Automotive Transmission Market Size And Forecast
According to Verified Market Research, Global Automotive Transmission Market was valued at USD 154.21 Billion in 2018 and is projected to reach USD 228.53 Billion by 2026, growing at a CAGR of 5.0% from 2019 to 2026.
What is Automotive Transmission?
The Automotive Transmission is the process of controlling the power application. It is used to transfer the power to the differential and axel which in response transmitted to the wheels. The automotive transmission system serves the purpose of controlling power applications and engaging gears following the torque and speed of the vehicle. It comprises of the gearbox, propeller shaft, clutch, rear axle, and wheels. The utilization of the automotive transmission system enhances vehicle performance.
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Global Automotive Transmission Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market