The AMT In Commercial Vehicles Market To Grow By USD 1.24 Billion (2024-2028) Driven By New Launches And AI Powered Market Evolution - Technavio Report

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Market Driver

Additive Manufacturing Technology (AMT) in commercial vehicles refers to the process of creating three-dimensional objects by adding material layer by layer, based on digital model data from a 3D model or electronic data sources such as an Additive Manufacturing File (AMF). Unlike traditional manufacturing methods that remove material from a stock, AMT builds parts from a Computer-Aided Design (CAD) model or AMF file. The build orientation plays a crucial role in the manufacturing process, improving part quality with better accuracy and surface finish, reducing support volume, contact area, and build time. AMT is revolutionizing the commercial vehicle industry by enabling the production of complex parts with high precision, such as engines and transmissions. AB Volvo and Renault Trucks have successfully developed a prototype DTI 5 4-cylinder Euro 6 step C engine with some components manufactured using metal 3D printing. This engine design reduction in weight by up to 25%, and the transmission components could be lighter by approximately 20%. The advantages of AMT, including part strength and cost savings, are expected to significantly impact the global AMT market in commercial vehicles during the forecast period.

Commercial Vehicle Automated Manual Transmission (AMT) market is witnessing significant trends driven by consumer behavior, social factors, and political influences. Consumers prefer cleaner transportation, efficient and advanced technologies, and eco-friendly vehicles. Electrification, automation, connectivity, and operational efficiency are key trends. Emissions regulations, consumer preferences for sustainable practices, and alternative energy sources like electric and hybrid are shaping the market. Safety systems and driver-assistance technologies are essential, with geopolitical tensions and infrastructure investments impacting technological adoption. Digitalization, fuel efficiency, and driver fatigue mitigation are critical concerns for logistics and transportation sectors. Electronic Control Units and sensor technologies are essential for next-generation systems. Fleet management, smart technologies, and connectivity features are vital for reducing carbon footprint and operational costs. Software algorithms play a significant role in optimizing performance and reducing emissions. The long-term potential of the Commercial Vehicle AMT market is immense, with trends like e-commerce and smart logistics driving growth.

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Market Challenges

• The global Automated Manual Transmission (AMT) market in commercial vehicles faces challenges due to the high initial costs and maintenance expenses. The cost of an AMT in commercial vehicles can range from USD1,000 to USD5,000, depending on the vehicle make, model, and specifications. For instance, the Ford Transit with AMT costs around USD2,500, while the Ram ProMaster with AMT is priced around USD3,500. These costs can vary based on region, dealership, and customizations. AMTs are more complex and technologically advanced than traditional manual transmissions, leading to higher upfront expenses. Additionally, AMT maintenance costs can range from USD500 to USD1,000 per year. AMTs require specialized components and sophisticated electronic systems, leading to higher maintenance and repair expenses compared to conventional manual or automatic transmissions. The complexity of AMT systems necessitates specialized training for technicians, further increasing operating costs. Limited availability of skilled technicians and access to advanced diagnostic tools in certain regions adds to the challenges faced by commercial vehicle operators in managing maintenance costs effectively. These factors may deter some operators from investing in AMT technology, particularly in price-sensitive markets, potentially hindering the growth of the AMT market in commercial vehicles during the forecast period.
• The Commercial Vehicles market faces various challenges in the era of Advanced Driver Assistance Systems (ADAS) and Automated Manual Transmissions (AMT). Consumer behavior, political, and social factors significantly impact the market's growth. Consumers prefer cleaner transportation and efficient, advanced technologies like electrification, automation, connectivity, and next-generation systems. Emissions regulations, consumer preferences, and sustainable practices drive the shift towards alternative energy sources like electric and hybrid vehicles. Geopolitical tensions, infrastructure investments, and technological adoption are crucial factors. Digitalization, fuel efficiency, and driver fatigue management are essential for logistics and transportation sectors. Electronic Control Units (ECUs) and sensor technologies are key components of AMT in commercial vehicles, ensuring eco-friendliness, operational costs, and carbon footprint reduction. Safety systems, driver-assistance systems, and emissions regulations are essential for regulatory compliance. The long-term potential of AMT lies in its ability to improve operational efficiency, reduce emissions, and enhance connectivity features. E-commerce and fleet management are significant growth areas, requiring smart technologies and software algorithms.

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Segment Overview

This amt in commercial vehicles market report extensively covers market segmentation by