Automotive Transmission Market Poised for an Explosive Growth in the Near Future
The global automotive transmission market is largely consolidated in terms of its vendor landscape, partly owing to the presence of very few manufacturers that solely operate in the field and the preference of several leading auto-makers to in-house manufacturing of transmission systems in collaboration with some tier-I companies, observes Transparency Market Research in a recent report. This has led to a scenario wherein other transmission system manufacturers are left with very little scope of expansion. For sustainable returns, companies could...
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