manufactured in the region, and a growing value of drive, transmission, and control parts of automatic transmission systems manufactured. For instance, in 2020, the overall production value of the automatic transmission system with many of its parts in Japan amounted to over USD 19 billion. Apart from that, rising income levels and the societal status of the Indian people are also expected to drive the market in the region. The popularity of EVs in the subcontinent is also booming, as it is projected that EVs will account for a third of the total vehicles on the road in India by 2030.