The global transmission mounts market is projected to witness a CAGR of 4.51% during the forecast period 2024–2031, growing from USD 5.01 billion in 2023 to USD 7.13 billion in 2031. Just like other drivetrain mounts, the transmission mount plays a crucial role in any vehicle. Most four-wheelers have at least one, and occasionally two or more, transmission mounts in addition to two or three engine mounts. The transmission mount, in conjunction with bell housing bolts, ensures the safety and security of the gearbox under the hood. Increased demand for durable vehicles, along with expanding manufacturing lines. The transmission mounting bracket is typically made of a variety of materials, including magnesium, steel, and aluminum.
Excessive vibrations from a loose mount in the engine mount system might harm the engine mount and other components in the vicinity. Furthermore, it reduces the bounce produced by the engine’s shock excitation. Shock is reduced by tying the mounting system’s rigidity and damping to the frequency and amplitude. Due to this problem, dependable transmission mounting brackets have become important for maintaining system safety. The global market for transmission mounts is highly impacted by the expansion of product lines and manufacturing spaces.
For instance, in March 2024, Pioneer Automotive Industries launched 26 new numbers for engine and transmission mount. Included in this are the engine, torque strut, driveshaft center support, and mounts for both automatic and manual transmissions. 16.6 million mid- and late-model vehicles that are now in the service interval age for these components will be covered by the expansion.
Rising Demand for Quieter Vehicles to Fuel Market Expansion
The evolving behavioural patterns of consumers and demand for premium and quieter vehicles are anticipated to fuel the demand for automotive anti-vibration products such as bushings, brackets, and mounts. It involves a different range of mounts, such as engine mounts, suspension mounts, and transmission mounts. The transmission system carries its weight along with the weightage of additional load while mount delivers the underlying support. The overall system includes two components: a mount and a bracket. The bracket is made of steel, while the mount comprises bolted rubber bushing. The new premium range of vehicles, with people preferring noiseless functionality and operations, is anticipated to propel market growth. New research and development facilities with testing ranges are projected to help the market gain traction during the anticipation period. New products, including lightweight transmission mounting and bushings, are in high demand, and hence companies tend to add these products.
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For instance, Anand NVH Products offers a long range of anti-vibration products, including strut mounts, body mounts, control arm bushes, suspension arm bushes, and transmission mounting equipment. When driving on uneven, rough roads or when braking or accelerating quickly, this bushing effectively reduces noise and vibrations.
The Advent of Durable Lightweight Vehicles to Transform the Market Dynamics
The higher demand for vehicles with advanced aerodynamics, stiff design, and flexible transmission is expected to fuel market growth. Lightweight vehicles demand lighter vehicle components, including chassis, mounts, bushings, and brackets. Furthermore, companies extend their research and development programs to add features like finish, lightweights, and high strength to their products that get further accepted by major automotive giants. The primary drivers of the rising number of sales and manufacture of passenger automobiles worldwide are increasing urbanization, the development of road infrastructure, the rise in disposable income, and the improvement in population living standards. The market for premium natural rubber is expanding due to the growing need for transmission mounting brackets with exceptional load-bearing capacity and vibration resistance, which in turn is driving the rise of the passenger car segment.
For instance, Anchor Industries offers transmission mounts with OEM quality, higher performance, fit, form, and function. These mounts also come with full-line coverage, a huge inventory, and great service. To guarantee optimum life and performance, natural and Styrene Butadiene (SBR) rubbers both offer strong aging stability and abrasion resistance.
Government Compliance Policies and Production Incentives to Fuel Market Growth
The government allows automotive equipment companies to flourish through tax cuts and production-linked incentives. The authorities also have compliance policies to keep quality checks, pushing manufacturers to advance their production methods. The incentives for innovative transmission mounting or engine mounting are anticipated to fuel market growth. It is anticipated that these programs will promote the development of both domestic and international supply chains and stimulate extensive localization of AAT products. The programs focus mostly on lightweight, emission-free manufacturing. Authorities also focus on building equipment with alternative materials like carbon fiber and advanced rubbers. For instance, the Biden administration declared that it would provide grants and loans totaling USD 12 billion to automakers and suppliers so they could modify their facilities to manufacture electric and other cutting-edge automobiles.
Asia-Pacific Region Leads in the Global Transmission Mounts Market
Asia-Pacific now has the largest revenue share of the global market and is predicted to grow even more in the years to come because of the region’s growing need for powerful yet fuel-efficient automobiles. The expanding manufacturing spaces for automotive equipment and safety gear are giving birth to new supply channels and distribution networks. Sustainable manufacturing solutions with workshop automation are likely to fuel market growth.
Government authorities across the region are focused on building healthy manufacturing units to cater to extensive exports. Additionally, it’s predicted that the rapidly growing automobile manufacturing sector will propel market growth in this area. Furthermore, it is anticipated that this region will see a high demand for luxury automobiles and transmission mounting brackets from nations with high passenger car populations, such as China and India.
Based in India, Trinity Auto Engineering delivers rubber mountings and transmission mounts at reasonable rates. These transmission mounts are customizable and made to fit over a wide range of appliances. The company’s goal is to maintain the clients’ happiness and satisfaction with the offered products and services.
Future Market Scenario (2024–2031F)
1. Sustainable manufacturing practices and the use of recyclable materials are anticipated to transform the market dynamics.
2. The expanding automotive presence in emerging economies like India and China, along with the increased sales of passenger vehicles, is likely to fuel market growth.
3. Government efforts in the form of tax cuts and incentives are expected to push the sale of transmission mounts across the globe.
Report Scope
“Transmission Mounts Market Assessment, Opportunities, and Forecast, 2017–2031F”, is a comprehensive report by Markets and Data, that provides an in-depth analysis and qualitative and quantitative assessment of the current state of the global transmission mounts market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
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