Zion Market Research, the market research group announced the analysis report titled ‘Automotive Transmission Engineering Services Outsourcing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Automotive Transmission Engineering Services Outsourcing Market: Overview
There are two types of automotive transmission which are manual and automatic. The automotive transmission engineering is considered as an important process in the manufacturing process of automobiles. The movement of the vehicle is ensured by the transmission which allows the power flow from the engine to the wheels. There are huge developments made in the automatic transmission engineering which includes dual clutch transmission (DCT), automated manual transmission (AMT) and continuously variable transmission (CVT).
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Global Automotive Transmission Engineering Services Outsourcing Market: Segmentation
The global automotive transmission engineering services outsourcing market is segmented into its transmission type, service type, power train and regions. On the basis of service type, the global market is segregated into designing, testing, simulation, prototyping, and system engineering and integration. Based on the transmission type, the market is categorized as the manual transmission and automatic transmission. On the basis of the power train, the automotive transmission engineering services outsourcing market is classified into hybrid powertrain and conventional powertrain.
Global Automotive Transmission Engineering Services Outsourcing Market: Growth Factors
The rise in the production of vehicles and the increase in the demand for the hybrid vehicles are some of the reasons that have contributed to the market growth. The rise in concerns for the environment regarding the increasing pollution owing to the emission of harmful gasses from the gasoline and diesel vehicles is a factor that contributes to the market growth. Owing to the rise in the environmental pollution the governments of various regions are compelling the automakers to develop eco-friendly automobiles. Hence, the demand for the hybrid vehicles is increasing which in turn is influencing the growth of the automotive transmission engineering services outsourcing market. The factor that is restraining the market growth is the high cost involved in the manufacturing of the hybrid transmission system. The research and the development expenditures that are involved in developing the hybrid system technology are expensive as compared to the manufacturing of the conventional vehicles. Thus, these vehicles are costly and are less affordable to the consumers which in turn affect the market growth.
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Global Automotive Transmission Engineering Services Outsourcing Market: Regional Analysis
The region that dominates the automotive transmission engineering services outsourcing market is Asia Pacific. The factors that contribute to this growth include the presence of the growing economies such as India and China, the growing demand from the population for more advanced passenger cars is compelling the OEMs to invest in the research and development of transmission engineering. The increasing demand for the hybrid vehicles and the low labor cost are other factors that are contributing to the market growth in this region. Automatic transmission is also widely used in the North American region owing to the provision of better fuel efficiency. Manual transmissions are preferred in countries of Europe.
Global Automotive Transmission Engineering Services Outsourcing Market: Competitive Players
The key market players in the automatic transmission engineering services market include AVL, IAV GmbH, Intertek Group Plc., Tata Consultancy Services Limited, Magneti Marelli S.p.A, Horiba, Ltd., FEV GmbH, Ricardo Plc, Porsche Engineering and Magna International Inc.
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