Automotive Gears Market Sales, Revenue, Price and Gross Margin Forecast To 2028 | Top Players GKN PLC, AmTech International, Bharat Gears, Robert Bosch GmbH, Dynamatic Technologies Ltd., Franz Morat Group, ZF TRW, Showa Corporation, E.I. Du Pont de Nemour

QMI comes with an in-depth analysis and prediction report on the Automotive Gears Industry. A new research has been carried out across many regions and sectors. It provides a comprehensive survey report of industry key players, product type and application level from all major regions like North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

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A gear is a rotating part with teeth that mesh with other gears to transmit torque. Gears can change speed, torque, and direction of the power source and are vital components in automotive systems for locomotion. Due to rapid urbanization and a rise in per capita income and standard of living, there is an increased production of vehicles, which is propelling the growth of the automotive gears market.

Increasing demand for the automatic transmission in vehicles is one of the growing trends witnessed in the automotive industry, which has increased the demand of the automotive gears due to its automatic function that provides ease in the driving of the vehicle.
Lightweight and highly durable aluminum and composite gears gaining popularity is expected to drive the growth of the automotive gears market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
GKN PLC
AmTech International
Bharat Gears
Robert Bosch GmbH
Dynamatic Technologies Ltd.
Franz Morat Group
ZF TRW
Showa Corporation
E.I. Du Pont de Nemours and Company
Taiwan United Gear Co.
Univance Corporation

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Key Factors Impacting Market Growth:
Lightweight and highly durable aluminum and composite gears gaining popularity
Better fuel efficiency and less wear and tear resulting in long life of gears
Increasing demand for electric vehicles is, in turn, generating demand for electric or automotive gears

Asia Pacific is estimated to be the fastest-growing region for the automotive gears market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the automotive gears market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive gears market in North America and Western Europe during the forecast period.

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

By Material Type:
o Metallic Gears
o Non-Metallic Gears

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

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

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Vehicle Type
o By Material Type
o By Product Type
o By Application

o 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

o 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

o 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

o 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

o 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

Reasons To Buy This Report:
o Market size estimation of the global automotive gears market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.