Transmission Sales Market to grow at a CAGR of 6.82% from 2022 to 2027, 17000+ Technavio Reports

NEW YORK, Jan. 23, 2024 /PRNewswire/ -- According to Technavio, the transmission sales market is to grow by USD 6.90 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 6.82% with a YOY growth rate of 6.58% during the forecast period. Europe held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 37%.

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Technavio has segmented the market based on Type (Reciprocating, Rotatory, Centrifugal, and Axial Flow), End-user (Oil and Gas, Power Generation, Water and wastewater management, and Others), and Geography (Europe, North America, APAC, South America, and Middle East and Africa).

    --  The market share growth by the reciprocating segment will be significant
        during the forecast period. Reciprocating engines, also known as piston
        engines, operate through to-and-fro motion. The combustion of the
        fuel-air mixture generates pressure, initiating the reciprocating motion
        of the piston, which is then converted into rotary motion by the
        crankshaft. Currently holding a 100% share in automotive engines, the
        demand for fuel-efficient vehicles, driven by safety awareness, is
        increasing the demand for reciprocating engines. Additionally, there's a
        growing trend in the development and integration of
        performance-enhancing systems.

Based on geography, the global transmission sales market is segmented into Europe, North America, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global transmission sales market.

    --  Europe is estimated to contribute 37% to the growth of the global market
        during the forecast period. Several upcoming pipeline projects in the
        region aim to enhance the natural gas supply. Notable plans include
        delivering natural gas from Turkey to Greece and Bulgaria and the
        Trans-Anatolian Natural Gas Pipeline (TANAP) transporting gas from
        Azerbaijan to Europe via Turkey. These projects are expected to
        significantly increase natural gas consumption in Europe as the region
        shifts towards natural gas-based power generation.

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The developments in cross-border and cross-country pipeline infrastructure are key factors driving market growth. Pipelines are a vital mode of transportation in the oil and gas sector, especially when other means are impractical. As demand rises, the oil and gas pipeline network continues to grow, connecting new exploration sites to refineries and meeting the transportation needs of crude oil, natural gas, and petroleum products.

Technological advances in pipeline inspection are a major trend in the Transmission Sales Market. Volatility in raw material prices is a significant challenge restricting market growth.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a Free sample report!

Major Technologies

Growing trade activities in the global oil and gas sector are driving the construction of cross-country and cross-border pipelines. This surge in pipeline projects worldwide will boost the demand for pipeline monitoring equipment and management software systems to ensure efficient operations. Automatic Transmission, Manual Transmission, Continuously Variable Transmission (CVT), Dual-Clutch Transmission (DCT), Electric Vehicle (EV) Transmissions, Hybrid Transmissions, Torque Converters, Gearboxes, Transmission Fluids, OEM (Original Equipment Manufacturer), Aftermarket Sales, Automotive Industry, Vehicle Powertrain, Drivetrain Components, Transmission Control Units (TCU), Transmission Repair and Maintenance, Transmission Efficiency, Vehicle Fuel Economy, Heavy-Duty Transmissions, Commercial Vehicles, Automotive Supply Chain, Gear Ratios, and Transmission Sensors are all crucial elements in ensuring the seamless functioning of these pipelines, highlighting the interconnected nature of the oil and gas industry with the automotive sector.

What are the key data covered in this Transmission Sales Market report?

    --  CAGR of the market during the forecast period
    --  Detailed information on factors that will drive the growth of the
        Transmission Sales Market between 2023 and 2027
    --  Precise estimation of the size of the Transmission Sales Market size and
        its contribution to the market in focus on the parent market
    --  Accurate predictions about upcoming trends and changes in consumer
        behavior
    --  Growth of the Transmission Sales Market industry across Europe, North
        America, APAC, South America, and Middle East and Africa
    --  A thorough analysis of the market's competitive landscape and detailed
        information about companies
    --  Comprehensive analysis of factors that will challenge the growth of
        Transmission Sales Market companies

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About US
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