North America Automotive Gears Market Size and Forecasts, Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type, Material Type, and Application

Description

List of Tables

North America automotive gears market accounted for US$ 7,593.71 million in the year 2022 and is expected to grow at a CAGR of 4.0% during the period 2022 - 2030, to account for US$ 10,378.52 million in the year 2030.

The presence of key players in the North America automotive industry represents significant opportunities for automotive gears market players. The rise in investments by key players in manufacturing automotive components in North America is expected to create ample opportunity for the automotive gears market growth. Key players in the market are designing innovative gearboxes for electric vehicle manufacturing to have a smooth riding experience. Companies such as Honda, Toyota, Ford Motor Company, General Motors, and Panasonic have announced millions of dollars of investments in manufacturing in North Carolina, Michigan, Ohio, Missouri, Kansas, and other states in the US.

In January 2023, General Motors Co. announced an investment of ~US$ 918 million to manufacture new internal combustion engines. The company planned to invest this amount across four plants in the United States. Among these investments, more than US$ 854 million were utilized in producing the company's Small Block V-8 engine at its four facilities in the United States.

In June 2023, Lexus and Toyota designed and launched electric cars simulated with innovative manual gearboxes for smooth driving. Toyota designed this "simulated manual gearbox" for its EVs.

In June 2022, Ford Motor Co. planned to invest more than US$ 3.7 billion to expand its automotive assembly plants in Missouri, Michigan, and Ohio, United States. With these investments, the company planned to enhance its production activities of both gasoline-powered and electric vehicles.

In April 2022, Toyota Motor automotive manufacturer planned to invest more than US$ 383 million in the United States. This investment was made to expand its vehicle production activities of four-cylinder engines, including hybrid electric vehicles, located in Kentucky, Missouri, Alabama, and Tennessee plants.

Canada-based Tier 1 and 2 vehicle manufacturers have integrated supply chains by adopting advanced technology for their manufacturing processes. Canada and the United States have several automotive industry associations, such as the National Industry Association (NIA), the Automotive Parts Manufacturers Association (APMA), and the National Automobile Dealers Association, representing automotive parts, automotive equipment, and other automotive-related services. These associations are also helping boost North America's economy in the automotive sector, which in turn drive the North America automotive gears market growth.

The adoption of advanced technologies and the formation of associations for automotive industry growth are expected to create significant opportunities for the automotive gears market. For example, forming North America's Business Association for Autonomous Vehicle Clusters to create value and develop autonomous vehicle-related programs created significant market opportunities. Increasing investments by the key players and rising automotive industry associations are expected to create ample opportunities for North America automotive gears market growth.

Based on product type, the North America automotive gears market share is segmented into planetary gears, spur gears, bevel gears, helical gears, worm gears, rack & pinion gears, hypoid gears, and others.

The rising sale of cars and a surge in the demand for compact vehicles in North America drive this segmental growth. Growing demand for fuel-efficient small-size compact and hybrid cars is driving the demand for worm gears. According to the OICA data, the sales of compact cars across the US increased by 6% in 2021, reaching 1.24 million units. Such growing sales in the US may offer lucrative opportunities for the growth of North America automotive gears market share of the US.

Symmco Inc, JTEKT Corp, American Axle & Manufacturing Inc, ThyssenKrupp AG, Dana Inc, Gear Motions Inc, GKN Automotive Ltd, AmTech International Inc, Univance Corp, and The Adams Co. are among the key North America automotive gears market players profiled during the market study. In addition, several other important market players operating in the ecosystem were studied and analyzed during this market research study to get a holistic overview of the North America automotive gears market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America automotive gears market.
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Product Code: TIPRE00030058

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Automotive Gears Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. Automotive Gears Market - Key Industry Dynamics

5.1 Key Market Drivers:
- 5.1.1 Rise in Production and Sales of Passenger and Commercial Vehicles in North America
- 5.1.2 Favorable Policies for Manufacturing Vehicle Components Across North America
- 5.1.3 Rise in Demand for Energy-Efficient Automatic Transmission Systems
5.2 Restraints:
- 5.2.1 High Cost of Gearing Systems and High Capital Investment in Manufacturing Gears
5.3 Opportunities:
- 5.3.1 Rising Investment in Manufacturing Automotive Components in North America
5.4 Trends:
- 5.4.1 Rising Demand for Lightweight Gearing Systems in Electric Vehicles
5.5 Impact of Drivers And Restraints:

