In 2023, the import volume of transmissions for motor vehicles to China stood at an estimated 820 million kilograms. The data forecasts a steady increase through 2028, with the import volume expected to reach about 961 million kilograms. This represents a compound annual growth rate (CAGR) of approximately 3.2% from 2023 to 2028. Year-on-year growth percentages from 2024 show a consistent upward trajectory, reflecting a stable demand in the market.
In terms of future trends, it is crucial to monitor advancements in electric vehicles (EVs) technology, as shifts towards EVs may influence traditional transmission markets. Additionally, trade policies and regional manufacturing developments could impact import dynamics.
