Automotive Gear Market
Automotive Gear Market Study by Worm, Bevel, Spur, Helical, Rack & Pinion, Planetary, and Hypoid Gears for Passenger Cars, LCVs, Trucks, Buses, Off-Road Vehicles, and Two-Wheelers from 2024 to 2034
Analysis of Automotive Gear Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Gear Market Outlook (2024 to 2034)
Revenue from the global automotive gear market is analyzed to increase from US$ 4.88 billion in 2024 to US$ 8.5 billion by the end of 2034. Sales of automotive gear systems are evaluated to rise at 5.7% CAGR from 2024 to 2034.
Vehicle sales directly influence the expansion of this market. Shift to costlier and more energy-efficient components, like seven-speed and eight-speed automatic transmissions, stands as another driving force behind the expansion of the automotive sector.
The market for gear systems covers a variety of gear types that are crucial for power transmission and motion regulation in vehicles. This segment is generating significant demand owing to escalating vehicle production, enhanced fuel economy, and a heightened focus on performance.
Integration of Internet of Things (IoT) technologies into gear systems is a key automotive gear market trend. Smart gears equipped with sensors provide real-time insights into wear, performance, and maintenance needs, thereby enhancing vehicle efficiency and minimizing downtime. In addition, adoption of 3D printing in gear manufacturing and prototyping is gaining traction. This technology enables the rapid production of custom gears with intricate geometries, reducing both development time and costs.
Key Market Growth Drivers
- Growing demand for fuel-efficient vehicles and portable automotive components is influencing market growth.
- With an escalating number of passengers and increased vehicle production, there is a surge in the use of automotive gear. The rising desire for enhanced acceleration and reduced carbon emissions from automobile engines is fueling the expansion of the automotive gear market size.
- Limited lifespan of traditional gear systems necessitates the production of advanced gears offering a combination of durability and performance.
- Popularity of aluminum and composite gears, valued for their lightweight nature and exceptional durability, is projected to rise, with their market share expanding significantly during the forecast period.
- Continual investments in research and innovation by established automotive gear manufacturers aim to enhance vehicle efficiency and minimize carbon emissions.
- As automated transmissions increasingly overshadow manual counterparts, there is a growing demand for advanced gear systems.
- Innovative gear technologies, such as dual-clutch transmissions (DCTs) and continuously variable transmissions (CVTs), are essential for the seamless and efficient operation of automatic transmissions.
- Advanced materials like high-strength steel and composites are being increasingly integrated into gear production to support the automotive industry's pursuit of enhanced efficiency and sustainability. These materials offer superior performance, reduced weight, and enhanced durability, aligning with the industry's objectives.
| Report Attribute | Detail |
|---|---|
| Automotive Gear Market Size (2024E) | US$ 4.88 Billion |
| Forecasted Market Value (2034F) | US$ 8.5 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.7% CAGR |
| East Asia Market Share (2024E) | 30.7% |
| North America Market Value (2024E) | US$ 901.3 Million |
| Spur Gears Segment Value (2034F) | US$ 1.94 Billion |
| Commercial Vehicles Segment Value (2034F) | US$ 6.46 Billion |
| Key Companies Profiled | Eaton Corporation; Bharat Gears Limited; GKN Plc., Inc.; Altra Industrial Motion Corporation; Showa Corporation; American Axle and Manufacturing, Inc.; Linamar Corporation; NSK Limited; Univance Corporation. |
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How are Advanced Manufacturing Processes Driving Adoption of Automotive Gear?
“Focus on Advancements Offering Reliable Automotive Components of High Quality”
Technological advancements in materials and gear production are enhancing vehicle performance and fuel efficiency. Creation of lightweight, high-strength gears is reducing overall vehicle weight, thereby improving handling and fuel economy.
Precision forging and computer-aided design (CAD) are two examples of advanced manufacturing processes that enable the production of durable and accurate gears, enhancing power transmission efficiency and smoothness. By meeting the growing demand for reliable automotive components of high quality, these developments improve car efficiency and performance, thus driving automotive gear market growth.
What are the Challenges Faced by Automotive Gear Manufacturers?
