Industry Analysis & Industry Trends
During the five years to 2014, the Automobile Transmission Manufacturing industry was strongly impacted by the performance of motor vehicle manufacturers. High gasoline prices, dwindling discretionary income and a lack of financing opportunities drove consumers away from new-vehicle purchases during the recession. When car sales started to decline, the Big Three and other domestic operators halted production lines, severely reducing demand for automobile transmissions. However, the US economy improved over 2010, and the automotive sector was revitalized as consumers unleashed pent-up demand for new car purchases. Over the five years to 2019, the industry's performance will mirror that of the economy and the automotive sector at large, trending upward gradually... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The market for powertrain parts and transmissions is rising as automakers rebuild their businesses in wake of the economic downturn, but the industry as a whole is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the economy, is forecast to rise an average 3.8% annually over the 10 years to 2019, compared with GDP growth of 2.7% 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. This high growth can be attributed to the industry starting at a relatively low recessionary base.
One of the primary reasons for technological innovation within the industry has been new regulation standards... purchase to read more