Automotive Gears Industry Outlook : $5.1 Billion Valuation in 2023 to $8.0 Billion by 2033

Allied Market Research published a report, titled, "Automotive Gears Market by Application (Transmission, Differential and Steering System), Type (Spur, Helical, Rack and Pinion, Worm and Others), and Material (Metallic and Non-Metallic): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the automotive gears market was valued at $5.1 billion in 2023, and is estimated to reach $8.0 billion by 2033, growing at a CAGR of 4.8% from 2024 to 2033.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/A12240

The expanding automotive industry, particularly in emerging economies, along with the growing popularity of electric and hybrid vehicles, further drives the market. Additionally, consumer preference for smoother driving experiences and enhanced vehicle performance contributes to the demand for high-quality gears. Innovations in gear manufacturing processes and materials also play a significant role in market expansion.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬

𝐁𝐲 𝐓𝐲𝐩𝐞

𝐓𝐡𝐞 𝐬𝐩𝐮𝐫 𝐠𝐞𝐚𝐫 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐟𝐚𝐬𝐭𝐞𝐫 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

The spur gear segment is anticipated to experience faster growth in the gear market due to the expanding applications in industries like construction, mining, and agriculture. Spur gears are the most popular type of gear system. They are cylindrical in shape and employed in a variety of industrial applications. Spur gears are composed of toothed components and are noted for their great dependability, durability, and efficacy, as well as their ability to provide the continuous positive speed drive required for industrial applications.

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

𝐓𝐡𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭𝐢𝐚𝐥 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐟𝐚𝐬𝐭𝐞𝐫 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

The differential systems segment is anticipated to experience growth in the gear market, owing to its increase in adoption of advanced equipment for enhanced efficiency and safety. Gears facilitate swift attachment and detachment of construction machinery attachments, reducing downtime and boosting productivity on job sites. In addition, stringent safety regulations in the construction industry drive demand for gear with advanced safety features, further fueling market growth in this segment.

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥

𝐓𝐡𝐞 𝐧𝐨𝐧-𝐦𝐞𝐭𝐚𝐥𝐥𝐢𝐜 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐟𝐚𝐬𝐭𝐞𝐫 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

The non-metallic segment is anticipated to experience growth in the gear market. Non-metallic gears are typically made from materials such as plastics, composites, and high-performance polymers. One of the key benefits of these materials is their flexibility, as their modulus of elasticity is approximately 100 times lower than that of metals. This lower modulus of elasticity allows non-metallic gears to absorb shock loads and vibrations more effectively, resulting in quieter and smoother operation. Furthermore, this flexibility enables the real contact ratio of non-metallic gears to exceed the ideal value, enhancing their performance under various operating conditions.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-gears-market/purchase-options

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐛𝐲 𝟐𝟎𝟑𝟑.

Asia-Pacific is expected to maintain its dominance in the gear market by 2033 owing to robust industrialization, infrastructural development, and growing investments in construction and manufacturing sectors. The growing need for fuel-efficient automobiles and lightweight automotive parts propels the industry forward. Furthermore, lightweight, and highly robust aluminum and composite gears are expected to gain popularity during the forecast period. For instance, NORD introduced the SK 920072.1 two-stage helical bevel gear motor (mounted with a NORD motor), a driving solution for a variety of light-duty conveying, processing, and manufacturing applications. It is distinguished by its high strength yet lightweight design.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

BorgWarner Inc.
Gleason Corporation
Klingelnberg GmbH
David Brown Santasalo
SEW-EURODRIVE
HÖFLER Maschinenbau GmbH
Bonfiglioli Group
Sumitomo Drive Technologies
RENK AG
Nord Drivesystems

The report provides a detailed analysis of these key players in the global gears market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A12240

𝐑𝐞𝐜𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐍𝐞𝐰𝐬

In April 2022, Manuli Hydraulics, announced the launch of MQS-FEH Extra Heavy Duty quick coupling, which was disgned for use in high-vibration situations.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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