Commercial Vehicle Transmission Market
Commercial Vehicle Transmission Market Analysis, By Type (Manual, Automatic, Automated Manual), By Engine (IC Engines, Electric Engines), and By Region – Global Market Insights 2023 to 2033
Analysis of Commercial Vehicle Transmission Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
FREE CustomizationCommercial Vehicle Transmission Market Outlook (2023 to 2033)
The global commercial vehicle transmission market is valued at US$ 25.8 billion in 2023 and is forecasted to reach US$ 42.5 billion by 2033, expanding at a CAGR of 5.1% from 2023 to 2033.
A transmission device provides different gear or drive ratios between the engine and tires of an automobile with the primary objective of allowing the vehicle to accelerate quickly from a stop and retain engine efficiency across a wide speed range. Automotive transmission systems (AMT) provide powerful engine brakes and straightforward infinite gear control.
Standard transmission systems are the main parts of an automobile that affect fuel economy, and an AMT system is quite good at providing the driver with the right gear at the right time. A hydraulic system, a computer-controlled input shaft, a transmission pump, and other components make up a transmission system. automatic manual transmission (AMT) is often referred to as semi-automatic transmission (SAT) or clutch-less manual transmission (CMT).
Continuously variable transmission (CVT) offers unlimited gear ratios, improving driving comfort and maximizing fuel efficiency. One of the most recent developments in automatic automobiles is the clutchless manual transmission.
With the rising desire for a better driving experience regarding smoother gear shifting and more vehicle acceleration, the global market for commercial vehicle transmissions is predicted to expand significantly during the forecast period. The use of cutting-edge technologies and global sustainable economic development are a couple of the key drivers of market expansion. Also, it is projected that in the near future, demand for automatic transmissions will rise due to increased automobile manufacturing across the world.
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 24.5 Billion |
| Estimated Market Value (2023) | US$ 25.8 Billion |
| Forecasted Market Value (2033) | US$ 42.5 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.1% CAGR |
| China Market Growth Rate (2023 to 2023) | 7.7% CAGR |
| Companies Profiled | Aisin Seiki Co.; Allison Transmission, Inc.; Continental AG; Eaton Corporation; JATCO Ltd.; Knorr-Bremse AG; Mack Trucks, Inc.; Magna International, Inc.; Oerlikon Graziano SpA |
What are the Key Factors Driving Commercial Vehicle Transmission Market Growth?
“Rising Demand for Light Transmission Systems and Fuel-Efficient Vehicles”
Government rules for safety, carbon emissions, and lightweight automobiles have forced OEMs to utilize parts that will help reduce the vehicle's overall weight. Manufacturers are under constant pressure to lower the pollution emissions of vehicles.
Worldwide, especially people in industrialized countries, are more likely to choose new, fuel-efficient, environment-friendly vehicles with improved performance and lower pollution levels.
To further lower the weight of the vehicle, manufacturers are primarily working on lightening up different components, including transmission systems.
“Introduction of 3D Printing in Truck Components”
The expansion of the market will be fueled by the introduction of 3D printing in commercial truck transmissions. Additive manufacturing (AM), which functions similarly to a laser printer, is frequently called 3D printing. Yet, fast prototyping and AM both make use of 3D printing. The process involves printing successive layers directly on top of one another to create a solid item.
Using digital model data from a 3D model or electronic data sources, such as an additive manufacturing file, items of any shape or geometry can be manufactured with AM (AMF). As a result, unlike traditional machining, which removes material from stock, additive manufacturing (AM) constructs a 3D object from a computer-aided design (CAD) model or AMF file by adding material gradually layer by layer.
What Market Challenges Do Commercial Vehicle Transmission Manufacturers Face?
“High Cost and Convoluted Manufacturing Process”
Automatic transmission systems are typically expensive and have a complex production process. These systems, which are employed in automobiles, are adjusted in accordance with a vehicle’s platform and backed by numerous sensors due to expanding technical advancements.
These features raise the cost of these systems, which, in turn, is slowing down product acceptance and limiting the expansion of the market.
Variations in the prices of raw materials could reduce market competition. Although expensive, weight-reducing alloys and lightweight materials are crucial for the creation of effective and portable transmissions.
The high cost of raw materials, which results in the high cost of transmission systems, is one of the main obstacles facing manufacturers. This is primarily because, especially in emerging countries, more people chose cost-effective vehicles over performance.
