Automotive Transmission Market: IC Engines Share at 72.94% in 2025 as Global Market Value is Set to Reach USD 209.72 Billion by 2031 says a 2026 Mordor Intelligence Report [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
at USD 163.39 billion in 2026, is projected to reach USD 209.72 billion by 2031, growing at a 5.12% CAGR. This growth is driven by the shift from manual gearboxes to software-defined, electrified drivetrains, with stricter fuel economy regulations in the U.S., EU, and China. While automatic transmissions remain dominant, dual-clutch systems are gaining traction for their fast shifts and fuel efficiency. Although passenger cars still lead, the shift to electric drivetrains is accelerating in light commercial vehicles, particularly among e-commerce fleets adapting automated manual transmissions to address driver shortages. Key Trends Shaping the Construction Equipment Market Stricter International Emissions and Fuel Efficiency Standards: Regulations worldwide are pushing automakers to adopt more efficient and advanced transmission systems. In the U.S., new fuel economy standards are encouraging multi-speed automatics to optimize engine performance. Europe's stricter emission limits
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