Automotive Gear Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Gear Trends and Forecast

The future of the global automotive gear market looks promising with opportunities in the transmission system, steering system, and differential system markets. The global automotive gear market is expected to reach an estimated $44.7 billion by 2030 with a CAGR of 2.4% from 2024 to 2030. The major drivers for this market are rising interest in low-carbon technology, enhanced acceleration and seamless gear changes for a smoother driving experience, and rising vehicle production worldwide.

A more than 150-page report is developed to help in your business decisions.

Automotive Gear by Segment

The study includes a forecast for the global automotive gear by product type, material type, application, and region.

Automotive Gear Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Bevel Gears
• Helical Gears
• Rack & Pinion Gears
• Spur Gears
• Worm Gears
• Others

Automotive Gear Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:

• Non-Metallic Gears
• Metallic Gears

Automotive Gear Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Transmission System
• Steering System
• Differential System
• Others

Automotive Gear Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Gear Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive gear companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive gear companies profiled in this report include-

• IMS Gear
• Robert Bosch
• ZF TRW
• Dupont
• Bharat Gears
• GKN
• Showa
• Univance
• RSB
• AAM

Automotive Gear Market Insights

Lucintel forecasts that bevel gear will remain the largest segment over the forecast period due to the increasing number of mechanical parts installed in passenger automobiles.

APAC will remain the largest region over the forecast period due to the increased use of automated components in cars, rising smooth gear shifting for a better driving experience, and expanding auto manufacturing in this region.

Features of the Global Automotive Gear Market

Market Size Estimates: Automotive gear market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive gear market size by product type, material type, application, and region in terms of value ($B).

Regional Analysis: Automotive gear market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, material type, application, and regions for the automotive gear market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive gear market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive gear market size?

Answer: The global automotive gear market is expected to reach an estimated $44.7 billion by 2030.

Q2. What is the growth forecast for automotive gear market?

Answer: The global automotive gear market is expected to grow with a CAGR of 2.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive gear market?

Answer: The major drivers for this market are rising interest in low-carbon technology, enhanced acceleration and seamless gear changes for a smoother driving experience, and rising vehicle production worldwide.

Q4. What are the major segments for automotive gear market?

Answer: The future of the global automotive gear market looks promising with opportunities in the transmission system, steering system, and differential system markets.

Q5. Who are the key automotive gear market companies?

Answer: Some of the key automotive gear companies are as follows.

• IMS Gear
• Robert Bosch
• ZF TRW
• Dupont
• Bharat Gears
• GKN
• Showa
• Univance
• RSB
• AAM

Q6. Which automotive gear market segment will be the largest in future?

Answer: Lucintel forecasts that bevel gear will remain the largest segment over the forecast period due to the increasing number of mechanical parts installed in passenger automobiles.

Q7. In automotive gear market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to the increased use of automated components in cars, rising smooth gear shifting for a better driving experience, and expanding auto manufacturing in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive gear market by product type (bevel gears, helical gears, rack & pinion gears, spur gears, worm gears, and others), material type (non-metallic gears and metallic gears), application (transmission system, steering system, differential system, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?