HOME Top Market Reports Automotive Gears Market by Application (Transmission, Differential, Steering System, Other), Product Type (Planetary, Bevel, Rack & Pinion, Hypoid, Worm, Helical, Non-Metallic), Material (Metallic, Non-Metallic), & by Vehicle Type - Global Forecasts to 2020

Automotive Gears Market by Application (Transmission, Differential, Steering System, Other), Product Type (Planetary, Bevel, Rack & Pinion, Hypoid, Worm, Helical, Non-Metallic), Material (Metallic, Non-Metallic), & by Vehicle Type - Global Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: January 2016
Report Code: AT 4014

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015-2020. The automotive gears market is estimated to be at value of USD 28.47 Billion in 2015. In this study, 2014 has been considered as the base year and 2015 to 2020 as forecast years for estimating market size of automotive gears. The study segments the automotive gears market on the basis of application, vehicle type, product type, material type and region.

The market has been classified by product type; planetary gearbox, bevel gear, rack & pinion gear, hypoid gear, worm gear, helical gear, spur gear, and plastic  gear. AGrowing demand for low carbon foot print and improved acceleration and increasing production of passenger cars in the Asia-pacific region, mainly in China, India, and Japan is expected to drive the automotive gear markets. The Asia-pacific region is estimated to lead the market, in terms of value, in 2015 China and India is the major contributor in Asia-pacific automotive gear market. However in terms of CAGR North America is projected to lead the market . Market drivers in the developing nations is Powered by healthy economic growth, and rise in personal income levels, resulting in higher vehicle productions. By 2020, total gear sales in China will be almost double the product demand in the entire North America. Market growth is also expected to be healthy in Japan, Brazil, and Russia. The North America region is estimated to be the second-largest market for automotive gears U.S being the highest contributor, following the growing rising trend of installing mechanical parts in the passenger cars.

The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive gears market. The bottom-up approach has been used to estimate the market size, in which country-wise vehicle production statistics has been taken into account for each vehicle type.

The average number of automotive gears that go into each vehicle category has been identified and multiplied by vehicle production numbers to get the country-level automotive gears volume to arrive at the market size, in terms of volume, for automotive gears. This country-wise market size, in terms of volume, of automotive gears for each vehicle type is then multiplied with the country-wise average OE price (AOP) of automotive gears required for each application. This results in the country-wise market size, in terms of value. The summation of the country-wise market gives the regional market and further summation of the regional market provides the global automotive gears market.

Figure below shows the break-up of profile of industry experts, who participated in primary discussions.

Automotive Gears Market

To know about the assumptions considered for the study, download the pdf brochure

The automotive gears ecosystem  consist of manufacturers including GKN PLC. (U.K.), Showa Corporation (Japan), Robert Bosch Gmbh (Germany)and ZF TRW (U.S.), Research Institutes such as the Automotive Research Association of India (ARAI), European automotive research partners association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and European Automobile Manufacturers Association (ACEA) among others.

Target Audience

  • Manufacturers of automotive gears systems
  • Dealers and distributors of automotive gears systems
  • Industry associations
  • Investment Firms
  • Equity Research Firms
  • Private Equity Firms

Scope of the Report

  • By Application (transmission, differential, steering system, other)
  • By Product Type (planetary, bevel, rack & pinion, hypoid, worm, helical, non-metallic)
  • By Vehicle Type (Passenger Car, LCV, and HCV)
  • By Material (metallic, non-metallic)
  • By Region (North America, Asia-Pacific, Europe, and RoW).
  • Upcoming trends and technology in automotive gears
  • Gear Failure analysis.

Available Customizations

MarketsandMarkets offers the following customizations for this market:

  • Automotive gears aftermarket, by region
  • Detailed analysis and profiling of additional market players (up to 3).

