NEW YORK, Oct. 23, 2023 /PRNewswire/ — The transmission sales market is estimated to grow by USD 6.90 billion from 2022 to 2027, growing at a CAGR of 6.82%. The transmission sales market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer transmission sales market are AAMCO Transmissions Inc., Allison Transmission Holdings Inc., Bauer Comp Holding GmbH, Bayerische Motoren Werke AG, BorgWarner Inc., Caterpillar Inc., Cottman Transmission and Total Auto Care, Cummins Inc., Lee Myles Autocare and Transmission, Mister Transmission International, Prysmian Spa, RPG Enterprises, Schaeffler AG, Bridgestone Corp., Continental AG, General Electric Co., Ingersoll Rand Inc., Mitsubishi Heavy Industries Ltd., NV Bekaert SA, and Siemens AG. The report provides a full list of key companies, their strategies, and the latest developments. Download FREE Sample before buying
Technavio has announced its latest market research report titled Global Transmission Sales Market
Company Offering:
AMCO Transmissions Inc. – The company offers transmission sales and related solutions such as AAMCO Reseal Service for automatic transmission and Transmission rebuild services.
Allison Transmission Holdings Inc – The company offers transmission sales such as eGen Power, a series of fully integrated electric axles.
BorgWarner Inc. – The company offers transmission sales such as Powertrain and Driveline Products for automated transmissions.
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By Geography, the market is classified as Europe, North America, APAC, South America, and Middle East and Africa.
Europe is estimated to contribute 37% to the growth of the global market during the forecast period. In the region, a few pipeline projects are planned to come into operation. For example, through existing pipelines, gas is planned to be imported from Turkey into the European countries of Greece and Bulgaria. Similarly, natural gas from Azerbaijan to Europe via Turkey will be supplied by the TransNapalian Natural Gas Pipeline.
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Impactful driver- Developments in cross-border and cross-country pipeline infrastructure
Key Trend – Technological advances in pipeline inspection
Major Challenges – Increased application in harsh environmental conditions
Market Segmentation
By Type, the market is classified into reciprocating, rotatory, centrifugal, and axial flow. The market share growth by the reciprocating segment will be significant during the forecast period. Reciprocating engines are also called piston engines and work on the to-and-fro motion. The piston initiates its reciprocating motion through the pressure generated by the combustion of the fuel mixture. In addition, the increased demand for fuel-efficient vehicles has led to a growing awareness of safety among customers, leading to an increase in demand for reciprocating engines.
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Transmission Sales Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.82% |
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YoY growth 2022-2023 (%) |
6.58 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Key countries |
US, China, Japan, Germany, and France |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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SOURCE Technavio