Automotive Gears Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The gears have proved as essential component for the automotive manufacturing. The growing demand for automatic transmission is a major ongoing trend in the automotive sector. Asia Pacific has proved to be an attractive market for the automotive gears followed by North America. Development of automatic vehicles will witness prospective growth opportunities for the key players in the forecast period.

MARKET SCOPE

The "Global Automotive gears Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive gears market with detailed market segmentation by product type, material type, application, and geography. The report provides key statistics on the market status of the leading automotive gears market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product type, the global automotive gears market is segmented into spur gears, bevel gears, helical gears, worm gears, rack and pinion gears, planetary gears, hypoid gears and others.
  
•   On the basis of material type, the market is segmented into metallic gears and non0metallic gears.
  
•   Based on application, the global automotive gears market is segmented into transmission system, steering system, differential system and others.
  

MARKET DYNAMICS
Drivers:

•   The automotive gears market is anticipated to grow in the forecast period owing to driving factors such as growth of the automotive industry coupled with production of vehicles.
  
•   Also, enhanced driving experience with respect to improved acceleration and smooth gear shifting further propels the market growth.
  
•   Lightweight gear systems and newer raw material technology would offer lucrative opportunities for the players of the automotive gears market in the coming years.
  

Restraints:

•   High cost associated with high end gear systems may hinder the growth of the automotive gears market during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive gears market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive gears market in these regions.

IMPACT OF COVID-19ON AUTOMOTIVE GEARS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Automotive Gears Market Report Analysis

Automotive Gears Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• American Axle and Manufacturing, Inc.
• AmTech International
• Bharat Gears Limited
• Eaton Corporation Plc
• GKN Plc
• IMS Gear SE and Co. KGaA
• Jiangsu Pacific Precision Forging Co., Ltd. (PPF)
• RSB Group
• SHOWA CORPORATION

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Spur Gears
• Bevel Gears
• Helical Gears
• Worm Gears
• Rack and Pinion Gears
• Planetary Gears
• Hypoid Gears

By Material Type

• Metallic Gears
• Non-Metallic Gears

By Application

• Transmission System
• Steering System
• Differential System

MARKET PLAYERS

The report covers key developments in the automotive gears market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive gears market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive gears in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive gears market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   American Axle and Manufacturing, Inc.
  
•   AmTech International
  
•   Bharat Gears Limited
  
•   Eaton Corporation Plc
  
•   GKN Plc
  
•   IMS Gear SE and Co. KGaA
  
•   Jiangsu Pacific Precision Forging Co., Ltd. (PPF)
  
•   RSB Group
  
•   SHOWA CORPORATION
  
•   Univance Corporation
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Gears Market Report Scope