Global Automotive Hybrid Transmission System Market 2017-2021

Overview of the global automotive hybrid transmission system market

Technavio's market research analyst predicts the global automotive hybrid transmission system market to grow steadily at a CAGR of around 41% by 2021. One of the primary drivers for this market is the rise in demand for hybrid vehicles. The global demand for eco-friendly vehicles that run only on electricity, hybrid systems, and other power sources (such as solar or the wind and bio fuels) has been a major factor in the growth of the HEV market. Moreover, incentives and tax credits offered for HEVs by various government bodies and regulatory authorities have attracted both automotive manufacturers and end-users to adopt HEVs. Also, owing to the growing charging infrastructure, the demand for PHEVs is expected to grow among consumers. Also, the capability of PHEV powertrains to function as both pure electric and hybrid systems will further propel the market growth of hybrid vehicles. This, in turn, will induce growth in the global automotive hybrid transmission system market during the forecast period.

One of the latest trends gaining traction in this market is the development of high-efficiency lightweight transmission systems for high-performance hybrid vehicles. High power rated hybrid, and electric powertrain is required for better acceleration. In hybrid vehicles acceleration is achieved by joint power from the engine and electric motors through the transmission. The trend of integrating motors and power electronics to the transmission is growing as it offers lightweight, compact drivetrains with higher efficiency. Also, as components are closely connected, it helps to reduce power losses. These advantages of light weight transmission system will directly induce growth in the automotive hybrid transmission system market in the coming years.

Competitive landscape and key vendors

The global automotive hybrid transmission system market is characterized of a few major international vendors in addition to numerous local and regional manufacturers. The competitive environment in this market may intensify in step with the rising demand for green vehicles.  Due to the less number of established players in the market, the bargaining power of the buyer is moderate. With new entrant entering the market space, competition is expected to intensify in the coming years.

Leading vendors in the market are ?

• Aisin
• BorgWarner
• Continental
• ZF

Other prominent vendors in the automotive hybrid transmission system market include Allison Transmission, AVL, Eaton, GETRAG, JATCO, Magna International, and Schaeffler.

Segmentation by vehicle type and analysis of the automotive hybrid transmission system market

• Full HEV
• Mid HEV
• PHEV

During 2016, the full HEV segment dominated the automotive hybrid transmission system market and accounted for a major part of the overall market share. Factors such as the better benefits in terms of fiscal incentives, no need of a charging infrastructure, and aggressive promotion strategy adopted by manufacturers have been the major attributors to the dominance of the segment in the global market.

Geographical segmentation and analysis of the automotive hybrid transmission system market

• APAC
• Europe
• North America

In this market study, analysts have estimated the Americas to dominate the automotive hybrid transmission system market during the forecast period. High sales of HEVs in Japan and China has contributed significantly to the growth of the automotive hybrid transmission system market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive hybrid transmission system market?
• What are the key market trends impacting the growth of the global automotive hybrid transmission system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive hybrid transmission system market?
• What are the market opportunities and threats faced by the vendors in the global automotive hybrid transmission system market?
• Trending factors influencing the market shares of the APAC, Europe, and North America.
• What are the key outcomes of the five forces analysis of the global automotive hybrid transmission system market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Electric Vehicle Transmission Market 2016-2020 
• Global Automotive Dual Clutch Transmission System Market 2017-2021 
• Global Transmission Oil Pump Market 2016-2020

The recent years have witnessed an increased demand for automobiles from both the commercial and passenger segments. This high demand for automobiles from various segments has, in turn, led to a shift in the focus of automotive companies towards the replacement of mechanical components with electrical ones. This trend of using electrical components in vehicles will aid in reducing the vehicle's weight and enhancing operational accuracies, thus, favoring the electrification of various automotive components, including transmission systems. Since all the leading automotive manufacturers are equally focusing on enhancing their customer base, competition among the market players in the global automotive industry is highly intense. Aimed at helping clients in the industry gain a competitive edge over other market players, Technavio provides a collection of market study reports that cover all segments including automotive electronics components, wheels and tires, accessories, and services. In addition to providing information on various parameters including the shift in customer preferences and the factors, which will drive and challenge the growth of the vendors in the industry's marketspace, Technavio's reports also provide detailed information on all the automotive OEMs and suppliers who hold significant shares in the automotive industry.

To accurately forecast the industry's growth prospects, our market research experts follow a mix of primary and secondary research techniques and also make an in-depth analysis of the various factors, including technological advancements and the demand for different products and services across various geographical regions. To help clients frame new strategies for growth, our upcoming industry research report on automotive hybrid transmission system for the forecast period of 2017 to 2021 offers actionable insights devised from the data collected from reliable sources such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on automotive hybrid transmission system also considers the growth of the similar markets such as electric vehicle transmission and automotive hydromechanical variable transmission system, which are expected to grow at a CAGR of almost 47% and about 67%, respectively by 2020. According to our market research analyst, the need to increase fuel efficiency and enhance driving comfort will be one of the significant factors driving the market's growth in the coming years. Based on client's requirements, Technavio also provides customized reports, which will help regional vendors and players targeting niche customer segments establish their presence in the market.

The upcoming industry research report for automotive hybrid transmission systems also identifies the key drivers, emerging trends, and the challenges currently experienced by the industry and also presents insights into the changing competitive landscape, which will give clients a realistic picture of the future direction of the automotive industry.