Table of Contents

1 Introduction
    1.1 Objectives of the Study 
    1.2 Market Definition 
           1.2.1 Spur Gears
           1.2.2 Helical Gears
           1.2.3 Bevel Gears
           1.2.4 Rack and Pinion
           1.2.5 Worm Gears
           1.2.6 Planetary Gears
           1.2.7 Hypoid Gears
    1.3 Market Scope 
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency 
    1.5 Package Size 
    1.6 Limitations 
    1.7 Stakeholders 

2 Research Methodology
    2.1 Research Data 
    2.2 Secondary Data 
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data 
           2.3.1 Sampling Techniques and Data Collection Methods
           2.3.2 Primary Participants
                    2.3.2.1 Key Industry Insights
    2.4 Factor Analysis 
           2.4.1 Introduction
           2.4.2 Demand Side Analysis
                    2.4.2.1 Impact of GDP on Total Vehicle Sales
                    2.4.2.2 Urbanization vs Passenger Cars Per 1000 People
                    2.4.2.3 Infrastructure: Roadways
           2.4.3 Supply Side Analysis
                    2.4.3.1 Technological Advancements
    2.5 Market Size Estimation 
    2.6 Data Triangulation 
    2.7 Assumptions 

3 Executive Summary

4 Premium Insights
    4.1 Opportunities in this Market 
    4.2 Regional Analysis for Automotive Gears Market, 2015 & 2020
    4.3 Automotive Gears Market, By Material Type 
    4.4 Automotive Gears Market, By Application 
    4.5 Automotive Gears Product Life Cycle, By Region 

5 Technology Overview
    5.1 Classification of Gears 
           5.1.1 Parallel Shaft Gears
                    5.1.1.1 Spur Gears
                    5.1.1.2 Helical Gears
                    5.1.1.3 Rack & Pinion Gears
           5.1.2 Intersecting Shaft Gears
                    5.1.2.1 Bevel Gear
           5.1.3 Skew Shaft Gears
                    5.1.3.1 Hypoid Gear
                    5.1.3.2 Worm Gear
    5.2 Upcoming Technologies in Automotive Gears 
    5.3 Gear Failure Analysis 
           5.3.1 Common Types of Gear Failure in the Automotive Gears Industry

6 Market Overview
    6.1 Introduction 
    6.2 Market Segmentation 
    6.3 Market Dynamics 
           6.3.1 Drivers
           6.3.2 Restraints
           6.3.3 Opportunities
    6.4 Burning Issues 
           6.4.1 Demand for Advanced Gear Systems in the Entry-Level Vehicle Segment
    6.5 Value Chain Analysis 
    6.6 Porter’s Five Forces Analysis 
           6.6.1 Threat of New Entrants
                    6.6.1.1 Technological Expertise
                    6.6.1.2 Customer Loyalty Towards Established Brands
                    6.6.1.3 Market Profitability
           6.6.2 Threat of Substitutes
                    6.6.2.1 Increasing Penetration of Automatic Gears Over Conventional Systems
                    6.6.2.2 Upcoming Fuel-Efficient & Performance-Oriented Technologies
           6.6.3 Bargaining Power of Buyers
                    6.6.3.1 New Developments in Gear Systems
           6.6.4 Bargaining Power of Suppliers
                    6.6.4.1 Long-Term Supply Contracts
           6.6.5 Intensity of Competitive Rivalry
                    6.6.5.1 Expansion and Joint Ventures With Oems and Suppliers in Developing Countries

7 Automotive Gears Market, By Material Type
    7.1 Introduction 
    7.2 Metallic Gears
    7.3 Non-Metallic Gears 

8 Automotive Gears Market, By Application
    8.1 Introduction 
    8.2 Transmission System 
    8.3 Differential System 
    8.4 Steering System
    8.5 Other Automotive Gears 

9 Automotive Gears Market, By Product Type
    9.1 Introduction 
    9.2 Spur Gears
    9.3 Helical Gears 
    9.4 Bevel Gears
    9.5 Rack & Pinion Gears 
    9.6 Worm Gears 
    9.7 Planetary Gears 
    9.8 Hypoid Gears 
    9.9 Non-Metallic Gears 

