U.S.: Motor Vehicle Transmission Market Overview 2020

Motor Vehicle Transmission Market Size in the U.S.

For the third year in a row, the U.S. motor vehicle transmission market recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in years to come.

Motor Vehicle Transmission Production in the U.S.

In value terms, motor vehicle transmission production rose to $X in 2019. The total output value increased at an average annual rate of +X% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level in 2019 and is expected to retain growth in the immediate term.

Motor Vehicle Transmission Exports

Exports from the U.S.

In 2019, shipments abroad of motor vehicle transmission and power train parts increased by X% to X units, rising for the fourth consecutive year after two years of decline. In general, total exports indicated a strong expansion from 2013 to 2019: its volume increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, motor vehicle transmission exports contracted significantly to $X in 2019. The total export value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2018, and then declined significantly in the following year.

Exports by Country

Mexico (X units) was the main destination for motor vehicle transmission exports from the U.S., accounting for a X% share of total exports. Moreover, motor vehicle transmission exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), twofold.

From 2013 to 2019, the average annual growth rate of volume to Mexico amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and China (+X% per year).

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for motor vehicle transmission exported from the U.S. worldwide, together accounting for X% of total exports.

Among the main countries of destination, China recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motor vehicle transmission export price stood at $X per unit in 2019, dropping by -X% against the previous year. In general, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced a decline.

Motor Vehicle Transmission Imports

Imports into the U.S.

In 2019, supplies from abroad of motor vehicle transmission and power train parts increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, motor vehicle transmission imports expanded modestly to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, Japan (X units) constituted the largest motor vehicle transmission supplier to the U.S., accounting for a X% share of total imports. Moreover, motor vehicle transmission imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Mexico (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2019, the average annual growth rate of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Mexico (+X% per year).

In value terms, the largest motor vehicle transmission suppliers to the U.S. were Mexico ($X), Japan ($X) and Canada ($X), with a combined X% share of total imports. South Korea, China, Germany and India lagged somewhat behind, together comprising a further X the main suppliers, India saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motor vehicle transmission import price stood at $X per unit in 2019, falling by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of motor vehicle transmission and power train parts to the U.S.?

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In value terms, the largest motor vehicle transmission suppliers to the U.S. were Mexico ($3B), Japan ($1.5B) and Canada ($1.2B), with a combined 60% share of total imports. These countries were followed by South Korea, China, Germany and India, which together accounted for a further 28%.

What are the leading importers of motor vehicle transmission and power train parts from the U.S.?

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In value terms, Mexico ($1.4B), Canada ($951M) and China ($34M) were the largest markets for motor vehicle transmission exported from the U.S. worldwide, with a combined 88% share of total exports.

What is the average export price for motor vehicle transmission and power train parts in the U.S.?

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In 2019, the average motor vehicle transmission export price amounted to $31 per unit, dropping by -33.5% against the previous year.

What is the average import price for motor vehicle transmission and power train parts in the U.S.?

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The average motor vehicle transmission import price stood at $9.8 per unit in 2019, shrinking by -1.5% against the previous year.