Automobile Gear Market To Witness the Highest Growth Globally in Coming Years 2021-2027: Franz Morat, GKN, Gleason Plastic Gears, IMS Gear, Bosch, RSB, Showa

Automobile Gear Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The automotive gears market is valued at USD 4.2 Billion in 2020 and is expected to reach USD 5.1 Billion by 2026. The automotive gears market is anticipated to register a CAGR of over 5.5% during the forecast period (2021-2026).

The 200+ pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Automobile Gear Market: AAM, AmTech International, B & R Machine and Gear, Bharat Gears, Cone Drive, Dynamatic Technologies, Franz Morat, GKN, Gleason Plastic Gears, IMS Gear, Bosch, RSB, Showa, Taiwan United Gear, Universal Auto Gears, ZF TRW and others.

Industry News:

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

Regional Analysis:

Asia-Pacific dominated the automotive gears market, with China being a key contributor to the growth of the market studied. Asia-Pacific is the leading market for automotive gear. 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 gear 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.

Market Growth:

The electric vehicle market is rapidly growing across the world. The electric vehicle sales in Europe have significantly increased by 47% in the first quarter of 2018, in comparison to the first quarter of 2017. By 2040, nearly 54% of the new car sales and 33% of the global car fleet are likely to be electric. To meet the electric vehicle sales target, the European government has already started various projects for building charging infrastructure across the region.

Market Segmented by Types:

Passenger Car

Commercial Vehicle

Market Segmented by Applications:

Skew Shaft Gears

Intersecting Shaft Gear

Parallel Shaft Gears

Regional Analysis:

– North America (United States, Canada, Mexico)

–Europe (Germany, UK, France, Italy, Spain, Russia)

–Asia-Pacific (China, Japan, South Korea, Australia, India)

–South America (Brazil, Argentina, Columbia)

–The Middle East and Africa (UAE, Egypt, South Africa)

Influence of the Automobile Gear market report:

-Comprehensive assessment of all opportunities and risk in the Automobile Gear market.

-Automobile Gear market recent innovations and major events.

-Detailed study of business strategies for growth of the Automobile Gear market-leading players.

-Conclusive study about the growth plot of Automobile Gear market for forthcoming years.

-In-depth understanding of Automobile Gear market-particular drivers, constraints and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Automobile Gear market.

Browse full report including (TOC, Company profiles, Types & Applications etc.) @:

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

Finally, Automobile Gear Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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