Market Overview:
The global truck transmission system 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, especially in emerging economies such as China and India. Additionally, the increasing focus on fuel efficiency and emissions reduction is also driving the demand for advanced truck transmission systems. The global truck transmission system market can be segmented on the basis of type into automated transmission systems and manual transmission systems.
Product Definition:
A truck transmission system is a mechanism that transfers power from the engine to the wheels of a motor vehicle, allowing it to move. The importance of a truck transmission system is that it allows the vehicle to move and transport cargo.
Automated Transmission Systems:
Automated transmission systems are a set of tools and techniques that assist the driver to effectively manage vehicle power. It helps in improving fuel efficiency, enhancing engine performance and minimizing manual efforts. Automated transmission systems have been designed to operate within the constraints of current emission norms and also provide flexibility for future technologies.
Manual Transmission Systems:
Manual transmission systems are also known as manual gearbox or stick shift. It is a type of drivetrain that uses multiple gears to get the power from engine to drive wheels. There are no fancy names for this transmission type, it is just called manual because it's original and most basic form. The system has few advantages such as low cost of maintenance, less fuel consumption, easy shifting and driving experience etc.
Application Insights:
The light-duty trucks application segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth on account of increasing demand for commercial vehicles in developing countries such as India, China and Brazil. In addition, factors such as growing urbanization and rising disposable income are anticipated to augment the product demand over the forecast period.
Medium-duty trucks application is projected to grow at a CAGR of XX% from 2018 to 2030 owing to an increase in mining activities across major economies including U.S., Canada and Australia among others which require medium-duty trucks with high durability features for transportation purposes only without any intention of carrying cargo or passengers on board these vehicles thus augmenting market growth globally over the coming years.
Heavy duty trucks application segment was estimated at USD 15 billion in 2017 owing to its primary use within developed regions including North America.
Regional Analysis:
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing demand for trucks in countries such as China, India, and Japan. The growing manufacturing sector in these economies coupled with rising investments in public transportation infrastructure is expected to drive the regional market growth. Furthermore, favorable government regulations aimed at promoting fuel efficiency are projected to further propel industry expansion.
Europe accounted for a major revenue share of over 30% of the global market share and is expected maintain its dominance throughout the forecast period owing to stringent emission norms laid down by governments across Europe. In addition, technological advancements pertaining to improved engine performance are likely boost industry penetration rates across this region during the same period. North America also held a considerable revenue share within the global market space and was followed by Latin America due primarily heavy-duty truck production bases located along Central & South American nations such as Brazil (Porto Seguro) and Argentina (Granville).
Growth Factors:
- Increasing demand for commercial vehicles: The global truck transmission system 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 system market is witnessing technological advancements in terms of design and performance with the aim of improving fuel efficiency and reducing emissions. This is likely to boost the growth of this market in the coming years.
- Stringent emission norms: Stringent emission norms across different countries are compelling Original Equipment Manufacturers (OEMs) to adopt advanced truck transmission systems that help reduce emissions from commercial vehicles significantly. This is anticipated to propel the growth of this market in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Transmission System Market Research Report
By Type
Automated Transmission Systems, Manual Transmission Systems
By Application
Light-Duty Trucks, Medium-Duty Trucks, Heavy-Duty Trucks
By Companies
Aisin Seiki Co. Ltd., Allison Transmission Inc., American Axle & Manufacturing Inc., Eaton, Magna International Inc., ZF Friedrichshafen AG
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Truck Transmission System Market Report Segments:
The global Truck Transmission System market is segmented on the basis of:
Types
Automated Transmission Systems, Manual Transmission Systems
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
Light-Duty Trucks, Medium-Duty Trucks, Heavy-Duty Trucks
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:
- Aisin Seiki Co. Ltd.
- Allison Transmission Inc.
- American Axle & Manufacturing Inc.
- Eaton
- Magna International Inc.
