Press release
Global Automotive Gears Market: Industry Insights, Key Players, and Forecast for 2025-2029
Automotive Gears Market Size
What Is The Projected Market Size Of The Global Automotive Gears Market And Its Growth Rate?
The automotive gears market has depicted robust growth in the past, with further progression expected in the foreseeable future. Key statistics include:
•In 2024, the market size was approximately $40.39 billion, growing to an estimated $43.56 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.9%.
•The market is projected to expand to $58.67 billion by 2029, with a CAGR of 7.7%, reflecting a consistent growth across the forecast period.
What Is Driving The Growth In The Automotive Gears Market?
A surge in vehicle production is anticipated to fuel the growth of the automotive gears market. The escalating demand for automotive gears, due to enhanced product durability and vehicle fuel efficiency, correlates directly with the increase in vehicle production. According to the India Brand Equity Foundation (IBEF), the Indian automobile sector, inclusive of component production, is projected to be valued between $251.4 and $282.8 billion by 2026. Post-recovery from the COVID-19 pandemic repercussions, the Indian auto sector is expected to witness swift growth in 2021-22. A similar trend is observed in the UK, with a report published by SMMT Driving the Motor Industry in January 2024, explaining that the production of Battery Electric (BEV), Plug-in Hybrid (PHEV), and Hybrid (HEV) vehicles surged to 346,451 units, a 48.0% increase from the previous year, accounting for nearly 38.3% of the total output. Hence, the augmented vehicle production is undeniably a driving force for the growth of the automotive gears market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6093&type=smp
Who Are the Key Players Driving Automotive Gears Market Growth?
Key players contributing significantly to the growth of the automotive gears market include:
•Robert Bosch GmbH
•ZF Friedrichshafen AG
•Eaton Corporation plc
•Dynamatic Technologies Limited
•Dana Holding Corporation
•NSK Ltd.
•Linamar Corporation
•American Axle & Manufacturing Holdings Inc.
•Universal Auto Gears LLP
•Altra Industrial Motion Corporation
•Gleason Corporation
•Univance Corporation
•Neapco Inc.
•Franz Morat Group
•Bharat Gears Limited
•IMS Gear SE & Co. KGaA
•RSB Transmissions Ltd.
•Framo Morat GmbH & Co. KG
•Precipart Group Inc.
•Cone Drive Operations Inc.
•Taiwan United Gear Co. Ltd.
•Atlanta Gear Works Inc.
•Tracey Gear & Precision Shaft Inc.
•Showa Corporation
•B.D. Industries (India) Pvt. Ltd.
•GKN plc
What Are The Key Trends In The Automotive Gears Market?
Prominent trends reshaping the future of the automotive gears market include:
•Demand for compact and efficient gears
•Transition to electrification
•Advancements in gearbox technology
•Emphasis on fuel efficiency and emissions
•Incorporation of advanced materials
What Are The Segments Of The Global Automotive Gears Market?
The market segments identified within the automotive gears market report are:
•By Material Type: Non-Metallic Gears, Metallic Gears
•By Vehicle: Passenger Car, Commercial Vehicles
•By Product: Parallel Shaft Gears, Spur Gear, Helical Gear, Rack And Pinion Gear, Intersecting Shaft Gear, Bevel Gear, Skew Shaft Gear, Hypoid Gear, Worm Gear, Planetary Gears
•By Application: Transmission System, Steering System, Differential System, Other System
Which Region Leads The Automotive Gears Market?
Asia-Pacific emerged as the largest region in the automotive gears market in 2024 and is predicted to be the fastest-growing region during the forecast period. The market report encompasses multiple regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-gears-global-market-report
What Is Covered In The Automotive Gears Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Gears Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Gears Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Gears Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Gears Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=6093&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Gears Market: Industry Insights, Key Players, and Forecast for 2025-2029 here
News-ID: 3839255 • Views: …
More Releases from The Business Research Company
Global Double-Sided Masking Tapes Market Expansion at 7.8% CAGR, Valued at $18.4 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Double-Sided Masking Tapes Market Size Forecast for 2025?
The market size of double-sided masking tapes has been experiencing consistent growth in recent years. The market will increase from a figure of $13.01 billion in 2024 to about $13.64 billion in 2025, demonstrating a compound annual growth rate…
Construction Adhesives Market on Path to Hit $18.32 Billion by 2029 at 9% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Construction Adhesives Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a robust growth in the size of the construction adhesives market in the recent past. The market that was at $12.06 billion in 2024 is projected to rise to $12.95 billion in 2025, with a…
Future of Chromatography Resins Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Chromatography Resins Market by 2025?
In recent years, the market size of chromatography resins has experienced significant growth. Starting from a value of $2.95 billion in 2024, it is predicted to increase to $3.15 billion in 2025 with a compound annual growth…
Blow-Molded Plastics Industry Set to Achieve $128.73 Billion Milestone by 2029 | …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Blow-Molded Plastics Market Size 2025?
The market size of blow-molded plastics has seen constant enlargement in the previous few years. It is expected to rise from $97.17 billion in 2024 to $99.31 billion in 2025, at a compound annual growth rate (CAGR) of…
More Releases for Gear
Revolutionizing Success in the Gear Racks Market: Latest Trends, Technological A …
The Gear Racks Market research study is a professional report with premium insights into the size of the business, current patterns, drivers, risks, potential outcomes, and major segments. The Industry Report forecasts the future growth of the market based on precise assumptions. Furthermore, based on input from industry experts, the report provides actionable insights into the Gear Racks Market's future growth to assist readers in developing effective strategies. The research…
Global Aircraft Landing Gear Market By Type: Nose Landing Gear, Main Landing Gea …
The airplane's landing gear supports the entire weight of the aircraft during landing and landing procedures. They are attached to the main structural elements of the airplane. The type of equipment required depends on the design and planned use of the aircraft. Most trolleys have wheels to make it easier to move them over uneven surfaces, like the floor. Other objects also include skids, such as the tail portion of…
Abstract of Speed Changer, Industrial High-Speed Drive, and Gear Market 2019 by …
The Speed Changer, Industrial High-Speed Drive, and Gear Market report provides detailed information on past, present and future market trends including the development rate, capacities, growth drivers, technologies and the capital structure. The Speed Changer, Industrial High-Speed Drive, and Gear Market report aims to provide comprehensive details to help market players and consultants to understand the on-going scenario of the Speed Changer, Industrial High-Speed Drive, and Gear market. The Speed…
Gear Racks Market Size, Status, Top Emerging Trends, Growth and Business Opportu …
A new business intelligence report released by Up Market Research on “Global Gear Racks Market”. Report provides a comprehensive market analysis with future prospects to 2026. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
Get Sample Copy Of This Report @
https://www.upmarketresearch.com/home/requested_sample/108986
The report contains 119 pages which highly exhibit on current market analysis scenario, upcoming…
Hurtle Gear
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service.
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service.
Hurtle Gear
3/4 Mummery Crescent
Bunbury
Western Australia
6230…
Global Worm Gear Drives Market Price, Sales, Gross Margin, Growth Rate by Timken …
A worm drive is a gear arrangement in which a worm (which is a gear in the form of a screw) meshes with a worm gear (which is similar in appearance to a spur gear).
Like other gear arrangements, a worm drive can reduce rotational speed or transmit higher torque. A worm is an example of a screw, one of the six simple machines.
Download Sample Report of Worm Gear Drives Market…
