Automobile Transmission Manufacturing in the US - Industry Market Research Report

Automobile Transmission Manufacturing in the US - Industry Market Research Report

Automobile Transmission Manufacturing in the US

Automobile transmission manufacturers have dealt with difficult conditions in recent years. The outbreak of COVID-19 in 2020 caused the whole auto sector to plummet, as consumer spending quickly dried up and the need for transportation vanished under stay-at-home orders. The industry experienced growth as restrictions were lifted, but sky-high commodity prices pressured profit and increased the operating cost of an automobile. As supply caught up, commodity prices have steadily settled. Import penetration remained strong as the TWI continued to grow while foreign competitors were able to ramp production back up faster than their US counterparts. Altogether, industry revenue has been falling at a CAGR of 4.4% to $40.9 billion over the past five years, despite an increase of 1.2% in 2023 alone.

Companies in this industry manufacture transmissions for motor vehicles (cars and light-, medium- and heavy-duty trucks), parts for transmissions and powertrain parts. Industry products include clutches, gears, differentials and axle bearings.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."