Commercial Vehicle Transmission Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44612
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The commercial vehicle transmission market has the potential to grow by 5.73 million units during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.78%.

This commercial vehicle transmission market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (automatic transmission, manual transmission, and automated manual transmission) and geography (North America, APAC, Europe, South America, and MEA). The commercial vehicle transmission market report also offers information on several market vendors, including 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 among others.

What will the Commercial Vehicle Transmission Market Size be in 2021?

Commercial-Vehicle-Transmission-Market-Market-Size-2020-2025

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Commercial Vehicle Transmission Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing adoption of AMT in medium- and heavy-duty trucks is notably driving the commercial vehicle transmission market growth, although factors such as fluctuating cost of raw materials may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the commercial vehicle transmission market industry get your FREE report sample now.

  • Increasing adoption of AMT in medium- and heavy-duty trucks is a key driver boosting the growth of the commercial vehicle transmission market.
  • The global commercial vehicles market is witnessing a rapid transformation toward the adoption of technological improvements in the transmission system.
  • The rising adoption of advanced transmission systems, especially AMT, in medium- and heavy-duty trucks is expected to drive the global commercial vehicle transmission market during the forecast period.
  • The increasing need for reducing fatigue during long-distance driving of heavy-duty trucks is compelling several fleet management companies to shift from MT to AMT.
  • Fuel efficiency is one of the major concerns of fleet management companies, especially in Europe and APAC. The use of AMT in heavy-duty vehicles offers fuel economy benefits, which results in reduced vehicular emission levels.
  • Rising adoption of electric commercial vehicles is another important driver augmenting the growth of the commercial vehicle transmission market.
  • Vehicle manufacturers are very keen on working toward improving the reliability and adoption of electric vehicles.
  • Electric commercial vehicles require more power to be effective for hauling cargo. With the growth in battery technologies to cater to the power and performance needs of electric commercial vehicles, the adoption has started rising across the regions.
  • Vehicle manufacturers, government bodies, and electric vehicle solution providers, such as battery manufacturers, have been continuously working on improving the feasibility and affordability of electric vehicles. Such initiatives are expected to positively impact the adoption of electric commercial vehicles, mainly electric trucks. This will further help in the growth of the commercial vehicle transmission market.

This commercial vehicle transmission market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Commercial Vehicle Transmission Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • ZF Friedrichshafen AG

 

The commercial vehicle transmission market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the commercial vehicle transmission market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Commercial Vehicle Transmission Market?

Commercial-Vehicle-Transmission-Market-Market-Share-by-Region-2020-2025

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41% of the market’s growth will originate from North America during the forecast period. The US, Mexico, and Canada are the key markets for commercial vehicle transmission market in North America. Market growth in this region will be slower than the growth of the market in other regions.

Low fuel prices and increasing traffic congestion will facilitate the commercial vehicle transmission market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Commercial Vehicle Transmission Market?

Commercial-Vehicle-Transmission-Market-Market-Share-by-Type-2020-2025

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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. Europe, the Middle East, and South America also have a significant contribution to the adoption of automatic transmission in commercial vehicles. Also, commercial vehicle manufacturers are highly focusing on the expansion of their product lineup with automatic transmission.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial vehicle transmission market size.

 

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What are the Key Factors Covered in this Commercial Vehicle Transmission Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive commercial vehicle transmission market growth during the next five years
  • Precise estimation of the commercial vehicle transmission market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial vehicle transmission industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial vehicle transmission market vendors

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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 5%

Market growth 2021-2025

5.73 mn units

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

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 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.

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Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Automatic transmission - Market size and forecast 2020-2025
  • Manual transmission - Market size and forecast 2020-2025
  • Automated manual transmission - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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
  • ZF Friedrichshafen AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The commercial vehicle transmission market growth will increase by $0.36 million units during 2019-2024.
The commercial vehicle transmission market is expected to grow at a CAGR of 0.29% during 2019-2024.
Technavio has segmented the commercial vehicle transmission market by type volume (Automatic transmission, Manual transmission, and Automated manual transmission) and geographic (North America, APAC, Europe, South America, and MEA).
Aisin Seiki Co. Ltd., Allison Transmission Holdings Inc., BorgWarner Inc., Daimler AG, Dana Inc., Eaton Corporation Plc, Grupo KUO SAB de CV, Magna International Inc., Ricardo Plc, ZF Friedrichshafen AG are a few of the key vendors in the commercial vehicle transmission market.
APAC will register the highest growth rate of 52.78% among the other regions. Therefore, the commercial vehicle transmission market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Mexico
  • Canada
  • Japan
  • Thailand
  • India
  • France
The key factors driving the commercial vehicle transmission market growth are:
  • Increasing adoption of AMT in medium- and heavy-duty trucks
The commercial vehicle transmission market vendors should focus on grabbing business opportunities from the automatic transmission segment as it accounted for the largest market share in the base year.
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