Automotive Gears Market By Application (Transmission, Differential, Steering System) , By Type (Spur, Helical, Rack and Pinion, Worm, Others) By Material (Metallic, Non-Metallic) : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

Automotive Gears Market

The automotive gears market was valued at $5.1 billion in 2023 and is projected to reach $8.0 billion by 2033, growing at a CAGR of 4.8% from 2024 to 2033.

Automotive gear is a metallic device present in the gear box of vehicles to facilitate the transmission of power from engine to wheels. The different functions performed by a gear include changing the speed & direction of rotation and increasing or reducing the torque. In a gear box, different sizes of gears are present in diverse arrangements.

Rapid expansion of the automotive industry is a major driver of the automotive gears market. Both internal combustion engine vehicles and electric vehicles require efficient gear systems, hence rising the need for automotive gears. In addition, automotive gears are witnessing a surge in demand from the aftermarket industry for replacement in old vehicles, thereby augmenting the growth of the market. Shift toward sustainable materials and minimization of wastes is an emerging trend anticipated to dominate the market in the future. Manufacturers now prefer recyclable and bio-based polymers to manufacture gears and contribute toward circular economy. Furthermore, in-house cutting-edge waste management systems are aiding the manufacturers to minimize their waste production.

However, the overall high costs of the R&D and production of advanced gears, particularly for hybrid & electric vehicles, hamper the growth of the automotive gears market. Furthermore, the market has witnessed a notable surge in the number of gear manufacturers, resulting in intense competition and high pricing pressures, reducing the profitability for players. The pricing pressure limits the development of the market. Contrarily, the consistently increasing sales of the automotive industry is anticipated to present growth opportunities for the automotive gears market. As per the statistics of Worldmetrics.org-a data aggregation platform-58 million units of autonomous vehicles are projected to be sold by by 2030. In addition, the platform predicts electric vehicles to hold 47% of share from the pool of new automotive sales. These rising figures are expected to present new avenues for the automotive gears market.

Segment Review

The automotive gears market is segmented into application, type, material, and region. On the basis of application, the market is divided into transmission, differential, and steering system. Depending on type, it is classified into spur, helical, rack & pinion, worm, and others. As per material, it is bifurcated into metallic and non-metallic. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

On the basis of application, the differential segment is expected to be the highest shareholder throughout the forecast period.

Depending on type, the spur segment is projected to account for a high market share during the forecast period.

As per material, the non-metallic segment is predicted to acquire a high stake in the market by 2033.

Region wise, Asia-Pacific is anticipated to be the highest revenue generator by 2033.

Competition Analysis

The leading players operating in the global automotive gears market include BorgWarner Inc., Gleason Corporation, Klingelnberg GmbH, David Brown Santasalo, SEW-EURODRIVE, HOFLER Maschinenbau GmbH, Bonfiglioli Group, Sumitomo Drive Technologies, RENK AG, and Nord Drivesystems. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

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Product Benchmarking / Product specification and applications
Regulatory Guidelines
Historic market data

Key Market Segments

By Application

Transmission
Differential
Steering System

By Type

Spur
Helical
Rack and Pinion
Worm
Others

By Material

Metallic
Non-Metallic

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Africa
- Rest of Middle East and Africa

Key Market Players:

BorgWarner Inc.
Gleason Corporation
Klingelnberg GmbH
David Brown Santasalo
SEW-EURODRIVE
HOFLER Maschinenbau GmbH
Bonfiglioli Group
Sumitomo Drive Technologies
RENK AG
Nord Drivesystems

Product Code: A12240

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: AUTOMOTIVE GEARS MARKET, BY APPLICATION

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Application
4.2. Transmission
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Differential
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Steering System
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: AUTOMOTIVE GEARS MARKET, BY TYPE

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Type
5.2. Spur
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Helical
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Rack And Pinion
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Worm
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
5.6. Others
- 5.6.1. Key Market Trends, Growth Factors and Opportunities
- 5.6.2. Market Size and Forecast, By Region
- 5.6.3. Market Share Analysis, By Country

CHAPTER 6: AUTOMOTIVE GEARS MARKET, BY MATERIAL

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Material
6.2. Metallic
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Non-Metallic
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country

