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Automotive Gears Market by Application, Product Type, Material, & by Vehicle Type - Global Forecasts to 2020

Automotive Gears Market: Global Forecasts until 2020

  • January 2016
  • 144 pages
  • ID: 3587949
In this report:
According to the Organization Internationale des Constructeurs d' Automobiles (OICA), global vehicle production in 2014 was at approximately ## million units, an increase of ##.##% from 2013.
The passenger car segment is expected to lead the other gears market, The LCV segment is projected to grow the highest CAGR of ##.##% from 2015 to 2020 to reach ##.## million units by 2020.

Summary

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The overall automotive gears market is estimated to rise at a compound annual growth rate of 6.10 percent between 2015 and 2022. The sector is projected to be ~$28.5B in 2015 and is projected to extend 38.27 billion by 2020. The increase of this market is fueled by the growing vehicle production and growing installation of mechanical components in cars.

"Enhanced driving experience in terms of smooth gear shifting & improved acceleration to drive the automotive gears market"

Asia Pacific (APAC) is forecasted to be the biggest market for automotive gears. The Asia-Pacific automotive gears market, in terms of value importance, is expected to rise at the highest CAGR (Compound annual growth rate) between 2015 and 2022. This can be primarily attributed to the increasing vehicle production and the rising installation of mechanical parts in passenger cars and light commercial vehicles. The differential system application segment is expected to account for the biggest market share in 2015. Nevertheless, the transmission system segment is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period.

"Increasing demand for low-carbon-footprint technologies to drive the automotive gears market"

Improved gear systems allow the vehicle engine to run at an optimum level, thereby reducing engine losses that may result from friction and lubrication. This lowers the emission levels of the vehicle. Automatic gear systems reduce emission levels by 20.0 percent; therefore, vehicles equipped with these systems contribute to a cleaner environment. The increasing demand for eco-friendly vehicles from consumers has led to the increased adoption of these gear systems, which reduce carbon emissions overall the vehicle's life cycle.

The market research also contains industry insights from different market experts, ranging from component suppliers to Tier-I firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company category - Tier 1 - 42 %, Tier 2 - 26.0 percent, Others - 32.0 percent

- By Description - C-suite - 40.0 percent, D-suite - 29.0 percent, Others - 31.0 percent

- By area - North america (NA) - 38.0 percent, Europe - 22.0 percent, Asia-Pacific - 30.0 percent, RoW - 10.0 percent

GKN plc is a overall engineering company that specializes in the design, manufacture, and servicing of systems and components for original equipment manufacturers. GKN conducts operations through four divisions: driveline, aerospace, land systems, and powder metallurgy.

Showa Corporation manufactures and sells automotive products in Japan (JP) and internationally. The company operates in four business segments-namely, automotive components, steering system components, motorcycle & hydraulic components, and gas springs. It affords hypoid gear and transfer gear sets under its steering systems components segment. Other main actors in the automotive gears market are Bharat Gears, AAM, ZF TRW, and Univance Corporation.

Why Purchasing This Study Can Help You:

The analysis offers business insights about the following parts:

- Business entry: Exhaustive information about automotive gears provided by the most important 10 market actors in the automotive gears market

- Product improvement/Innovative products: In-depth understanding into up-on-coming technologies, analysis & growth activities, and recent product launches in the automotive gears market

- Industry development: Highlighted information about types of automotive gears. The market research examines industries for different automotive gears across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the automotive gears market

- Opposing assessment: In-depth assessment of market share, strategies, products, and manufacturing competences of key players in the automotive gears market

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