Automotive Gears Market
Automotive Gears Market Forecasts to 2030 - Global Analysis By Gear Type (Bevel Gears, Spur Gears, Helical Gears, Worm Gears, Planetary Gears, Rack & Pinion Gears and Other Gear Types), Vehicle Type, Material, Production Process, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Automotive Gears Market is accounted for $42.58 billion in 2024 and is expected to reach $52.63 billion by 2030 growing at a CAGR of 5.2% during the forecast period. Automotive gears are mechanical components that transmit power and motion within a vehicle's drivetrain. They enable the engine's rotational force to be converted into usable torque, allowing for acceleration and speed regulation. They come in various forms, such as spur, helical, bevel, and planetary gears, each designed to optimize efficiency, reduce wear, and ensure reliability under different driving conditions.
According to IEA, 14 million new electric vehicles were registered in Europe in 2023, China produced 8.1 million electric vehicles, and the US reached 1.4 million in 2023.
Market Dynamics:
Driver:
Growing vehicle production
As global automotive manufacturing ramps up, the need for reliable, high-performance gears becomes critical for enhancing vehicle efficiency, performance, and safety. Increased production leads to higher sales volumes, allowing manufacturers to scale operations and invest in innovative gear technologies. Additionally, the rise in consumer preference for advanced features in vehicles, such as improved fuel efficiency and enhanced driving dynamics, further fuels the demand for specialized gear systems, ultimately contributing to market growth and innovation in gear design and manufacturing.
Restraint:
Design complexities
Design complexities in automotive gears arise from the need for higher performance, efficiency, and adaptability in modern vehicles. As manufacturers incorporate advanced technologies, such as hybrid and electric drive trains, the intricacies of gear systems increase, necessitating precise engineering and specialized materials. These complexities can lead to longer development times, higher production costs, and increased risk of design errors, ultimately hampering market growth.
Opportunity:
Mounting shift towards electric vehicles (EVs)
The mounting shift towards electric vehicles (EVs) necessitates the development of specialized gear systems tailored for electric drive trains. Unlike traditional internal combustion engines, EVs require different gear configurations to optimize torque delivery and improve efficiency. This transition encourages manufacturers to innovate and develop lightweight, high-performance gears that enhance the overall performance of electric vehicles. As EV adoption continues to rise, the automotive gears market will expand to meet evolving requirements in this segment.
Threat:
Competition from alternative technologies
Competition from alternative technologies, such as electric and hydrogen fuel cell vehicles, reduces the reliance on traditional mechanical gear systems. Additionally, innovations like direct-drive systems and electronically controlled transmissions eliminate the need for complex gear arrangements, further threatening traditional gear manufacturers. This shift can lead to decreased investment in gear technology development and production, creating challenges for companies to maintain competitiveness in a rapidly evolving automotive landscape.
Covid-19 Impact
The covid-19 pandemic significantly impacted the automotive gears market by disrupting production and supply chains, leading to delays and shortages. Lockdowns and reduced consumer demand caused a decline in vehicle sales, resulting in decreased gear production. However, the shift towards electric vehicles (EVs) spurred innovation in gear technology, as manufacturers sought to adapt to new drivetrain requirements. As the market recovers, a focus on sustainability and advanced manufacturing processes is expected to shape the future of automotive gears.
The smart gears segment is expected to be the largest during the forecast period
The smart gears segment is predicted to secure the largest market share throughout the forecast period owing to its enhanced vehicle performance and efficiency. These gears provide real-time data on parameters like temperature, wear, and load, enabling predictive maintenance and reducing downtime. Their ability to communicate with other vehicle systems supports enhanced functionality, contributing to the development of autonomous and connected vehicles, ultimately revolutionizing the automotive gears market.
