Truck Transmission System Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

Published: Mar 2022 Pages: 120 SKU: IRTNTR72838

The truck transmission system market share is expected to increase by 6484.46 thousand units from 2021 to 2026, at a CAGR of 7.24%.

This truck transmission system 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 truck transmission system market segmentations by volume (light-duty trucks and medium and heavy-duty trucks) and geography (North America, APAC, Europe, South America, and MEA). The truck transmission system market report also offers information on several market vendors, including Aisin Corp., Allison Transmission Holdings Inc., American Axle and Manufacturing Inc., BorgWarner Inc., Eaton Corp. Plc, Grupo KUO SAB de CV, Magna International Inc., thyssenkrupp AG, Voith GmbH and Co. KGaA, and ZF Friedrichshafen AG among others.

What will the Truck Transmission System Market Size be During the Forecast Period?

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Truck Transmission System Market: Key Drivers, Trends, and Challenges

The increase in sales of pickup trucks is notably driving the truck transmission system market growth, although factors such as advanced transmission system design leading to vehicle malfunction and recalls may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the truck transmission system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Truck Transmission System Market Driver

The increase in sales of pickup trucks is one of the key drivers supporting the truck transmission system market growth. The reopening of the economy, improving customer sentiments, stimulus checks, and tax refunds contribute to increased demand. The average price of a used pickup truck is now hovering around $19,094 compared to $12,548 last year. But things might be better if you want a used car instead. There is so much demand for used vehicles, especially full-size pickup trucks. Moreover, some buyers are traveling hundreds of miles to get what they want, regardless of the price. Two factors tied to the coronavirus pandemic are driving the trend. Therefore, the growing sales of pickup trucks will drive the global truck transmission system market.

Key Truck Transmission System Market Trend

The increased use of high-speed transmission in trucks is one key trends contributing to the truck transmission system market growth. The prominent Tier-1 suppliers are launching the latest available products and technologies for tracking applications. For instance, ZF Friedrichshafen AG has announced introduced an 8-speed automatic transmission for use in commercial vehicles in 2020. The new advanced automatic transmission is designed for use in Class 5 to Class 8 trucks, weighing up to 57,000 lbs. This advanced automatic transmission system, also known as powerline automatic transmission, is lighter, quieter, and offers superior performance compared with conventional 6-speed transmissions. Apart from trucks, this new 8-speed automatic transmission can be used in buses, recreational vehicles (RV), and other commercial vehicles. Such factors are increasing the demand for high-speed transmission in trucks and thereby, driving the market growth.

Key Truck Transmission System Market Challenge

Advanced transmission system design leading to vehicle malfunction and recalls is one of the factors hindering the truck transmission system market growth. For instance, Daimler AG's Navistar brand has recalled nearly 21,000 trucks equipped with a faulty transmission. This faulty transmission led to the failure of an internal component in the clutch assembly, leading to vehicle instability while moving. The recall affected nine different international truck models. Such recalls raise not only concerns over the reliability of the transmission system but also pressurize different stakeholders operating in the value chain to undertake liability-sharing to share the cost burden. This is because the average cost of automated manual transmission falls in the range of $2,500 to $4,000 for the automaker. As they are expensive, their maintenance and repair costs are also higher, which can incur additional costs. Such additional costs are hindering market growth.

This truck transmission system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the truck transmission system market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the truck transmission system market during the forecast period.

Who are the Major Truck Transmission System Market Vendors?

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

 

  • Aisin Corp.
  • Allison Transmission Holdings Inc.
  • American Axle and Manufacturing Inc.
  • BorgWarner Inc.
  • Eaton Corp. Plc
  • Grupo KUO SAB de CV
  • Magna International Inc.
  • thyssenkrupp AG
  • Voith GmbH and Co. KGaA
  • ZF Friedrichshafen AG

 

This statistical study of the truck transmission system market encompasses successful business strategies deployed by the key vendors. The truck transmission system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aisin Corp. - The company offers truck transmission system such as high torque capacity RWD multi stage hybrid transmission, high torque capacity RWD 10-speed automatic transmission, direct shift CVT.
  • Allison Transmission Holdings Inc. - The company offers truck transmission system such as eGen Power.
  • American Axle and Manufacturing Inc. - The company offers truck transmission system such as transmission shafts.

