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Market Research Report
Product code
1095728
Automotive Gears Global Market Report 2022 |
Automotive Gears Global Market Report 2022 |
Published: Pre-Order
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
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Automotive Gears Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global automotive gears market.
This report focuses on automotive gears market which is experiencing strong growth. The report gives a guide to the automotive gears market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the automotive gears market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Automotive Gears Market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider automotive gears market, and compares it with other markets.
Markets Covered: 1) By Material Type: Non- Metallic Gears; Metallic Gears
2) By Vehicle: Passenger Car; Commercial Vehicles
3) By Product: Parallel Shaft Gears; Spur Gear; Helical Gear; Rack And Pinion Gear; Intersecting Shaft Gear; Bevel Gear; Skew Shaft Gear; Hypoid Gear; Worm Gear; Planetary Gears
4) By Application: Transmission System; Steering System; Differential System; Other System
Companies Mentioned: GKN plc.; Showa Corporation; ZF TRW; Bharat Gears Limited; IMS Gear
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the automotive gears market are GKN plc, Showa Corporation, ZF TRW, Bharat Gears Limited, IMS Gear, RSB Transmissions Ltd., Robert Bosch GmbH, ZF Friedrichshafen AG, GKN plc, Univance Corporation, American Axle & Manufacturing Holdings Inc., Dupont, Eaton, NSK Ltd, Linamar Corporation, Mitsubishi Group, Dana Holding Corporation, Altra Industrial Motion Corporation, Neapco Inc, Cone Drive, Dynamatic Technologies Limited, Franz Morat Group, Taiwan United Gear Co. Ltd, Universal Auto Gears LLP, Gleason Plastic Gears, AmTech International and AAM.
The global automotive gears market is expected to grow from $32.44 billion in 2021 to $34.43 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The automotive gears market is expected to grow to $44.12 billion in 2026 at a CAGR of 6.4%.
The automotive gears market consists of sales of automotive gears products by entities (organizations, sole traders, and partnerships), that are used in various systems in automobiles. An automotive gear is a spinning device with teeth that transmits torque by meshing with another toothed machine part or gear because of its ability to modify torque, speed, and direction of the power source, gears are regarded as a key component in an automobile system.
The main vehicle types of automotive gears market are passenger cars and commercial vehicles. The commercial car uses automotive gears that are designed to transport more than 15 people. A passenger car uses gears to transfer power from the crankshaft (the rotating axle that receives power from the engine) to the driveshaft, which then powers the wheels. These can be of various material types such as non-metallic gears and metallic gears. The automotive gear market consists of various products which are parallel shaft gears, spur gears, helical gears, rack and pinion gear, intersecting shaft gear, bevel gears, skew shaft gear, hypoid gear, worm gear, planetary gears. These products are used in applications such as transmission systems, steering systems, differential systems, and other systems.
The Asia Pacific was the largest region in the automotive gears market in 2021. The Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in ththe automotive gears market is report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The automotive gears market research report is one of a series of new reports from The Business Research Company that provides automotive gears market statistics, including automotive gears industry global market size, regional shares, competitors with a automotive gears market share, detailed automotive gears market segments, market trends and opportunities, and any further data you may need to thrive in the automotive gears industry. This automotive gears market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Increasing vehicle production is expected to propel the growth of the automotive gears market. With the rise in vehicle production, the demand for automotive gears will increase as it provides enhanced product durability and vehicle fuel efficiency. For instance, according to IBEF (India Brand Equity Foundation), an Indian Government export promotion agency, by 2026, the Indian automobile sector (including component production) is predicted to be worth between $251.4 and $282.8 billion. After recovering from the effects of the COVID-19 pandemic, the Indian auto sector is predicted to rise rapidly in 2021-22. Therefore, an increase in vehicle production drives the growth of automotive gears.
As the automotive gears market expands, new developing trends in the sector are emerging to keep up with the technological advancements surrounding the market. For instance, in 2021 Swiss gear technology company, Humbel's high-precision gear technology one of the leading innovations in gearboxes and transmissions company has designed prototyping for individual special components like internal (ring gears) delivered in the form of flexible, fast, and reliable services that are used in things like e-axels and e-gears in the E-automotive vehicles.
In February 2022, US based private equity company, MidOcean Partners acquired Cloyes for an undisclosed amount. Through this acquisition, MidOcean accelerates its growth in the auto aftermarket space and brings Cloyes into the portfolio of best-in-class auto aftermarket products and services MidOcean has invested. Cloyes is a North American designer, developer, manufacturer and distributor of timing drive systems and engine components for original equipment manufacturers and the automotive aftermarket.
The countries covered in the automotive gears market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.