Press release
Automotive Speed Reducers Market 2021 Growth Factors, Technological Innovation and Emerging Trends 2027: AAM,GKN,Magna,Meritor,DANA,ZF,HANDE Axle
The “Automotive Speed Reducers Market” examination is foreseeing to supply all people and shippers with related specifics around change focuses, brief courses, dangers, and advantageous trade openings that the advertise is anticipated to uncover interior the coming long time. These bits of information deliberate to consolidate the wage share, show off appraise, market potential, and rate of utilization to draw bits of data relating to the competition to select up control of a clearing assignment of the exhibit share.The Automotive Speed Reducers Market put is appearing unfaltering increase and making at a CAGR of 41.9% at a threatened point of 2021-2027.
The Global Automotive Speed Reducers Market research report offers a comprehensive analysis of the global market, providing relevant information for the new market applicants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.
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The Automotive Speed Reducers Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, strategic moves, and product portfolio. The vendors are gradually widening their strategic moves, along with customer interaction.
Top Players Analysed in the Report are:
AAM,GKN,Magna,Meritor,DANA,ZF,HANDE Axle,Press Kogyo,Hyundai Dymos,Sichuan Jianan,Shandong Heavy Industry
Recent Developments
In July 2021, ZF secured a nearly USD 6 billion axle contract for the Marysville, Michigan facility for the delivery of beam axles and axle drives for pick-up trucks until 2027.
In May 2021, American Axle & Manufacturing Inc and REE Automotive (“REE”), announced that the companies have agreed to jointly develop a new electric propulsion system for e-Mobility. The partnership intends to leverage AAM’s system integration capabilities and focus on NVH (noise, vibration, and harshness) reduction to incorporate AAM’s lightweight and efficient next-generation electric drive units, which feature fully integrated high-speed motors and inverter technology
In February 2021, American Axle Manufacturing (AAM) announced that it secured the axle and driveshaft program for Ram’s heavy-duty pick-up trucks, for the 2500 and 3500 through 2030.
In February 2021, ZF announced that it is investing USD 200 million in commercial vehicle transmission manufacturing in North America. Beginning in 2023, ZF will produce the ZF Powerline 8-speed automatic transmission at the company’s state-of-the-art manufacturing facility in Gray Court, SC
In January 2020, GKN Automotive, and Delta Electronics Inc., provider of power and thermal management solutions, announced their collaboration on the joint development that will enable the rapid acceleration of next generation integrated 3-in-1 eDrive systems of power classes from 80kW to 155kW.
The Automotive Speed Reducers Market is segmented based on:
On the basis of type:
Single Stage
Double Stage
On the basis of application:
Passenger vehicle
Commercial vehicle
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Regional Analysis
Global Automotive Speed Reducers Market is further classified on the basis of region as follows:
Asia-Pacific dominated the Automotive Speed Reducers market, with China being a key contributor to the growth of the market studied. Asia-Pacific is the leading market for automotive Speed Reducers. With the increasing vehicle production in countries, such as India and China, as well as the manufacturers’ focus on increasing production capacity, the demand for the Automotive Speed Reducers is anticipated to grow significantly in the future. The low penetration of automobiles and infrastructure development in emerging nations has increased the demand for personal transportation and commercial vehicles.
Additionally, the increasing need for fuel-efficient vehicles and lightweight automotive parts are the two factors driving the growth of the market. Europe and North America are mature markets for the Automotive Speed Reducers, with the former holding the second-largest market share, followed by Asia-Pacific.
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Table of Contents Automotive Speed Reducers Market
- Chapter 1: Overview of Automotive Speed Reducers Market
- Chapter 2: Global Market Status and Forecast by Regions
- Chapter 3: Global Market Status and Forecast by Types
- Chapter 4: Global Market Status and Forecast by Downstream Industry
- Chapter 5: Market Driving Factor Analysis
- Chapter 6: Market Competition Status by Major Manufacturers
- Chapter 7: Major Manufacturers Introduction and Market Data
- Chapter 8: Upstream and Downstream Market Analysis
- Chapter 9: Cost and Gross Margin Analysis
- Chapter 10: Marketing Status Analysis
- Chapter 11: Market Report Conclusion
- Chapter 12: Research Methodology and Reference.
Covid-19 Scenario
This report investigates the impact of the COVID19 pandemic on the benefits of industry leaders, adherents, and turmoil. Authorization measures are connected in an unexpected way totally different nations, so the effect will be diverse for each advertises region and for all fragments. This study looked at the current brief- and long-term effect on the Automotive Speed Reducers market. This makes difference in policymakers come up with brief- and long-term commerce plans for each industry.
Key Questions Answered in the Automotive Speed Reducers Market Report
- What is the Global market’s growth rate? What will be the future growth trend?
- What are the present market’s main drivers and restraints? What effect will drivers and restraints have in the future?
- What are the revenue and forecast breakdowns by region? What are the main regional revenue pockets for Automotive Speed Reducers market expansion?
- What are the major impacts of the COVID-19 pandemic on the global Automotive Speed Reducers market?
Customization Available: Global Automotive Speed Reducers Market
The Global Automotive Speed Reducers Market report may be altered to meet your particular commerce needs. since we recognize what our clients need, we offer 25% customization for any of our Market Intelligence Data reports at no additional esteem to all of our clients.
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Phone: +1 (704) 266-3234
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