Transmission Mounting Bracket Market

Transmission Mounting Bracket Market Outlook

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.

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.

What are the Key Drivers and Restraints to the Transmission Mounting Bracket Market?

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.

Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Which is the Biggest Region for Transmission Mounting Bracket Market?

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.

Which are the Key Competitors of the Transmission Mounting Bracket Market?

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

• Anchor Industries Inc. has introduced its upgraded versions of transmission mount bracket that delivers OEM quality, full-line coverage and huge inventory, fuelling the overall sales of transmission mounting brackets.
• A & A Manufacturing introduces its AA-571-A transmission mounting bracket that comes in steel body and helps in enhancing the transmission mounting experience, expanding the transmission mounting bracket market size.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Sign-Up

Scope Of Report