Automotive Gearbox Market Growth, CAGR, Analysis and Forecast 2023

Summary

Global Automotive Gearbox Market, By material (metallic and plastic) By product type (Planetary, Bevel, Helical, Non-Metallic and other), By vehicle type (Passenger vehicle, Commercial vehicle) and Region - Forecast 2016-2023

Automotive Gearbox Market Overview

An automotive gear helps give an automobile, a smooth start to and allows the outer wheel to rotate faster than the inner wheel for safer turns. Smooth gear shifting enhances the driving experience as well as the growing demand for low-carbon-footprint technologies fuels the growth of the global automotive gears market. Moreover, rising disposable incomes and vehicle-ownership boosts the market growth. Lightweight and highly durable aluminum and composite gears are estimated to gain higher popularity during the forecast period. Focus towards high-quality products & the changing lifestyle of consumers and increasing spending power, enhance the growth of the gear market for automotive sector.

According to the detailed report published by Market Research Future (MRFR), the global Automotive Gearbox Market is poised to acquire a significant market valuation at a substantial 6.4% CAGR over the review period.

Competitive Analysis

The leading market players operating identified by MRFR in the global Automotive Gearbox Market are

Eaton

Mitsubishi Group

Linamar Corporation

Bharat Gears Ltd

NSK Ltd

Neapco Inc

Dana Holding Corporation

ZF TRW

Robert Bosch GmbH

GKN plc

Segmental Analysis

The global Automotive Gearbox Market is analyzed on the basis of the material, product, and vehicle.

The material segment of the global Automotive Gearbox Market is bifurcated into metallic and plastic. The metallic segment is poised to witness a higher CAGR over the review period. This is attributed to the increased durability of metals as compared to plastics.

The product segment of the global Automotive Gears Market is segmented into planetary, bevel, helical, non-metallic, and others.

The vehicle segment of the global automotive gear segment is bifurcated into passenger vehicles and commercial vehicles. Both segments are expected to witness higher growth over the assessment period, owing to the increasing commercialization across the globe and the rising disposable income of consumers.

Regional Analysis

The geographical analysis of the global Automotive Gear Market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa).

The Asia-Pacific market is dominating the market of The Asia-pacific Automotive Gearbox Market due to growth in the automotive sector. The growth of the Automotive Gearbox Market is also influenced by the automotive manufacturing industries in developing economies such as Japan, China, and India, which are driving the demand for automotive gears. The market in the developing countries is primarily driven by economic growth and ongoing industrialization, which helps in the production of motor vehicles and other manufacturing output.
North America is considered as the second-largest automotive gears market due to factors such as a large customer base systems and high disposable income of end-users have fueled the demand for vehicles in the country. The established automotive industry in the region is also expected to contribute substantially to the North American gear market share over the review period.

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