Press release
Automotive Pinion Gear Market is Estimated to Reach USD 14.03 Billion By 2030: Cognitive Market Research
Automotive Pinion Gear Market is Estimated to Reach USD 14.03 Billion By 2030: Cognitive Market Research
An automotive pinion gear is a type of gear used in the drivetrain of a vehicle to transfer power from the engine to the wheels. It is used in the rear axle assembly and is responsible for transmitting torque from the drive shaft to the differential, which then distributes power to the wheels. The automotive pinion gear is a small gear that is placed on the drive shaft and meshes with a larger ring gear mounted on the differential. As the drive shaft rotates, the pinion gear rotates with it, which in turn rotates the ring gear and causes the wheels to turn.
Summary:
• As per the study of CMR, The Global Automotive Pinion Gear Market Size Was Valued at USD 9.72 Billion In 2022 And is Expected to Grow at a CAGR Of 4.7 % During the Forecast Period, Reaching USD 14.03 Billion By 2030.
• The increasing demand for automobiles is the major driving factor for the growth of the automotive pinion gear market.
• Asia Pacific is expected to dominate the automotive pinion gear market during the forecast period.
• Based on application, the passenger vehicle segment held a significant share in 2022. In passenger vehicles, pinion gears are significantly used in the differential, which is a device that allows the wheels to rotate at different speeds when turning.
To know more about The Automotive Pinion Gear Market statistics click here: https://www.cognitivemarketresearch.com/automotive-pinion-gear-market-report
What are the driving factors for the automotive pinion gear market?
The increasing demand for automobiles is the main driving factor contributing to the growth of the automotive pinion gear market during the forecast period. Pinion gears are an important part of the automotive transmission system, and the growing demand for vehicles means that there is an increased demand for pinion gears. Additionally, the growing popularity of electric vehicles has driven market growth over the forecast period.
However, the global supply chain disruptions have also affected the automotive industry, including the pinion gear market may obstruct the growth of the market in near future. Further, the automotive industry is continuously evolving, and technological advancements are driving the development of new efficient automotive pinion gears. This is expected to create great opportunities for the market during the forecast period.
Market Segmentation:
Global automotive pinion gear market type segmentation:
• Bevel Pinion Gear
• Helical Pinion Gear
The helical pinion gear segment is growing at the highest CAGR in terms of type, helical pinion gears are increasingly adopted in automotive transmissions, where they are used to transfer torque from the engine section to the wheels. The advantages of using helical pinion gears include higher load-carrying capacity, lower noise and vibration, and improved efficiency compared to other gears.
Global automotive pinion gear market application segmentation:
• Passenger vehicle
• Commercial vehicle
Based on the application, the passenger vehicle segment held a significant share in 2022. In passenger vehicles, pinion gears are significantly used in the differential, which is a component that enables the wheels to rotate at various speeds when turning.
Competitive Analysis of Automotive Pinion Gear Market: Bharat gears, SHOWA Corporation, Renold, B & R Motion Gears, Samgong Gears, Mahindra Gears, Eaton, Precipart, Gear Motions, BMT International
Get free sample pages of the latest published Automotive Pinion Gear Market Report: https://www.cognitivemarketresearch.com/automotive-pinion-gear-market-report
Asia Pacific is expected to dominate the automotive pinion gear market during the forecast period.
As per CMR analysis, North America is expected to dominate the automotive pinion gear market during the forecast period. The growth of market is significantly growing in the region due to the rising demand for fuel-efficient vehicles coupled with the higher growth of the automotive industry. The increasing demand for vehicles in the region with the growing focus on fuel efficiency and emissions reduction from government organizations has led to a surge in demand for advanced automotive transmission systems, including pinion gears.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Automotive Pinion Gear Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Automotive Pinion Gear Market Segmentation
1.5.1 Automotive Pinion Gear Market Regional Fragmentation
1.5.1 Automotive Pinion Gear Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Automotive Pinion Gear Market
• 3.1 Global Automotive Pinion Gear Market Size 2018 - 2030, (USD Million)
• 3.2 Global Automotive Pinion Gear Value, Absolute & Opportunity Analysis
• 3.3 Global Automotive Pinion Gear Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Automotive Pinion Gear Market Statistics 2022: Snapshot
Chapter 4 Global Automotive Pinion Gear Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Pinion Gear Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Pinion Gear Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Automotive Pinion Gear Market Regional Analysis
Chapter 12 North America Automotive Pinion Gear Market Outlook (2018 - 2030)
Chapter 13 Europe Automotive Pinion Gear Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Automotive Pinion Gear Market Outlook (2018 - 2030)
Chapter 15 Latin America Automotive Pinion Gear Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Automotive Pinion Gear Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Automotive Pinion Gear Market TOC click here: https://www.cognitivemarketresearch.com/automotive-pinion-gear-market-report#table_of_contents
Related Report:
• Riding Gear Market- https://www.cognitivemarketresearch.com/riding-gear-market-report
• Gears Market- https://www.cognitivemarketresearch.com/gears-market-report
• Gear Box Market- https://www.cognitivemarketresearch.com/gear-box-market-report
• Automotive Gears Market- https://www.cognitivemarketresearch.com/automotive-gears-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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