Transmission sales market to grow by USD 6.90 billion from 2022 to 2027 | AAMCO Transmissions Inc., Allison Transmission Holdings Inc., Bauer Comp Holding GmbH and more among the key companies in the market - Technavio

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Dec 06, 2023, 02:35 ET

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The transmission sales market is set to grow by USD 6.90 billion from 2022 to 2027. However, the growth momentum will accelerate at a CAGR of 6.82% during the forecast period, according to Technavio. The transmission sales market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. AAMCO Transmissions Inc., Allison Transmission Holdings Inc., Bauer Comp Holding GmbH, Bayerische Motoren Werke AG, BorgWarner Inc., Caterpillar Inc., Cottman Transmission and Total Auto Care, Cummins Inc., Lee Myles Autocare and Transmission, Mister Transmission International, Prysmian Spa, RPG Enterprises, Schaeffler AG, Bridgestone Corp., Continental AG, General Electric Co., Ingersoll Rand Inc., Mitsubishi Heavy Industries Ltd., NV Bekaert SA, and Siemens AG are some of the major market participants -. To know about the vendor offerings - Request a sample report

Technavio has announced its latest market research report titled Global Transmission Sales Market

The transmission sales market is fragmented. The developments in cross-border and cross-country pipeline infrastructure will offer immense growth opportunities. However, the increased application in harsh environmental conditions will hamper the market growth.

Transmission Sales Market 2023-2027: Drivers & Challenges

DRIVER

Developments in cross-border and cross-country pipeline infrastructure are notably driving the growth of the market. Pipelines are important for transporting crude oil, natural gas, and petroleum products over long distances when rail and road transportation is not possible. To meet the rising demand for oil and gas and connect new exploration sites to refineries and demand centers, the pipeline network is continuously expanding. This will drive the growth of the transmission sales market as raised trading activity will require the construction of new pipeline projects. Some pipeline projects are under development or in various stages of planning globally, such as Keystone XL in Canada, Atlantic Coast Pipeline in the US, and TANAP in Europe. Thus, with the need for extensive pipeline monitoring equipment and software systems, the transmission sales market is expected to see significant growth during the forecast period.

CHALLENGE

The installation issues due to constant exposure to harsh process streams are significant challenges hindering market growth. Harsh environmental conditions off the Arctic coast trigger pipeline failure mechanisms and create challenges to maintenance, repair, and spill prevention. Computerized monitoring systems detect large leaks, but smaller leaks may go undetected, especially in deep pipelines that are seasonally ice-covered. Moreover, corrosion is a significant concern owing to the presence of sulfur in crude oil and gas. Temperature thermocouples installed in direct contact with the process stream inside the thermowell may crack, leading to danger in crude oil leaks and fire hazards. Thus, this issue is a significant challenge in the oil and gas industry and will impede the growth of the transmission sales market.

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Transmission Sales Market 2023-2027: Segment Analysis

Type

Reciprocating
Rotatory
Centrifugal
Axial Flow

End-user

Oil And Gas
Power Generation
Water And Wastewater Management
Other

Geography

Europe
North America
APAC
South America
Middle East And Africa

Transmission Sales Market 2023-2027: Segmentation Highlights

The market share growth by the reciprocating segment will be significant during the forecast period. A reciprocating engine, also called a piston engine, works with reciprocating motion. The piston starts reciprocating motion due to the pressure created by the combustion of the fuel-air mixture. This reciprocating motion is converted into rotary motion by the crankshaft. Currently, 100% of automobile engines are reciprocating engines. As customers become more aware of safety, demand for fuel-efficient vehicles is increasing, and so demand for reciprocating engines will grow during the forecast period.

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Transmission Sales Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist transmission sales market growth during the next five years
Estimation of the transmission sales market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the transmission sales market across Europe, North America, APAC, South America, and MiddlMiddlest and Africa
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of transmission sales market vendors

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The motorcycle transmission control unit (TCU) market is estimated to grow at a CAGR of 32.4% between 2022 and 2027. The size of the market is forecast to increase by USD 309.87 million.

The automotive transmission systems market is estimated to grow at a CAGR of 6.28% between 2022 and 2027. The size of the market is forecast to increase by USD 52.34 billion.

TOC

Executive Summary
Market Landscape
Market Sizing
Historic Market Size
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-User
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Company Landscape
Company Analysis
Appendix

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SOURCE Technavio