Increasing demand for hybrid vehicles and emergence of CVT as a key technology for improved fuel efficiency drives the North American Transmission System Market
Portland, OR -- (SBWIRE) -- 07/20/2017 -- Transmission System uses a set of gears ratios that switches between them as speed varies and converts torque from engine to wheels. The switching can be performed manually or automatically. The gearbox plays a crucial role in adaptation of the output of internal combustion engine to drive wheels to provide the necessary speed. The components of transmission system are modulator, torque converter, governor, output shafts, planetary gears, differential, hydraulic designs, and axles. It increases fuel efficiency and ensures smooth operation of a vehicle. Manufacturers are striving to provide cost effective solutions without compromising on performance to attract users globally.
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The key factors that fuel the growth of the North American transmission system market are improved fuel efficiency for conventional systems, enhanced driving experience in terms of smooth gear shifting, and growing demand for low carbon footprint technologies. The restraining factors are saturation of the automatic transmission systems in the North American market, increasing demand for electric vehicles, and the high cost of high-end transmission systems. However, increasing demand for hybrid vehicles and emergence of CVT as a key technology for improved fuel efficiency create opportunities for growth of the market.
The North American transmission system market is segmented based on vehicle type, transmission type, and geography. On the basis of vehicle type, the market is further classified into Passenger Car, LCV, and HCV. The market is further categorized based on transmission type into manual, automatic, AMT, and CVT. This market is segmented into U.S., Mexico, and Canada.
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The prominent manufacturers operating in the market are Magna Internationals Inc., Aisin Seiki Co., JATCO, GKN Drivetrain, Borg Warner, Allison Transmission, ATC Drivetrain, ZF Friedrichshafen AG, Eaton Corporation, and GETRAG Corporate Group. They have implemented strategies, such as partnerships, mergers & acquisitions, collaborations, and others to sustain and strengthen their position in the market.