Global Automated Manual Transmission (AMT) Market Size, Share & Trends Report by Type (4-speed, 6-Speed, and 8-Speed) and by Application (Passenger Vehicles and Commercial Vehicles) Forecast (2022-2028)

The global automated manual transmission (AMT) market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The rise in the production of passenger and commercial vehicles coupled with government incentives is anticipated to drive the growth of the global automated manual transmission (AMT) market. As per the data published by India Brand Equity Foundation (IBEF) in 2022, India has sold 3.49 million units in passenger and commercial vehicle categories. In October 2021, the total production volume of passenger vehicles reached 2,214,745 units. The luxury car market had registered sales between 28000-33000 units in 2021, up from 20000-21000 units sold in 2020. Moreover, the automotive industry attracted foreign direct investment worth $30.51 billion between April 2000 and June 2021 accounting for 5.5% of the total FDI during the period according to the data released by the Department of Promotion of Industry and Internal Trade (DPIIT). Also, in September 2021, the Indian Government issued a notification regarding a PLI scheme for automobile and auto components worth $3.49 billion. Further, the Government of India projects the automobile sector to attract $8-10 billion in local and foreign investment by 2023.

The presence of major players in the market is anticipated to drive the growth of the market. For instance, Tata Motors had expanded the Tiago range with the launch of new sporty trim, Tiago NRG. The Tiago NRG is powered by a 1.2-liter petrol powertrain which comes mated with a five-speed manual and automated manual transmission (AMT). Further, in 2021 the company had sold approximately 3.5 lakhs units of Tiago in the domestic market. In July 2019, Mahindra & Mahindra Ltd launched an innovative Automated Manual Transmission (AMT) version of its compact SUV, the XUV300. This AMT is equipped with auto-shift technology, engineered by Italian automotive experts Marelli. The XUV300 auto-shift technology offers segment-leading torque of 300 Nm, while its 1.5l turbo diesel engine with an electronic variable geometry turbocharger delivers 85.8KW of power, optimizing the automatic gearshifts for quick acceleration and maneuvers. Thus, the presence of major players coupled with their benchmarking technologies is anticipated to fuel the demand for the global automated manual transmission (AMT) market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Detroit Diesel Corp., Volvo Group, and Allison Transmission, Inc. among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automated Manual Transmission (AMT) Market Report by Segment

By Type

• 4-speed
• 6-Speed
• 8-Speed

By Application

• Passenger Vehicles
• Commercial Vehicles

Global Automated Manual Transmission (AMT) Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa