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Automotive Differential Gear Market to Significant Growth Foreseen by 2026
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Global Automotive Differential Gear Market: Market Dynamics
The growth of global automotive differential gear market is fueled by increasing vehicle production across the globe. The major factors which drives the global market of automobile differential gear are increasing popularity of off-roading in youth, enhanced driving experience in terms of racing and sports cars. Increasing demand of automobile due to increase in rate of nuclear families, changing life style, accelerating rate of fuel efficient cars in the market, are also expected to drive the demand for differential gears over the forecast period.
Automatic differential system do not operate smoothly on sharp turns and often leads to tire wear. While locking and unlocking, differential system produces banging noise. These factors are considered as major factors that hamper the growth of global automotive differential gear market. A substantial amount of growth is expected in the aftermarket segment of global automotive differential gear market. High cost is expected to be one of the restraining factor for the growth of global automotive differential gear market.
Global Automotive Differential Gear Market: Segmentation
Global automotive differential gear market can be segmented on the basis of product type as
Planetary
Rack and pinion
Worm
Helical
Non-metallic
Others
The global automotive differential gear market can be segmented on the basis of application as
Differential
Steering system
Transmission
Others
The global automotive differential gear market can also be segmented on the basis of sales as
OEM (Original Equipment Manufacturers)
Aftersales
Geographically, the global automotive differential gear market can also be segmented as
Asia Pacific
Japan
North America
Eastern Europe
Latin America
Middle-East Africa
Western Europe
Global Automotive Differential Gear Market: Regional Outlook
Global automotive differential gear market is anticipated to be driven by growth in mid and premium range cars in Asia-Pacific, North America and European regions. There is slow but rising demand for convertible automobiles in European countries and which is also expected to drive the global automotive differential gear market in the near future.
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Global Automotive Differential Gear Market: Key Players
Some of the key players identified in the value chain of global automotive differential gear market are as follows:
Eaton Corporation plc
Linamar Corporation
NSK Ltd.
Bharat Gears Ltd
Neapco Inc
ONDO SHINSHO Precision Technology Corporation
Metaldyne Performance Group, Inc.
American Axel & Manufacturing, Inc.
Mitsubishi Group
Dana Holding Corporation
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