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.

The truck transmission system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Truck Transmission System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the truck transmission system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Service
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Truck Transmission System Market?

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43% of the market's growth will originate from North America during the forecast period. The US is the key market for the truck transmission system market in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

Increased consumer preference for large utility vehicles will facilitate the truck transmission system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, due to COVID-19, regional governments have imposed lockdowns, social distancing norms, travel restrictions, and financial distress in North America. However, due to the vaccination drive government lifted the lockdown and travel restrictions in the region, there has been a rise in automobile production in the first half of 2021. Such instances are expected to foster the growth of the regional truck transmission system market in focus during the forecast period.

What are the Revenue-generating Volume Segments in the Truck Transmission System Market?

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The truck transmission system market share growth by the light-duty trucks segment will be significant during the forecast period.

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

 

Truck Transmission System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 7.24%

Market growth 2022-2026

6484.46 th units

Market structure

Fragmented

YoY growth (%)

8.37

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 43%

Key consumer countries

US, China, Mexico, Japan, and Thailand

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aisin Corp., Allison Transmission Holdings Inc., American Axle and Manufacturing Inc., BorgWarner Inc., Eaton Corp. Plc, Grupo KUO SAB de CV, Magna International Inc., thyssenkrupp AG, Voith GmbH and Co. KGaA, 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.

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What are the Key Data Covered in this Truck Transmission System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive truck transmission system market growth during the next five years
  • Precise estimation of the truck transmission system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the truck transmission system 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 truck transmission system market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

                **1.1 Market Overview

                                *Exhibit 01:  Key Finding 1

                                *Exhibit 02:  Key Finding 2

                                *Exhibit 03:  Key Finding 3

                                *Exhibit 04:  Key Finding 5

                                *Exhibit 05:  Key Finding 6

                                *Exhibit 06:  Key Finding 7

                                *Exhibit 07:  Key Finding 8

***2. Market Landscape                             

                **2.1 Market ecosystem             

                                *Exhibit 08  Parent market

                                *Exhibit 09:  Market characteristics

                **2.2 Value Chain Analysis          

                                *Exhibit 10:  Value Chain Analysis: Auto parts and equipment

                                *2.2.1 Inputs

                                *2.2.2 Inbound logistics

                                *2.2.3 Operations:

                                *2.2.4 Distribution and logistics

                                *2.2.5 Marketing and sales

                                *2.2.6 Service

                                *2.2.7 Industry innovations

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 11 : Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 12:  Market segments

                **3.3 Market size 2021 

                **3.4 Market outlook: Forecast for 2021 - 2026 

                                *Exhibit 13:  Global - Market size and forecast 2021 - 2026 (thousand units)

                                *Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 15:  Five forces analysis 2021 - 2026

                **4.2 Bargaining power of buyers           

                                *Exhibit 16: Bargaining power of the buyer

                **4.3 Bargaining power of suppliers       

                                *Exhibit 17: Bargaining power of the supplier

                **4.4 Threat of new entrants    

                                *Exhibit 18: Threat of new entrants

                **4.5 Threat of substitutes         

                                *Exhibit 19: Threat of substitutes

                **4.6 Threat of rivalry   

                                *Exhibit 20: Threat of rivalry

                **4.7 Market condition

                                *Exhibit 21: Market condition - Five forces 2021

***5. Market Segmentation by Application by Volume                

                **5.1 Market segments

                                *The segments covered in this chapter are:

  • Light-duty trucks
  • Medium and heavy-duty trucks

                                *Exhibit 22:  Application by Volume - Market share 2021-2026 (%)

                **5.2 Comparison by Application by Volume      

                                *Exhibit 23:  Comparison by Application by Volume

                **5.3 Light-duty trucks - Market size and forecast 2021-2026 (thousand units)    

                                *Exhibit 24:  Light-duty trucks - Market size and forecast 2021-2026 (thousand units)

                                *Exhibit 25:  Light-duty trucks - Year-over-year growth 2021-2026 (%)

