Europe Motorsport Transmission Market Forecast to 2030
Europe Motorsport Transmission Market Forecast to 2030 – Regional Analysis – by Racing Type [Formula One, NASCAR, GT Racing, WTCC (World Touring Car Championship), Le Mans, Rally and Off-road, and Others] and Transmission Type (Manual, Automatic, and Sequential)
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Description
Rising Motorsport Event Revenue Drives Europe Motorsport Transmission Market
Event revenue generation has increased in the past few years due to rising popularity and spending of motorsport events. F1’s parent business, Liberty Media, stated that the racing promotion made US$ 2.5 billion in income in 2022, a 20% rise from the previous year’s tally of US$ 2.1 billion. Compared to the previous year, Formula 1’s overall revenues increased significantly during the third quarter of 2023. Formula One revenues continued to rise in the third quarter of 2023, climbing from US$ 715 million in 2022 to US$ 887 million in 2023, representing a 24% increase. Operating income climbed by 61% within the same period. Last year, the figure was US$ 82 million, but this year, it has risen to US$ 132 million. In the third quarter of 2022, all ten Formula One teams received payments of totaling US$ 370 million, as compared to 2023’s increased sum of US$ 432 million. Red Bull Team reported a turnover of US$ 398.9 million in 2022, a 13% rise over the previous year’s number of US$ 386.1m, while profit after tax increased from US$ 9.7m to US$ 13.4m. Red Bull Racing numbers are included in the above group totals. The team also increased its sponsorship revenue, with Oracle becoming its title sponsor at the start of the 2022 season. Mercedes-Benz Grand Prix Ltd claimed a turnover of US$ 474.6m for 2022, a US$ 94.5 increase over the previous year’s number of US$434.0 m. Aston Martin reported a 25% increase in revenue in 2022, reaching US$ 229 million. Such increased revenue has enabled the motorsport teams to attend every event and increase their spending on research and development activities for new vehicles. Thus, all these factors support the requirement and adoption of the motorsport transmission, ultimately driving the market.
Europe Motorsport Transmission Market Overview
Europe is dominating the global motorsport transmission market as the region is home to one of the top motorsports, Le Mans. Further, Formula One has gained the highest popularity since its initial seasons. The region has become the development hub for the Formula One vehicles. With seven of the ten Formula One (F1) teams based in the UK, British technology and expertise have dominated worldwide motorsport for the past seven decades. Motorsport Valley in the United UK Kingdom is a global leader in motorsport, with over 4,300 enterprises employing over 40,000 people and a US $ 11 billion annual sales turnover. France is another country with the second highest market share owing to deep roots in the motorsport industry. In addition, many top motorsport teams emerge from France. Further, Switzerland has lifted its 65-year-old band on motorsport, which is further expected to generate lucrative demand for the motorsport industry motorsport, ultimately driving the motorsport transmission industry.
Europe Motorsport transmission Market Revenue and Forecast to 2030 (US$ Million)
Europe Motorsport Transmission Market Segmentation
The Europe motorsport transmission market is categorized into racing type, transmission type, and country.
Based on race type, the Europe motorsport transmission market is segmented into formula one, NASCAR, GT racing, WTCC (world touring car championship), le mans, rally and off-road, and others. The formula one segment held the largest market share in 2022.
In terms of transmission type, the Europe motorsport transmission market is categorized into manual, automatic, and sequential. The sequential segment held the largest market share in 2022.
By country, the Europe motorsport transmission market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The UK dominated the Europe motorsport transmission market share in 2022.
Marelli Holdings Co Ltd, Ricardo Plc, Drenth Gearboxes Holland BV, Samsonas Motorsport UAB, Hewland Engineering Ltd, ZF Friedrichshafen AG, SADEV SAS, Holinger Engineering Co Pty Ltd, and Xtrac Ltd are some of the leading companies operating in the Europe motorsport transmission market.
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According to the Research Team’ research, the Europe motorsport transmission market was valued at US$ 145.51 million in 2022 and is expected to reach US$ 220.79 million by 2030, registering a CAGR of 5.4% from 2022 to 2030. Integration With Hybrid Powertrains and new race car launches and addition of new teams are among the critical factors attributed to drive the Europe motorsport transmission market growth.
