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 SWOT Analysis Chapter
Since 2011, the market for powertrain parts and transmissions has grown, as automakers have recovered from recessionary lows. Industry value added (IVA), a measure of the industry's contribution to the economy, is forecast to rise at an average annual rate of 3.4% over the 10 years to 2021, compared with GDP growth of 2.2% over the same period. Although the industry is expected to grow at a faster rate than the overall economy over the 10-year period, this is not indicative of a growing industry. The high growth can be attributed to the industry starting at a relatively low base, due to depressed postrecessionary automobile sales in prior to 2011... purchase to read more