6. Automotive Gears Market - Regional Market Analysis

6.1 Automotive Gears Market Revenue (US$ Mn), 2020 - 2030
6.2 Automotive Gears Market Forecast And Analysis

7. Automotive Gears Market Analysis - Product type

7.1 Overview
7.2 North America Automotive Gears Market, by Product type (2022 and 2030)
7.3 Product type Market Forecasts And Analysis
7.4 Spur gears
- 7.4.1 Overview
- 7.4.2 Spur gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
7.5 Bevel gears
- 7.5.1 Overview
- 7.5.2 Bevel gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
7.6 Helical Gears
- 7.6.1 Overview
- 7.6.2 Helical gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
7.7 Worm Gears
- 7.7.1 Overview
- 7.7.2 Worm Gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
7.8 Planetary Gears
- 7.8.1 Overview
- 7.8.2 Planetary Gears Market Volume, Revenue and Forecast to 2030 (US$ Mn)
7.9 Rack & Pinion Gears
- 7.9.1 Overview
- 7.9.2 Rack & Pinion Gears Market Volume, Revenue and Forecast to 2030 (US$ Mn)
7.10 Hypoid Gears
- 7.10.1 Overview
- 7.10.2 Hypoid Gears Market Volume, Revenue and Forecast to 2030 (US$ Mn)
7.11 Others
- 7.11.1 Overview
- 7.11.2 Others Market Volume, Revenue and Forecast to 2030 (US$ Mn)

8. North America Automotive Gears Market Revenue Analysis - by Material Type

8.1 Overview
8.2 North America Automotive Gears Market, by Application (2022 and 2030)
8.3 Metallic Gears
- 8.3.1 Overview
- 8.3.2 Metallic Gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
8.4 Non-metallic Gears
- 8.4.1 Overview
- 8.4.2 Non-metallic Gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)

9. North America Automotive Gears Market Revenue Analysis - by Application

9.1 Overview
9.2 North America Automotive Gears Market, by Application (2022 and 2030)
9.3 Transmission System
- 9.3.1 Overview
- 9.3.2 Transmission System: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
9.4 Steering System
- 9.4.1 Overview
- 9.4.2 Steering System: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
9.5 Differential System
- 9.5.1 Overview
- 9.5.2 Differential System: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)

10. North America Automotive Gears Market - Regional Analysis

10.1 Overview
10.2 North America Automotive Gears Market Revenue and Forecasts To 2030 (US$ Mn)
- 10.2.1 North America Automotive Gears Market Breakdown by Product type
- 10.2.2 North America Automotive Gears Market Breakdown by Material Type
- 10.2.3 North America: Automotive Gears Market, by Application
- 10.2.4 North America Automotive Gears Market Breakdown by Country
  - 10.2.4.1 United States Automotive Gears Market Revenue and Forecasts To 2030 (US$ Mn)
    - 10.2.4.1.1 United States Automotive Gears Market Breakdown by Product type
    - 10.2.4.1.2 United States Automotive Gears Market Breakdown by Material type
    - 10.2.4.1.3 United States Automotive Gears Market Breakdown by Application
  - 10.2.4.2 Canada Automotive Gears Market Revenue and Forecasts To 2030 (US$ Mn)
    - 10.2.4.2.1 Canada Automotive Gears Market Breakdown by Product type
    - 10.2.4.2.2 Canada Automotive Gears Market Breakdown by Material type
    - 10.2.4.2.3 Canada Automotive Gears Market Breakdown by Application
  - 10.2.4.3 Mexico Automotive Gears Market Revenue and Forecasts To 2030 (US$ Mn)
    - 10.2.4.3.1 Mexico Automotive Gears Market Breakdown by Product type
    - 10.2.4.3.2 Mexico Automotive Gears Market Breakdown by Material type
    - 10.2.4.3.3 Mexico Automotive Gears Market Breakdown by Application

11. Covid-19 Impact Analysis

12. Competitive Landscape

12.1 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions

14. Company Profiles

14.1 Symmco Inc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 JTEKT Corp
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 American Axle & Manufacturing Inc
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 ThyssenKrupp AG
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Dana Inc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Gear Motions Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 GKN Automotive Ltd
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 AmTech International Inc
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Univance Corp
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 The Adams Co
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About US
15.2 Glossary of Terms