Global Heavy-duty Commercial Vehicle Transmission Market Growth Opportunities

Global Heavy-duty Commercial Vehicle Transmission Market Growth Opportunities

Automated Manual Transmission to Gain Top Share by 2030 and Rise in Refuse Applications Drives the Adoption of Fully Automatic Transmission

RELEASE DATE
25-Nov-2021
REGION
North America
Research Code: PC40-01-00-00-00
SKU: AU02257-NA-MT_26005
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Description

The global transmission market for heavy-duty (HD) commercial vehicles has changed drastically in the past few years. Manual transmission (MT) was the go-to option for all drivers in the North American market due to its robust gears, the expertise required, and low initial cost. However, drivers—especially those new to the industry—have embraced automated manual transmission (AMT), which offers driving ease with no clutch pedal and no gear shifts. Today, AMT holds the major share of the on-highway segment in North American Class 8 trucks. Industry experts even commented that original equipment manufacturers (OEMs) in North America and Europe would not offer MT by the decade's end (2030).

The transition toward AMT has yet to happen in China and India, mainly due to initial cost setbacks and a lack of technological awareness. However, Frost & Sullivan expects this to change by mid-decade, with over 60% of Chinese and Indian HD trucks offering AMT by 2030. We project fully automatic transmission (AT) to continue to hold the major market share in the refuse/waste management segment. The waste management segment is forecast to boom—especially in India, where there is a projected exponential growth in metropolitan cities—resulting in the high sale of fully AT for these applications.

Electric powertrains are likely to drive nearly 27% of the global heavy-duty truck (HDT) segment in 2030, leading to a focus on e-transmissions. Unlike conventional transmissions, which are engine-driven and require multiple gears for optimal driving, e-transmissions are motor-driven. They need only 1–2 gears to provide the necessary torque/vehicle cruising requirements. Notably, only Eaton and Volvo have ventured into 6 and 12 gear transmissions, respectively. All other manufacturers use either one shift or two shift transmissions for electric trucks. Several suppliers do not even have a gearbox and have a direct drive technology instead.

In summary, the next decade will be a transformational period for the transmission market. Strategic growth decisions are vital to ensure stakeholders do not get left behind in the technological advancement race. Through this report, Frost & Sullivan provides market insights and growth opportunities that market participants can pursue to enable sustained growth.

Key Issues Addressed

  • Who are the major drivetrain suppliers, and what type of transmission do they currently offer to different OEs and across regions?
  • What is the future scope of offerings, and what steps do the Tier I and captive transmission suppliers take toward their future offerings?
  • Which application will use which transmission type, and what is its role in the shifting trends of transmission technology?
  • Which transmission technology will hold a major share in the next decade, and what factors are driving it?
  • What is the current landscape in electric transmission, and how will the electric powertrain shape up in the next decade?

Author: Christus Divyan

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Global Heavy-duty (HD) Commercial Vehicle (CV) Transmission Market

Growth Opportunities Fuel the Growth Pipeline Engine™

HD Unit Shipment Forecast by Powertrain and Region

Global Transmission Technologies

Diesel HD Unit Shipment Share by Transmission Type and Region

Diesel HD Unit Shipment Share by Transmission Type and Application

Global Engine Range

Global Transmission Supplier Snapshot

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Transmission Technology Segmentation

Transmission—Snapshot and Use Cases

Transmission Market—Key Trends

Transmission Market

Transmission Market (continued)

Transmission Market (continued)

Transmission Market (continued)

Transmission Supplier Details

Future Trends

Transmission Market

Transmission Market (continued)

Transmission Market (continued)

Transmission Supplier Details

Transmission Supplier Details (continued)

Future Trends

Transmission Market

Transmission Market (continued)

Transmission Supplier Details

Future Trends

Transmission Market

Transmission Market (continued)

Transmission Market (continued)