10 Automotive Gears Market, By Region
     10.1 Pest Analysis 
             10.1.1 Political Factors
                        10.1.1.1 Europe
                        10.1.1.2 Asia-Pacific
                        10.1.1.3 North America
                        10.1.1.4 Rest of the World
             10.1.2 Economic Factors
                        10.1.2.1 Europe
                        10.1.2.2 Asia-Pacific
                        10.1.2.3 North America
                        10.1.2.4 Rest of the World
             10.1.3 Social Factors
                        10.1.3.1 Europe
                        10.1.3.2 Asia-Pacific
                        10.1.3.3 North America
                        10.1.3.4 Rest of the World
             10.1.4 Technological Factors
                        10.1.4.1 Europe
                        10.1.4.2 Asia-Pacific
                        10.1.4.3 North America
                        10.1.4.4 Rest of the World
     10.2 Introduction 
     10.3 Asia-Pacific 
             10.3.1 Asia-Pacific: Automotive Gears Market, By Country
             10.3.2 China
                        10.3.2.1 China: Automotive Gears Market, By Product
             10.3.3 Japan
                        10.3.3.1 Japan: Automotive Gears Market, By Product
             10.3.4 South Korea
                        10.3.4.1 South Korea: Automotive Gears Market, By Product
             10.3.5 India
                        10.3.5.1 India: Automotive Gears Market, By Product
     10.4 Europe 
             10.4.1 Europe: Automotive Gears Market, By Country
             10.4.2 Germany
                        10.4.2.1 Germany: Automotive Gears Market, By Product
             10.4.3 France
                        10.4.3.1 France: Automotive Gears Market, By Product
             10.4.4 U.K.
                        10.4.4.1 U.K.: Automotive Gears Market, By Product
             10.4.5 Spain
                        10.4.5.1 Spain: Automotive Gears Market, By Product
     10.5 North America 
             10.5.1 North America: Automotive Gears Market, By Country
             10.5.2 U.S.
                        10.5.2.1 U.S.: Automotive Gears Market, By Product
             10.5.3 Mexico
                        10.5.3.1 Mexico: Automotive Gears Market, By Product
             10.5.4 Canada
                        10.5.4.1 Canada: Automotive Gears Market, By Product
     10.6 RoW 
             10.6.1 RoW: Automotive Gears Market, By Country
             10.6.2 Brazil
                        10.6.2.1 Brazil: Automotive Gears Market, By Product
             10.6.3 Russia
                        10.6.3.1 Russia: Automotive Gears Market, By Product

11 Competitive Landscape
     11.1 Overview 
     11.2 Company Ranking: Automotive Gears Market 
     11.3 Battle for Market Share: Expansion Was the Key Strategy 
     11.4 Expansion 
     11.5 New Product Launch 
     11.6 Agreements/Supply Contracts 
     11.7 Mergers & Acquisitions 

12 Company Profiles
     12.1 Introduction 
     12.2 GKN PLC 
             12.2.1 Business Overview
             12.2.2 Products & Services Offered
             12.2.3 Recent Developments
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 Bharat Gears Ltd. 
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 Recent Developments
             12.3.4 SWOT Analysis
             12.3.5 MnM View
     12.4 Showa Corporation 
             12.4.1 Business Overview
             12.4.2 Products & Services Offered
             12.4.3 Recent Developments
             12.4.4 SWOT Analysis
             12.4.5 MnM View
     12.5 Dupont 
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.4 SWOT Analysis
             12.5.5 MnM View
     12.6 ZF TRW 
             12.6.1 Business Overview
             12.6.2 Products & Services Offered
             12.6.3 Recent Developments
             12.6.4 SWOT Analysis
             12.6.5 MnM View
     12.7 Univance Corporation 
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
             12.7.4 MnM View
     12.8 Robert Bosch GmbH 
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
             12.8.4 MnM View
     12.9 AAM 
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
             12.9.4 MnM View
     12.10 IMS Gear GmbH 
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments
             12.10.4 MnM View
     12.11 RSB 
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments
             12.11.4 MnM View

13 Appendix
     13.1 Insights of Industry Experts 
     13.2 Discussion Guide 
     13.3 Introducing RT: Real Time Market Intelligence 
     13.4 Available Customizations 
     13.5 Related Reports 


List of Tables (78 Tables)

