United States (USA) Automotive Transmission Market Overview, 2029

United States (USA) Automotive Transmission Market Overview, 2029

The transmission market in the United States is a dynamic and varied environment that is influenced by a wide range of factors, including consumer preferences, regulatory requirements, and technology advancements. Fundamentally, the automotive sector relies on the transmission business to facilitate the power transfer from the engine to the wheels, which in turn enables vehicle propulsion. Positioned centrally within the global automotive ecosystem, the U.S. transmission market enjoys a strong market for automobiles of all kinds and a historic history of automotive manufacture. It includes a broad range of transmission types, such as more sophisticated versions in addition to conventional manual and automatic gearboxes. The transmission market is expanding as the automobile industry rapidly changes due to factors including automation, connection, and electrification. The U.S. transmission market is undergoing a significant transformation as the automotive landscape is rapidly changing due to factors like as automation, connectivity, and electrification. The need for specific transmissions designed for electric powertrains is being driven by the rising popularity of hybrid and electric cars as well as the tightening emissions laws. Transmission systems are changing as a result of developments in automation and networking technologies. Smart transmissions, which have sensors and adaptive control algorithms built in, are becoming more and more common.

According to the research report,"" published by Bonafide Research, the ""United States Transmission Market is expected to grow up to 10.28 USD Billion from 2024 - 2029. With four primary types of transmissions driving the industry—manual, automatic, automated manual transmission (AMT), and others—the transmission market in the United States has a strong demand scenario. Due to their widespread consumer adoption and ease of use, automatic transmissions are very visible in the market. An automatic transmission (AT) is a multi-speed system that transfers power from the engine to the differential and drive shaft, and changes gears automatically under normal driving conditions. They satisfy the demands of a wide range of drivers, especially in cities, by providing smooth gear shifts without the need for human interaction.Because of its adaptability and widespread appeal to both individual consumers and families, passenger automobiles are in high demand in the United States. Passenger cars are also appealing solutions for everyday commute, family mobility, and leisure pursuits because of their comfort, convenience, and customization options. The vast road network and widely dispersed metropolitan areas of the United States also contribute to the popularity of passenger cars as the primary means of personal transportation. Passenger cars are the most popular alternative for personal mobility among American consumers due to its superior combination of ease, customizability, and versatility. A manual transmission, also called a stick shift, is a multi-speed system that requires the driver to manually select gears With automated gear shifting and human control, automated manual gearboxes provide the best of both worlds, bridging the gap between automatic and manual systems. In addition to these main varieties, the market also sees the introduction of various transmission variations, which serve specialized vehicle applications and niche markets. Examples of these variants are dual-clutch transmissions (DCTs) and continuously variable transmissions (CVTs). All things considered, the varied demand landscape highlights how innovative and flexible the U.S. transmission business is, thanks to changing customer tastes and technology breakthroughs.
There is a wide range of car classifications in demand in the US. The majority of demand among them is for passenger cars, which reflects the desires of both individual customers and families for private transportation. A vast array of choices, such as sedans, SUVs, pickups, and minivans, are available for passenger vehicles, meeting the needs and lifestyles of people all over the nation. (LCVs) are in high demand in the United States as well. These cars are used for a variety of business uses, which includes small business operations, construction, and delivery services. LCVs, which include utility vehicles, cargo vans, and pickup trucks, offer vital mobility options to professionals and organizations in a variety of industries. Though they make up a smaller but significant portion of the industry, heavy commercial vehicles (HCVs) are mostly used by the logistics and transportation industries. HCVs, which include buses, trucks, and tractor-trailers, make it easier to transport people and products over large distances. These automobiles are essential to the economy since they support sectors including public transportation, construction, and freight transportation.

Because the automobile industry is worldwide in scope, the import and export of transmissions, like other automotive components, are important facets of international trade. Trade in transmission components and completed transmissions occur across nations in order to satisfy demand, reduce production costs, and take advantage of specialist knowledge. Strong auto manufacturing nations, like the US, Japan, and Germany, frequently export transmissions to other markets where there is a need for cars but no capacity for local production of transmissions. On the other hand, nations with cheaper labor costs or more specialized knowledge could export transmission parts or partially manufactured units to be included into transmissions that are completed in another country.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automotive Transmission market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Transmission Type
• Manual
• Automatic
• Automated Manual Transmission (AMT)
• Others (CVT, DCT)

By Vehicle Type
• Passenger Vehicles (passenger cars, Two wheelers, Suv,..)
• LCVs
• HCVs

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Transmission industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Keywords:
Automotive Transmission, Manual, Automatic, Automated Manual Transmission (AMT), Others (CVT, DCT), Passenger Vehicles (passenger cars, Two wheelers, Suv,..), LCVs, HCVs.