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U.S. Motor Vehicle Transmission And Power Train Parts Market. Analysis And Forecast to 2030
Report Update: Feb 1, 2025

U.S. Motor Vehicle Transmission And Power Train Parts Market. Analysis And Forecast to 2030

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Jun 4, 2024

U.S. Imports of Motor Vehicle Transmission Decline Marginally to $11.3 Billion in 2023

U.S. Motor Vehicle Transmission Imports

In 2023, overseas purchases of motor vehicle transmission and power train parts decreased by -25.6% to 856K tons for the first time since 2020, thus ending a two-year rising trend. In general, total imports indicated measured growth from 2013 to 2023: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of 34%. As a result, imports attained the peak of 1.1M tons, and then dropped sharply in the following year.

In value terms, motor vehicle transmission imports fell slightly to $11.3B (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +3.3% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked at $11.3B in 2022, and then declined in the following year.U.S. Motor Vehicle Transmission Imports By Country (Billion USD)

COUNTRYImport Value of Motor Vehicle Transmission in U.S. (billion USD)
20132014201520162017201820192020202120222023
Mexico2.52.82.92.83.03.13.02.73.33.94.3
Japan2.12.02.01.91.71.61.51.21.51.51.4
South Korea0.60.70.70.70.60.70.80.71.11.41.3
Canada1.01.11.01.11.11.21.20.91.11.21.2
Germany0.70.80.70.60.60.60.70.70.80.80.9
China0.50.60.60.70.70.90.80.60.70.80.7
India0.10.20.20.20.20.20.30.20.30.40.5
Others0.60.70.80.80.91.11.21.01.21.41.1
Total8.28.89.08.68.89.49.68.110.111.311.3

Imports by Country

Mexico (201K tons), South Korea (154K tons) and Japan (152K tons) were the main suppliers of motor vehicle transmission imports to the United States, together comprising 59% of total imports. China, India, Canada and Germany lagged somewhat behind, together accounting for a further 30%.

From 2013 to 2023, the biggest increases were recorded for India (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($4.3B) constituted the largest supplier of motor vehicle transmission and power train parts to the United States, comprising 38% of total imports. The second position in the ranking was taken by Japan ($1.4B), with a 12% share of total imports. It was followed by South Korea, with an 11% share.

From 2013 to 2023, the average annual growth rate of value from Mexico amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.9% per year) and South Korea (+7.1% per year).

Import Prices by Country

In 2023, the motor vehicle transmission price amounted to $13,152 per ton (CIF, US), growing by 33% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $14,449 per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($25,244 per ton), while the price for China ($6,479 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Canada (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the motor vehicle transmission market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • NAICS 336350 - Motor vehicle transmission and power train parts manufacturing

Companies mentioned:

  • American Axle & Manufacturing Holdings
  • Allison Transmission
  • GKN Driveline North America
  • Ryobi Die Casting (usa)
  • R. H. Sheppard Co.
  • Aw North Carolina
  • Dexter Axle Company
  • Kyklos Bearing International
  • John Deere Coffeyville Works
  • Warner Electric
  • Fabco Automotive Corporation
  • American Axle & Manufacturing
  • Means Industries
  • Neapco Holdings
  • Neapco Components
  • GKN America Corp.
  • Dynamic Manufacturing
  • Cloyes Gear and Products
  • Powertech America
  • Reliance Electric Company
  • Thyssenkrupp Crankshaft Company
  • Borgwarner Transmission Systems
  • Capco Automotive Products Corporation
  • The Gleason Works
  • Neapco Drivelines
  • Borgwarner Emissions Systems of Michigan
  • Nta Precision Axle Corporation
  • Fabco Automotive Corporation

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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