Global Automotive Transmission Market approximated 90 million units in 2014, up 2.8% from a year earlier, and is expected to maintain a low growth rate of around 3% over the next couple years. As a large auto maker and market in the world, China’s demand for automotive transmission approached 24 million units in 2014, accounting for 26% of the global total, and is expected to keep a 6.7% growth rate over the next few years, with the country’s share of the global total rising to 32% in 2018.
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No matter around the world or in China, manual transmission is still a major market force, and is expected to still hold dominant position in 2018. In automatic transmission field, AT makes up the largest chunk, and has presented two trends in recent years: evolution to continuously variable transmission (CVT) and dual-clutch transmission (DCT), gradual increase in the number of gears. In Europe, seven-gear AT is evolving to eight/nine-gear AT; in the United States, AT is evolving to CVT that is mainly installed in small cars; in Japan where CVT prevails, mini passenger vehicles, small passenger vehicles, and a variety of ordinary FF models all take advantage of overhaul of auto models or engine change as an opportunity to adopt CVT. In China, the way AT is heading is multiple gears, as the AT deployed in passenger vehicle moves toward six gears or even more.
Aisin, the world’s largest transmission producer, provides four categories of products- MT, AT, AMT, and CVT, and occupied a market share of over 10% in 2014. More than 60% of transmissions produced by Aisin are supplied to Toyota. The company has twelve production bases around the world, four of which are located in China, separately in Tianjin (two), Suzhou (one), and Tangshan (1), with total capacity of 1.37 million units, including 770,000 units automatic transmissions, with products mostly supplied to FAW Toyota and FAW Car.
JATCO is the world’s largest supplier of CVT, and at the same time produces both AT and hybrid transmission. The company produces 5.3 million units of automatic transmissions annually, making up 10% of automatic transmission market. The products are mostly supplied to several shareholders including Nissan, Mitsubishi and Suzuki, as well as global companies like Renault and GM. JATCO’s production base in China is located in Guangzhou city, with annual capacity of 1 million units, serving primarily Dongfeng Nissan.
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