As hybrid powertrains gain traction in motorsport, transmission systems play a crucial role in optimizing their performance. This highlights the opportunity to develop transmission systems that seamlessly integrate with hybrid propulsion setup, maximizing energy recovery and power delivery for enhanced on-track performance.
Hybrid powertrains combine internal combustion engines with electric motors, utilizing both traditional fuel and electric energy sources. The transmission system in hybrid vehicles must efficiently manage power flow between these components, ensuring seamless transitions between electric and combustion modes while maximizing overall system efficiency.
On the contrary, increasing adoption of electric vehicles in motorsport hampers the growth of Europe motorsport transmission market.
Based on racing type, the Europe motorsport transmission market is segmented into formula one, NASCAR, GT racing, WTCC (world touring car championship), le mans, rally and off-road, and others. The formula one segment held 42.5% market share in 2022, amassing US$ 61.91 million. It is projected to garner US$ 92.53 million by 2030 to register 5.2% CAGR during 2022-2030.
In terms of transmission type, the Europe motorsport transmission market is segmented into manual, automatic, and sequential. The sequential segment held 63.1% share of Europe motorsport transmission market in 2022, amassing US$ 91.76 million. It is anticipated to garner US$ 143.72 million by 2030 to expand at 5.8% CAGR during 2022-2030.
Based on country, the Europe motorsport transmission market is categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 26.7% share of Europe motorsport transmission market in 2022. It was assessed at US$ 38.91 million in 2022 and is likely to hit US$ 63.81 million by 2030, registering a CAGR of 6.4% during 2022-2030.
Key players operating in the Europe motorsport transmission market are Marelli Holdings Co Ltd, Ricardo Plc, Drenth Gearboxes Holland BV, Samsonas Motorsport UAB, Hewland Engineering Ltd, ZF Friedrichshafen AG, SADEV SAS, Holinger Engineering Co Pty Ltd, and Xtrac Ltd, among others.
In May 2023, Ricardo announced a multi-year partnership with British supercar manufacturer McLaren Automotive to produce its next-generation V8 power unit. This is the third extension and fourth generation of the two firms’ engine supply deal. Ricardo designed the V6 and V8 engines that will power McLaren’s current and future high-performance hybrid supercars.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe motorsport transmission market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe motorsport transmission market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Motorsport Transmission Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
5. Europe Motorsport Transmission Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Popularity of Motorsport Events
5.1.2 Rising Motorsport Event Revenue
5.2 Market Restraints
5.2.1 Increasing Adoption of Electric Vehicles in Motorsport
5.3 Market Opportunities
5.3.1 Integration With Hybrid Powertrains
5.4 Future Trends
5.4.1 New Race Car Launches and Addition of New Teams
5.5 Impact of Drivers and Restraints:
6. Motorsport Transmission Market – Europe Analysis
6.1 Motorsport Transmission Market Revenue (US$ Million), 2020 – 2030
6.2 Motorsport Transmission Market Forecast and Analysis
7. Europe Motorsport Transmission Market Analysis – Racing Type
7.1 Motorsport Transmission Market, By Racing Type (2022 and 2030)
7.2 Formula One
7.2.1 Overview
7.2.2 Formula One Market Revenue and Forecast to 2030 (US$ Million)
7.3 NASCAR
7.3.1 Overview
7.3.2 NASCAR Market Revenue and Forecast to 2030 (US$ Million)
7.4 GT Racing
7.4.1 Overview
7.4.2 GT Racing Market Revenue and Forecast to 2030 (US$ Million)
7.5 WTCC (Word Touring Car Championship)
7.5.1 Overview
7.5.2 WTCC (Word Touring Car Championship) Market Revenue and Forecast to 2030 (US$ Million)
7.6 Le Mans
7.6.1 Overview
7.6.2 Le Mans Market Revenue and Forecast to 2030 (US$ Million)
7.7 Rally and Off road
7.7.1 Overview
7.7.2 Rally and Off-road Market Revenue and Forecast to 2030 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. Europe Motorsport Transmission Market Analysis – Transmission Type
8.1 Motorsport Transmission Market, By Transmission Type (2022 and 2030)
8.2 Manual
8.2.1 Overview
8.2.2 Manual Market Revenue and Forecast to 2030 (US$ Million)
8.3 Automatic
8.3.1 Overview
8.3.2 Automatic Market Revenue and Forecast to 2030 (US$ Million)
8.4 Sequential
8.4.1 Overview
8.4.2 Sequential Market Revenue and Forecast to 2030 (US$ Million)
9. Europe Motorsport Transmission Market – Country Analysis
9.1 Europe Market Overview
9.1.1 Europe Motorsport Transmission Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 Europe Motorsport Transmission Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 France Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 France Motorsport Transmission Market Breakdown by Racing Type
9.1.1.2.2 France Motorsport Transmission Market Breakdown by Transmission Type
9.1.1.3 Germany Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Germany Motorsport Transmission Market Breakdown by Racing Type
