U.S. Motor Vehicle Transmission And Power Train Parts Market. Analysis And Forecast to 2030
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View PricingUS Motor Vehicle Transmission Prices Average $16.3/kg - A 2% Increase
U.S. Motor Vehicle Transmission Import Price in February 2023
In February 2023, the motor vehicle transmission price amounted to $16.3 per kg (CIF, US), growing by 1.7% against the previous month. Over the period under review, import price indicated a notable increase from February 2022 to February 2023: its price increased at an average monthly rate of +3.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, motor vehicle transmission import price increased by +50.9% against October 2022 indices. The growth pace was the most rapid in January 2023 when the average import price increased by 43% m-o-m. Over the period under review, average import prices reached the maximum in February 2023.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Canada ($28.3 per kg), while the price for China ($8.4 per kg) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Germany (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD Per Kg | |||||||||||||
| Canada | 20.0 | 20.9 | 19.8 | 22.2 | 22.5 | 21.0 | 21.1 | 21.5 | 20.1 | 20.5 | 20.4 | 30.4 | 28.3 |
| Mexico | 22.1 | 22.4 | 21.1 | 22.3 | 22.2 | 22.0 | 20.6 | 20.3 | 21.8 | 20.7 | 21.0 | 25.2 | 25.2 |
| Average | 10.3 | 11.2 | 10.5 | 10.8 | 10.4 | 10.7 | 11.5 | 11.4 | 10.8 | 10.8 | 11.2 | 16.0 | 16.3 |
| India | 6.2 | 6.1 | 6.0 | 6.4 | 5.6 | 6.2 | 6.7 | 6.3 | 6.4 | 9.0 | 7.9 | 7.9 | 9.0 |
| China | 5.3 | 5.4 | 5.5 | 6.0 | 5.1 | 5.5 | 6.2 | 6.0 | 5.5 | 5.6 | 5.9 | 8.9 | 8.4 |
| Japan | 8.2 | 7.6 | 6.8 | 7.4 | 6.5 | 6.6 | 7.1 | 7.6 | 6.9 | 6.6 | 7.2 | 10.9 | 11.9 |
| South Korea | 6.4 | 6.6 | 7.0 | 6.1 | 6.8 | 6.6 | 6.8 | 6.6 | 7.4 | 7.0 | 6.4 | 9.3 | 10.5 |
| Germany | 5.6 | 11.4 | 13.6 | 16.9 | 11.1 | 14.3 | 21.5 | 20.0 | 11.8 | 13.9 | 17.0 | 24.9 | 26.3 |
U.S. Motor Vehicle Transmission Imports
In February 2023, approximately 54K tons of motor vehicle transmission and power train parts were imported into the United States; shrinking by -5.8% on January 2023. In general, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in March 2022 with an increase of 12% month-to-month. Over the period under review, imports reached the peak figure at 96K tons in May 2022; however, from June 2022 to February 2023, imports remained at a lower figure.
In value terms, motor vehicle transmission imports fell slightly to $874M (IndexBox estimates) in February 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 22% m-o-m. Imports peaked at 1M tons in May 2022; however, from June 2022 to February 2023, imports failed to regain momentum.
U.S. Motor Vehicle Transmission Imports by Country
Mexico (13K tons), Japan (8.8K tons) and South Korea (8.7K tons) were the main suppliers of motor vehicle transmission imports to the United States, with a combined 57% share of total imports. China, India, Canada and Germany lagged somewhat behind, together comprising a further 32%.
From February 2022 to February 2023, the biggest increases were in India (with a CAGR of +0.3%), while purchases for the other leaders experienced a decline.
In value terms, Mexico ($324M) constituted the largest supplier of motor vehicle transmission to the United States, comprising 37% of total imports. The second position in the ranking was taken by Japan ($105M), with a 12% share of total imports. It was followed by Canada, with a 12% share.
From February 2022 to February 2023, the average monthly growth rate of value from Mexico was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-0.9% per month) and Canada (+1.6% per month).
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