“High Initial Investment and Resistance from Those Using Conventional Gear Systems”
Direct drive motors and electric propulsion systems represent two emerging alternative transmission technologies posing challenges to market growth. These alternatives are gaining traction over traditional gear systems due to their enhanced efficiency, reduced complexity, and lower maintenance requirements. For instance, direct drive motors, eliminating the need for intricate gears, are utilized in electric vehicles, facilitating smoother and more efficient power transmission.
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Country-wise Insights
East Asia and South Asia & Pacific are leading regional markets for automotive equipment. With rising car manufacturing in developing countries such as India and China, along with manufacturers' emphasis on expanding manufacturing capability, demand for automotive gear is projected to increase at a steady pace over the forecast period.
Why is Demand for Specialized Automotive Gear Showing an Upward Trend in Japan?
“Heavy Investments in Production of Electric and Hybrid Vehicles”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 307.6 Million |
| Growth Rate (2024 to 2034) | 7.5% CAGR |
| Projected Value (2034F) | US$ 634.6 Million |
Demand for specialized automotive gear is experiencing a notable upsurge, driven by Japan's substantial investments in electric and hybrid vehicles (HEVs). Given the unique performance requirements of electric and hybrid drivetrains, these vehicles necessitate specialized gear systems.
With the expanding market for EVs and HEVs fueled by consumer demand for fuel efficiency and eco-friendliness, advanced and high-performance gears are increasingly indispensable. As manufacturers strive to meet the evolving demands of the electric and hybrid car sector, this growth not only fosters the advancement of new gear technologies but also stimulates sales.
What’s Contributing to Escalating Demand for Automotive Gears in the United States?
“High Car Ownership Rates and Focus on Consistent Gear Production”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 612.9 Million |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 1.03 Billion |
The United States, ranking among the top countries for car ownership globally, is boosting demand for automotive gear systems. With millions of passenger cars, trucks, and commercial vehicles traversing its roads, there is an obvious increase in gear system usage. High vehicle density necessitates automotive gears for both maintenance and manufacturing purposes. Meeting the operational needs of this extensive fleet requires a robust supply chain and consistent production of top-notch automotive gear.
Category-wise Insights
Based on product type, the market is segmented into worm gears, bevel gears, spur gears, helical gears, rack & pinion gears, planetary gears, and hypoid gears. The spur gear segment is estimated to hold a substantial automotive gear market share in 2024. Demand for rack & pinion gears is projected to rise at 7.2% CAGR through 2034.
Which Automotive Gear Type Do Vehicle Manufacturers Prefer?
“Ease of Use and Ability to Handle Heavy Loads Boosting Adoption of Spur Gears”
| Attribute | Spur Gears |
|---|---|
| Segment Value (2024E) | US$ 1.08 Billion |
| Growth Rate (2024 to 2034) | 6% CAGR |
| Projected Value (2034F) | US$ 1.94 Billion |
The spur gears segment is poised to account for 22.1% of the market share in 2024. Spur gears are becoming more popular in the market for the automobile industry because of its effectiveness, ease of use, and capacity for heavy loads.
Spur gears are cost-effective to produce and are well-suited for various automobile applications, including steering systems, gearboxes, and mechanical power transmission systems. They are favored by many automobile manufacturers due to their straightforward design and reliable performance.
Why are Automotive Gears Extensively Used in Commercial Vehicles?
“Need for Robust and Durable Gear Systems for Effective Handling”
| Attribute | Commercial Vehicles |
|---|---|
| Segment Value (2024E) | US$ 4.62 Billion |
| Growth Rate (2024 to 2034) | 3.4% CAGR |
| Projected Value (2034F) | US$ 6.46 Billion |
Due to the demanding nature of their operations, commercial vehicles have a substantial requirement for automotive gear. Robust and durable gear systems are imperative for vehicles like buses and trucks to handle heavy loads and frequent stop-and-go traffic effectively. Gears play a crucial role in the transmission and drivetrain of these vehicles, providing the necessary torque and power transfer to meet rigorous operational demands. Primarily, the expansion of the logistics and transportation sector is fueling demand for commercial vehicles, consequently driving the increased need for automotive gear.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Key players in the automotive gear market are making significant R&D investments to broaden their product offerings, contributing to growth in sales. Also, some companies are engaging in a range of strategic endeavors aimed at broadening their worldwide reach.
