NEW YORK, June 29, 2022 /PRNewswire/ — The commercial vehicle transmission market estimates a market value of USD 5.73 million from 2020 to 2025 as per the latest market report by Technavio In addition, the report projects the market to progress at a CAGR of 4.78%. 41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the global commercial vehicle transmission market in North America. Market growth in this region will be slower than the growth of the market in regions.The increasing adoption of AMT in medium- and heavy-duty trucks will facilitate the global commercial vehicle transmission market growth in North America over the forecast period
Commercial Vehicle Transmission Market: Segmentation Analysis
This market research report segments the commercial vehicle transmission market by Type (automatic transmission, manual transmission, and automated manual transmission) and Geographic (North America, APAC, Europe, South America, and MEA).
Revenue Generating Segment: The global commercial vehicle transmission market share growth in the automatic transmission segment will be significant for revenue generation. The high adoption of automatic transmission systems is witnessed in North America as SUVs are considered light-duty trucks in this region. Almost all SUVs are equipped with an automatic transmission system. Therefore, more than 85% of light-duty vehicles sold in North America, mainly in the US, are equipped with automatic transmission. Low fuel prices and increasing traffic congestion are the major factors that are driving the adoption of automatic transmission in North America. Such factors will increase the market focus during the forecast period.
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Commercial Vehicle Transmission Market: Drivers
The increasing adoption of AMT in medium- and heavy-duty trucks is one of the key factors driving the growth of the global commercial vehicle transmission market.
The use of AMT in heavy-duty vehicles offers fuel economy benefits, which results in reduced vehicular emission levels. However, MT is still dominant in medium- and heavy-duty trucks in developing economies in APAC due to the high price sensitivity in the region. In addition, poor road infrastructure in certain APAC countries makes the use of AMT or AT in heavy-duty vehicles unfeasible. Therefore, the penetration of AMT is still lesser in APAC when compared with other regions.
European and North American countries are the major contributors to the adoption of AMT/AT in medium- and heavy-duty trucks. In addition to new companies, existing manufacturers, such as Volvo and Daimler, have reported an increase in the adoption of AMT in trucks. Such increasing adoption of AMT in medium- and heavy-duty trucks has positively impacted the global commercial vehicle transmission market. Moreover, the increasing adoption of AMT in medium- and heavy-duty trucks is expected to drive the global commercial vehicle transmission market, in terms of revenue, during the forecast period.
Commercial Vehicle Transmission Market: Challenges
The fluctuating cost of raw materials is a major challenge for the global commercial vehicle transmission market growth. Raw materials play a significant role in the pricing of commercial vehicle transmission.
The major raw materials that are used in commercial vehicle transmission are steel, hardened steel, cast iron, and aluminum. Fluctuations in the cost of raw materials are directly correlated to the price of transmissions, which are manufactured across the world. The cost of these raw materials keeps fluctuating based on various macroeconomic factors such as inflation, labor cost, and regulatory policy changes. Such factors of supply-demand imbalance are expected to keep the cost of raw materials volatile during the forecast period.
Fluctuations in the cost of raw materials make manufacturing industries, including commercial vehicle transmission manufacturers, uncertain about their raw material procurement plans. This is expected to be a challenge for the growth of the global commercial vehicle transmission market during the forecast period.
Get ready to achieve excellent business outcomes from this exclusive Commercial Vehicle Transmission Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –
What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
What is the current trend taking place in the market space?
Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
What are market drivers, restraints, and challenges impacting demand & growth of the market?
Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the Commercial Vehicle Transmission Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Commercial Vehicle Transmission Market Forecast Report – Buy Now!