Country-wise Insights
Why are Commercial Vehicle Transmission Manufacturers Eyeing India, Japan, and China?
“Increased Vehicle Production Capacity by Manufacturers”
Asia Pacific is projected to lead the global market during the forecast period. China is predicted to have a big impact on the expansion of the regional market. The market in China is predicted to expand at a CAGR of 7.7% over the forecast period.
Demand for vehicle transmission systems is anticipated to increase significantly over the next few years as a result of increased vehicle production in China, Japan, and India, and rising manufacturers' concentration on increasing their production capacity.
Which are the Opportunities in the United States Market?
“Stringent Emission Regulations and Presence of International Players”
North America is anticipated to be a key regional market with high prospects during the projected period. The market for automotive transmissions is expanding rapidly as a result of the increased demand for aftermarket transmission systems in the region. The presence of international automakers such as General Motors, Tesla, and Ford, all of whom are renowned for producing some of the most dependable vehicles, is a major factor driving the North American truck transmission market.
Rapidly increasing demand for automatic manual transmissions (AMT) is being witnessed in the United States. Market expansion is anticipated to be supported by technologically advanced manufacturing hubs in the country. The market in the United States is projected to expand at a healthy CAGR of 6% during the forecast period.
Both manual vehicle transmission and automotive automatic transmission production facilities are abundant in the country, which has resulted in the substantial penetration of these systems. The market has expanded in part because of the country's vast fleet of automobiles and strict emission laws.
- To meet the rising demand in North America, ZF announced in February 2021 a US$ 200 million investment in the production of commercial vehicle gearboxes. ZF started producing its PowerLine 8-speed automatic transmission in Gray Court, South Carolina, in 2023, adding 500 new jobs.
What is the Growth Outlook for the Market in Germany & Italy?
“Technological Advancements and Dual-Clutch Transmission Systems”
The adoption of cutting-edge technologies such as continuously variable transmissions and dual-clutch transmissions is particularly high in Germany. The country's emphasis on reducing emissions and fuel consumption has also influenced the adoption of these systems.
With several factories producing both manual and automatic vehicle transmissions, Germany and Italy are the two main markets for vehicle transmission systems in Europe. The market in Germany is expected to expand at a CAGR of 3.7% during the anticipated timeframe.
- A new 8-speed automatic transmission was created by German automatic transmission supplier ZF. The company's primary goal was to increase fuel efficiency through the use of lightweight technology.
Category-wise Insights
Which Type of Engine Will Account for Higher Deployment of Commercial Vehicle Transmission Systems?
“IC Engines to Lead Commercial Vehicle Transmission Market Growth”
Based on engine type, the market has been divided into IC engines and electric engines. Because there are more and more vehicles on the road with IC engines, it has become a dominant segment in the global market. As such, the internal combustion (IC) engine sector will rule the world market for commercial vehicle transmissions.
Internal combustion (IC) engines and hybrid electric vehicles are now paired together to increase fuel efficiency. To increase the variety of plug-in electric vehicles, these engines are also combined with plug-in hybrid electric powertrains. Over the coming years, these benefits should present lucrative growth prospects for the target market from the internal combustion engine industry.
Why is the Popularity of AMT So High?
“Rising Use of AMT in Commercial Vehicles and Heavy-Duty Vehicles”
The global market is dominated by automated manual transmissions due to the growing use of these systems in both light and large commercial vehicles.
Commercial vehicles use automated manual transmissions (AMTs) as a sort of drive-train technology to improve fuel economy and lower harmful emissions. It is an effective method of driving cars that combines electronic controls and variable valve timing to shift gears without a clutch. AMT systems are more effective than regular car transmission technologies since they are built for heavy-duty transmissions with long running times.
Competitive Landscape
Some of the key players in the commercial vehicle transmission market are Schaeffler AG, ZF Friedrichshafen AG, JATCO Ltd., Hyundai Transys Inc., and Magna International Inc. Transmission system producers are motivated to provide affordable resolutions without negotiating on the vehicle's efficiency.
Dealers are emphasizing globalization and developing products that comply with pollution standards. Because of this, manufacturers are concentrating on creating new technologies while dealers are collaborating with local partners to reduce manufacturing costs and provide the market with efficient technology.