Some developments in the market include the introduction of innovative products, mergers and acquisitions, and increased investments. In an increasingly competitive market, automobile gear businesses need to provide affordable products to grow and thrive.
- ZF announced the integration of the MICO Brand and new products at MINExpo 2021 in September 2021. The company also introduced several new products, along with the Redulus4F Industrial Gearbox Series and Advanced Serviceability Solutions.
- In August 2021, with 33% improved torque ratings and power ratings, NORD Gear Corporation unveiled the most recent iteration of its CLINCHER parallel gear line.
- JATCO introduced a new continuously variable transmission "CVT-X" for medium and large FWD vehicles in June 2021, with enhanced environmental efficiency and drivability. It is claimed to have obtained a transmission efficiency of more than 90%, which was previously thought unrealistic for a CVT.
- In May 2021, American Axle & Manufacturing Inc. and REE Automotive announced a collaboration to design a new electric propulsion device for e-mobility.
Fact.MR provides detailed information about the price points of key suppliers of automotive gears positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of Automotive Gear Market Research
-
By Product Type :
- Worm Gears
- Bevel Gears
- Spur Gears
- Helical Gears
- Rack & Pinion Gears
- Planetary Gears
- Hypoid Gears
-
By Vehicle Type :
- Passenger Cars
- LCVs
- Trucks
- Buses
- Off-Road Vehicles
- Two-Wheelers
-
By Application :
- Engines
- Drive Shafts
- Transmissions
- Differential
- Steering Systems
-
By Material :
- Metallic
- Non-Metallic
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Vehicle Type
- 6.2. Product Type
- 6.3. Material
- 6.4. Application
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Vehicle Type
- 7.1. Passenger Cars
- 7.2. LCVs
- 7.3. Trucks
- 7.4. Buses
- 7.5. Off-Road Vehicles
- 7.6. Two-Wheelers
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
- 8.1. Worm Gears
- 8.2. Bevel Gears
- 8.3. Spur Gears
- 8.4. Helical Gears
- 8.5. Rack & Pinion Gears
- 8.6. Planetary Gears
- 8.7. Hypoid Gears
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Material
- 9.1. Metallic
- 9.2. Non-Metallic
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
- 10.1. Engines
- 10.2. Drive Shafts
- 10.3. Transmissions
- 10.4. Differential
- 10.5. Steering Systems
- 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. Middle East & Africa
- 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 19. Sales Forecast 2024 to 2034 by Vehicle Type, Product Type, Material, Application, and Region for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Eaton Corporation
- 21.2. Bharat Gears Limited
- 21.3. GKN Plc., Inc.
- 21.4. Altra Industrial Motion Corporation
- 21.5. Showa Corporation
- 21.6. American Axle and Manufacturing, Inc.
- 21.7. Linamar Corporation
- 21.8. NSK Limited
- 21.9. Univance Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Vehicle Type, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Material, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Material, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Material, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Material, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Material, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Material, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Material, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Material, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Material, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Material, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Material, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Material, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Material, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Material, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Material, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Material, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
How big is the automotive gear market in 2024?
The global market for automotive gears is estimated at US$ 4.88 billion in 2024.
What is the future projection for the automotive gear market?
Worldwide sales of automotive gears are projected to reach US$ 8.5 billion by 2034-end.
At what rate is the demand for automotive gears projected to increase?
Demand for automotive gears is forecasted to rise at 5.7% CAGR through 2034.
Who are the key suppliers of automotive gears?
Top companies manufacturing automotive gears are Eaton Corporation, Bharat Gears Limited, GKN Plc., Inc., and Showa Corporation.
Which vehicle category is set to lead the market?
Use of automotive gears in commercial vehicles is projected to generate revenue of US$ 6.46 billion by 2034.
Which region accounts for a high global market share?
East Asia is estimated to account for 30.7% of the global market share in 2024.
At what rate is the market is expanding in South Korea?
The market in South Korea is forecasted to expand at 7.1% CAGR through 2034.
Automotive Gear Market