Research and Markets: Automotive Automatic Transmission Market in APAC 2015-2019
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/xqwbw7/automotive) has announced the addition of the “Automotive Automatic Transmission Market in APAC 2015-2019” report to their offering.
The automatic transmission market in APAC is to grow at a CAGR of 2.62% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the automatic transmission market in APAC for the period 2015-2019. The market size is calculated based on the production units of automatic transmission in APAC. The report presents five key vendors and a detailed analysis of these vendors.
According to the report, the economy of emerging countries such as China and India is growing at a faster pace compared to any counter developed countries. With increase in disposable income, financial flexibility, and improved purchasing power of consumers, demand for automatic transmission systems, especially in the replacement market, is also increasing rapidly.
Credit availability in the form of loans (for instance, flexi loans) has made it convenient for consumers to opt for replacement of a transmission without much of a burden. In addition, with the improvement in infrastructure and increased government initiatives, to boost automotive production, OEMs have shifted their focus toward production of automotives in APAC. This region is expected to be the fastest growing segment in terms of automotive production. The new automotive developed by the OEMs, mostly the passenger cars and LCV segments, have automatic transmission already installed.
Further, the report states that high cost of automatic transmission systems is one of the major challenges in the market.
– Aisin Seiki
– Delphi Automotive
– Oerlikon Graziano
– ZF Friedrichshafen
Other Prominent Vendors
– Allison Transmission Holdings
– Fiat Powertrain Technologies
– GETRAG Getriebe- und Zahnradfabrik Hermann Hagenmeyer
– Hilite International
– Magna International
– NSK Global
For more information visit http://www.researchandmarkets.com/research/xqwbw7/automotive
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Sector: Automotive Parts