Industrial and Automotive Power Transmission Products Market Analysis

Sales Channel Segment Analysis

Based on sales channel, the OEM (direct) segment in the industrial and automotive power transmission products market is anticipated to garner the largest share of 88.7% by the end of 2035. The segment’s upliftment is highly attributed to its ability to underscore the fundamental nature of power transmission products as mission-critical and integrated components, in comparison to aftermarket accessories. Besides, in the industrial field, gearboxes, drives, and motors are purchased and specified directly by machinery builders or by end users, particularly during the construction and design of the newest heavy equipment, factories, and production lines. In addition, this direct relationship is crucial, owing to the demand for customized and performance guarantees, along with ensuring technical integration, thus making it suitable for the segment’s increased exposure.

Technology Segment Analysis

The electrically assisted and integrated systems segment, part of technology, is projected to hold the second-largest share in the industrial and automotive power transmission products market by the end of the stipulated timeline. The segment’s growth is highly fueled by its adoption in modern society, primarily driven by grid reliability, cost savings, and enhanced efficiency, along with the vital integration of renewable energy sources. The ultimate purpose is to achieve environmental and sustainability goals, which is suitable for boosting the overall industrial and automotive power transmission products market globally. According to an article published by the Journal of Hazardous Materials Advances in February 2025, the requirement for sustainable urban transportation, along with ambitious climate commitments, is expected to enhance the international number of electric vehicles from 26 million as of 2023 to 145 million by the end of 2030, thus driving the demand for the segment.

Vehicle Type Segment Analysis

The battery electric vehicles (BEVs) sub-segment, which is part of the vehicle type segment, is expected to cater to the third-largest share in the industrial and automotive power transmission products market during the forecast period. The sub-segment’s development is highly propelled by the aspect of permanent and profound reshaping of the automotive power transmission landscape. This dominance is based on a transition in fuel source, but also displays an overall re-architecture of the drivetrain. Besides, BEVs readily eliminate the complicated multi-speed transmissions, extended mechanical linkages, and torque converters of internal combustion engine (ICE) vehicles. This is possible by replacing these vehicles with a current set of high-value components that center around the electric drive unit, thereby denoting an optimistic outlook for the overall segment.

Our in-depth analysis of the industrial and automotive power transmission products market includes the following segments: