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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
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Public Company Information | ||
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2024 U.S. Industry Statistics & Market Forecast - Motor Vehicle Transmission and Power Train Parts Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Motor Vehicle Transmission and Power Train Parts Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Automobile Transmission & Power Train Parts Manufacturing Industry is undergoing a transformation due to several key trends. One of the most significant trends is the shift towards electric and hybrid vehicles. With the rise of environmental concerns and the push towards sustainability, there is a growing demand for electric vehicles, forcing manufacturers to adapt their designs and production processes to fit these new standards and requirements.Another trend affecting the industry is the increased use of automated and connected vehicles. Manufacturers are incorporating advanced features such as autonomous driving, advanced sensor technology, and self-diagnostic systems in their designs to enhance safety, driver experience, and efficiency. These features have created new opportunities for specialized transmission and power train parts such as gearboxes, electric motors, and controllers.
Another major trend is the growing demand for lightweight and efficient materials, which promote energy efficiency and reduce emissions. This trend has led to a shift towards alternatives to traditional transmissions, such as continuously variable transmissions and dual-clutch transmissions. Manufacturers are also adopting lightweight materials such as aluminum and carbon fiber, which can significantly reduce the weight of power train parts, making them more efficient and cost-effective.
Lastly, there is increased competition from emerging markets such as China and India, which offer lower labor costs and significant potential growth. Manufacturers must continue to innovate and offer high-quality, safety-focused products to meet global standards and remain competitive in the global marketplace.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Motor Vehicle Transmission and Power Train Parts Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Motor Vehicle Transmission and Power Train Parts Manufacturing industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Motor Vehicle Transmission and Power Train Parts Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 4% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 1% | |||
Architecture and Engineering Occupations | 6% | |||
Office and Administrative Support Occupations | 5% | |||
Installation, Maintenance, and Repair Occupations | 6% | |||
Production Occupations | 65% | |||
Assemblers and Fabricators | 31% | |||
Engine and Other Machine Assemblers | 5% | |||
Engine and Other Machine Assemblers | 5% | |||
Miscellaneous Assemblers and Fabricators | 23% | |||
Metal Workers and Plastic Workers | 20% | |||
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
Other Production Occupations | 8% | |||
Transportation and Material Moving Occupations | 7% | |||
Material Moving Workers | 7% |
Motor Vehicle Transmission and Power Train Parts Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Motor Vehicle Transmission and Power Train Parts Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Motor Vehicle Transmission and Power Train Parts Manufacturing industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Motor Vehicle Transmission and Power Train Parts Manufacturing industry. |
Source:
Innovation News
- Jan 04, 2024: Currie Enterprise trademarks "C" - Vehicle parts
- Dec 08, 2023: Ream Man Valve Bodies trademarks "REAM MAN" - Online and retail store services featuring mechanisms for automatic transmissions sold as aftermarket parts for land motor vehicles
- Dec 01, 2023: Ream Man Valve Bodies trademarks "REAM MAN VALVE BODIES" - Online and retail store services featuring aftermarket parts for land motor vehicle transmissions
- Nov 02, 2023: Superior Transmission Parts patents Devices And Method For Regulating Cooler Flow Through Automotive Transmissions
- Oct 19, 2023: Superior Transmission Parts patents Devices And Method For Regulating Cooler Flow Through Automotive Transmissions
- Dec 03, 2020: Superior Transmission Parts patents System And Method For A Clutch Balance Piston Pressure Regulation System
Recent Federal Contracts for Motor Vehicle Transmission and Power Train Parts Manufacturing- Apr 02, 2024: APPLETON MARINE INC (Appleton, WI) awarded $46,760
- Mar 25, 2024: RJ BORDER INTERNATIONAL, L.P. (El Paso, TX) awarded $14,699
- Apr 02, 2024: APPLETON MARINE INC (Appleton, WI) awarded $46,760
- Mar 25, 2024: RJ BORDER INTERNATIONAL, L.P. (El Paso, TX) awarded $14,699
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