                **5.4 Medium and heavy-duty trucks - Market size and forecast 2021-2026 (thousand units)       

                                *Exhibit 26:  Medium and heavy-duty trucks - Market size and forecast 2021-2026 (thousand units)

                                *Exhibit 27:  Medium and heavy-duty trucks - Year-over-year growth 2021-2026 (%)

                **5.5 Market opportunity by Application by volume       

                                *Exhibit 28:  Market opportunity by Application by volume

***6. Customer landscape                         

                                *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                **6.1 Overview

                                *Exhibit 29:  Customer landscape

***7. Geographic Landscape                     

                **7.1 Geographic segmentation

                                *The regions covered in the report are:

  • North America
  • APAC
  • Europe
  • South America
  • MEA

                                *Exhibit 30:  Market share by geography 2021-2026 (%)

                **7.2 Geographic comparison   

                                *Exhibit 31:  Geographic comparison

                **7.3 North America - Market size and forecast 2021-2026           

                                *Exhibit 32:  North America - Market size and forecast 2021-2026 (thousand units)

                                *Exhibit 33:  North America - Year-over-year growth 2021-2026 (%)

                **7.4 APAC - Market size and forecast 2021-2026              

                                *Exhibit 34:  APAC - Market size and forecast 2021-2026 (thousand units)

                                *Exhibit 35:  APAC - Year-over-year growth 2021-2026 (%)

                **7.5 Europe - Market size and forecast 2021-2026          

                                *Exhibit 36:  Europe - Market size and forecast 2021-2026 (thousand units)

                                *Exhibit 37:  Europe - Year-over-year growth 2021-2026 (%)

                **7.6 South America - Market size and forecast 2021-2026           

                                *Exhibit 38:  South America - Market size and forecast 2021-2026 (thousand units)

                                *Exhibit 39:  South America - Year-over-year growth 2021-2026 (%)

                **7.7 MEA - Market size and forecast 2021-2026               

                                *Exhibit 40:  MEA - Market size and forecast 2021-2026 (thousand units)

                                *Exhibit 41:  MEA - Year-over-year growth 2021-2026 (%)

                **7.8 Key leading countries        

                                *Exhibit 42:  Key leading countries

                **7.9 Market opportunity by geography

                                *Exhibit 43:  Market opportunity by geography (thousand units)

***8. Drivers, Challenges, and Trends                   

                **8.1 Market drivers     

                                *8.1.1 Increase in sales of pickup trucks

                                *8.1.2 Growing penetration rate of the automatic transmission system

                                *8.1.3 Increased use of aluminum in the truck transmission system

                **8.2 Market challenges              

                                *8.2.1 Advanced transmission system design leading to vehicle malfunction and recalls

                                *8.2.2 Challenges associated with the design of transmission systems

                                *8.2.3 Growing demand and sales of all-electric vehicles

                                *Exhibit 44:  Impact of drivers and challenges

                **8.3 Market trends      

                                *8.3.1 Increased use of high-speed transmission in trucks

                                *8.3.2 Rising adoption of all-electric powertrains

                                *8.3.3 Emergence of the triple-clutch transmission system

***9. Vendor Landscape                             

                **9.1 Overview

                                *Exhibit 45:  Vendor landscape

                **9.2 Landscape disruption        

                                *Exhibit 46:  Landscape disruption

                                *Exhibit 47: Industry Risk

                **9.3 Competitive Scenario        

***10. Vendor Analysis               

                **10.1 Vendors covered              

                                *Exhibit 48: Vendors covered

                **10.2 Market positioning of vendors    

                                *Exhibit 49: ?Market positioning of vendors?

