Market research

Gear boxes market in Slovakia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

From 2018 to 2020, the gear boxes market in Slovakia saw notable changes. The market size reached USD 1 860 million in 2018, bolstered by Volkswagen Slovakia's shift to local gear box production using complete knock-down assembly and the presence of three major carmakers that sustained demand. Production, however, fell to USD 519 million by 2020, and the overall market size contracted to USD 1 056 million during a period of global economic disruption.

After 2020, trade flows showed a strong recovery. Imports of gear boxes and parts rose from USD 1 476 million in 2020 to USD 2 361 million in 2024, while exports grew from USD 939 million to USD 1 233 million. By 2024, the market was adapting to increased demand for hybrid and electric vehicle components, highlighted by Carcoustics Slovakia's focus on parts for hybrid platforms and Xinquan's plans to establish a new manufacturing plant in Petrovany, reinforcing the local supply chain.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2018-2020
  2. 4.1.2. Imports, 2018-2024
  3. 4.1.3. Exports, 2018-2024
  4. 4.1.4. Market size, 2018-2020
5. Production
1. 5.1. Production in Slovakia
  1. 5.1.1. In kind, 2018-2020, K unit
  2. 5.1.2. In value, 2018-2020, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K unit
  2. 5.2.2. In value, 2018-2024, M $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Slovakia in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Slovakia by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Slovakia in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Slovakia by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Slovakia, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Slovakia by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Slovakia in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Slovakia by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Slovakia in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Slovakia by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Slovakia, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Slovakia by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Slovakia in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Slovakia by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Slovakia in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Slovakia by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Slovakia, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Slovakia by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Slovakia in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Slovakia by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Slovakia in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Slovakia by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Slovakia, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Slovakia by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production gear boxes in Slovakia

In value, 2017-2020, M $ US

Slovakia's gear box production volume declined for the second consecutive year. In 2020, output was valued at 518.6 million US dollars, marking a moderate decrease of 5.6% compared to 2019. Over the period from 2017 to 2020, production fell by 18.6%, with a compound annual growth rate of -6.6%. The highest production value was recorded in 2018 at 715.8 million US dollars, which represented a 12.4% increase from the previous year. The largest decline occurred in 2019, with a drop of 23.3%.

Annual dynamics of production in Slovakia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.4%	(23.3%)	(5.6%)	(6.6%)

Source: SHEV.io

Exports gear boxes from Slovakia

Exports in kind, K t

The market exhibited significant volatility during these years. Exports reached their lowest point in 2018 at 15.7 thousand tonnes, with the largest decline that year at 5.4%. In 2019, exports peaked at 36.1 thousand tonnes, showing a substantial increase of 130.3% from 2018. This created a 2.3-fold gap between the highest and lowest years. In 2020, gear box deliveries from Slovakia totaled 35.2 thousand tonnes, corresponding to a contraction of 2.5% compared to 2019.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.4%)	130.3%	(2.5%)	28.6%

Source: SHEV.io

From 2017 to 2020, Germany, France, and Spain were the main markets for Slovakia's gear box exports in volume terms. Germany accounted for 45.0% of exports, France for 21.7%, and Spain for 7.9%. Together, these three countries represented 74.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Slovakia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

The data reveals irregular changes, indicating a volatile market environment. Exports hit their lowest point in 2017 and peaked in 2020, showing a 1.8-fold amplitude between these years. In 2020, Slovakia exported gear boxes worth 939 million US dollars, reflecting a sharp increase of 75.6% year-over-year. The largest decline was recorded in 2019 at 6.4%.

Annual dynamics of product's exports from Slovakia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.7%	(6.4%)	75.6%	21.3%

Source: SHEV.io

Over the period from 2017 to 2020, Germany, Czechia, and Spain consistently held leading positions in Slovakia's gear box export structure by value. Germany accounted for 58.5% of exports in value terms, Czechia for 10.8%, and Spain for 6.5%. Collectively, these three markets made up 75.8% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Slovakia in value, 2017-2020

Source: SHEV.io

Imports gear boxes to Slovakia

Imports in kind, K t

Gear box deliveries to Slovakia declined for the second consecutive year. In 2020, import volume totaled 108.5 thousand tonnes, reflecting a robust decline of 19.8% compared to 2019. The maximum value was recorded in 2018 at 138.9 thousand tonnes, which saw the largest increase that year at 30.3%.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.3%	(2.6%)	(19.8%)	0.6%

Source: SHEV.io

From 2017 to 2020, three principal markets—Germany, South Korea, and Czechia—together accounted for 75.6% of total gear box imports to Slovakia in volume terms.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Slovakia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After a two-year rise, foreign gear box supplies to Slovakia declined. In 2020, Slovakia imported gear boxes worth 1 783 million US dollars, down by 17.2% year-over-year. Over the period from 2017 to 2020, imports increased by 15.1%, with a compound annual growth rate of 4.8%. The maximum value was recorded in 2019 at 1 783 million US dollars, and the largest increase occurred in 2018 at 33.7%.

Annual dynamics of product's imports to Slovakia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	33.7%	3.9%	(17.2%)	4.8%

Source: SHEV.io

Throughout 2017 to 2020, Germany, South Korea, and Hungary remained the main markets for gear box imports to Slovakia in value terms. Germany accounted for 47.8% of imports, South Korea for 21.0%, and Hungary for 8.1%. Together, these three countries took 76.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Slovakia in value, 2017-2020

Source: SHEV.io