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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Commercial vehicle transmission oil pump and transmission system – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Commercial vehicle transmission oil pump and transmission system Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Scaling Demand for Automatic and Semi-Automatic Transmission System
5.1.2 Strict Government Standards Associated with Carbon Emission
5.2 Market Restraints
5.2.1 Low Penetration for Fuel Cell Electric Commercial Vehicle
5.3 Market Opportunities
5.3.1 Raising Use of Transmission System for Electric Commercial Vehicle
5.4 Market Trends
5.4.1 Up-lifting Demand for Electric Transmission Oil Pump
5.5 Impact Analysis of Drivers And Restraints
6. North America Commercial vehicle transmission oil pump and transmission system – Market Analysis
6.1 North America Commercial vehicle transmission oil pump and transmission system Market Overview
6.2 North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market – Revenue, and Forecast to 2028 (US$ Million)
7. North America Commercial Vehicle Transmission Oil Pump And Transmission System Market Analysis – By Offering
7.1 Overview
7.2 North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Offering
7.3 Transmission Oil Pump
7.3.1 Overview
7.3.2 Transmission Oil Pump: Commercial Vehicle Transmission Oil Pump and Transmission Systems market Revenue and Forecast to 2028 (US$ Million)
7.4 Transmission System
7.4.1 Overview
7.4.2 Transmission system: Commercial Vehicle Transmission Oil Pump and Transmission Systems market Revenue and Forecast to 2028 (US$ Million)
8. North America Commercial Vehicle Transmission Oil Pump Market Analysis – By Oil Pump Product Type
8.1 Overview
8.2 North America: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Product Type
8.3 Fixed Displacement Pump
8.3.1 Overview
8.3.2 Fixed Displacement Pump: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
8.4 Variable Displacement Pump
8.4.1 Overview
8.4.2 Variable Displacement Pump: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
9. North America Commercial Vehicle Transmission Oil Pump Market Analysis – By Oil Pump Type
9.1 Overview
9.2 North America: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Type
9.3 Vane Type
9.3.1 Overview
9.3.2 Vane Type: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
9.4 Gear Type
9.4.1 Overview
9.4.2 Gear Type: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
9.5 Rotor Type
9.5.1 Overview
9.5.2 Rotor Type: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
10. North America Commercial Vehicle Transmission System Market Analysis – By Transmission System Type
10.1 Overview
10.2 North America: Commercial Vehicle Transmission System Market, by Transmission System Type
10.3 Manual Transmission
10.3.1 Overview
10.3.2 Manual transmission: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
10.4 Automatic Transmission
10.4.1 Overview
10.4.2 Automatic transmission: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
10.5 Automated Manual Transmission
10.5.1 Overview
10.5.2 Automated Manual Transmission: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
11. North America Commercial Vehicle Transmission System Market Analysis – By Vehicle Type
11.1 Overview
11.1.1 North America: Commercial Vehicle Transmission System Market, by Vehicle Type
11.2 MCV (Class lll and Class VI)
11.2.1 Overview
11.2.2 MCV (Class III and Class VI): Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
11.3 HCV (Class Vll to Class VllI)
11.3.1 Overview
11.3.2 HCV (Class VII and Class VIIII): Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
12. North America Commercial Vehicle Transmission System Market Analysis – By Powertrain Type
12.1 Overview
12.2 North America: Commercial Vehicle Transmission System Market, by Powertrain Type
12.3 Internal Combustion Engine
12.3.1 Overview
12.3.2 Internal combustion engine: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
12.4 Electric
12.4.1 Overview
12.4.2 Electric: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
12.5 Hybrid
12.5.1 Overview
12.5.2 Hybrid: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
13. North America Commercial Vehicle Transmission Oil Pump and Transmission System Market – Country Analysis
13.1 Overview
13.1.1 North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Key Country
13.1.1.1 US: Commercial Vehicle Transmission Oil Pump and Transmission System Market – Revenue, and Forecast to 2028 (US$ Million)
13.1.1.1.1 US: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Offering
13.1.1.1.2 US: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Product Type
13.1.1.1.3 US: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Type
13.1.1.1.4 S: Commercial Vehicle Transmission System Market, by Transmission System Type
13.1.1.1.5 US: Commercial Vehicle Transmission System Market, by Vehicle Type
13.1.1.1.6 US: Commercial Vehicle Transmission System Market, by Powertrain Type
13.1.1.2 Canada: Commercial Vehicle Transmission Oil Pump and Transmission System Market – Revenue, and Forecast to 2028 (US$ Million)