The automotive gears segment is expected to have the highest CAGR during the forecast period
The automotive gears segment is anticipated to witness the highest CAGR during the forecast period. Automotive gears play a crucial role in transmission systems, facilitating the transfer of engine power to the wheels. They enable smooth gear shifts, allowing vehicles to accelerate efficiently and maintain optimal speed across various driving conditions. They leverage innovative gear designs to enhance fuel efficiency, improve performance, and ensure a seamless driving experience.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period driven by increasing vehicle production and rising consumer demand. Countries like China, Japan, and India are major players, with advancements in manufacturing technologies and a shift towards electric and hybrid vehicles enhancing gear design and efficiency. Additionally, government initiatives promoting automotive innovations and investments in infrastructure further boost market prospects. Further, growing focus on fuel efficiency is making the Asia-Pacific region a key hub for automotive gear production and innovation.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period characterized by a strong automotive industry. The United States and Canada lead the market, focusing on innovations in gear design to support electric vehicles and automated systems. The presence of major automotive manufacturers and a growing emphasis on sustainability are fueling the development of lightweight and high-strength gears. Additionally, investments in research and development, along with regulatory support for emissions reduction, are propelling market growth in the region.
Key players in the market
Some of the key players profiled in the Automotive Gears Market include Robert Bosch GmbH, Magna International Inc., ZF Friedrichshafen AG, Eaton Corporation plc, Schaeffler AG, Bharat Gears Ltd., Univance Corporation, Linamar Corporation, SHOWA Corporation, Mando Corporation, Oerlikon Group, NSK Limited, GKN Automotive, BorgWarner Inc., American Axle & Manufacturing Inc. and Dana Incorporated.
Key Developments:
In May 2024, Dana Incorporated launched a new line of high-efficiency gear systems designed specifically for commercial electric vehicles (EVs), with a focus on heavy-duty applications such as trucks and buses. This development aims to enhance the overall energy efficiency and performance of electric drivetrains, addressing the growing demand for sustainable solutions in the transportation sector.
In April 2024, ZF Friedrichshafen AG introduced a new range of gear systems aimed at optimizing the performance of electric vehicle (EV) drive trains. These innovative gear systems are specifically designed to address key challenges in electric mobility, such as energy efficiency and driving range, which are critical for the success of electric vehicles.
Gear Types Covered:
• Bevel Gears
• Spur Gears
• Helical Gears
• Worm Gears
• Planetary Gears
• Rack & Pinion Gears
• Other Gear Types
Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicles
• Electric Vehicles (EVs)
• Hybrid Vehicles
Materials Covered:
• Metal
• Plastic
• Composite Materials
• Other Materials
Production Processes Covered:
• Casting
• Forging
• Machining
• Additive Manufacturing
• Other Production Processes
Technologies Covered:
• Conventional Gears
• Smart Gears
Applications Covered:
• Transmission Systems
• Drivetrain Systems
• Engine Systems
• Wiper Systems
• Steering Systems
• Differential Systems
• Other Applications
End Users Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Gears Market, By Gear Type
