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
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
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…
