1. Market Research
  2. > Automotive Market Trends

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

  • January 2016
  • 144 pages
  • MarketsandMarkets
Report ID: 3587949

Summary

Table of Contents

Search Inside

The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015 to 2020. The market is estimated to be USD 28.47 billion in 2015 and is projected to reach 38.27 billion by 2020. The growth of this market is fueled by the rising vehicle production and increasing 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 is estimated to be the largest market for automotive gears. The Asia-Pacific automotive gears market, in terms of value, is projected to grow at the highest CAGR from 2015 to 2020. This can be mainly attributed to the rising vehicle production and the increasing installation of mechanical parts in passenger cars and light commercial vehicles. The differential system application segment is estimated to account for the largest market share in 2015. However, the transmission system segment is projected to grow at the highest CAGR during the forecast period.

“Growing 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%; thus, vehicles equipped with these systems contribute to a cleaner environment. The growing demand for eco-friendly vehicles from consumers has led to the increased adoption of these gear systems, which reduce carbon emissions throughout the vehicle’s life cycle.

The study also contains insights from various industry experts, ranging from component suppliers to Tier-I companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 42 %, Tier 2 - 26%, Others - 32%
- By Designation - C level - 40%, D level - 29%, Others - 31%
- By Region - North America - 38%, Europe - 22%, Asia-Pacific - 30%, RoW - 10%

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

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

Reasons to Buy the Report:
The report provides insights about the following points:
- Market Penetration: Comprehensive information about automotive gears offered by the top 10 players in the automotive gears market

- Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and new product launches in the automotive gears market

- Market Development: Comprehensive information about types of automotive gears. The report analyzes markets for various automotive gears across regions

- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the automotive gears market

- Competitive Assessment: In-depth assessment of market share, strategies, products, and manufacturing capabilities of leading players in the automotive gears market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

US Automotive Technicians’ Choice Survey of Replacement Parts, 2016

  • $ 20000
  • Industry report
  • May 2017
  • by Frost & Sullivan

Technicians Shifting to Digital Platforms The importance of technicians as customers for part suppliers continues to grow with the continued expansion of the Do-It-For-Me (DIFM) channel in the US automotive ...

Automotive Sunroofs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • May 2017
  • by Transparency Market Research

Global Automotive Sunroofs Market: Overview The automotive sunroofs market is anticipated to grow at a significant pace over the forecast period of 2017-2025. An automotive sunroof can be defined as a ...

Automotive Carpeting and Roofing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • May 2017
  • by Transparency Market Research

Global Automotive Carpeting and Roofing Market: Overview Automotive carpeting and roofing materials are essential components of a vehicle. Automotive carpets along with floor mats are meant to protect ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.