Transmission Supplier Details

Future Trends

Transmission Market

Transmission Market (continued)

Transmission Supplier Details

Future Trends

Captive Suppliers—Snapshot

Company Profile—Eaton

Company Profile—ZF

Company Profile—Allison

Global HDT Forecast—Powertrain Share and Forecast by Region

Electric Powertrain Snapshot—North America

Electric Powertrain Snapshot—Europe

Electric Powertrain Supplier Snapshot

Diesel Powertrain—Transmission Technology Impact on TCOs

Key Takeaways

Growth Opportunity 1—AMT Becomes the Preferred Transmission within the Decade in India and China

Growth Opportunity 1—AMT Becomes the Preferred Transmission within the Decade in India and China (continued)

Growth Opportunity 2—Invest in Advanced Electrification Concepts to Develop Multifaceted Portfolio Offerings for All Segments

Growth Opportunity 2—Invest in Advanced Electrification Concepts to Develop Multifaceted Portfolio Offerings for All Segments (continued)

Growth Opportunity 3—Refuse Application to Boom in India; AT to be the Most Suitable for the Application

Growth Opportunity 3—Refuse Application to Boom in India; AT to be the Most Suitable for the Application (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The global transmission market for heavy-duty (HD) commercial vehicles has changed drastically in the past few years. Manual transmission (MT) was the go-to option for all drivers in the North American market due to its robust gears, the expertise required, and low initial cost. However, drivers—especially those new to the industry—have embraced automated manual transmission (AMT), which offers driving ease with no clutch pedal and no gear shifts. Today, AMT holds the major share of the on-highway segment in North American Class 8 trucks. Industry experts even commented that original equipment manufacturers (OEMs) in North America and Europe would not offer MT by the decade's end (2030). The transition toward AMT has yet to happen in China and India, mainly due to initial cost setbacks and a lack of technological awareness. However, Frost & Sullivan expects this to change by mid-decade, with over 60% of Chinese and Indian HD trucks offering AMT by 2030. We project fully automatic transmission (AT) to continue to hold the major market share in the refuse/waste management segment. The waste management segment is forecast to boom—especially in India, where there is a projected exponential growth in metropolitan cities—resulting in the high sale of fully AT for these applications. Electric powertrains are likely to drive nearly 27% of the global heavy-duty truck (HDT) segment in 2030, leading to a focus on e-transmissions. Unlike conventional transmissions, which are engine-driven and require multiple gears for optimal driving, e-transmissions are motor-driven. They need only 1–2 gears to provide the necessary torque/vehicle cruising requirements. Notably, only Eaton and Volvo have ventured into 6 and 12 gear transmissions, respectively. All other manufacturers use either one shift or two shift transmissions for electric trucks. Several suppliers do not even have a gearbox and have a direct drive technology instead. In summary, the next decade will be a transformational period for the transmission market. Strategic growth decisions are vital to ensure stakeholders do not get left behind in the technological advancement race. Through this report, Frost & Sullivan provides market insights and growth opportunities that market participants can pursue to enable sustained growth.--BEGIN PROMO--

Key Issues Addressed

  • Who are the major drivetrain suppliers, and what type of transmission do they currently offer to different OEs and across regions
  • What is the future scope of offerings, and what steps do the Tier I and captive transmission suppliers take toward their future offerings
  • Which application will use which transmission type, and what is its role in the shifting trends of transmission technology
  • Which transmission technology will hold a major share in the next decade, and what factors are driving it
  • What is the current landscape in electric transmission, and how will the electric powertrain shape up in the next decade

Author: Christus Divyan

More Information
No Index No
Podcast No
Author Christus Divyan
Industries Automotive
WIP Number PC40-01-00-00-00
Keyword 1 Heavy-duty Commercial Vehicle Transmission Market
Keyword 2 global transmission market
Keyword 3 Automated Manual Transmission
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9813-A6,9B01-A6,9963-A6,9965-A6