Market Overview:
The global truck transmission market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles and rising awareness about fuel-efficient transmissions. The market is segmented on the basis of type, application, and region. On the basis of type, six-speed transmissions held a major share in 2017 and are expected to continue its dominance during the forecast period. However, eight-speed transmissions are projected to grow at a higher CAGR owing to their fuel efficiency and better performance as compared with six-speed transmissions.
Product Definition:
A truck transmission is a device that transfers power from the engine to the wheels of a truck. It is an important part of a truck because it enables the vehicle to move.
Six-speed:
The six-speed is a manual transmission type that has been used in passenger cars, luxury vehicles, and commercial vehicles. The six-speed is considered as one of the efficient manual transmission types for both heavy trucks and light trucks. It offers better fuel economy along with improved performance over five and four-speed automatic transmissions.
Eight-speed:
The eight-speed is a type of gearbox used in automatic transmission systems. It has been gaining popularity due to its ability to provide better fuel economy and performance as compared to seven-speed and six-speed gearboxes. The eight-speed can be considered as an intermediate gear, which provides higher fuel efficiency with lower engine speeds than the six or seven speed but at the cost of increased noise level.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The growth can be attributed to the growing demand for trucks with large payloads and long distances covered between destinations. The household application segment is expected to witness significant growth owing to increasing consumer disposable income, which will result in an increase in the number of households transporting goods by road vehicles, thus requiring a larger number of trucks with transmissions suitable for such applications including eight-speed and nine-speed automatic transmissions.
The Asia Pacific region is projected to exhibit a CAGR exceeding 6% from 2018 to 2030 on account of favorable government policies promoting industrial development coupled with high urbanization rates resulting in an increased need for vehicles that can carry heavy loads over long distances at relatively low cost as compared to other regions globally.
Regional Analysis:
The Asia Pacific region dominated the global truck transmission market in 2017. The growth is attributed to increasing demand from developing countries such as India and China. In addition, rising investments by multinational companies for manufacturing vehicles in this region is expected to drive the regional market over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to growing automotive industry coupled with favorable government regulations regarding fuel emissions and safety standards of drivers and passengers. Moreover, presence of major vehicle manufacturers including Daimler AG; Mercedes-Benz AG; BMW Group; Volkswagen Group (Audi, Porsche, Lamborghini); Fiat Chrysler Automobiles N.V.; Ford Motor Company Europe S.p.A.; Renault SAE; Nissan Motor Corporation etc.
In North America, UAW-Ford representation has reached an agreement with FCA US LLC on a new three-year contract that will run through 2019 under which they would work together toward achieving greater prosperity.
Growth Factors:
- Increasing demand for commercial vehicles: The global truck transmission market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for commercial vehicles from various end-use industries such as logistics, transportation, and manufacturing.
- Technological advancements: The truck transmission market is witnessing technological advancements in terms of design and performance with the introduction of new products and services by key players operating in this market. This is likely to boost the growth of this market during the forecast period.
- Rising disposable income: The rising disposable income across developing countries has led to an increase in purchasing power, which is subsequently fueling the growth of the truck transmission market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Transmission Market Research Report
By Type
Six-speed, Eight-speed, Nine-speed, Ten-speed, Twelve-speed, Sixteen-speed
By Application
Household, Commmercial
By Companies
Eaton, Tremec, Aisin Seiki Co. Ltd., Allison, American Axle & Manufacturing Inc., Magna International Inc., ZF Friedrichshafen AG, Qijiang Gear Transmission, Eaton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Truck Transmission Market Report Segments:
The global Truck Transmission market is segmented on the basis of:
Types
Six-speed, Eight-speed, Nine-speed, Ten-speed, Twelve-speed, Sixteen-speed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commmercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- Tremec
- Aisin Seiki Co. Ltd.
- Allison
- American Axle & Manufacturing Inc.
- Magna International Inc.
- ZF Friedrichshafen AG
- Qijiang Gear Transmission
- Eaton
Highlights of The Truck Transmission Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Six-speed
- Eight-speed
- Nine-speed
- Ten-speed
- Twelve-speed
- Sixteen-speed
- By Application:
- Household
- Commmercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Truck Transmission Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A truck transmission is a type of automatic transmission used in trucks. It allows the truck to move forwards or backwards, and to turn left or right.
Some of the major companies in the truck transmission market are Eaton, Tremec, Aisin Seiki Co. Ltd., Allison, American Axle & Manufacturing Inc., Magna International Inc., ZF Friedrichshafen AG, Qijiang Gear Transmission, Eaton.
The truck transmission market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Truck Transmission Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Truck Transmission Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck Transmission Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Truck Transmission Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Truck Transmission Market Size & Forecast, 2018-2028
4.5.1 Truck Transmission Market Size and Y-o-Y Growth
4.5.2 Truck Transmission Market Absolute $ Opportunity
Chapter 5 Global Truck Transmission Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Truck Transmission Market Size Forecast by Type
5.2.1 Six-speed
5.2.2 Eight-speed
5.2.3 Nine-speed
5.2.4 Ten-speed
5.2.5 Twelve-speed
5.2.6 Sixteen-speed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Truck Transmission Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Truck Transmission Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commmercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck Transmission Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Truck Transmission Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Truck Transmission Analysis and Forecast
9.1 Introduction
9.2 North America Truck Transmission Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Truck Transmission Market Size Forecast by Type
9.6.1 Six-speed
9.6.2 Eight-speed
9.6.3 Nine-speed
9.6.4 Ten-speed
9.6.5 Twelve-speed
9.6.6 Sixteen-speed
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Truck Transmission Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commmercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Truck Transmission Analysis and Forecast
10.1 Introduction
10.2 Europe Truck Transmission Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Truck Transmission Market Size Forecast by Type
10.6.1 Six-speed
10.6.2 Eight-speed
10.6.3 Nine-speed
10.6.4 Ten-speed
10.6.5 Twelve-speed
10.6.6 Sixteen-speed
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Truck Transmission Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commmercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Truck Transmission Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck Transmission Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Truck Transmission Market Size Forecast by Type
11.6.1 Six-speed
11.6.2 Eight-speed
11.6.3 Nine-speed
11.6.4 Ten-speed
11.6.5 Twelve-speed
11.6.6 Sixteen-speed
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Truck Transmission Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commmercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Truck Transmission Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck Transmission Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Truck Transmission Market Size Forecast by Type
12.6.1 Six-speed
12.6.2 Eight-speed
12.6.3 Nine-speed
12.6.4 Ten-speed
12.6.5 Twelve-speed
12.6.6 Sixteen-speed
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Truck Transmission Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commmercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Truck Transmission Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck Transmission Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Truck Transmission Market Size Forecast by Type
13.6.1 Six-speed
13.6.2 Eight-speed
13.6.3 Nine-speed
13.6.4 Ten-speed
13.6.5 Twelve-speed
13.6.6 Sixteen-speed
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Truck Transmission Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commmercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Truck Transmission Market: Competitive Dashboard
14.2 Global Truck Transmission Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 Tremec
14.3.3 Aisin Seiki Co. Ltd.
14.3.4 Allison
14.3.5 American Axle & Manufacturing Inc.
14.3.6 Magna International Inc.
14.3.7 ZF Friedrichshafen AG
14.3.8 Qijiang Gear Transmission
14.3.9 Eaton
