Automotive gear is also known as gear wheel is a rotating machine part having cut teeth, or cogs, which mesh with another toothed part in order to transmit torque. Two or more gears working in tandem are termed a transmission and can produce a mechanical advantage through a gear ratio and thus may be considered a simple machine. Geared devices can change the speed, magnitude as well as direction of a power source. The demand for the automotive industry is on the rise thereby, the automotive gears market is expected to achieve significant growth during the forecast period.
According to AMA, the market for Automotive Gears is expected to register a CAGR of 6.2% during the forecast period to 2026. This growth is primarily driven by Increasing Vehicle Production, Enhanced Driving Experience In Terms Of Smooth Gear Shifting & Improved Acceleration and Growing Demand For Low Carbon Footprint Technologies.
Globally, a noticeable market trend is evident Latest Technological Advancements in Automotive Gears. The Auto Parts & Equipment sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as GKN PLC (United Kingdom), Bharat Gears Ltd. (India), Showa Corporation (Japan), Dupont (United States), ZF TRW (United States), Univance Corporation (Japan), Robert Bosch GmbH (Germany), AAM (Germany), IMS Gear GmbH (Germany) and RSB (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Recently, American Axle & Manufacturing, Inc., a global leader in the design, engineering, and manufacturing of automotive driveline and powertrain components, will expand operations in the industrial area of Viladecans, Spain. This expansion is expected to support growth with new and existing European customers. AAM Barcelona will produce a complete range of damper products including damped gears, compression dampers, PV bonded dampers, isolation pulleys, in-mold bonded dampers, and damped gears.
- Increasing Vehicle Production
- Enhanced Driving Experience In Terms Of Smooth Gear Shifting & Improved Acceleration
- Growing Demand For Low Carbon Footprint Technologies
- Latest Technological Advancements in Automotive Gears
- High Cost Of High-End Gear Systems
- Low Penetration Of Advanced Geared Vehicles In High Volume Markets
Plastic Gears Reinforced With Carbon Fiber Is An Upcoming Technology and Lightweight Gear Systems
Complex Mechanical Systems With High Maintenance Cost
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Gears Study Sheds Light on
The Automotive Gears Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Automotive Gears industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Gears industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.