Global Automotive Gears Market

Increase in the production of vehicles, increasing demand for improved acceleration and low carbon footprints are the driving factors of the global automotive gears market, specifically in Asia-Pacific regions. Additionally, the other factors such as economic growth and rise in income levels in the developing countries lead to an increased demand and production of vehicles. This further drives the growth of the global automotive gears market.

Market Dynamics

The global automotive gears market is anticipated to grow at a CAGR of around 6.54% by 2022. Following are the different driving factors for the growth of this market:

Drivers:

--> Increased production of automobiles resulting in increased demand for gear systems

--> Demand for a smoother ride experience by consumers

--> Rising disposable incomes and vehicle-owning households

--> Advancements in non-ferrous metal castings

--> Identification of durable polymer materials

Market Segmentation

Segmentation based on material type:

--> Ferrous metals

--> Non-ferrous metals

--> Plastics

Segmentation based on application type:

--> Steering systems

--> Transmission systems

--> Differential systems

Segmentation based on position of axis of shaft type:

--> Skew shaft gears

--> Intersecting shaft gears

--> Parallel shaft gears

Segmentation based on geography:

--> North America

--> Europe

--> Asia-Pacific

--> Latin America

--> Africa & Middle East

Opportunities

As of 2015, the differential systems were the major application of gears. However, the increasing demand for smoother gear-shift-ratio systems and auto-transmission systems is expected to push the automotive gears market in the transmission systems towards a higher CAGR by the end of the forecasted period. It is estimated that the lightweight and highly durable aluminium and composite gears will gain higher popularity in the market, thereby leading to a significant growth in the forecasted period.

The majority of the revenue in the automotive component manufactures is generated by Asia-Pacific. The growth of the automobile production in the region, with emerging hubs such as India and China in automotive component manufactures, is expected to fasten the growth of the market in the region by the end of forecasted period. In the light of growing automotive markets of Portugal and Spain, Europe is expected to witness substantial growth in the automotive gears market.

Key Players

--> Bharat Gears Ltd.

--> Showa Corporation

--> Taiwan United Gear Co. Ltd.

--> ZF TRW

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage