The commercial vehicle transmission oil pump and transmission system market in Europe is expected to grow from US$ 5709.32 million in 2021 to US$ 8205.89 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
The market is expected to grow because of technological improvements and the evolution of transmission systems to suit performance needs across various vehicle types, such as HCVs and passenger vehicles. Advanced techniques, such as Automated Manual Transmission (AMT), are used by automotive OEMs to minimize fuel consumption and CO2 emissions while preserving performance. The Environmental Protection Agency (EPA) and the Nationwide Highway Traffic Safety Administration (NHTSA) worked together to create a national program for greenhouse gas emissions (GHG) and fuel efficiency requirements for light-duty automobiles (passenger cars and trucks). Phase 1 covered model years 2012 to 2016, while Phase 2 covered model years 2017 to 2025. Moreover, the growth of CO2 restrictions continues to be the fundamental driver of automobile technology advancements. The need for greenhouse gas-neutral powertrains drives the development of electrified systems and the search for feasible options for alternative, low-carbon fuels. Furthermore, The European CO2 emissions target for 2020–2021, defined by Regulation (EU) No 333/2014 for passenger cars and Regulation (EU) No 253/2014 for light commercial vehicles, was established in 2014. Based on the NEDC test process, the regulations provide a phase-in of the 95 gCO2/km target for passenger cars in 2020 and 2021, with the top 5% of emitters being removed in the first year. The objective for light commercial vehicles (LCV) is 147 g CO2/km by 2020. Furthermore, the 2025 CO2 reduction target for passenger cars and light trucks is -15 percent, lower than the 2021 aim. Compared to the baseline year of 2021, the 2030 targets for passenger cars are -37.5 percent and -31%, respectively.
The impact of the COVID-19 outbreak pandemic differs from country to country across Europe as selected countries such as Italy, France, Germany, and the UK had recorded an increase in the number of COVID-19 confirmed cases and subsequently imposed strict and long lockdown periods or social isolation. However, Western European countries such as Germany, France, and the UK have seen comparatively modest growth in industrial activities due to the strong healthcare system. To protect citizens from the infection of novel coronavirus that causes COVID-19, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify the signs of COVID-19 and diagnose the same.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe commercial vehicle transmission oil pump and system market. The Europe commercial vehicle transmission oil pump and transmission system market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market Segmentation
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Offering
- Transmission Oil Pump
- Transmission System
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Oil Pump Product Type
- Fixed Displacement Pump
- Variable Displacement Pump
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Oil Pump Type
- Vane Type
- Gear Type
- Rotor Type
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Transmission Type
- Manual Transmission
- Automatic Transmission
- Automated Manual Transmission
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Vehicle Type
- MCV (Class III and Class VI)
- HCV (Class VII to Class VIII)
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Powertrain Type
- Internal Combustion Engine
- Electric
- Hybrid
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Country
- France
- Germany
- UK
- Italy
- Russia
- Rest of Europe
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Market – Companies Mentioned
- Allison Transmission Holding INC
- Daimler AG
- Eaton Group
- Mack Trucks
- Scania
- Sinotruk (Hong Kong) Limited
- Shaanxi Fast Auto Drive Co. Ltd.
- Volvo AG
- Voith GmbH & Co. KGaA
- ZF Friedrichshafen AG
- Hyundai Transys
- Mahle GmbH
- Concentric AB
- SHW AG
- BorgWarner Inc.
- Scherzinger Pumpen GmbH & Co. KG
- SLPT
- Vitesco Technologies
Europe Commercial Vehicle Transmission Oil Pump and Transmission System Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 5709.32 Million |
Market Size by 2028 | US$ 8205.89 Million |
Global CAGR (2021 - 2028) | 5.3% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Offering
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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- Allison Transmission Holding INC
- Daimler AG
- Eaton Group
- Mack Trucks
- Scania
- Sinotruk (Hong Kong) Limited
- Shaanxi Fast Auto Drive Co. Ltd.
- Volvo AG
- Voith GmbH & Co. KGaA
- ZF Friedrichshafen AG
- Hyundai Transys
- Mahle GmbH
- Concentric AB
- SHW AG
- BorgWarner Inc.
- Scherzinger Pumpen GmbH & Co. KG
- SLPT
- Vitesco Technologies