13.1.1.2.1 Canada: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Offering
13.1.1.2.2 Canada: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Product Type
13.1.1.2.3 Canada: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Type
13.1.1.2.4 Canada: Commercial Vehicle Transmission System Market, by Transmission System Type
13.1.1.2.5 Canada: Commercial Vehicle Transmission System Market, by Vehicle Type
13.1.1.2.6 Canada: Commercial Vehicle Transmission System Market, by Powertrain Type
13.1.1.3 Mexico: Commercial Vehicle Transmission Oil Pump and Transmission System Market – Revenue, and Forecast to 2028 (US$ Million)
13.1.1.3.1 Mexico: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Offering
13.1.1.3.2 Mexico: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Product Type
13.1.1.3.3 Mexico: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Type
13.1.1.3.4 Mexico: Commercial Vehicle Transmission System Market, by Transmission System Type
13.1.1.3.5 Mexico: Commercial Vehicle Transmission System Market, by Vehicle Type
13.1.1.3.6 Mexico: Commercial Vehicle Transmission System Market, by Powertrain Type
14. North America Commercial Vehicle Transmission Oil Pump and Transmission System Market - Covid-19 Impact Analysis
14.1 Overview
15. Industry Landscape
15.1 Overview
15.2 Market Initiative
15.3 Merger and Acquisition
15.4 New Development
16. Company Profiles
16.1 Allison Transmission Holding INC
16.1.1 Key Facts
16.1.2 Business Description
16.1.3 Products and Services
16.1.4 Financial Overview
16.1.5 SWOT Analysis
16.1.6 Key Developments
16.2 BorgWarner Inc.
16.2.1 Key Facts
16.2.2 Business Description
16.2.3 Products and Services
16.2.4 Financial Overview
16.2.5 SWOT Analysis
16.2.6 Key Developments
16.3 Daimler AG
16.3.1 Key Facts
16.3.2 Business Description
16.3.3 Products and Services
16.3.4 Financial Overview
16.3.5 SWOT Analysis
16.3.6 Key Developments
16.4 Eaton Group
16.4.1 Key Facts
16.4.2 Business Description
16.4.3 Products and Services
16.4.4 Financial Overview
16.4.5 SWOT Analysis
16.4.6 Key Developments
16.5 Mack Trucks
16.5.1 Key Facts
16.5.2 Business Description
16.5.3 Products and Services
16.5.4 Financial Overview
16.5.5 SWOT Analysis
16.5.6 Key Developments
16.6 Scania
16.6.1 Key Facts
16.6.2 Business Description
16.6.3 Products and Services
16.6.4 Financial Overview
16.6.5 SWOT Analysis
16.6.6 Key Developments
16.7 Sinotruk (Hong Kong) Limited
16.7.1 Key Facts
16.7.2 Business Description
16.7.3 Products and Services
16.7.4 Financial Overview
16.7.5 SWOT Analysis
16.7.6 Key Developments
16.8 Shaanxi Fast Auto Drive Co. Ltd.
16.8.1 Key Facts
16.8.2 Business Description
16.8.3 Products and Services
16.8.4 Financial Overview
16.8.5 SWOT Analysis
16.8.6 Key Developments
16.9 Volvo AG
16.9.1 Key Facts
16.9.2 Business Description
16.9.3 Products and Services
16.9.4 Financial Overview
16.9.5 SWOT Analysis
16.9.6 Key Developments
16.10 Voith GmbH & Co. KGaA
16.10.1 Key Facts
16.10.2 Business Description
16.10.3 Products and Services
16.10.4 Financial Overview
16.10.5 SWOT Analysis
16.10.6 Key Developments
16.11 ZF Friedrichshafen AG
16.11.1 Key Facts
16.11.2 Business Description
16.11.3 Products and Services
16.11.4 Financial Overview
16.11.5 SWOT Analysis
16.11.6 Key Developments
16.12 Hyundai Transys
16.12.1 Key Facts
16.12.2 Business Description
16.12.3 Products and Services
16.12.4 Financial Overview
16.12.5 SWOT Analysis
16.12.6 Key Developments
16.13 Scherzinger Pumpen GmbH & Co. KG
16.13.1 Key Facts
16.13.2 Business Description
16.13.3 Products and Services
16.13.4 Financial Overview
16.13.5 SWOT Analysis
16.13.6 Key Developments
16.14 SLPT
16.14.1 Key Facts
16.14.2 Business Description
16.14.3 Products and Services
16.14.4 Financial Overview
16.14.5 SWOT Analysis
16.14.6 Key Developments
16.15 SHW AG
16.15.1 Key Facts
16.15.2 Business Description
16.15.3 Products and Services
16.15.4 Financial Overview
16.15.5 SWOT Analysis
16.15.6 Key Developments
16.16 Mahle GmbH
16.16.1 Key Facts
16.16.2 Business Description
16.16.3 Products and Services
16.16.4 Financial Overview
16.16.5 SWOT Analysis
16.16.6 Key Developments
16.17 Concentric AB
16.17.1 Key Facts
16.17.2 Business Description
16.17.3 Products and Services
16.17.4 Financial Overview
16.17.5 SWOT Analysis
16.17.6 Key Developments
17. Appendix
17.1 About The Insight Partners
17.2 Word Index
LIST OF TABLES
Table 1. North America Commercial vehicle transmission oil pump and transmission system Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market Revenue Share, by Key Country (2020 and 2028)
Table 3. North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Key Country, by Volume (Units in Thousands)
