The transmission mounting bracket market is likely to strengthen its hold at a CAGR of 6.8% during the forecast period. The transmission mounting bracket market is estimated to be valued at US$ 92.39 Bn in 2022 and is likely to cross US$ 167.02 Bn by the end of 2032.
The transmission mounting bracket market is anticipated to show promising growth prospects during the forecast period.
| Attributes | Details |
| Transmission Mounting Bracket Market CAGR (2022-2032) | 6.8% |
| Transmission Mounting Bracket Market Value (2022) | US$ 92.39 Bn |
| Transmission Mounting Bracket Market Value (2032) | US$ 167.02 Bn |
The demand for transmission mounting bracket is projected to grow as they are increasingly being used in vehicles for replacing the transmission system components, including mount busing and transmission bracket. Mostly they are inseparable from each other, leading up to the failure of transmission mount.
Upsurge in number of vehicles worldwide along with growing consumer preference for improved and safer driving experience are resulting in increased demand for transmission mounting bracket.
As automation and digitization with latest technology hits the automotive industry, automatic and semi-automatic transmission systems are rapidly growing in demand, which is further boosting the demand for transmission mounting bracket.
Covid-19 adversely affected the transmission mounting bracket market share as it forced governments to put restrictions and ban on travel and logistics that led people to use their vehicle less, declining the sales of transmission mounting bracket among other automobile equipment.
A transmission system for transferring power developed by engine to wheels of a vehicle includes two main components – a mount and a transmission mounting bracket. A mount made of rubber is generally welded, bolted or chemically bonded to the transmission mounting bracket, boosting the sales of transmission mounting bracket.
While steel remains a highly preferred material for transmission mounting brackets, followed by magnesium and aluminium, manufacturers are focusing on leveraging novel materials that align with ongoing weight reduction trend in the automotive industry, increasing the demand for transmission mounting bracket in multiple regions.
Transmission mounting bracket plays a vital role in an engine system, ensuring safety of motor and efficient transmission of power when subjected to high number of vibrations during the ride. In addition, rubber or urethane bushing of the mount isolates the drivetrain vibration which significantly reduces noise levels are fuelling the sales of transmission mounting bracket.
In an engine mounting system, a loose mount can result into excessive vibration causing damage to engine mounts and the parts in its direct vicinity. This factor prompts a strong demand for reliable transmission mounting bracket to keep the system safe.
Moreover, growing consumer demand for a greater degree of ride comfort will continue to remain instrumental to the growth of the transmission mounting bracket market.
In addition, wide availability of counterfeit products from the Chinese market is expected to hamper the transmission mounting bracket market growth.
In Asia Pacific, countries with prominent fleet of passenger vehicles such as India and China are expected to generate high demand for transmission mounting bracket. Strong aftermarket sales of transmission mounting bracket, amid declining auto sales and significant growth of pre-owned cars market in the region, are likely to continue to benefit the market players. .
Demand for luxury vehicles and sports cars in North America is resulting in robust growth of the transmission mounting bracket market. Owing to steady development of automotive industry in Middle East & Africa, sales of transmission mounting bracket in the region are set to pick pace.
Furthermore, in European countries such as Germany, France and Italy, strong automotive industry remains key growth influencer of the transmission mounting bracket market size.
The key players of the Transmission mounting bracket market are focusing on mergers and collaborations that are predicted to fuel the sales of transmission mounting bracket.
Key players in the transmission mounting bracket market include A & A Manufacturing, Anchor Industries Inc, Innovative Mounts, Dorman Products Inc, Guangzhou Zunyue Auto Parts Co. Ltd, Guangzhou Kowze Auto Parts Co. Ltd. and Benchao Auto Parts Co. Ltd
Recent Market Development
| Report Attribute | Details |
| Growth Rate | CAGR of 6.8% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 – 2021 |
| Forecast period | 2022 – 2032 |
| Quantitative units | Revenue in USD Billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Vehicle, Material, Mounting Position, Sales Channel, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | A & A Manufacturing, Anchor Industries Inc, Innovative Mounts, Dorman Products Inc, Guangzhou Zunyue Auto Parts Co. Ltd, Guangzhou Kowze Auto Parts Co. Ltd. And Benchao Auto Parts Co. Ltd |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Asia Pacific is predicted to dominate the transmission mounting bracket market.
Key Players holding substantial transmission mounting bracket market share include A & A Manufacturing, Anchor Industries Inc, Innovative Mounts, and Dorman Products Inc.
Demand for transmission mounting bracket is likely to increase with its use in automotive manufacturing hubs and vehicle maintenance warehouses.
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