MARKET OVERVIEW
Vehicles used in motorsport events have manual transmission, semi-automatic transmission or automatic transmission. These vehicles are popularly used in GT racing, NASCAR, Formula One and WTTC (World Touring Car Championship). Many technological advancements are taking place in this field to enhance the running efficiency of the vehicle. Motorsport transmission market is expected to grow considerably during the forecast period.
MARKET SCOPE
The "Global Motorsport Transmission Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the motorsport transmission market with detailed market segmentation by race type, transmission type, and geography. The report provides key statistics on the market status of the leading motorsport transmission market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on race type, the global motorsport transmission market is segmented into formula one, NASCAR, GT racing, WTCC (World Touring Car Championship), Le Mans and others.
- On the basis of transmission type, the market is segmented into manual transmission, semi-automatic transmission and automatic transmission.
MARKET DYNAMICS
Drivers
- Developing technology helps in enhancing the performance of the transmission system.
- Increasing disposable income to boost market growth of motorsport transmission system.
- Growing popularity of motorsport events all over the world.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The motorsport transmission market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the motorsport transmission market in these regions.
IMPACT OF COVID-19 ON MOTOSPORT TRANSMISSION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Due to various restrictions and limitations imposed by the government authorities, the motorsports industry is impacted severely. The count of racing events went down drastically. However, after the pandemic gets over, this market is expected to witness high growth.
MARKET PLAYERS
The report covers key developments in the motorsport transmission market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from motorsport transmission market are anticipated to lucrative growth opportunities in the future with the rising demand for motorsport transmission in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the motorsport transmission market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Drenth
- Emco GEARS, Inc.
- Hewland Engineering Ltd
- HOLINGER
- MAGNETI MARELLI S.P
- RICARDO MOTORSPORTS
- SADEV
- SAMSONAS
- XTRAC LTD.
- ZF FRIEDRICHSHAFEN AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
