Automotive Transmission Market To Witness A Significant Growth Of USD 211.85 Billion By 2028
San Francisco, 7 July 2021: The Report Automotive Transmission Market Size, Share & Trends Analysis Report By Transmission Type (Manual, Automatic), By Fuel Type (Gasoline, Diesel), By Vehicle Type (Passenger Cars, HCVs), By Region, And Segment Forecasts, 2021 - 2028 The global automotive transmission market size is expected to reach USD 211.85 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The Covid-19 pandemic has adversely affected the automobile industry, leading to a decline in the growth of this market. Increasing concerns regarding global warming and pollution have led to various stringent government regulations pertaining to vehicular emissions. Such regulatory guidelines have propelled component suppliers to manufacture eco-friendly and high-efficiency transmission systems for domestic and international markets. Thus, increasing emission standards worldwide are one of the key factors drivin