Press release
Transforming the Automotive Spur Gear Market in 2025: Rising Electric Vehicle Sales Boost Automotive Spur Gear Market Growth
Automotive Spur Gear Market Size
The automotive spur gear market has experienced strong growth, projected to rise from $31.63 billion in 2024 to $33.8 billion in 2025, at a CAGR of 6.9%. This growth has been driven by increased vehicle production volumes, stricter fuel efficiency standards, evolving automotive design trends, material advancements, and overall global economic conditions.
The automotive spur gear market is expected to grow robustly, reaching $41.85 billion by 2029 at a CAGR of 5.5%. This growth can be attributed to the adoption of electric vehicles, emission reduction initiatives, increased vehicle customization, and R&D investments. Major trends include the use of advanced manufacturing technologies, noise reduction, the introduction of high-strength gears, energy-efficient designs, and the development of gear solutions for electric and hybrid vehicles.
What Factors Are Fueling Growth in the Automotive Spur Gear Market?
Rising electric vehicle sales are also driving the growth of the automotive spur gear market. Spur gears optimize power transmission and improve the efficiency of electric vehicles by ensuring precise control of speed and torque. The International Energy Agency forecasts a continued increase in electric vehicle sales, further expanding the market for automotive spur gears.
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Which Leading Companies Are Shaping the Growth of the Automotive Spur Gear Market?
Major companies operating in the automotive spur gear market report are Siemens AG, ZF Friedrichshafen AG, Eaton Corporation PLC, Sumitomo Heavy Industries Ltd., NSK Limited, Bosch Rexroth AG, Linamar Corporation, American Axle & Manufacturing Inc., The Timken Company, MISUMI Corporation, GKN Sinter Metals Engineering GmbH, Tsubakimoto Chain Co., Univance Corporation, Renold PLC, BMT International SA, Bharat Gears Limited, Neugart GmbH, Showa Corporation, Boston Gear Inc., Wittenstein Group, ABA PGT Inc., Cleveland Gear Company, Precision Gears Inc., DESCH Antriebstechnik GmbH & Co. KG, KHK Gears Co Ltd., B&R Motion Gears, Samgong Gear Co. Ltd., DB Gears, Mahindra Gears & Transmissions Pvt Ltd., Oerlikon Graziano SpA
What Are the Major Trends Shaping the Automotive Spur Gear Market?
In the automotive spur gear market, companies are focusing on the development of automatic gear shift variants to offer reliable services. The automatic gear system, developed by Suzuki, allows manual gearboxes to automate gear changes without the driver needing to engage the clutch pedal or gear lever. In May 2023, Suzuki Motor Corporation, a Japan-based mobility manufacturer, launched the S-Presso AGS (Automatic Gear Shift), providing stronger performance and a more convenient, efficient driving experience. Additionally, the vehicle features a new 1.0L K10C engine with an auto stop-start system to reduce fuel consumption while idle.
What Are the Key Segments of the Automotive Spur Gear Market?
The automotive spur gear market covered in this report is segmented -
1) By Product: External Spur Gear, Internal Spur Gear
2) By Material: Steel, Nylon, Aluminum, Bronze, Phenolic, Cast iron, Bakelite, Plastics
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
4) By Sales Channel: OEM (Original Equipment Manufacturer), After market
Subsegments:
1) By External Spur Gear: Straight Tooth External Spur Gear, Helical Tooth External Spur Gear
2) By Internal Spur Gear: Internal Spur Gear With Straight Teeth, Internal Spur Gear With Helical Teeth
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Which Region Dominates the Automotive Spur Gear Market?
Asia-Pacific was the largest region in the automotive spur gear market in 2024. The regions covered in the automotive spur gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Spur Gear Global Market Report?
- Market Size Analysis: Analyze the Automotive Spur Gear Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Spur Gear 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 Spur Gear Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Spur Gear Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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