Table 4. US: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Product Type–Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Type–Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Commercial Vehicle Transmission System Market, by Transmission System Type–Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Commercial Vehicle Transmission System Market, by Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Commercial Vehicle Transmission System Market, by Powertrain Type–Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Product Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Type–Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Commercial Vehicle Transmission System Market, by Transmission System Type–Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Commercial Vehicle Transmission System Market, by Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Commercial Vehicle Transmission System Market, by Powertrain Type–Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Product Type–Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Type–Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico: Commercial Vehicle Transmission System Market, by Transmission System Type–Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico: Commercial Vehicle Transmission System Market, by Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 21. Mexico: Commercial Vehicle Transmission System Market, by Powertrain Type–Revenue and Forecast to 2028 (US$ Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Commercial Vehicle Transmission Oil Pump and Transmission System Market Segmentation
Figure 2. North America Commercial Vehicle Transmission Oil Pump and Transmission System Market Segmentation – By Country
Figure 3. North America Commercial Vehicle Transmission Oil Pump and Transmission System Market Overview
Figure 4. North America Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Offering
Figure 5. Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Product Type
Figure 6. Commercial Vehicle Transmission Oil Pump Market, by Oil Pump Type
Figure 7. Commercial Vehicle Transmission System Market, by Transmission Type
Figure 8. Commercial Vehicle Transmission System Market, by Vehicle Type
Figure 9. Commercial Vehicle Transmission System Market, by Powertrain Type
Figure 10. Commercial Vehicle Transmission Oil Pump and Transmission System Market, by Country
Figure 11. North America PEST Analysis
Figure 12. North America Commercial vehicle transmission oil pump and transmission system Market- Ecosystem Analysis
Figure 13. North America Commercial vehicle transmission oil pump and transmission system Market Impact Analysis of Drivers and Restraints
Figure 14. North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market Revenue Share, by Offering (2020 and 2028)
Figure 16. Transmission Oil Pump: Commercial Vehicle Transmission Oil Pump and Transmission Systems market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Transmission system: Commercial Vehicle Transmission Oil Pump and Transmission Systems market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America: Commercial Vehicle Transmission Oil Pump Market Revenue Share, by Oil Pump Product Type (2020 and 2028)
Figure 19. Fixed Displacement Pump: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Variable Displacement Pump: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Commercial Vehicle Transmission Oil Pump Market Revenue Share, by Oil Pump Type (2020 and 2028)
Figure 22. Vane type: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Gear type: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rotor type: Commercial Vehicle Transmission Oil Pump market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America: Commercial Vehicle Transmission System Market Revenue Share, by Transmission System Type (2020 and 2028)
Figure 26. Manual transmission: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Automatic transmission: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Automated Manual Transmission: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Commercial Vehicle Transmission System Market Revenue Share, by Vehicle Type (2020 and 2028)
Figure 30. MCV (Class III and Class VI): Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. HCV (Class VII and Class VIIII): Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market Revenue Share, by Powertrain Type (2020 and 2028)
Figure 33. Internal combustion engine: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Electric: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
Figure 35. Hybrid: Commercial Vehicle Transmission System Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. Geographic Overview of North America Commercial vehicle transmission oil pump and transmission system Market
Figure 37. North America: Commercial Vehicle Transmission Oil Pump and Transmission System Market Revenue Share, by Key Country (2020 and 2028)
Figure 38. US: Commercial Vehicle Transmission Oil Pump and Transmission System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 39. Canada: Commercial Vehicle Transmission Oil Pump and Transmission System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 40. Mexico: Commercial Vehicle Transmission Oil Pump and Transmission System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 41. Impact of Covid-19 Pandemic in North American Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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