Automotive Gears Market: 2020 Insights, Status, Latest Amendments and Outlook-2028

Automotive Gears Market

A recent report published by QMI on Automotive Gears market is a detailed assessment of the most important market dynamics. After carrying out thorough research on the market of Automotive Gears historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for Automotive Gears during the forecast period. It can enable manufacturers of Automotive Gears to change their production and marketing strategies in order to envisage maximum growth.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) GKN PLC
2) AmTech International
3) Univance Corporation
4) Bharat Gears
5) Robert Bosch GmbH
6) Dynamatic Technologies Ltd.
7) Franz Morat Group
8) Taiwan United Gear Co.
9) ZF TRW
10) Showa Corporation
11) E.I. Du Pont de Nemours and Company

Understanding Automotive Gears and their Functions-

A gear is a rotating component with the teeth that meshes to transmit torque with other gears. Gears can adjust the speed, torque, and direction of the power source and are essential components for locomotion in automotive systems. As a result of rapid urbanization and a rise in per capita income and living standards, vehicle demand is growing, which is driving the growth of the automotive gears market. Increasing demand for auto-transmission systems and smooth gear shift ratios, demand for gears in transmission systems is expected to significantly drive market growth in the years ahead.

Lightweight and highly robust aluminum and composite gears are expected to increase the popularity of the automotive gear market during the forecast period. This has resulted in some of the key advances that companies operating on the market have in consolidating their market positions and searching for further opportunities for niches.

Automotive gears find prominent application in steering, transmission, and differential systems. Owing to the high usage of gears in the differential systems of vehicles, the automotive gears market is projected to witness considerable growth in this category in the coming years. The automotive gears market has been segmented into spur, rack and pinion, helical, and worm gear types. The market demand for spur gears is expected to grow at a significant rate in the coming years, as spur gears are easy to manufacture and can be used for a variety of automotive applications.

Significant Factors Impacting Market Growth:
o Lightweight and highly durable aluminum and composite gears are becoming increasingly popular
o Better fuel efficiency and less wear and tear leading to longer gear life
o Rising demand for electric vehicles is, in turn, generating demand for electric or automotive gears

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Regional distribution and potential areas for growth:
By region, North America, Western Europe, and Asia Pacific are estimated to dominate the automotive gears market in terms of market demand. With many international manufacturers based in that region North America and Western Europe were major markets for the automotive sector. In these regions the automotive sector has been competitive in terms of technological advances and product shifts. Some of the main influencing factors in this area have been the need for lightweight materials, cleaner pollution and renewable fuels. The sector has also undergone a gradual recovery from recent decades of slowdowns. Some of this element is projected to impact the dynamics of the automotive gears market in North America and Western Europe over the forecast period. The US, France, Italy, Germany, UK, and Spain have been some of the prominent economies for the automotive gears market in the region.

The Asia-Pacific region dominated the market, with China playing an important role in the development of the automotive gears market. Asia-Pacific is the leading automotive gear market. With vehicle production growing in countries such as India and China as well as manufacturers' focus on increasing production efficiency, demand for automotive gear is expected to increase significantly in the forecast year. Low automotive penetration and growth of infrastructure in emerging nations have increased demand for personal and commercial vehicles.

Market Segmentation:
By Vehicle Type:
Passenger (2 Wheelers, 4 Wheelers, etc.)
Commercial (Heavy CV, Light CV, Buses, and Coaches)
Electric
Defense
Construction
Farm Tractors
Others

By Material Type:
Metallic Gears
Non-Metallic Gears

By Product Type:
Spur Gears
Bevel Gears
Helical Gears
Worm Gears
Hypoid Gears
Planetary Gears
Parallel Shaft Gears
Rack & Pinion Gears
Others

By Application:
Steering Systems
Transmission Systems (Automatic, Manual)
Differential Systems
Other Automotive Systems

By Region:
North America

o By Country (US, Canada, Mexico)
o By Vehicle Type
o By Material Type
o By Product Type
o By Application

Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Vehicle Type
o By Material Type
o By Product Type
o By Application

Western Europe:
o By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
o By Vehicle Type
o By Material Type
o By Product Type
o By Application

Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Vehicle Type
o By Material Type
o By Product Type
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Vehicle Type
o By Material Type
o By Product Type
o By Application

Rest of the World
o By Region (South America, Africa)
o By Vehicle Type
o By Material Type
o By Product Type
o By Application

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This release was published on openPR.