New intelligent transmissions are being designed as an integration inside commercial vehicles, and WABCO is a component of that. By automated, optimized gear shifting, intelligent automation frees drivers from continual clutch and shift operations and provides additional advantages such as better fuel efficiency, longer component lifetimes, and higher safety.
- Dana revealed a brand-new electronic transmission and electronic clutch for off-road vehicles in February 2019.
- In May 2022, Magna started manufacturing a new 7-speed mild hybrid dual-clutch transversal transmission for the BMW Group. On the BMW Group platform, Magna is the exclusive provider of mild hybrid transmission for all front-transverse uses. Internal combustion engine CO2 emissions are greatly reduced by this moderate hybrid gearbox method.
Key Segments of Industry Research
-
By Type :
- Manual
- Automatic
- Automated Manual
-
By Engine :
- IC Engines
- Electric Engines
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type
- 9.1. Manual
- 9.2. Automatic
- 9.3. Automated Manual
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Engine
- 10.1. IC Engines
- 10.2. Electric Engines
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Aisin Seiki Co.
- 21.2. Allison Transmission, Inc.
- 21.3. Continental AG
- 21.4. Eaton Corporation
- 21.5. JATCO Ltd.
- 21.6. Knorr-Bremse AG
- 21.7. Mack Trucks, Inc.
- 21.8. Magna International, Inc.
- 21.9. Oerlikon Graziano SpA
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Engine
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Engine
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Engine
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Engine
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Engine
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Engine
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Engine
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Engine
List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Engine, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Engine, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Engine, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Type, 2023 (E)
Figure 18: North America Market Value Share, By Engine, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Engine, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Type, 2023 (E)
Figure 26: Latin America Market Value Share, By Engine, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Engine, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Type, 2023 (E)
Figure 34: Europe Market Value Share, By Engine, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Engine, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Type, 2023 (E)
Figure 42: South Asia Market Value Share, By Engine, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Engine, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Type, 2023 (E)
Figure 50: East Asia Market Value Share, By Engine, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Engine, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Type, 2023 (E)
Figure 58: Oceania Market Value Share, By Engine, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Engine, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Engine, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Engine, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Engine, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Type, 2023 (E)
Figure 78: Canada Market Value Share, By Engine, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Type, 2023 (E)
Figure 81: Mexico Market Value Share, By Engine, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Type, 2023 (E)
Figure 84: Brazil Market Value Share, By Engine, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Engine, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Type, 2023 (E)
Figure 90: Germany Market Value Share, By Engine, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Type, 2023 (E)
Figure 93: France Market Value Share, By Engine, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Type, 2023 (E)
Figure 96: Italy Market Value Share, By Engine, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Type, 2023 (E)
Figure 99: Spain Market Value Share, By Engine, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Type, 2023 (E)
Figure 102: Russia Market Value Share, By Engine, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Type, 2023 (E)
Figure 105: China Market Value Share, By Engine, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Type, 2023 (E)
Figure 108: Japan Market Value Share, By Engine, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Type, 2023 (E)
Figure 111: South Korea Market Value Share, By Engine, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Type, 2023 (E)
Figure 114: India Market Value Share, By Engine, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By Engine, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Type, 2023 (E)
Figure 120: Australia Market Value Share, By Engine, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By Engine, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Engine, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Type, 2023 (E)
Figure 129: Turkey Market Value Share, By Engine, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Type, 2023 (E)
Figure 132: South Africa Market Value Share, By Engine, 2023 (E)
- FAQs -
What is the size of the commercial vehicle transmission market?
The global commercial vehicle transmission market is valued at US$ 25.7 billion in 2023.
What is the expected CAGR for the market over the decade?
Global demand for commercial vehicle transmission systems is expected to rise at a CAGR of 5.1% from 2023 to 2033.
What is the estimated market size for commercial vehicle transmissions by 2033?
The market for commercial vehicle transmissions is anticipated to reach US$ 42.5 billion by 2033.
What is the anticipated CAGR for manual transmission systems?
Demand for manual transmission systems is expected to increase at 3.4% CAGR through 2033.
Who are the leading manufacturers of commercial vehicle transmission systems?
Aisin Seiki Co., Allison Transmission, Inc., Continental AG, Eaton Corporation, JATCO Ltd., Knorr-Bremse AG, Mack Trucks, Inc., Magna International, Inc., Oerlikon Graziano SpA are key companies in the commercial vehicle transmission market.
Commercial Vehicle Transmission Market