Technavio, a tech-focused market research firm, has published a new report on the global AMT market in commercial vehicles, which is expected to post an impressive growth rate with a CAGR of more than 9% during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global AMT market in commercial vehicles for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global AMT market in commercial vehicles into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global AMT market in commercial vehicles for 2015 (market share %)
|
EMEA |
39% |
|
Americas |
36% |
|
APAC |
25% |
Source: Technavio
AMT market in commercial vehicles in EMEA
In 2015, EMEA accounted for around 39% share in the global AMT market in commercial vehicles.
According to Abhay Sinha, a lead analyst at Technavio, specializing in research on powertrain, “Europe is the highest contributor to the AMT market in EMEA. This is due to the stringent government regulations on emissions from commercial vehicles that made it mandatory for OEMs to adopt AMT system in their vehicles. The growing demand for commercial vehicles in Western Europe will have a positive impact on the AMT market.”
The Middle East is experiencing a moderate growth attributable to various structural concerns, weak institutional structures, and volatile geopolitical situations in Iraq, Syria, and Libya. However, these countries offer immense potential for growth with the stability of political and economic conditions. The commercial vehicles market in Africa experienced a major growth over the past few years due to strong growth in investments in infrastructure, civil construction, and sustained development in the energy sector.
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AMT market in commercial vehicles in the Americas
North America, especially the US, is a major hub of the AMT market in the Americas. Mexico is also a popular automotive manufacturing hub in North America. OEMs are capitalizing on real estate and inexpensive labor forces in Mexico to establish production facilities. South American countries, such as Argentina and Brazil, offer good opportunities for AMT market in commercial vehicles due to the high level of shipments in the Americas. The application of AMT in agriculture and forestry will provide an opportunity for the growth of the AMT market in the Americas.
AMT market in commercial vehicles in APAC
The AMT market in commercial vehicles in the APAC region is anticipated to be the fastest-growing one, posting a CAGR of around 21% during the forecast period. Apart from attractive demand side factors, APAC has also become a prime offshore location for automotive manufacturing. Such attraction is attributed to cost arbitrages, government incentives, and raw material advantages. In the past decade, this region experienced heavy investments from the entire automotive value chain in the form of R&D facilities and manufacturing, especially in countries like Japan, China, and India. The level of competition has drastically increased as more AMT manufacturers are entering the fast-growing APAC market. Increased competition among commercial vehicle makers has pushed several AMT manufacturers to shift production bases to the developing countries such as China. China is the manufacturing hub for AMT manufacturers, while the AMT market in commercial vehicles in India is expected to grow at a CAGR of around 66% during the forecast period. The increase in e-commerce business and government investment in infrastructure for developing smart cities will benefit the AMT market in commercial vehicles.
The top leading vendors operating in the global AMT market in commercial vehicles are:
- WABCO
- ZF Friedrichshafen
- Eaton
Other prominent vendors in the market include Shaanxi Fast Auto Drive, Allison Transmission, and Mack Trucks.
A more detailed analysis is available in the Technavio report titled, ‘Global AMT Market in Commercial Vehicles 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Electronically Controlled Air Suspension Market in Commercial Vehicles 2016-2020
- Global Automotive Biometric Vehicle Access System Market 2016-2020
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