- ZF Friedrichshafen AG
Highlights of The Truck Transmission System 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:
- Automated Transmission Systems
- Manual Transmission Systems
- By Application:
- Light-Duty Trucks
- Medium-Duty Trucks
- Heavy-Duty Trucks
- 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 System 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.
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- Correctly Positioning New Products
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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 system is a series of gears and pulleys that allow a truck to move from one place to another. The system includes the engine, the transmission, and the drivetrain.
Some of the major companies in the truck transmission system market are Aisin Seiki Co. Ltd., Allison Transmission Inc., American Axle & Manufacturing Inc., Eaton, Magna International Inc., ZF Friedrichshafen AG.
The truck transmission system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Truck Transmission System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Truck Transmission System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Truck Transmission System Market - Supply Chain
4.5. Global Truck Transmission System Market Forecast
4.5.1. Truck Transmission System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Truck Transmission System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Truck Transmission System Market Absolute $ Opportunity
5. Global Truck Transmission System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Truck Transmission System Market Size and Volume Forecast by Type
5.3.1. Automated Transmission Systems
5.3.2. Manual Transmission Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Truck Transmission System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Truck Transmission System Market Size and Volume Forecast by Application
6.3.1. Light-Duty Trucks
6.3.2. Medium-Duty Trucks
6.3.3. Heavy-Duty Trucks
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Truck Transmission System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Truck Transmission System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Truck Transmission System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Truck Transmission System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Truck Transmission System Demand Share Forecast, 2019-2026
9. North America Truck Transmission System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Truck Transmission System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Truck Transmission System Market Size and Volume Forecast by Application
9.4.1. Light-Duty Trucks
9.4.2. Medium-Duty Trucks
9.4.3. Heavy-Duty Trucks
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Truck Transmission System Market Size and Volume Forecast by Type
9.7.1. Automated Transmission Systems
9.7.2. Manual Transmission Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Truck Transmission System Demand Share Forecast, 2019-2026
10. Latin America Truck Transmission System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Truck Transmission System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Truck Transmission System Market Size and Volume Forecast by Application
10.4.1. Light-Duty Trucks
10.4.2. Medium-Duty Trucks
10.4.3. Heavy-Duty Trucks
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Truck Transmission System Market Size and Volume Forecast by Type
10.7.1. Automated Transmission Systems
10.7.2. Manual Transmission Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Truck Transmission System Demand Share Forecast, 2019-2026
11. Europe Truck Transmission System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Truck Transmission System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Truck Transmission System Market Size and Volume Forecast by Application
11.4.1. Light-Duty Trucks
11.4.2. Medium-Duty Trucks
11.4.3. Heavy-Duty Trucks
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Truck Transmission System Market Size and Volume Forecast by Type
11.7.1. Automated Transmission Systems
11.7.2. Manual Transmission Systems
11.8. Basis Point Share (BPS) Analyis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Truck Transmission System Demand Share, 2019-2026
12. Asia Pacific Truck Transmission System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Truck Transmission System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Truck Transmission System Market Size and Volume Forecast by Application
12.4.1. Light-Duty Trucks
12.4.2. Medium-Duty Trucks
12.4.3. Heavy-Duty Trucks
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Truck Transmission System Market Size and Volume Forecast by Type
12.7.1. Automated Transmission Systems
12.7.2. Manual Transmission Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Truck Transmission System Demand Share, 2019-2026
13. Middle East & Africa Truck Transmission System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Truck Transmission System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Truck Transmission System Market Size and Volume Forecast by Application
13.4.1. Light-Duty Trucks
13.4.2. Medium-Duty Trucks
13.4.3. Heavy-Duty Trucks
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Truck Transmission System Market Size and Volume Forecast by Type
13.7.1. Automated Transmission Systems
13.7.2. Manual Transmission Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Truck Transmission System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Truck Transmission System Market: Market Share Analysis
14.2. Truck Transmission System Distributors and Customers
14.3. Truck Transmission System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aisin Seiki Co. Ltd.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Allison Transmission Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. American Axle & Manufacturing Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eaton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Magna International Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ZF Friedrichshafen AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
