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The motorsport transmission industry is driven by a shift towards lightweight materials, such as carbon fiber & titanium, to enhance performance and durability. Additionally, there is a growing focus on integrating advanced electronic control systems for precise gear changes and improved ADAS. Furthermore, there is a trend toward increased customization options to meet the diverse requirements of racing teams across different motorsport disciplines.
For instance, in November 2023, Xtrac showcased its epicyclic transmission at the PMW expo, specifically the P1320, which is a single-speed, lightweight & power-dense transmission designed for Electric Vehicles (EVs). It integrates with high-performance electric motors and is part of Xtrac's Integrated Lightweight Electric Vehicle (ILEV) transmission family. The P1320 is capable of a maximum speed of 17,000 rpm with a peak input torque of 425Nm and has been chosen by companies such as Lotus for their high-performance EVs.
The motorsport transmission market growth is propelled by the integration of advanced data acquisition and telemetry systems. Racing teams are increasingly utilizing real-time data analysis to optimize gear-shifting strategies, improve drivetrain efficiency, and enhance overall vehicle performance. This trend reflects the industry’s growing reliance on technology-driven solutions to gain a competitive edge and achieve superior results in motorsport competitions.
The sequential gearbox segment accounted for 65% market share in 2023, due to their precise and rapid gear changes, enhancing vehicle performance on the track.
The market size of motorsport transmission reached USD 275.7 million in 2023 and is set to witness 4% CAGR from 2024 to 2032, owing to ongoing innovations such as sequential, semi-automatic, and dual-clutch systems.
Hewland Engineering Ltd, Quaife Engineering Ltd., Ricardo Performance Products, RTS Transmission, Sadev SA, Samsonas Motorsport Transmissions UAB, Tractive AB, Xtrac Ltd, and ZF Friedrichshafen AG, are some of the major motorsport transmission companies worldwide.
Europe market recorded over 40% revenue share in 2023, attributed to a growing interest in sustainability with efforts to develop eco-friendly transmission solutions in the region.