Automotive Gear Market Growing at 6.4% CAGR - Forecast to 2023

Market Research Future published a research report on “Automotive Gear Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Automotive Gear Market, By material (metallic and plastic) By product type (Planetary, Bevel, Helical, Non-Metallic and other), By vehicle type (Passenger vehicle, Commercial vehicle) and Region - Forecast 2016-2023.

Market Synopsis of Automotive Gear Market:

The high demand for automotive gears is due to the growth in the automotive industry. An automotive gear helps give an automobile, a smooth start to and allows the outer wheel to rotate faster than the inner wheel for safer turns. Smooth gear shifting enhances the driving experience as well as the growing demand for low-carbon-footprint technologies fuels the growth of the global automotive gears market. Moreover, rising disposable incomes and vehicle-ownership boosts the market growth. Lightweight and highly durable aluminum and composite gears are estimated to gain higher popularity during the forecast period. Focus towards high-quality products & the changing lifestyle of consumers and increasing spending power, enhance the growth of the gear market for automotive sector.

However, the high cost of advanced gear system than the conventional gear system acts as a barrier for the growth of automotive gear market.

Global Automotive gear market was valued at USD 28.40 Billion in 2015 and is projected to grow at a CAGR of 6.4% during the forecast period.

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Regional Analysis:

Asia-Pacific market is dominating the market of automotive gear market due to growth in automotive sector. Development of automotive manufacturing industries in developing economies such as China and India are driving the market for automotive gears. The market in the developing countries is largely driven by economic growth and ongoing industrialization, which helps in production of motor vehicles and other manufacturing output.
North America is referred to as the second-largest automotive gears market due to factors such as large customer base and high disposable income of end-users have fueled the demand for vehicles in the country.

Key Players:

The major player operating in the market of global automotive gear are Eaton, Linamar Corporation, NSK Ltd, Bharat Gears Ltd, Neapco Inc, Mitsubishi Group, Dana Holding Corporation, Robert Bosch GmbH, ZF TRW and GKN plc.

Target Audience:

• Organizations
• Manufacturer
• Research Institute / Education Institute
• Potential Investors

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TOC -

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Automotive Gear Market, By Material

4.1 Metallic

4.2 Plastic

5 Global Automotive Gear Market, By Product Type

5.1 Introduction

5.2 Planetary

5.3 Bevel

5.4 Helical

5.5 Non-Metallic

5.6 Other

6 Global Automotive Gear Market, By Vehicle Type

6.1 Introduction

6.2 Passenger Vehicle,

6.3 Commercial Vehicle

7 Regional Market Analysis
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8 Competitive Analysis
LIST OF TABLES
LIST OF FIGURES

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