North America Commercial Vehicle Transmission Oil Pump and Transmission System Market Analysis by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

North America Commercial Vehicle Transmission Oil Pump and Transmission System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Transmission Oil Pump and Transmission System), Oil Pump Product Type (Fixed Displacement Pump and Variable Displacement Pump), Oil Pump Type (Vane Type, Gear Type, and Rotor Type), Transmission System Type (Manual Transmission, Automatic Transmission, and Automated Manual Transmission), Vehicle Type [MCV (Class III and Class VI) and HCV (Class VII to Class VIII)], and Powertrain Type (Internal Combustion Engine, Electric, and Hybrid)

Report Date : Oct 2021
Report Code : TIPRE00025227

Category : Automotive and Transportation
Status : Published

Available Report Formats :
No. of Pages : 182

Page Updated: Oct 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The commercial vehicle transmission oil pump and transmission system market in North America is expected to grow from US$ 7579.22 million in 2021 to US$ 10776.02 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.

The transmission system ensures a smooth and comfortable drive by transferring the maximum amount of power from an engine to the wheels via a gearbox. The majority of low- and mid-range vehicles now use semi-automatic and automatic transmission systems. The mobility and fuel efficiency of a car can be considerably influenced by an automated transmission system, depending on the electrical technology utilized in the transmission and the design of the transmission system. Automatic gearboxes or dual pedal technology is available in various configurations, such as Automatic Transmission (AT), Automated-Manual Transmission (AMT), Continuously Variable Transmission (CVT), Dual-Clutch Transmission (DCT), Direct Shift Gearbox (DSG), and Tiptronic Transmission. The shift from manual to automatic transmissions is driven by an increased desire for comfort and safety. Automatic gearboxes are comfortable, safe, environment friendly, and cost-effective. They also provide a superior driving experience. A driver does not need to handle the clutch with an automatic transmission, which is quite convenient, especially in urban stop-and-go traffic. Autonomous parking assistants, for example, make daily living accessible and are a precursor to utterly automated driving. Furthermore, automotive component makers are working hard to deliver cost-effective alternatives without sacrificing vehicle performance. To address the rising demand for transmission systems across the automotive sector, they adopt various business expansion methods. For instance, Aisin Seiki Co., Ltd. is concentrating its development and manufacturing skills on Toyota Motor Corp.'s manual transmission products under the Aisin AI brand. Thus, the high adoption rate of semi-automatic and automatic transmission systems in commercial vehicles is a significant factor driving the growth of the commercial vehicle transmission oil pump and transmission systems market.

North America is one of the leading regions in terms of the development and adoption of new technologies. This is mainly attributed to the favorable government policies that boost innovation and strengthen infrastructure capabilities. Hence, any hindrance to the growth of the industrial sector hampers the economic growth of the region. The US is the world’s worst-affected country due to the COVID-19 outbreak. The commercial vehicle transmission oil pump and transmission system market’s reliance on manufacturing companies, such as automobile companies and automobile component manufacturers, has been highlighted by the recent pause in manufacturing units due to the outbreak. The automobile industry is suffering a major setback owing to the strict restrictions on travel and the closures of international manufacturing activities, declining car sales, and large layoffs. The overall demand for transmission oil pumps and transmission systems is likely to increase once the industries attain normal operational conditions. These automotive parts are vital and much needed for the manufacturing of commercial vehicles. Favorable government policies, such as duty-free imports in Mexico, for the automotive sector in North America and ever-increasing investments by North American countries in advanced technology propel the demand for automotive parts in the region.

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 North America commercial vehicle transmission oil pump and transmission system market. The North America commercial vehicle transmission oil pump and transmission system market is expected to grow at a good CAGR during the forecast period.
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North America Commercial Vehicle Transmission Oil Pump and Transmission System Market Segmentation

North America Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Offering

Transmission Oil Pump
Transmission System

North America Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Oil Pump Product Type

Fixed Displacement Pump
Variable Displacement Pump

North America Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Oil Pump Type

Vane Type
Gear Type
Rotor Type

North America Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Transmission Type

Manual Transmission
Automatic Transmission
Automated Manual Transmission

North America Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Vehicle Type

MCV (Class III and Class VI)
HCV (Class VII to Class VIII)

North America Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Powertrain Type

Internal Combustion Engine
Electric
Hybrid

North America Commercial Vehicle Transmission Oil Pump and Transmission System Market – By Country

US
Canada
Mexico

North America 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

North America Commercial Vehicle Transmission Oil Pump and Transmission System Report Scope

Report Attribute	Details
Market size in 2021	US$ 7579.22 Million
Market Size by 2028	US$ 10776.02 Million
Global CAGR (2021 - 2028)	5.2%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Offering Transmission Oil Pump and Transmission System By Oil Pump Product Type Fixed Displacement Pump and Variable Displacement Pump By Oil Pump Type Vane Type Gear Type Rotor Type By Transmission System Type Manual Transmission Automatic Transmission Automated Manual Transmission
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	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

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the North America Commercial Vehicle Transmission Oil Pump and Transmission System Market report deliverables?

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
Excel Dataset

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