Commercial Vehicle Transmission Market Size to Grow by USD 5.73 million | North America to Notice Maximum Growth | Technavio
NEW YORK, June 1, 2022 /PRNewswire/ -- The commercial vehicle transmission market will be driven by factors such as the increasing adoption of AMT in medium- and heavy-duty trucks. The use of AMT in heavy-duty vehicles offers fuel economy benefits, which reduces vehicular emission levels. European and North American countries are the major adopters of AMT/AT in medium- and heavy-duty trucks. Manufacturers such as Volvo and Daimler are increasingly adopting AMT in trucks.
The global commercial vehicle transmission market size is expected to grow by USD 5.73 million from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 4.78% during the forecast period. This report segments the market into type (automatic transmission, manual transmission, and automated manual transmission) and geography (North America, APAC, Europe, South America, and MEA).
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Commercial Vehicle Transmission Market: Trend
The emergence of 3D printing in truck components is one of the key trends in the market. 3D printing is used in rapid prototyping and AM. In AM, objects of any shape or geometry are produced using digital model data from a 3D model or electronic data sources such as an additive manufacturing file (AMF). AM builds a 3D object from a computer-aided design (CAD) model or AMF file by successively adding material layer by layer.
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Commercial Vehicle Transmission Market: Segmentation by Type
The automatic transmission segment will have significant market share growth during the forecast period. There is high adoption of automatic transmission systems in North America, as SUVs are considered light-duty trucks in this region. Low fuel prices and increasing traffic congestion are the major reasons that are driving the adoption of automatic transmission in North America.
Commercial Vehicle Transmission Market: Segmentation by Geography
North America will have significant market share growth during the forecast period. The increasing adoption of AMT in medium- and heavy-duty trucks will drive the global commercial vehicle transmission market growth in North America during the forecast period. Market growth in this region will be slower than the growth of the market in regions. The US and Canada are the key countries for the global commercial vehicle transmission market in North America.
Commercial Vehicle Transmission Market: Major Vendors
Aisin Corp - The company offers commercial vehicle transmission such as 1-motor hybrid transmission, High Torque Capacity RWD Multi Stage Hybrid Transmission, and others.
Allison Transmission Holdings Inc. - The company offers fully automatic transmissions to school bus drivers and fleets who know the importance of safety on the road with technologies such as Continuous Power Technology, Prognostics, Shift Energy Management, and FuelSense 2.0.
BorgWarner Inc. - The company offers commercial vehicle transmission such as DualTronic Clutch System, One-Way Clutches (OWC), and others.
Daimler AG - The company offers first automatic transmission developed in-house by Mercedes-Benz, that combines smooth gear-shifting with efficiency.
Dana Inc. - The company offers commercial vehicle transmission such as Hydrostatic Transmissions, Hydrodynamic Powershift Transmissions, And Hydromechanical Variable Transmissions (Hvt).
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Global Commercial Vehicle Transmission Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 4.78% |
Market growth 2021-2025 | USD 5.73 million |
Market structure | Fragmented |
YoY growth (%) | 4.13 |
Regional analysis | North America, APAC, Europe, South America, and MEA |
Performing market contribution | North America at 41% |
Key consumer countries | US, China, Mexico, Japan, and Canada |
Competitive landscape | Leading companies, Competitive strategies, Consumer engagement scope |
Key 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 |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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 Contents
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
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