The import of transmissions for motor vehicles to the US is forecasted to steadily increase from 2024 to 2028. From 2023, where data stood at an estimated 650 million kilograms, the year-on-year growth shows a consistent trend: 2024 at 1.71%, 2025 at 1.73%, 2026 at 1.68%, 2027 at 1.60%, and 2028 at 1.55%, resulting in a compound annual growth rate (CAGR) of approximately 1.67% over five years. This rise reflects a steady demand in the automotive supply chain.
Future trends to watch for include:
- Changes in automotive technology influencing transmission demand.
- Potential trade policy shifts impacting imports.
- Trends in electric vehicle adoption affecting traditional transmission needs.