5.1 Introduction
5.2 Bevel Gears
5.3 Spur Gears
5.4 Helical Gears
5.5 Worm Gears
5.6 Planetary Gears
5.7 Rack & Pinion Gears
5.8 Other Gear Types
6 Global Automotive Gears Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Cars
6.3 Commercial Vehicles
6.4 Electric Vehicles (EVs)
6.5 Hybrid Vehicles
7 Global Automotive Gears Market, By Material
7.1 Introduction
7.2 Metal
7.3 Plastic
7.4 Composite Materials
7.5 Other Materials
8 Global Automotive Gears Market, By Production Process
8.1 Introduction
8.2 Casting
8.3 Forging
8.4 Machining
8.5 Additive Manufacturing
8.6 Other Production Processes
9 Global Automotive Gears Market, By Technology
9.1 Introduction
9.2 Conventional Gears
9.3 Smart Gears
10 Global Automotive Gears Market, By Application
10.1 Introduction
10.2 Transmission Systems
10.3 Drivetrain Systems
10.4 Engine Systems
10.5 Wiper Systems
10.6 Steering Systems
10.7 Differential Systems
10.8 Other Applications
11 Global Automotive Gears Market, By End User
11.1 Introduction
11.2 Original Equipment Manufacturers (OEMs)
11.3 Aftermarket
12 Global Automotive Gears Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Robert Bosch GmbH
14.2 Magna International Inc.
14.3 ZF Friedrichshafen AG
14.4 Eaton Corporation plc
14.5 Schaeffler AG
14.6 Bharat Gears Ltd.
14.7 Univance Corporation
14.8 Linamar Corporation
14.9 SHOWA Corporation
14.10 Mando Corporation
14.11 Oerlikon Group
14.12 NSK Limited
14.13 GKN Automotive
14.14 BorgWarner Inc.
14.15 American Axle & Manufacturing Inc.
14.16 Dana Incorporated
14.17 Aisin Seiki Corporation
List of Tables
1 Global Automotive Gears Market Outlook, By Region (2022-2030) ($MN)
2 Global Automotive Gears Market Outlook, By Gear Type (2022-2030) ($MN)
3 Global Automotive Gears Market Outlook, By Bevel Gears (2022-2030) ($MN)
4 Global Automotive Gears Market Outlook, By Spur Gears (2022-2030) ($MN)
5 Global Automotive Gears Market Outlook, By Helical Gears (2022-2030) ($MN)
6 Global Automotive Gears Market Outlook, By Worm Gears (2022-2030) ($MN)
7 Global Automotive Gears Market Outlook, By Planetary Gears (2022-2030) ($MN)
8 Global Automotive Gears Market Outlook, By Rack & Pinion Gears (2022-2030) ($MN)
9 Global Automotive Gears Market Outlook, By Other Gear Types (2022-2030) ($MN)
10 Global Automotive Gears Market Outlook, By Vehicle Type (2022-2030) ($MN)
11 Global Automotive Gears Market Outlook, By Passenger Cars (2022-2030) ($MN)
12 Global Automotive Gears Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
13 Global Automotive Gears Market Outlook, By Electric Vehicles (EVs) (2022-2030) ($MN)
14 Global Automotive Gears Market Outlook, By Hybrid Vehicles (2022-2030) ($MN)
15 Global Automotive Gears Market Outlook, By Material (2022-2030) ($MN)
16 Global Automotive Gears Market Outlook, By Metal (2022-2030) ($MN)
17 Global Automotive Gears Market Outlook, By Plastic (2022-2030) ($MN)
18 Global Automotive Gears Market Outlook, By Composite Materials (2022-2030) ($MN)
19 Global Automotive Gears Market Outlook, By Other Materials (2022-2030) ($MN)
20 Global Automotive Gears Market Outlook, By Production Process (2022-2030) ($MN)
21 Global Automotive Gears Market Outlook, By Casting (2022-2030) ($MN)
22 Global Automotive Gears Market Outlook, By Forging (2022-2030) ($MN)
23 Global Automotive Gears Market Outlook, By Machining (2022-2030) ($MN)
24 Global Automotive Gears Market Outlook, By Additive Manufacturing (2022-2030) ($MN)
25 Global Automotive Gears Market Outlook, By Other Production Processes (2022-2030) ($MN)
26 Global Automotive Gears Market Outlook, By Technology (2022-2030) ($MN)
27 Global Automotive Gears Market Outlook, By Conventional Gears (2022-2030) ($MN)
28 Global Automotive Gears Market Outlook, By Smart Gears (2022-2030) ($MN)
29 Global Automotive Gears Market Outlook, By Application (2022-2030) ($MN)
30 Global Automotive Gears Market Outlook, By Transmission Systems (2022-2030) ($MN)
31 Global Automotive Gears Market Outlook, By Drivetrain Systems (2022-2030) ($MN)
32 Global Automotive Gears Market Outlook, By Engine Systems (2022-2030) ($MN)
33 Global Automotive Gears Market Outlook, By Wiper Systems (2022-2030) ($MN)
34 Global Automotive Gears Market Outlook, By Steering Systems (2022-2030) ($MN)
35 Global Automotive Gears Market Outlook, By Differential Systems (2022-2030) ($MN)
36 Global Automotive Gears Market Outlook, By Other Applications (2022-2030) ($MN)
37 Global Automotive Gears Market Outlook, By End User (2022-2030) ($MN)
38 Global Automotive Gears Market Outlook, By Original Equipment Manufacturers (OEMs) (2022-2030) ($MN)
39 Global Automotive Gears Market Outlook, By Aftermarket (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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