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Off-Highway Equipment Transmission Components Market, North America and Europe, 2024–2030

Publisher Frost & Sullivan
Published Sep 18, 2025
SKU # MC20417004

Description

The construction and agricultural equipment market is expected to experience moderate growth in the North American market and moderate-to-strong growth in the European market until 2030. Investments in residential, urban, and transportation infrastructure will drive sales of compact construction equipment, while the consolidation of farms (both in North America and Europe) will drive demand for higher HP tractors. Though wheeled undercarriage systems dominate the market, tracked units are expected to grow at a compound annual growth rate (CAGR, 2024-2030) of 4.2% and 3.2% in the North American and European off-highway equipment transmission components markets, respectively. Operator or end-customer requirements for compact equipment in a wide range of operations, such as utility, industrial, agriculture, and landscaping and green spaces, will drive the demand for auxiliary systems. The growing need for multiple attachment types in compact equipment will drive the demand for hydraulic units for auxiliary systems.

Supply chain challenges, evolving customer behavior, and ongoing trade wars will influence existing as well as new partnerships between OEMs and transmission component suppliers.

This research focuses on the unit demand for key transmission components and also analyzes the competitive landscape. In addition, the study highlights key partnerships and trends influencing the market and forecasts demand for 2030.

Table of Contents

    • Scope of Analysis
    • Off-Highway Equipment Segmentation
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8TM
    • The Impact of the Top 3 Strategic Imperatives on the Off-Highway Equipment Transmission Components Industry
    • Economic Environment-North America
    • Economic Environment-Europe
    • Construction Industry-North America
    • Construction Industry-Europe
    • Construction Industry Definitions-North America
    • Construction Industry Definitions-Europe
    • Agriculture Acreage in North America
    • Profile of Farms in the United States
    • Agriculture Acreage in Europe
    • Profile of Farms in Europe
    • Competitive Environment
    • Key Competitors-OEMs and Suppliers
    • Growth Metrics
    • Excavators and Loaders-Growth Drivers
    • Excavators and Loaders-Growth Restraints
    • Agricultural Tractors-Growth Drivers
    • Agricultural Tractors-Growth Restraints
    • Forecast Considerations
    • Forecast Considerations: Demand Forecast-Distribution of Transmission Components by Application: Excavators and Loaders
    • Forecast Considerations: Demand Forecast-Distribution of Transmission Component by Application: Agricultural Tractors
    • Market Forecast-Off-Highway Equipment Unit Sales
    • Market Forecast-Off-Highway Equipment Unit Sales by Region
    • Market Forecast-Off-Highway Equipment Unit Sales by A lication
    • Market Forecast-Off-Highway Equipment Unit Sales by Equipment Type
    • Market Forecast-Excavator Unit Sales
    • Market Forecast-Loader Unit Sales
    • Market Forecast-Agricultural Tractor Unit Sales
    • Market Forecast-Off-Highway Equipment Transmission Components
    • Forecast Analysis-North America and Europe
    • Off-Highway Equipment OEM Market Share
    • OEM Market Share Analysis
    • Competitive Landscape of Component Suppliers-North America
    • Competitive Landscape of Component Suppliers-Europe
    • Competitive Landscape-Cluster 1: Gears, Gearboxes, Transmission Systems
    • Competitive Landscape-Cluster 2: Axles, Driveshafts, PTO Units
    • Growth Metrics
    • Off-Highway Equipment Unit Sales
    • Off-Highway Equipment Unit Sales by Application
    • Off-Highway Equipment Unit Sales by Equipment Type
    • Excavator Unit Sales
    • Loader Unit Sales
    • Agricultural Tractor Unit Sales
    • Off-Highway Transmission Components
    • Forecast Analysis-North America
    • Growth Metrics
    • Off-Highway Equipment Unit Sales
    • Off-Highway Equipment Unit Sales by Application
    • Off-Highway Equipment Unit Sales by Equipment Type
    • Excavator Unit Sales
    • Loader Unit Sales
    • Agricultural Tractor Unit Sales
    • Off-Highway Transmission Components
    • Forecast Analysis-Europe
    • Excavators and Loaders-Demand and Technology Trends
    • Trend 1-Electric Equipment
    • TCO Analysis-Electric Excavators
    • TCO Analysis-Electric Wheel Loaders
    • Top Electric Models in the Market
    • Trend 2-System-Level Innovations and AI
    • Trend 2-Smart Equipment
    • Trend 2-Key Products with Smart Features
    • Trend 3-BMT
    • Agricultural Tractors-Demand and Technology Trends
    • Trend 1-Precision Agriculture
    • Trend 1-Precision Agriculture, OEM Features
    • Trend 1-Precision Agriculture, Third-Party Solution Providers
    • Trend 2-Autonomous Tractors
    • Trend 2-Autonomous Tractors, Key Products and Features
    • Trend 3-BMT
    • Trend 3-Key Service Provider Features
    • Tractor Implements by Application
    • ISOBUS for Agricultural Equipment
    • Implement Automation Functions
    • Off-Highway Ecosystem
    • Off-Highway Equipment-Construction Equipment Transmission Types
    • Off-Highway Equipment-Agricultural Tractor Transmission Types
    • Powershift Transmission
    • Hydrostatic Transmission-Wheeled Equipment
    • Hydrodynamic Torque Converter-Wheeled Equipment
    • Synchromesh Transmission (Mechanical)-Agricultural Tractors
    • CVT-Wheeled Equipment
    • Tracked Equipment-Travel/Swing Device
    • Agricultural Tractor PTO-System Overview
    • PTO Specifications
    • Axles-Wheeled Equipment
    • Axles Overview-Agricultural Tractors
    • Component Cost Contribution-Tracked Excavators
    • Excavator Component Cost Contribution Summary
    • Component Cost Contribution-Backhoe Loaders
    • Backhoe Loader Component Cost Contribution Summary
    • Component Cost Contribution-Agricultural Tractors
    • Agricultural Tractor Component Cost Contribution Summary
    • Component Cost Contribution-Estimation Methodology
    • Growth Opportunity 1: Electrification
    • Growth Opportunity 2: Software Control Systems
    • Growth Opportunity 3: Off-Highway Equipment Transmission Component Demand
    • Major OEM Product Launches-Electric Equipment
    • Benefits and Impacts of Growth Opportunities
    • Next Steps
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