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 2015, 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 coming years, industry revenue is anticipated rise at a slower rate. Sales have now recovered to prerecessionary levels, which will preclude growth from reaching the same heights it did between 2010 and 2015... purchase to read more
Industry Report - Starting a New Business Chapter
The compatibility of many automakers' platforms with only select powertrain products presents a significant hurdle for new entrants. Acquiring customers in some markets would require downstream manufacturers to alter chassis specifications that sometimes cost tens of millions of dollars to develop. In addition, new entrants must establish upstream relationships with material suppliers, which can be a costly and time-consuming procedure. The reduced input costs enjoyed by incumbent manufacturers gives them a distinct advantage over new competitors.
Global markets are even more difficult to enter without proper strategic alliances and contacts... purchase to read more