$50.9bn
$X.Xbn
79,349
373
$X.Xbn
Automobile transmission manufacturers have faced challenging conditions in recent years. Drops in vehicle miles and car sales in 2020 left a profound dent in revenues as workers stopped commuting into the office and consumer confidence languished. While there has been a gradual recovery since 2021, the lingering effects of these declines remain evident. Fluctuating commodity prices, especially for steel and crude oil, have only added to the challenges, raising production costs and squeezing profit. These factors have dragged industry revenue down, even as the sector tries to regain its footing. Altogether, industry revenue has been falling at a CAGR of 0.7% to $50.9 billion in the current period, with an increase of 0.1% in 2024.
Industry revenue has declined at a CAGR of 0.7 % over the past five years, to reach an estimated $50.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Dana Inc. | 3,237.4 | 81.6 | 2.5 | |
Allison Transmission Holdings, Inc. | 2,281.1 | 690.6 | 30.3 | |
American Axle & Manufacturing Holdings, Inc. | 2,006.1 | 79.7 | 4.0 |
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Industry revenue is measured across several distinct product and services lines, including Car and light truck transmissions, Motor vehicle axels and parts and Parts for manual and automatic transmissions. Car and light truck transmissions is the largest segment of the Automobile Transmission Manufacturing in the US.
Transmissions account for the bulk of industry revenue
Companies in this industry manufacture transmissions for motor vehicles (cars and light-, medium- and heavy-duty trucks), parts for transmissions and powertrain parts. Industry products include clutches, gears, differentials and axle bearings.
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NAICS 33635 - Automobile Transmission Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Securing business with leading automakers sets manufacturers up for success. Providing top-of-the-line and in-demand transmission systems helps manufacturers secure these luc...
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Profit is set to recover. Manufacturers are getting back up to speed following the struggles brought on by the pandemic, including high commodity prices, which are poised to ...
Including values and annual change:
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The market size of the Automobile Transmission Manufacturing in the US industry in United States is $50.9bn in 2024.
There are 373 businesses in the Automobile Transmission Manufacturing in the US industry in United States, which has declined at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Automobile Transmission Manufacturing in the US industry in United States has been declining at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Automobile Transmission Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Automobile Transmission Manufacturing market in United States are Dana Inc., Allison Transmission Holdings, Inc. and American Axle & Manufacturing Holdings, Inc.
Car and light truck transmissions and Motor vehicle axels and parts are part of the Automobile Transmission Manufacturing in the US industry.
The company holding the most market share in United States is Dana Inc..
The level of competition is moderate and steady in the Automobile Transmission Manufacturing in the US industry in United States.