Related Reports:
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Commercial Vehicle Transmission Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.78% |
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Market growth 2021-2025 |
USD 5.73 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.13 |
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Performing market contribution |
North America at 41% |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Aisin Corp, Allison Transmission Holdings Inc., BorgWarner Inc., Daimler AG, Dana Inc., Eaton Corporation Plc, Grupo KUO SAB de CV, Magna International Inc., Ricardo Plc, and ZF Friedrichshafen AG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content:
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market characteristics
Exhibit 02: Market characteristics
2.3 Value chain analysis
Exhibit 03: Automotive components and accessories market
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 06: Global – Market size and forecast 2020 – 2025 (million units)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Type
5.1 Market segments
Exhibit 15: Type – Market share 2020-2025 (%)
5.2 Comparison by Type
Exhibit 16: Comparison by Type
5.3 Automatic transmission – Market size and forecast 2020-2025
Exhibit 17: Automatic transmission – Market size and forecast 2020-2025 (million units)
Exhibit 18: Automatic transmission – Year-over-year growth 2020-2025 (%)
5.4 Manual transmission – Market size and forecast 2020-2025
Exhibit 19: Manual transmission – Market size and forecast 2020-2025 (million units)
Exhibit 20: Manual transmission – Year-over-year growth 2020-2025 (%)
5.5 Automated manual transmission – Market size and forecast 2020-2025
Exhibit 21: Automated manual transmission – Market size and forecast 2020-2025 (million units)
Exhibit 22: Automated manual transmission – Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Type
Exhibit 23: Market opportunity by Type
6 Customer landscape
6.1 Customer landscape
Exhibit 24: Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 25: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 26: Geographic comparison
7.3 North America – Market size and forecast 2020-2025
Exhibit 27: North America – Market size and forecast 2020-2025 (million units)
Exhibit 28: North America – Year-over-year growth 2020-2025 (%)
7.4 APAC – Market size and forecast 2020-2025
Exhibit 29: APAC – Market size and forecast 2020-2025 (million units)
Exhibit 30: APAC – Year-over-year growth 2020-2025 (%)
7.5 Europe – Market size and forecast 2020-2025
Exhibit 31: Europe – Market size and forecast 2020-2025 (million units)
Exhibit 32: Europe – Year-over-year growth 2020-2025 (%)
7.6 South America – Market size and forecast 2020-2025
Exhibit 33: South America – Market size and forecast 2020-2025 (million units)
Exhibit 34: South America – Year-over-year growth 2020-2025 (%)
7.7 MEA – Market size and forecast 2020-2025
Exhibit 35: MEA – Market size and forecast 2020-2025 (million units)
Exhibit 36: MEA – Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 37: Key leading countries
7.9 Market opportunity by geography
Exhibit 38: Market opportunity by geography (million units)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
Exhibit 39: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
9.1 Vendor landscape
Exhibit 40: Vendor landscape
9.2 Landscape disruption
Exhibit 41: Landscape disruption
Exhibit 42: Industry risks
9.3 Competitive scenario
10 Vendor Analysis
10.1 Vendors covered
Exhibit 43: Vendors covered
10.2 Market positioning of vendors
Exhibit 44: Market positioning of vendors
10.3 Aisin Corp
Exhibit 45: Aisin Corp – Overview
Exhibit 46: Aisin Corp – Business segments
Exhibit 47: Aisin Corp – Key offerings
Exhibit 48: Aisin Corp – Segment focus
10.4 Allison Transmission Holdings Inc.
Exhibit 49: Allison Transmission Holdings Inc. – Overview
Exhibit 50: Allison Transmission Holdings Inc. – Business segments
Exhibit 51: Allison Transmission Holdings Inc. – Key news
Exhibit 52: Allison Transmission Holdings Inc. – Key offerings
Exhibit 53: Allison Transmission Holdings Inc. – Segment focus
10.5 BorgWarner Inc.
Exhibit 54: BorgWarner Inc. – Overview
Exhibit 55: BorgWarner Inc. – Business segments
Exhibit 56: BorgWarner Inc. – Key news
Exhibit 57: BorgWarner Inc. – Key offerings
Exhibit 58: BorgWarner Inc. – Segment focus
10.6 Daimler AG
Exhibit 59: Daimler AG – Overview
Exhibit 60: Daimler AG – Business segments
Exhibit 61: Daimler AG – Key offerings
Exhibit 62: Daimler AG – Segment focus
10.7 Dana Inc.
Exhibit 63: Dana Inc. – Overview
Exhibit 64: Dana Inc. – Business segments
Exhibit 65: Dana Inc. – Key news
Exhibit 66: Dana Inc. – Key offerings
Exhibit 67: Dana Inc. – Segment focus
10.8 Eaton Corporation Plc
Exhibit 68: Eaton Corporation Plc – Overview
Exhibit 69: Eaton Corporation Plc – Business segments
Exhibit 70: Eaton Corporation Plc – Key offerings
Exhibit 71: Eaton Corporation Plc – Segment focus
10.9 Grupo KUO SAB de CV
Exhibit 72: Grupo KUO SAB de CV – Overview
Exhibit 73: Grupo KUO SAB de CV – Business segments
Exhibit 74: Grupo KUO SAB de CV – Key offerings
Exhibit 75: Grupo KUO SAB de CV – Segment focus
10.10 Magna International Inc.
Exhibit 76: Magna International Inc. – Overview
Exhibit 77: Magna International Inc. – Business segments
Exhibit 78: Magna International Inc. – Key news
Exhibit 79: Magna International Inc. – Key offerings
Exhibit 80: Magna International Inc. – Segment focus
10.11 Ricardo Plc
Exhibit 81: Ricardo Plc – Overview
Exhibit 82: Ricardo Plc – Business segments
Exhibit 83: Ricardo Plc – Key news
Exhibit 84: Ricardo Plc – Key offerings
Exhibit 85: Ricardo Plc – Segment focus
10.12 ZF Friedrichshafen AG
Exhibit 86: ZF Friedrichshafen AG – Overview
Exhibit 87: ZF Friedrichshafen AG – Business segments
Exhibit 88: ZF Friedrichshafen AG – Key offerings
Exhibit 89: ZF Friedrichshafen AG – Segment focus
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 90: Currency conversion rates for US$
11.3 Research methodology
Exhibit 91: Research Methodology
Exhibit 92: Validation techniques employed for market sizing
Exhibit 93: Information sources
11.4 List of abbreviations
Exhibit 94: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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