Table 1 Demand for Enhanced Driving Comfort & Vehicles With High-Fuel Efficiency is Driving the Automotive Gears Market
Table 2 High Cost & Low Penetration of Advanced Gear Systems in High-Volume Markets Restrain the Growth of Automotive Gears
Table 3 Plastic & Lightweight Gears Enhance Vehicle Performance & Offer Key Growth Opportunities
Table 4 Complex Mechanical Systems With High Maintenance Costs Act as A Key Challenge
Table 5 Automotive Gears Market Size, By Material Type, 2013–2020 (USD Million)
Table 6 Market Size, By Material Type, 2013–2020 (Million Units)
Table 7 Metallic Gears Market Size, By Region, 2013–2020 (USD Million)
Table 8 Metallic Gears Market Size, By Region, 2013–2020 (Million Units)
Table 9 Non-Metallic Gears Market Size, By Region, 2013–2020 (USD Million)
Table 10 Non-Metallic Gears Market Size, By Region, 2013–2020 (Million Units)
Table 11 Automotive Gears Market Size, By Application, 2013–2020 (USD Million)
Table 12 Market Size, By Application, 2013–2020 (Million Units)
Table 13 Transmission System Gears Market Size, By Vehicle Type, 2013–2020 (USD Million)
Table 14 Transmission System Gears Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 15 Differential System Gears Market Size, By Vehicle Type, 2013–2020 (USD Million)
Table 16 Differential System Gears Market Size, By Vehicle Type, 2013–2020 (Million Units) 62
Table 17 Steering System Gears Market Size, By Vehicle Type, 2013–2020 (USD Million)
Table 18 Steering System Gears Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 19 Other Automotive Gears Market Size, By Vehicle Type, 2013–2020(USD Million) 
Table 20 Other Automotive Gears Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 21 Automotive Gears Market Size, 2013–2020 (USD Million)
Table 22 Market Size, 2013–2020 (Million Units)
Table 23 Spur Gears Market Size, By Region, 2013–2020 (USD Million) 
Table 24 Spur Gears Market Size, By Region, 2013–2020 (Million Units)
Table 25 Helical Gears Market Size, By Region, 2013–2020 (USD Million)
Table 26 Helical Gears Market Size, By Region, 2013–2020 (Million Units)
Table 27 Bevel Gears Market Size, By Region, 2013–2020 (USD Million)
Table 28 Bevel Gears Market Size, By Region, 2013–2020 (Million Units) 
Table 29 Rack & Pinion Gears Market Size, By Region, 2013–2020 (USD Million)
Table 30 Rack & Pinion Gears Market Size, By Region, 2013–2020 (Million Units)
Table 31 Worm Gears Market Size, By Region, 2013–2020 (USD Million)
Table 32 Worm Gears Market Size, By Region, 2013–2020 (Million Units)
Table 33 Planetary Gears Market Size, By Region, 2013–2020 (USD Million)
Table 34 Planetary Gears Market Size, By Region, 2013–2020 (Million Units)
Table 35 Hypoid Gears Market Size, By Region, 2013–2020 (USD Million)
Table 36 Market Size, By Region, 2013–2020 (Million Units)
Table 37 Non-Metallic Gears Market Size, By Region, 2013–2020 (USD Million)
Table 38 Non-Metallic Gears Market Size, By Region, 2013–2020 (Million Units)
Table 39 Automotive Gears Market, By Region, 2013–2020 ('000 Units)
Table 40 Market, By Region, 2013–2020 (USD Million)
Table 41 Asia-Pacific: Automotive Gears Market, By Country, 2013–2020 ('000 Units)
Table 42 Asia-Pacific: Market, By Country, 2013–2020 (USD Million)
Table 43 China: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 44 China: Market, By Product, 2013–2020 (USD Million)
Table 45 Japan: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 46 Japan: Market, By Product, 2013–2020 (USD Million)
Table 47 South Korea: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 48 South Korea: Market, By Product, 2013–2020 (USD Million)
Table 49 India: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 50 India: Market, By Product, 2013–2020 (USD Million)
Table 51 Europe: Automotive Gears Market, By Country, 2013–2020 (Million Units)
Table 52 Europe: Market, By Country, 2013–2020 (USD Million)
Table 53 Germany: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 54 Germany: Market, By Product, 2013–2020 (USD Million)
Table 55 France: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 56 France: Market, By Product, 2013–2020 (USD Million)
Table 57 U.K.: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 58 U.K.: Market, By Product, 2013–2020 (USD Million)
Table 59 Spain: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 60 Spain: Market, By Product, 2013–2020 (USD Million)
Table 61 North America: Automotive Gears Market, By Country, 2013–2020 (Million Units)
Table 62 North America: Market, By Country, 2013–2020 (USD Million)
Table 63 U.S.: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 64 U.S.: Market, By Product, 2013–2020 (USD Million)
Table 65 Mexico: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 66 Mexico: Market, By Product, 2013–2020 (USD Million)
Table 67 Canada: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 68 Canada: Market, By Product, 2013–2020 (USD Million)
Table 69 RoW: Automotive Gears Market, By Country, 2013–2020 (Million Units)
Table 70 RoW: Market, By Country, 2013–2020 (USD Million) 1
Table 71 Brazil: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 72 Brazil: Market, By Product, 2013–2020 (USD Million)
Table 73 Russia: Automotive Gears Market, By Product, 2013–2020 (Million Units)
Table 74 Russia: Market, By Product, 2013–2020 (USD Million)
Table 75 Expansions, 2012–2015
Table 76 New Product Launches 2012–2014
Table 77 Agreements/ Supply Contracts 2012–2014
Table 78 Mergers & Acquisitions, 2014


