GLOBAL TRUCK TRANSMISSION MARKET
Seamless freight movement is what fuels mega economies. In North America, more than 66% of the trade that happens between the participating countries the US, Canada and Mexico happens via Trucks. Other modes of transportation like rail. air pipeline when cumulatively combined carry only the remaining 34% of the freight.
Trucks also have a major role in multi-modal shipments, more often than not providing the first and last mile connectivity to factories, warehouses, and stores. All of this puts a lot of load on road infrastructure which has resulted in a huge amount of traffic congestion on highways but in spite of everything Trucks still, continue to play a major role in freight movement, globally.
INDIA TRUCK TRANSMISSION MARKET
In India, since most of the trucks are powered by comparatively lower capacity engines, the transmission torque rating is consequently lower.
TATA provides following gearboxes on its LCVs range.
- GBS 27, Synchromesh (5F+1R)
- G-380, Synchromesh (5F+1R)
- GBS 550, Synchromesh (6F+1R)
- GBS 40, Synchromesh (5F+1R)
- GBS 750, Synchromesh (6F+1R)
NORTH AMERICA TRUCK TRANSMISSION MARKET
The class 8 trucks have long been known to specced with manual transmission, more often called “Stick” in the North American region. Even now, the share of manual transmission in Class 8 trucks in North America is more than 60%.
Low cost, higher reliability and the older generation being familiar with manuals is the reason for its dominant share. But, with growing driver shortage and higher skills required to operate a manual is making way for a larger share of AMT in North America. The 5% better fuel economy offered by AMT is an added bonus.
Some of the recent facts supporting this move are put below:-
- The best-selling on- Highway tractor “Freightliner Cascadia “ in its post 2017 iteration has seen uptake of DT12 AMT at >90%
- Kenworth and Peterbilt are seeing a fitment rate of more than 60% for AMT in all of its Class 8 trucks sold in 2018
- Mack is promoting its natural gas powered trucks with AMT transmission ,sourced from Eaton
- Volvo`s AMT called the I-shift which also extends to Mack`s line-up as mDrive is seeing uptake in the range of 70% over past two years
MARKET SIZE AND FORECAST
The global truck transmission market size is estimated at $XX Billion in 2020, growing at –% CAGR till 2025
Daimler trucks and Volvo truck manufacture almost all transmissions in-house. Allison Transmission is the global leader in manufacturing automatic transmission for commercial vehicles and US is its biggest market.
THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS
- Share of in-sourced and out-sourced transmission, by region
- Opportunity for truck transmission sub-component manufacturers
- Market split by transmission type(AT, AMT, MT), by region
- Opportunity in truck transmission market for off-highway vehicles
- Market share of major transmission manufactures in top 3 regions