Automotive Gears Market: Introduction
A rotating component having teeth that transmits torque when it meshes with another toothed machine part or gear is known as an automobile gear. The ability of the gears to alter the torque, speed, and direction of the power source makes them a crucial part of an automobile system. From manual gear shift prototypes to automatic gear transmission systems in the present crop of automobiles, the market for automotive gears has developed.
Due to increased product durability and vehicle fuel efficiency, automatic transmission has become more popular in the automotive gears market today. A technologically advanced gear system aids in engine smooth operation and reduces potential engine losses due to friction and lubrication. This lowers the vehicle’s emission level.
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Original equipment manufacturers (OEMs) and the aftermarket both contribute to the need for automotive gear systems, but the aftermarket is seen as the main driver of the market’s expansion.
Market Dynamics
The growth in passenger as well as production of vehicles has resulted in demand increase of the automotive gears. The automotive gears market is primarily driven by the increasing demand for improved acceleration and low carbon footprint in the automotive vehicles. The limited product shelf life in conventional gear systems also can be attributed to the growth of automotive gears market.
The lightweight and highly durable aluminum and composite gears are estimated to gain popularity with their market registering a significant growth during the forecast period. Parallel shaft gears and skew shaft gears together are expected to account for a large market share in the overall automotive gears market over the forecast period.
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Regional Outlook
The burgeoning production volume for passenger and LCV in the Asia Pacific region is expected to be an attractive market for the global automotive gears market.
North America is expected to be another prominent market during the forecast period owing to the large customer base for vehicles in this region particularly in commercial vehicles thus facilitating the growth of the automotive gears market. The growing North American automotive market thus represents several opportunities for manufacturers of automotive gears and other automotive parts.
Europe followed by North America is estimated to account for a considerable share of the global automotive gears market during the forecast period with France, U.K., Italy, and Germany being the prominent countries.
Market Segmentation
On the basis of application
- Transmission system,
- Differential system,
- Steering system,
- Other automotive gears system
On the basis of product type
- Parallel Shaft Gears
- Spur gear
- Helical gear
- Rack gear
- Pinion gear
- Intersecting Shaft Gears
- Bevel gear
- Skew Shaft Gears
- Hypoid gear
- Worm gear,
- Planetary gears
On the basis of material type
- Metallic gears
- Non-metallic gears
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Market Participants
Examples of some of the key market participants identified in the global automotive gear market include Showa Corporation, Bharat Gears Limited, IMS Gear, RSB Transmissions Ltd., Robert Bosch GmbH, ZF Friedrichshafen AG, E. I. du Pont de Nemours and Company, GKN plc, Univance Corporation, and American Axle & Manufacturing Holdings, Inc., among others.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2012 – 2014
- Market Size & Forecast 2015 to 2024
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis
- North America
- Latin America
- Europe
- Asia Pacific & Japan
- The Middle East and Africa
Report Highlights:
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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