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Global Truck Transmission System Market 2019-2023

Global Truck Transmission System Market 2019-2023

About this market

The demand for light-duty pickup trucks in both developed and developing automotive markets is increasing, which, in turn, will result in the increasing sales year-over-year. Pickup trucks are equipped with manual and automated manual transmission systems, thereby driving the market in terms of units and revenue. The demand and sales of pickup trucks are increasing in countries in APAC such as China and Southeast Asian countries. China is expected to be a major contributor to the global pickup trucks market by 2023. Therefore, the growing sales of pickup trucks will drive the global truck transmission system market. Technavio’s analysts have predicted that the truck transmission system market will register a CAGR of close to 6% by 2023.

Market Overview

Growing penetration rate of automatic transmission system

Automatic transmission and automated manual transmission are not limited to passenger vehicles. They are finding rapid penetration in commercial vehicles as well, which include buses, coaches, and heavy-duty trucks. With the growing focus on the comfort and convenience of drivers by fleet operators and logistics service providers, the demand for automated manual transmission is increasing, especially in medium-duty trucks.

Advanced transmission system design leading to vehicle malfunction and recalls

Automatic transmission systems used in trucks are complex in design and involve advanced algorithm for the design and development. The use of multiple clutches, synchromesh gear sets, and lightweight, rigid materials increases the cost and complexity of the transmission system being used for truck applications. This acts as a challenge for vendors, as it raises concerns related to costs and reliability through liability sharing.

For the detailed list of factors that will drive and challenge the growth of the truck transmission system market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Truck Transmission System Market 2019-2023

Technavio recognizes the following companies as the key players in the global truck transmission system market: AISIN SEIKI CO., LTD., Allison Transmission Inc., American Axle & Manufacturing, Inc., Eaton, Magna International Inc., ZF Friedrichshafen AG.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increased use of high- speed transmission in trucks.”

According to the report, one of the major drivers for this market is the increased use of aluminum in truck transmission system.

Further, the report states that one of the major factors hindering the growth of this market is the challenges associated with design of transmission systems.

Companies Mentioned

AISIN SEIKI CO.
LTD.
Allison Transmission Inc.
American Axle & Manufacturing
Inc.
Eaton
Magna International Inc.
and ZF Friedrichshafen AG

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global automotive components market
      • Table Segments of global automotive components market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Light-duty trucks - Market size and forecast 2018-2023
      • Table Light-duty trucks - Market size and forecast 2018-2023 ($ billions)
      • Table Light-duty trucks - Year-over-year growth 2019-2023 (%)
    • Medium and heavy-duty trucks - Market size and forecast 2018-2023
      • Table Medium and heavy-duty trucks - Market size and forecast 2018-2023 ($ billions)
      • Table Medium and heavy-duty trucks - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increased use of high-speed transmission in trucks
    • Rising adoption of all-electric powertrains
    • Emergence of triple-clutch transmission system
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AISIN SEIKI CO., LTD.
      • Table AISIN SEIKI CO., LTD. - Vendor overview
      • Table AISIN SEIKI CO., LTD. - Business segments
      • Table AISIN SEIKI CO., LTD. - Organizational developments
      • Table AISIN SEIKI CO., LTD. - Geographic focus
      • Table AISIN SEIKI CO., LTD. - Segment focus
      • Table AISIN SEIKI CO., LTD. - Key offerings
    • Allison Transmission Inc.
      • Table Allison Transmission Inc. - Vendor overview
      • Table Allison Transmission Inc. - Product segments
      • Table Allison Transmission Inc. - Organizational developments
      • Table Allison Transmission Inc. - Segment focus
      • Table Allison Transmission Inc. - Key offerings
    • American Axle & Manufacturing, Inc.
      • Table American Axle & Manufacturing, Inc. - Vendor overview
      • Table American Axle & Manufacturing, Inc. - Business segments
      • Table American Axle & Manufacturing, Inc. - Organizational developments
      • Table American Axle & Manufacturing, Inc. - Geographic focus
      • Table American Axle & Manufacturing, Inc. - Segment focus
      • Table American Axle & Manufacturing, Inc. - Key offerings
    • Eaton
      • Table Eaton - Vendor overview
      • Table Eaton - Business segments
      • Table Eaton - Organizational developments
      • Table Eaton - Geographic focus
      • Table Eaton - Segment focus
      • Table Eaton - Key offerings
    • Magna International Inc.
      • Table Magna International Inc. - Vendor overview
      • Table Magna International Inc. - Business segments
      • Table Magna International Inc. - Organizational developments
      • Table Magna International Inc. - Geographic focus
      • Table Magna International Inc. - Key offerings
    • ZF Friedrichshafen AG
      • Table ZF Friedrichshafen AG - Vendor overview
      • Table ZF Friedrichshafen AG - Business segments
      • Table ZF Friedrichshafen AG - Organizational developments
      • Table ZF Friedrichshafen AG - Geographic focus
      • Table ZF Friedrichshafen AG - Segment focus
      • Table ZF Friedrichshafen AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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