                **10.3 Aisin Corp.           

                                *Exhibit 50:  Aisin Corp. - Overview

                                *Exhibit 51:  Aisin Corp. - Business segments

                                *Exhibit 52:  Aisin Corp. - Key news

                                *Exhibit 53:  Aisin Corp. - Key offerings

                                *Exhibit 54:  Aisin Corp. - Segment focus

                **10.4 Allison Transmission Holdings Inc.             

                                *Exhibit 55:  Allison Transmission Holdings Inc.  - Overview

                                *Exhibit 56:  Allison Transmission Holdings Inc.  - Business segments

                                *Exhibit 57:  Allison Transmission Holdings Inc.  - Key news

                                *Exhibit 58:  Allison Transmission Holdings Inc.  - Key offerings

                                *Exhibit 59:  Allison Transmission Holdings Inc.  - Segment focus

                **10.5 American Axle and Manufacturing Inc.    

                                *Exhibit 60:  American Axle and Manufacturing Inc. - Overview

                                *Exhibit 61:  American Axle and Manufacturing Inc. - Business segments

                                *Exhibit 62:  American Axle and Manufacturing Inc.  - Key news

                                *Exhibit 63:  American Axle and Manufacturing Inc. - Key offerings

                                *Exhibit 64:  American Axle and Manufacturing Inc. - Segment focus

                **10.6 BorgWarner Inc.

                                *Exhibit 65:  BorgWarner Inc. - Overview

                                *Exhibit 66:  BorgWarner Inc. - Business segments

                                *Exhibit 67:  BorgWarner Inc. - Key news

                                *Exhibit 68:  BorgWarner Inc. - Key offerings

                                *Exhibit 69:  BorgWarner Inc. - Segment focus

                **10.7 Eaton Corp. Plc  

                                *Exhibit 70:  Eaton Corp. Plc - Overview

                                *Exhibit 71:  Eaton Corp. Plc - Business segments

                                *Exhibit 72:  Eaton Corp. Plc - Key news

                                *Exhibit 73:  Eaton Corp. Plc - Key offerings

                                *Exhibit 74:  Eaton Corp. Plc - Segment focus

                **10.8 Grupo KUO SAB de CV    

                                *Exhibit 75:  Grupo KUO SAB de CV - Overview

                                *Exhibit 76:  Grupo KUO SAB de CV - Business segments

                                *Exhibit 77:  Grupo KUO SAB de CV - Key offerings

                                *Exhibit 78:  Grupo KUO SAB de CV - Segment focus

                **10.9 Magna International Inc.

                                *Exhibit 79:  Magna International Inc. - Overview

                                *Exhibit 80:  Magna International Inc. - Business segments

                                *Exhibit 81:  Magna International Inc. - Key news

                                *Exhibit 82:  Magna International Inc. - Key offerings

                                *Exhibit 83:  Magna International Inc. - Segment focus

                **10.10 thyssenkrupp AG           

                                *Exhibit 84:  thyssenkrupp AG - Overview

                                *Exhibit 85:  thyssenkrupp AG - Business segments

                                *Exhibit 86:  thyssenkrupp AG - Key news

                                *Exhibit 87:  thyssenkrupp AG - Key offerings

                                *Exhibit 88:  thyssenkrupp AG - Segment focus

                **10.11 Voith GmbH and Co. KGaA         

                                *Exhibit 89:  Voith GmbH and Co. KGaA - Overview

                                *Exhibit 90:  Voith GmbH and Co. KGaA - Product and service

                                *Exhibit 91:  Voith GmbH and Co. KGaA - Key news

                                *Exhibit 92:  Voith GmbH and Co. KGaA - Key offerings

                **10.12 ZF Friedrichshafen AG 

                                *Exhibit 93:  ZF Friedrichshafen AG - Overview

                                *Exhibit 94:  ZF Friedrichshafen AG - Business segments

                                *Exhibit 95:  ZF Friedrichshafen AG - Key news

                                *Exhibit 96:  ZF Friedrichshafen AG - Key offerings

                                *Exhibit 97:  ZF Friedrichshafen AG - Segment focus

***11. Appendix

                **11.1 Scope of the report         

                                *11.1.1 ????Market definition

                                *11.1.2 ????Objectives

                                *11.1.3 ????Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 98: ?Currency conversion rates for US$?

                **11.3 Research Methodology 

                                *Exhibit 99: ?Research Methodology

                                *Exhibit 100: ??Validation techniques employed for market sizing?

                                *Exhibit 101: ??Information sources

                **11.4 List of abbreviations        

                                *Exhibit 102: 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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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