Product Code: 16740
The Global Passenger Car Transmission Market will grow from USD 101.84 Billion in 2025 to USD 157.87 Billion by 2031 at a 7.58% CAGR. A passenger car transmission is a mechanical assembly that transfers power from the engine to the wheels to regulate speed and torque for optimal vehicle performance.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 101.84 Billion |
| Market Size 2031 | USD 157.87 Billion |
| CAGR 2026-2031 | 7.58% |
| Fastest Growing Segment | Automatic |
| Largest Market | Asia Pacific |
Key Market Drivers
The accelerating integration of advanced transmissions in electric and hybrid vehicles is fundamentally reshaping the technological landscape of the sector. As the global automotive industry transitions away from internal combustion engines, manufacturers are rapidly developing specialized transmission systems, such as single-speed reduction gears for battery electric vehicles and dedicated hybrid transmissions. This technological pivot ensures that transmission units can effectively manage the instant torque and specific efficiency requirements of electrified powertrains, creating a new revenue stream for component suppliers.
Key Market Challenges
The substantial cost associated with developing advanced transmission technologies for electric and hybrid vehicles creates a significant barrier to the expansion of the global market. Engineering these complex systems requires heavy capital investment, which inevitably inflates the final price of vehicles and limits their accessibility to budget-conscious consumers. This financial burden is further aggravated by supply chain volatility regarding critical electronic components, creating logistical bottlenecks that delay production and increase overheads.
Key Market Trends
The standardization of electronic shift-by-wire mechanisms is rapidly emerging as a transformative trend, fundamentally altering vehicle interior architecture and control interfaces. By replacing traditional mechanical linkages with electronic signals, this technology eliminates bulky center console gear levers, thereby freeing up cabin space and allowing for more flexible, ergonomic interior designs. Furthermore, shift-by-wire is a critical enabler for the integration of advanced driver-assistance systems (ADAS), as it allows the vehicle's computing unit to electronically control gear engagement for features such as automated parking and autonomous cruising.
Key Market Players
- Aisin Corporation
- Allison Transmission, Inc.
- BorgWarner Inc.
- Continental AG
- The Mercedes-Benz Group AG.
- PHINIA Inc.
- Eaton Corporation PLC
- FPT Industrial S.P.A
- JATCO Ltd
- Magna International Inc.
Report Scope:
In this report, the Global Passenger Car Transmission Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Passenger Car Transmission Market, By Vehicle Type:
- Sedan
- Hatchback
- SUVs & MPVs and others
Passenger Car Transmission Market, By Fuel Type:
Passenger Car Transmission Market, By Transmission Type:
Passenger Car Transmission Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Transmission Market.
Available Customizations:
Global Passenger Car Transmission Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Passenger Car Transmission Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type (Sedan, Hatchback, SUVs & MPVs and others)
- 5.2.2. By Fuel Type (Diesel, Petrol and Others)
- 5.2.3. By Transmission Type (Manual, Automatic)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
- 5.3. Market Map
6. North America Passenger Car Transmission Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type
- 6.2.2. By Fuel Type
- 6.2.3. By Transmission Type
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Passenger Car Transmission Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Vehicle Type
- 6.3.1.2.2. By Fuel Type
- 6.3.1.2.3. By Transmission Type
- 6.3.2. Canada Passenger Car Transmission Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Vehicle Type
- 6.3.2.2.2. By Fuel Type
- 6.3.2.2.3. By Transmission Type
- 6.3.3. Mexico Passenger Car Transmission Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Vehicle Type
- 6.3.3.2.2. By Fuel Type
- 6.3.3.2.3. By Transmission Type
7. Europe Passenger Car Transmission Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Fuel Type
- 7.2.3. By Transmission Type
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Passenger Car Transmission Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Vehicle Type
- 7.3.1.2.2. By Fuel Type
- 7.3.1.2.3. By Transmission Type
- 7.3.2. France Passenger Car Transmission Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Vehicle Type
- 7.3.2.2.2. By Fuel Type
- 7.3.2.2.3. By Transmission Type
- 7.3.3. United Kingdom Passenger Car Transmission Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Vehicle Type
- 7.3.3.2.2. By Fuel Type
- 7.3.3.2.3. By Transmission Type
- 7.3.4. Italy Passenger Car Transmission Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Vehicle Type
- 7.3.4.2.2. By Fuel Type
- 7.3.4.2.3. By Transmission Type
- 7.3.5. Spain Passenger Car Transmission Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Vehicle Type
- 7.3.5.2.2. By Fuel Type
- 7.3.5.2.3. By Transmission Type
8. Asia Pacific Passenger Car Transmission Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Fuel Type
- 8.2.3. By Transmission Type
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Passenger Car Transmission Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Vehicle Type
- 8.3.1.2.2. By Fuel Type
- 8.3.1.2.3. By Transmission Type
- 8.3.2. India Passenger Car Transmission Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Vehicle Type
- 8.3.2.2.2. By Fuel Type
- 8.3.2.2.3. By Transmission Type
- 8.3.3. Japan Passenger Car Transmission Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Vehicle Type
- 8.3.3.2.2. By Fuel Type
- 8.3.3.2.3. By Transmission Type
- 8.3.4. South Korea Passenger Car Transmission Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Vehicle Type
- 8.3.4.2.2. By Fuel Type
- 8.3.4.2.3. By Transmission Type
- 8.3.5. Australia Passenger Car Transmission Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Vehicle Type
- 8.3.5.2.2. By Fuel Type
- 8.3.5.2.3. By Transmission Type
9. Middle East & Africa Passenger Car Transmission Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Fuel Type
- 9.2.3. By Transmission Type
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Passenger Car Transmission Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Vehicle Type
- 9.3.1.2.2. By Fuel Type
- 9.3.1.2.3. By Transmission Type
- 9.3.2. UAE Passenger Car Transmission Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Vehicle Type
- 9.3.2.2.2. By Fuel Type
- 9.3.2.2.3. By Transmission Type
- 9.3.3. South Africa Passenger Car Transmission Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Vehicle Type
- 9.3.3.2.2. By Fuel Type
- 9.3.3.2.3. By Transmission Type
10. South America Passenger Car Transmission Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Fuel Type
- 10.2.3. By Transmission Type
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Passenger Car Transmission Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Vehicle Type
- 10.3.1.2.2. By Fuel Type
- 10.3.1.2.3. By Transmission Type
- 10.3.2. Colombia Passenger Car Transmission Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Vehicle Type
- 10.3.2.2.2. By Fuel Type
- 10.3.2.2.3. By Transmission Type
- 10.3.3. Argentina Passenger Car Transmission Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Vehicle Type
- 10.3.3.2.2. By Fuel Type
- 10.3.3.2.3. By Transmission Type
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Passenger Car Transmission Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Aisin Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Allison Transmission, Inc.
- 15.3. BorgWarner Inc.
- 15.4. Continental AG
- 15.5. The Mercedes-Benz Group AG.
- 15.6. PHINIA Inc.
- 15.7. Eaton Corporation PLC
- 15.8. FPT Industrial S.P.A
- 15.9. JATCO Ltd
- 15.10. Magna International Inc.
16. Strategic Recommendations
17. About Us & Disclaimer