Global Automotive Gears Market, By Material Type (Metallic and Non-Metallic), Application (Transmission System, Differential System, Steering System and Others), Product Type (Intersecting Shaft Gear, Skew Shaft Gear, Planetary Gears, Non- Metallic Gears, Parallel Shaft Gears and Others), Vehicle Type (Passenger Cars and Commercial Vehicles), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Gears Market
Data Bridge Market Research analyses that the automotive gears market would exhibit a CAGR of 5.63% for the forecast period2021-2028. This means that the automotive gears market value will climb up to 55.67 USD billion by 2028. Rising environmental concerns to reduce carbon footprints and rising technological innovations are the two major factors driving the growth of automotive gears market.
Gear is one of the most important components of a vehicle. A gear is a part of rotating machine equipped with cogs and cut teeth which is designed to change the torque, speed and direction of the power source. Gears are extensively used in two wheelers, four wheelers and others.
Growth in the automotive gears market value is directly proportional to the growth and expansion of automotive industry especially in the developing economies. Rising production volume of two wheelers and four wheelers has induced growth in the demand of automotive gears. Rising demand for low carbon footprint technologies will further create lucrative growth opportunities for the automotive gears market.
However, huge costs associated with automotive gears will hamper the growth rate of the market. Rising demand and production of electric vehicles is a major threat to the automotive gears market. Emergence of fully automatic transmissions will yet again pose a big time challenge to the market growth.
This global automotive gears market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive gears market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Gears Market Scope and Market Size
The global automotive gears market is segmented on the basis of material type, application, product type and vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of material type, the automotive gears market has been segmented into metallic and non- metallic. Metallic is further segmented into steel, aluminium, brass, cast iron, carbon steel and magnetic alloys. Non-Metallic is sub-segmented into composites and plastics.
- On the basis of application, the automotive gears market is segmented into transmission system, differential system, steering system and others. Transmission system is further segmented into manual and automatic.
- On the basis of product type, the automotive gears market is segmented into intersecting shaft gear, skew shaft gear, planetary gears, non- metallic gears, parallel shaft gears and others. Intersecting shaft gear segment is further segmented into straight bevel gear and spiral bevel gear. Skew shaft gear segment is further segmented into hypoid gear and worm gear. Parallel shaft gears segment is further segmented into spur gear, rack and pinion gear, herringbone gear and helical gear. Others segment is further segmented into spiral and idler.
- On the basis of vehicle type, the automotive gears market is segmented into passenger cars and commercial vehicles. Commercial vehicles are further segmented into light commercial vehicles and heavy commercial vehicles.
Global Automotive Gears Market Country Level Analysis
The global automotive gears market is analysed and market size insights and trends are provided by country, material type, application, product type and vehicle type as referenced above.
The countries covered in the automotive gears market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific leads a prominent share in the global automotive gears market. Growth and expansion of automobile sector in his region has induced the growth of the automotive gears. Rising production of automobiles and increasing demand for them owing to rising population and personal disposable income is another factor fostering the growth of the market. India and China are the major contributors from this region.
The country section of the automotive gears market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Gears Market Share Analysis
The automotive gears market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive gears market.
The major players covered in the automotive gears market report are GKN Automotive Limited, Bharat Gears Ltd., DuPont, American Axle & Manufacturing, Inc., ZF Friedrichshafen AG, Robert Bosch GmbH, IMS Gear, UNIVANCE CORPORATION, SHOWA CORPORATION., AmTech International, RSB Group., The Hi-Tech Gears Ltd., Melrose Industries PLC, GREAT TAIWAN GEAR LTD., Franz Morat Holding GmbH & Co. KG, B & R Machine and Gear Corporation, Dynamatic Technologies Limited., UAG LLP., Dana Limited. and Eaton. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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