Global Truck Transmission System Market 2019-2023

The truck transmission system market size will grow by USD 16.37 billion during 2019-2023. This report offers an analysis of the market based on application (light-duty trucks, and medium and heavy-duty trucks) and geography (North America, APAC, Europe, South America, and MEA). The truck transmission system market research report further analyzes the market’s competitive landscape and offers information on several companies including AISIN SEIKI CO., LTD., Allison Transmission Inc., American Axle & Manufacturing, Inc., Eaton, Magna International Inc., and ZF Friedrichshafen AG.

Global Truck Transmission System Industry Overview
The increased use of aluminum in truck transmission systems is one of the critical factors that will trigger market growth in the forthcoming years. The use of energy-efficient materials such as aluminum help in improving vehicle dynamics while minimizing carbon emissions. Also, aluminum helps in the construction of complex and thin-walled housings and driveline housing which makes the system lightweight. This helps to increase the durability and performance of the vehicle.
Furthermore, the increased use of high-speed transmission in trucks is one of the key trends that will gain traction over the forecast period. Vendors are using innovative materials, advanced design, and an increased number of gears for designing and developing the transmission system. Therefore, the increased use of aluminum coupled with high-speed transmissions system in trucks will lead the market to register a CAGR of close to 6% during the forecast period.
Top truck transmission system companies covered in this market research report
The truck transmission system market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this truck transmission system industry analysis report will help clients frame effective business strategies to strengthen their position in the market.

The report offers a complete analysis of various companies including:
•    AISIN SEIKI CO., LTD.
•    Allison Transmission Inc.
•    American Axle & Manufacturing, Inc.
•    Eaton
•    Magna International Inc
•    ZF Friedrichshafen AG

Truck transmission system market segmentation based on geographic regions
•    North America
•    APAC
•    Europe
•    South America
•    MEA
North America will account for the highest truck transmission system market share throughout the forecast period. Increasing consumer preference for large utility vehicles in the US, Canada, and Mexico account for the high market share of this region.

Truck transmission system market segmentation based on application
•    Light-duty trucks
•    Medium and heavy-duty trucks

The light-duty trucks application segment will account for the highest incremental growth over the forecast period. Additionally, the report also provides an accurate prediction of the contribution of all the application segments to the growth of the truck transmission system market size.

Key highlights of the global truck transmission system market for the forecast years 2019-2023:
•    CAGR of the market during the forecast period 2019-2023
•    Detailed information on factors that will accelerate the growth of the truck transmission system market during the next five years
•    Precise estimation of the global truck transmission system market size and its contribution to the parent marke
•    Accurate predictions on upcoming trends and changes in consumer behavior
•    The growth of the truck transmission system industry across North America, APAC, Europe, South America, and MEA
•    A thorough analysis of the market’s competitive landscape and detailed information on several vendors
•    Comprehensive details on the factors that will challenge the growth of truck transmission system companies