List of Figures (46 Figures)

Figure 1 Automotive Gears Market: Markets Covered
Figure 2 Research Design
Figure 3 Research Methodology Model:
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Gross Domestic Product (GDP) vs Total Vehicle Sales, 2013 & 2014
Figure 6 Urbanization vs Passenger Cars Per 1,000 People, 2010 & 2014
Figure 7 Roadways Infrastructure: Road Network (Km), By Country, 2011
Figure 8 Market Size Estimation Methodology: Bottom Up Approach
Figure 9 Automotive Gears Market, By Value, 2015 vs 2020
Figure 10 Metallic Gears: Largest Contributor to the Automotive Gears Market, 2015 & 2020
Figure 11 Differentials: Largest Contributor to the Automotive Gears Market, 2015 & 2020
Figure 12 Advanced Technology & Growth of the Automotive Industry to Drive the Global Market, 2015 & 2020
Figure 13 Asia-Pacific to Account for the Largest Share of the Automotive Gears Market, 2015 & 2020
Figure 14 Market for Non-Metallic Gears Projected to Grow at the Highest CAGR During the Forecast Period, 2015 & 2020
Figure 15 Differential Gears to Account for the Largest Share in the Automotive Gears Market From 2015 to 2020
Figure 16 Planetary Gears to Account for the Largest Share in the Automotive Gears Market, 2015
Figure 17 PLC of Automotive Gears Market, 2015
Figure 18 Global Gears Market Dynamics Snapshot
Figure 19 Vehicle Production, 2012–2020
Figure 20 Automotive Gears: Value Chain
Figure 21 Porter‘S Five Forces Analysis
Figure 22 Metallic Gears Market Projected to Grow at the Highest CAGR During the Forecast Period, 2015 & 2020
Figure 23 Transmission System Gears: the Fastest-Growing Segment, 2015 & 2020
Figure 24 Planetary Gears Dominate the Global Automotive Gears Market, 2015–2020
Figure 25 China to Be the Fastest-Growing Market for Automotive Gears During the Forecast Period, 2015
Figure 26 China Expected to Lead the Asia-Pacific Automotive Gears Market in 2015
Figure 27 Spain to Grow at the Fastest Rate in the European Region, 2015–2020
Figure 28 U.S. to Hold the Largest Share in the Automotive Gears Market in 2015
Figure 29 Brazil to Occupy the Largest Share in the RoW Region in 2015 & 2020
Figure 30 Companies Adopted Expansion as the Key Growth Strategy From 2011 to 2015
Figure 31 Automotive Gears Market Share, By Key Player Ranking, 2014
Figure 32 Market Evaluation Framework: Expansions Fueled Market Growth From 2012 to 2015
Figure 33 Region-Wise Revenue Mix of Top Five Players
Figure 34 GKN PLC: Company Snapshot
Figure 35 GKN PLC: SWOT Analysis
Figure 36 Bharat Gears Ltd.: Company Snapshot
Figure 37 Bharat Gears Ltd.: SWOT Analysis
Figure 38 Showa Corporation: Company Snapshot
Figure 39 Showa Corporation: SWOT Analysis
Figure 40 Dupont: Company Snapshot
Figure 41 Dupont: SWOT Analysis
Figure 42 ZF TRW: Company Snapshot
Figure 43 ZF TRW: SWOT Analysis
Figure 44 Univance Corporation: Company Snapshot
Figure 45 Robert Bosch GmbH: Company Snapshot
Figure 46 AAM: Company Snapshot

