The automotive industry is one of the most competitive sectors in the world. A large number of players in this sector from across the globe compete with one another to gain a major chunk of the overall market share. While customers in the automotive industry demand smoother, faster, and more comfortable vehicles, the players also face immense pressure from regulatory bodies to make vehicles more fuel efficient and reduce harmful emissions. This puts automotive companies in a dilemma on how to strike a balance between the requirements of both the parties. Continual investment in automotive transmission to optimize vehicle performance, reduce power losses, and to reduce emissions can help companies solve this problem. An automotive transmission system is an integral element in a vehicle’s powertrain. It transfers the power generated by the engine to the wheels of the vehicle and optimizes the power flow through the required gear ratios. Currently, there are five major types of transmission systems used in automobiles, namely – Manual, Automatic, Continuously Variable Transmission (CVT) Automated Manual Transmission (AMT), and Dual Clutch Transmission (DCT). (Source: Global Automotive Transmission System Procurement Market Intelligence Report). According to this procurement report, the following are the top companies in the global automotive transmission market
Aisin SeikiÂ
The company, popularly referred to as Aisin, was founded in the year 1965 and is headquartered in Japan. The company has a workforce of over 1,20,000 employees. Toyota Group is the parent company of Aisin Seiki. The company manufactures and sells automotive transmission systems, automotive parts, and also energy and wellness related products. Aisin was the first automotive transmission and components manufacturer to establish a comprehensive quality testing facility that also included a dedicated driving test course.
EatonÂ
Eaten is basically a power management company that is headquartered in Dublin, Ireland. The company aims to provide energy-efficient solutions to their customers which would help manage electrical, mechanical, and hydraulic power in a sustainable, safe, and efficient manner. The company approximately employs 96,000 employees and sells products to customers in over 175 countries. Eaton also specializes in the manufacture of world-class automotive transmission systems. They offer fleets the unique ability to handpick the right automotive transmission to suit their needs.
ContinentalÂ
Continental AG, commonly referred to as continental, is one of the top German automotive manufacturing companies. The company’s expertise lies in manufacturing interior electronics, tires, brake systems, powertrain and chassis components, and other parts for the automotive industry. Headquartered in Hanover, Germany, they employ over 2,00,000 people. In 2017, the operating profit of the company was recorded to be $5.14 billion.
Magna InternationalÂ
Canada based company – Magna International is the largest automotive parts manufacturer in North America by sales of original equipment parts. The company is also one of Canada’s largest companies. The automotive parts manufactured by Magna are primarily supplied to top companies such as Ford Motor Company, General Motors, Chrysler LLC, Tesla Motors, Volkswagen, BMW, and Toyota.
The procurement market intelligence reports from SpendEdge offer insights into the automotive transmission market and sheds light on the major cost and volume drivers and procurement best practices to save costs.
