Market research & Consulting- NewAge

  The   Global Passenger Car Automatic Transmission Market   has experienced a remarkable transformation in recent years, shaped by changing consumer preferences, technological advancements, regulatory mandates, and the ongoing evolution of the automotive landscape. According to TechSci Research,   the market stood at USD 68.8 billion in 2022 and is projected to expand at a CAGR of 6.9% during the forecast period from 2024 to 2028. The increasing popularity of automatic transmissions in passenger cars is driven by a global shift toward driving comfort, fuel efficiency, and integration with emerging technologies such as electric vehicles (EVs) and autonomous systems. Introduction Automatic transmissions, once seen as a luxury, have become a standard in many vehicle segments, primarily due to their ease of operation and growing consumer preference for comfort and convenience. As cities grow more congested and consumers seek hassle-free driving experiences, especially i...

  According to TechSci Research report, “ Passenger Car Automatic Transmission Market –  Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the   Global Passenger Car Automatic Transmission Market   stood at USD 68.8 billion in 2022 and is anticipated to grow with a CAGR of 6.9% in the forecast period, 2024-2028. The Global Passenger Car Automatic Transmission Market has undergone significant transformations and witnessed notable developments in recent years. Automatic transmissions, characterized by their ease of use and smooth driving experience, have gained substantial traction, with consumers increasingly preferring them over manual alternatives. This shift in consumer preference is driven by the desire for convenience, particularly in congested urban areas, where automatic transmissions provide a more effortless driving experience. Another crucial factor shaping this market is the tightening of fuel efficiency and emission...