Authored By: Sarah
11 Jul 2024

 Motorsport Transmission Market Size to grow by USD 77.91 million between 2024-2028

According to a research report “ Motorsport Transmission Market” by Type (H-gearbox, Sequential gearbox) Application (F1, NASCAR, GT racing and others) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 77.91 million, at a CAGR of almost 3.33% during the forecast period. In the dynamic realm of motorsports, numerous corporations invest substantially in teams, contributing to their operational expenses and event-related fees. These sponsors assume responsibility for media management, advertising, and logo placement, enhancing the visibility of both the teams and the events. Notable entities in Formula One sponsorship include Red Bull, Philip Morris, Pirelli, Fiat, Daimler, Honda, Diageo, Petronas, Grupo Santander, and Emirates. In contrast, NASCAR boasts the support of Toyota, General Motors, Sprint, Coca-Cola, Ford, Lowe's, Go Daddy, Royal Dutch Shell, Safety-Kleen, and Mars. These partnerships significantly impact the motorsport transmission market, as corporations leverage these platforms to showcase their brand presence and technological innovations.

Browse market data tables, figures, and in-depth TOC on “Motorsport Transmission Market” by Type (H-gearbox, Sequential gearbox) Application (F1, NASCAR, GT racing and others) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample


By Type, the H-gearbox segment is projected to dominate the market size in 2024

The motorsport transmission market experiences continuous revenue growth, fueled by sponsorship from diverse industries such as watches, construction materials, lifestyle apparel, consumer electronics, and alcoholic beverages. Regulatory requirements for vehicle performance and cleaner emissions drive investments, funding, and innovation in transmission technology. However, the replacement and repair costs for motorsport transmissions vary annually among racing teams.

By Application, F1  segment is expected to hold the largest market size for the year 2024

In the dynamic and competitive motorsport transmission market, the H-pattern gearbox holds a distinguished position. Its unique 'H'-shaped gear pattern enables drivers to execute sequential gear shifts, granting them unparalleled control over vehicle speed and performance. The market's expansion is fueled by the H-gearbox's ability to cater to the precise demands of motorsports. The tradition and skill involved in operating these manual transmissions further bolster their popularity.

Europe is forecasted to hold the largest market size by region in 2024

The European motorsport transmission market experiences significant expansion due to the region's prominence in the global automotive industry. Major players, such as McLaren, Lamborghini, Porsche, and Ferrari, have robust European presences and deliver high-performance vehicles to the market. Europe's renowned racetracks, including Ascari (Spain), Knockhill (Scotland), Anglesey (Great Britain), Monza (Italy), Silverstone (England), and Zandvoort (The Netherlands), attract numerous events, primarily Formula One (F1), which continues to grow steadily. Despite an increasing number of sponsors, the year-on-year viewership decline remains a concern.

The Motorsport Transmission Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Beagle Engineering Ltd.
  • Hewland Engineering Ltd.
  • Holinger
  • Motor Sport Transmissions
  • Ricardo Plc
  • RT Quaife Engineering Ltd.
  • Tractive AB
  • Xtrac Ltd.
  • ZF Friedrichshafen AG

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Research Analysis Overview

The Motorsport Transmission Market encompasses various types of gearboxes used in motorsport racing events, including sequential gearboxes and H-gearboxes. These transmissions are essential for international players in Formula One cars and other motorsport events. The market offers advanced transmission solutions such as Direct Automatic Transmission, Dual-clutch systems, and Semi-automatic systems. OEMs in the market focus on improving driver control, reducing power loss, and enabling quicker shifts. Sequential transmission systems, like those in Manual gearboxes and HGT Precision's Sequential systems, are popular in motorsport due to their ability to provide quick gear changes. In contrast, Automatic transmissions offer convenience but may not provide the same level of control and power efficiency as sequential systems. Electric vehicles are also making their way into motorsport, necessitating the development of new transmission technologies. Sponsorship and advertising opportunities exist for companies specializing in motorsport transmissions, making it an attractive market for innovation and growth. Low-cost substitute products may pose a challenge to market leaders, but the demand for improved performance and efficiency in motorsport transmissions ensures a steady growth trajectory for the market. Key players include IndyCar Series and Super Formula, which rely on robust and efficient transmissions to power their racing vehicles.

Market Research Overview

The Motorsport Transmission Market encompasses a wide range of competitive sports events, featuring racing cars and vehicles. Automotive component manufacturers play a crucial role in supplying racing parts for this market, including sequential gearboxes, such as H-gearboxes, and high-performance gearboxes. These transmissions are essential for optimizing vehicle performance and drivetrain efficiency. Key players in the market include G-Force Racing Transmissions, HGT Precision, and others. They cater to various motorsport events, including off-road racing, drag racing, and GT Racing. Sponsorship, advertising, and viewership are significant factors driving the growth of this market. International players dominate the scene, with Formula One cars utilizing advanced sequential transmissions, automatic transmissions, and manual transmissions. OEMs and IndyCar Series also rely on these manufacturers for their high-performance gearboxes. The high-performance automotive sector, including elite professional motorsport, demands lightweight, hybrid powertrain integration, and seamless shift gearboxes. Customization options, improved ADAS, and precise gear changes are also essential. Lightweight materials like titanium and carbon fiber are commonly used to reduce power loss and enable quicker shifts. Dual-clutch systems, semi-automatic systems, and sequential systems are popular transmission types in the motorsport industry. Real-time data analysis and telemetry systems are increasingly being integrated into these transmissions to optimize gear-shifting strategies. Electric Vehicles are also gaining traction in the motorsports scene, with epicyclic transmission systems being used to manage their power output.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

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