According to Goldstein Research, global automotive transmission market is expected to reach USD 190.1 billion by 2024, growing at a CAGR of 5.6% over the forecast period 2016-2024. The innovative technologies to adhere with the carbon emission norms and environmental concerns are primarily driving the market. Global automotive transmission market segmentation has been done on the basis of product type, vehicle type and geography. Automatic transmissions accounted for largest market share of about 45%, followed by hybrid transmission on the back of rising adoption of hybrid vehicles. Global automotive transmission market is largely driven by Asia-Pacific and closely followed by Europe market share. Europe accounts for top automobile manufacturers and have stringent regulation towards the environment and carbon emission. Latin America countries are also developing and seem to be opportunistic market for the growth of automotive transmission market backed by the increasing automobi...