Enterprises will go through the Response, Recovery, and Renew phases.
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The automotive automatic transmission (AT) market will witness a Negative impact during the forecast period, owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior.
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds.
- Pre- as well as post-COVID-19 market estimates.
- Quarterly impact analysis and updates on market estimates.
Major Three Automotive Automatic Transmission (AT) Market Participants:
Aisin Seiki Co. Ltd.
Aisin Seiki Co. Ltd. operates business through various segments such as AISIN Seiki Group, AISIN Takaoka Group, AISIN AW Group, and ADVICS Group. The company offers automatic transmission for both passenger and commercial vehicles.
BorgWarner Inc.
BorgWarner Inc. operates business through various segments such as Engine and Drivetrain. The company offers automatic transmission clutch components and systems.
Grupo KUO SAB de CV
Grupo KUO SAB de CV operates business through various segments such as Consumer, Chemical, and Automotive. The company offers transmission systems such as passenger vehicle transmission, light-duty truck transmissions, Medium and Heavy-Duty Truck Transmissions, Specialty Drives, and others through its subsidiary Grupo Kuo SAB de CV.
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Automotive Automatic Transmission (AT) Market 2021-2025: Segmentation
The automotive automatic transmission (AT) market is segmented as below:
- Type
- Geography
- APAC
- Europe
- North America
- South America
- MEA
The automotive automatic transmission (AT) market is driven by technological developments in AT leading to fuel-efficient engines. In addition, the advanced electronics in the Tiptronic transmission system allowing quicker gear changes and reducing idle speed is expected to trigger the automotive automatic transmission (AT) market toward witnessing a CAGR of over 6% during the forecast period.
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