Commercial Vehicle Transmission Oil Pump and Transmission System Market Size, Trends and Growth Analysis by 2027

The global market for commercial vehicle transmission oil pumps and transmission systems is projected to expand from US$ 29,302.0 million in 2021 to US$ 44,394.08 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.1% during the period from 2021 to 2028.

One of the primary factors driving this market growth is the rapid technological advancements in automotive transmission systems being implemented by manufacturers. Additionally, the increasing adoption of continuously variable transmission (CVT) and dual-clutch transmission (DCT) technologies in both manual and automatic vehicles is expected to further propel market demand. This shift is largely due to consumer preferences for fuel-efficient vehicles that offer enhanced performance. In response to these trends, many automotive manufacturers are now introducing intelligent manual transmission (IMT) systems, which enable drivers to change gears without the need to engage the clutch.

The rising demand for automatic vehicles, particularly in emerging markets such as China, India, Brazil, and Russia, is significantly contributing to the anticipated growth of the global commercial vehicle transmission oil pump and transmission system market. This surge in demand can be attributed to the increase in per capita disposable income and consumer spending in these regions. Furthermore, the expansion of the market is being accelerated by ongoing technological innovations and heightened research and development (R&D) activities. However, the presence of competitors offering lower-cost alternatives poses a significant challenge to market growth.

Several organizations oversee the commercial vehicle transmission oil pump and transmission system market, including the Society of Indian Automobile Manufacturers (SIAM), China Association of Automobile Manufacturers (CAAM), Environmental Protection Agency (EPA), International Council on Clean Transportation (ICCT), and the European Automobile Manufacturers Association (EAMA).

Key players in the commercial vehicle transmission oil pump and transmission system market include:

• Allison Transmission Holdings INC


• BorgWarner INC


• Chongqing Hanjiang Gear Transmission Co., Ltd


• Daimler AG


• Eaton Corporation


• HYUNDAI TRANSYS


• Mack Trucks


• Scania


• Sinotruk (Hong Kong) Limited


• Jinan Transmission Division


• Datong Gear Co., Ltd


• Shaanxi Fast Auto Gear Co., Ltd


• Volvo


• Voith GmbH


• ZF Friedrichshafen


• Zhejiang Wanliyang Co., Ltd


• Scherzinger Pumpen GmbH & Co. KG


• Fuxin Del Auto Parts Co., Ltd.


• SLPT


• Vitesco Technologies


• SHW


• MAHLE GMBH

The overall market size for commercial vehicle transmission oil pumps and transmission systems has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aimed to provide a comprehensive overview and forecast of the market across various segments and regions.

In addition to secondary research, numerous primary interviews were conducted with industry stakeholders and experts to validate the collected data and gain deeper analytical insights. Participants in this process included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants, including valuation experts, research analysts, and key opinion leaders specializing in the commercial vehicle transmission oil pump and transmission system sector.