9.1.1.3.2 Germany Motorsport Transmission Market Breakdown by Transmission Type
9.1.1.4 Italy Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 Italy Motorsport Transmission Market Breakdown by Racing Type
9.1.1.4.2 Italy Motorsport Transmission Market Breakdown by Transmission Type
9.1.1.5 UK Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.5.1 UK Motorsport Transmission Market Breakdown by Racing Type
9.1.1.5.2 UK Motorsport Transmission Market Breakdown by Transmission Type
9.1.1.6 Russia Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.6.1 Russia Motorsport Transmission Market Breakdown by Racing Type
9.1.1.6.2 Russia Motorsport Transmission Market Breakdown by Transmission Type
9.1.1.7 Rest of Europe Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.7.1 Rest of Europe Motorsport Transmission Market Breakdown by Racing Type
9.1.1.7.2 Rest of Europe Motorsport Transmission Market Breakdown by Transmission Type
10. Competitive Landscape
10.1 Heat Map Analysis
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Marelli Holdings Co., Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Ricardo Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Drenth Gearboxes Holland B.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Development
12.4 Samsonas Motorsport UAB
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hewland Engineering Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ZF Friedrichshafen AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SADEV SAS
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Holinger Engineering Co Pty Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Xtrac Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 Word Index
13.2 About The the Reporting Teams
Table 1. Europe Motorsport Transmission Market Segmentation
Table 2. Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Million) – Racing Type
Table 4. Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Million) – Transmission Type
Table 5. Europe Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. France Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Racing Type
Table 7. France Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Transmission Type
Table 8. Germany Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Racing Type
Table 9. Germany Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Transmission Type
Table 10. Italy Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Racing Type
Table 11. Italy Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Transmission Type
Table 12. UK Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Racing Type
Table 13. UK Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Transmission Type
Table 14. Russia Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Racing Type
Table 15. Russia Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Transmission Type
Table 16. Rest of Europe Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Racing Type
Table 17. Rest of Europe Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn) – By Transmission Type
Table 18. Heat Map Analysis by Key Players
Table 19. List of Abbreviation
Figure 1. Motorsport Transmission Market Segmentation, By Country
Figure 2. Ecosystem: Motorsport Transmission Market
Figure 3. PEST Analysis
Figure 4. Motorsport Transmission Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Motorsport Transmission Market Revenue (US$ Million), 2020 – 2030
Figure 7. Motorsport Transmission Market Share (%) – Racing Type, 2022 and 2030
Figure 8. Formula One Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. NASCAR Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. GT Racing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. WTCC (Word Touring Car Championship) Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Le Mans Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Rally and Off-road Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Motorsport Transmission Market Share (%) – Transmission Type, 2022 and 2030
Figure 16. Manual Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Automatic Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Sequential Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Europe: Motorsport Transmission Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. Europe Motorsport Transmission Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. France Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Germany Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Italy Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. UK Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Russia Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Rest of Europe Motorsport Transmission Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Company Positioning & Concentration
The List of Companies – Europe Motorsport Transmission Market
1. Marelli Holdings Co Ltd.
2. Ricardo Plc.
3. Drenth Gearboxes Holland BV.
4. Samsonas Motorsport UAB.
5. Hewland Engineering Ltd.
6. ZF Friedrichshafen AG.
7. SADEV SAS.
8. Holinger Engineering Co Pty Ltd.
9. Xtrac Ltd.
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