    The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015 to 2020. The global automotive gears market is estimated to be at USD 28.47 Billion in 2015 and is projected to reach USD 38.27 Billion by 2020. Asia-Pacific is the largest market for automotive gears, followed by North America and Europe. Automotive gear market of China is projected to grow at a CAGR 8% for the forecasted year. Whereas automotive gear market by value of U.S is projected to 7% for 2015 to 2020.  Growth in this market is powered by the increasing vehicle productions, Enhanced driving experience in terms of smooth gear shifting & improvement in acceleration, and increase in installation of automated parts in automobile.

    The automotive gears market has been segmented on the basis of applications into automotive transmission system gears, automotive differential system gears, automotive steering system gears  and other automotive application. The automotive transmission system gears segment is growing at the highest CAGR as compared to any other application this growth is attributed to the rise in adaptation of automatic transmission in passenger cars,. However, the Differential system gears segment is expected to account for the largest share, in terms of value, in the global automotive gears market in 2015.

    The automotive gears market has been segmented on the basis of product type into Bevel gear, planetary gear box, Helical gear, Spur gear, Hypoid gear, Rack and Pinion gear, Worm gear, and Non-metallic gears. Planetary gears box accounted for the highest market share, which can be mainly attributed to growth in production of automatic transmission system in passenger cars.

    The automotive gears market has been categorized on the basis of material type into two segments: metallic gears and plastic gears. Plasic gears are growing at a higher CAGR then metallic gears attributed to  plastic gears are not made from metal, hence they are considerably lighter, which in turn, makes the vehicle lighter, and improves its fuel efficiency. are key factors driving growth in the automotive gears market across all regions.

    The Asia-Pacific region is estimated to account for the largest market share, in terms of value, in 2015, with China being a key contributor to the growth of the automotive gears market.

    Automotive Gears Market

    In high-volume markets such as Asia-Pacific and North America, the overall penetration of these technologically advanced gear system is quite low as compared to conventional gear systems. This is mainly due to the lack of awareness among consumers about the benefits provided by these advance gears system and regional customer preference. Gears System manufacturers and OEMs need to create brand awareness among customers about the benefits (high-performance and low-emission output) of these advance gears to increase the penetration of this technology in these regions GKN plc is one of the largest automotive component suppliers in the world. It has a diversified product portfolio for varied segments. The company is focusing on expanding its geographical presence, which would help it tap new market opportunities. Through consistent expansion in Asia, it is investing in high growth potential markets such as China, India, and Southeast Asian countries

    The intense competition in the automotive industry has compelled companies such as ZF TRW to adopt expansion and supply contracts as their key growth strategies. ZF TRW is focusing on developing cost-effective products for various regional markets such as China, India, and Mexico. The company’s strong R&D capabilities will act as a foundation for its growth in the automotive market.

    Showa Corporation has adopted cost-cutting measures for operations throughout the value chain, from manufacturing to sales, without compromising on quality. It aims to become a highly profitable corporate group, which would benefit customers, shareholders, employees, suppliers, and all other stakeholders.

    Whereas DuPont has adopted strategy of expanding its business segment in plastic gears, Robert Bosch Gmbh, Univance Corporation, and AAM are some of major players of gears market

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

    Available Customizations Title

    Client Customization Problem Statement : Market Scouting, Market Sizing/ Forecasting, Market Share Assessment, Competitive Intelligence/ Benchmarking, Pricing Analysis, Product Assessment for NA Bearings Aftermarket for North America

    Solution Provided:
    The client was interested in insights pertaining to the North American Bearings Aftermarket, with specific interest in p....
    The client was interested in insights pertaining to the North American Bearings Aftermarket, with specific interest in pricing, market share analysis and distribution channel analysis
    less...
    Request Customization
     more...
    Custom Market Research Services

    We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

    Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

    Connect With Us

    Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
    Live Chat Support


    US : 1-888-600-6441
    UK : 44-800-368-9399

    Search reports



    Access reports on all high
    growth Automotive and Transportation Markets on KnowledgeStore
    Request Demo Now