Fortune Business Insights has released its forecast for the automotive transmission market through 2034. The market is expected to be worth approximately US$207.3 billion in 2025 and approximately US$495.5 billion in 2034, with Asia-Pacific expected to hold the largest share.
The global automotive transmission market is forecast to grow from approximately US$207.3 billion in 2025 to approximately US$495.5 billion in 2034. The CAGR over the forecast period is 10.25%, and Asia-Pacific is expected to account for 47.43% of the global market in 2025.
Passenger cars are expected to hold the largest share by vehicle type, reaching approximately 72.97% in 2026. ICE is expected to retain the largest share by engine type, while the spread of BEVs and hybrids is driving a shift from manual transmissions to advanced transmissions such as ATs and DCTs.
Asia-Pacific is expected to remain the largest production hub, led by China, Japan and India. North America is growing on expanding demand for advanced transmissions such as ATs and DCTs. In Europe, the spread of EVs and tighter emissions regulations are expected to promote local production.
The competitive landscape includes ZF Friedrichshafen AG, Aisin, BorgWarner, Getrag and JATCO as leading players. Investment in new technologies and partnerships has accelerated since 2024, with several companies developing modular drive units and e-transmissions for EV applications.