Industry Analysis & Industry Trends
The success of the Automobile Transmission Manufacturing industry is closely linked to the performance of motor vehicle manufacturers. Over the five years to 2016, domestic vehicle production in the United States has accelerated dramatically. Rising discretionary income coupled with greater financing opportunities have driven consumers to purchase new vehicles. In turn, this has shifted demand for transmissions into high gear. In the five years to 2021, industry revenue is anticipated to rise at a slower rate. Sales have now recovered to prerecessionary levels, which will preclude growth from reaching the same heights it did between 2011 and 2016. In addition, electric vehicles may become a threat to traditional transmission manufacturers.
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Industry Report - Industry Products Chapter
The Automobile Transmission Manufacturing industry is one of the principal suppliers to manufacturers of light, heavy and special-purpose vehicles. Transmissions and related parts are integral components of the mechanical systems in automobiles. The products this industry manufactures handle torque produced by a vehicle's engine and distribute it to the vehicle's wheels.
Automobile transmissions are the most complex product this industry manufactures. Transmissions are the first major connection point between the engine, through a crankshaft, and the rest of the drivetrain. Transmissions convert the high rotational speed output of an engine to a lower speed more suitable for driving wheels... purchase to read more