CHAPTER 7: AUTOMOTIVE GEARS MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Application
- 7.2.3. Market Size and Forecast, By Type
- 7.2.4. Market Size and Forecast, By Material
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Automotive Gears Market
  - 7.2.6.1. Market Size and Forecast, By Application
  - 7.2.6.2. Market Size and Forecast, By Type
  - 7.2.6.3. Market Size and Forecast, By Material
- 7.2.7. Canada Automotive Gears Market
  - 7.2.7.1. Market Size and Forecast, By Application
  - 7.2.7.2. Market Size and Forecast, By Type
  - 7.2.7.3. Market Size and Forecast, By Material
- 7.2.8. Mexico Automotive Gears Market
  - 7.2.8.1. Market Size and Forecast, By Application
  - 7.2.8.2. Market Size and Forecast, By Type
  - 7.2.8.3. Market Size and Forecast, By Material
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Application
- 7.3.3. Market Size and Forecast, By Type
- 7.3.4. Market Size and Forecast, By Material
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. UK Automotive Gears Market
  - 7.3.6.1. Market Size and Forecast, By Application
  - 7.3.6.2. Market Size and Forecast, By Type
  - 7.3.6.3. Market Size and Forecast, By Material
- 7.3.7. Germany Automotive Gears Market
  - 7.3.7.1. Market Size and Forecast, By Application
  - 7.3.7.2. Market Size and Forecast, By Type
  - 7.3.7.3. Market Size and Forecast, By Material
- 7.3.8. France Automotive Gears Market
  - 7.3.8.1. Market Size and Forecast, By Application
  - 7.3.8.2. Market Size and Forecast, By Type
  - 7.3.8.3. Market Size and Forecast, By Material
- 7.3.9. Russia Automotive Gears Market
  - 7.3.9.1. Market Size and Forecast, By Application
  - 7.3.9.2. Market Size and Forecast, By Type
  - 7.3.9.3. Market Size and Forecast, By Material
- 7.3.10. Rest of Europe Automotive Gears Market
  - 7.3.10.1. Market Size and Forecast, By Application
  - 7.3.10.2. Market Size and Forecast, By Type
  - 7.3.10.3. Market Size and Forecast, By Material
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Application
- 7.4.3. Market Size and Forecast, By Type
- 7.4.4. Market Size and Forecast, By Material
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Automotive Gears Market
  - 7.4.6.1. Market Size and Forecast, By Application
  - 7.4.6.2. Market Size and Forecast, By Type
  - 7.4.6.3. Market Size and Forecast, By Material
- 7.4.7. Japan Automotive Gears Market
  - 7.4.7.1. Market Size and Forecast, By Application
  - 7.4.7.2. Market Size and Forecast, By Type
  - 7.4.7.3. Market Size and Forecast, By Material
- 7.4.8. India Automotive Gears Market
  - 7.4.8.1. Market Size and Forecast, By Application
  - 7.4.8.2. Market Size and Forecast, By Type
  - 7.4.8.3. Market Size and Forecast, By Material
- 7.4.9. South Korea Automotive Gears Market
  - 7.4.9.1. Market Size and Forecast, By Application
  - 7.4.9.2. Market Size and Forecast, By Type
  - 7.4.9.3. Market Size and Forecast, By Material
- 7.4.10. Australia Automotive Gears Market
  - 7.4.10.1. Market Size and Forecast, By Application
  - 7.4.10.2. Market Size and Forecast, By Type
  - 7.4.10.3. Market Size and Forecast, By Material
- 7.4.11. Rest of Asia-Pacific Automotive Gears Market
  - 7.4.11.1. Market Size and Forecast, By Application
  - 7.4.11.2. Market Size and Forecast, By Type
  - 7.4.11.3. Market Size and Forecast, By Material
7.5. Latin America
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Application
- 7.5.3. Market Size and Forecast, By Type
- 7.5.4. Market Size and Forecast, By Material
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Automotive Gears Market
  - 7.5.6.1. Market Size and Forecast, By Application
  - 7.5.6.2. Market Size and Forecast, By Type
  - 7.5.6.3. Market Size and Forecast, By Material
- 7.5.7. Argentina Automotive Gears Market
  - 7.5.7.1. Market Size and Forecast, By Application
  - 7.5.7.2. Market Size and Forecast, By Type
  - 7.5.7.3. Market Size and Forecast, By Material
- 7.5.8. REST of Latin America Automotive Gears Market
  - 7.5.8.1. Market Size and Forecast, By Application
  - 7.5.8.2. Market Size and Forecast, By Type
  - 7.5.8.3. Market Size and Forecast, By Material
7.6. Middle East And Africa
- 7.6.1. Key Market Trends and Opportunities
- 7.6.2. Market Size and Forecast, By Application
- 7.6.3. Market Size and Forecast, By Type
- 7.6.4. Market Size and Forecast, By Material
- 7.6.5. Market Size and Forecast, By Country
- 7.6.6. Saudi Arabia Automotive Gears Market
  - 7.6.6.1. Market Size and Forecast, By Application
  - 7.6.6.2. Market Size and Forecast, By Type
  - 7.6.6.3. Market Size and Forecast, By Material
- 7.6.7. UAE Automotive Gears Market
  - 7.6.7.1. Market Size and Forecast, By Application
  - 7.6.7.2. Market Size and Forecast, By Type
  - 7.6.7.3. Market Size and Forecast, By Material
- 7.6.8. Israel Automotive Gears Market
  - 7.6.8.1. Market Size and Forecast, By Application
  - 7.6.8.2. Market Size and Forecast, By Type
  - 7.6.8.3. Market Size and Forecast, By Material
- 7.6.9. Africa Automotive Gears Market
  - 7.6.9.1. Market Size and Forecast, By Application
  - 7.6.9.2. Market Size and Forecast, By Type
  - 7.6.9.3. Market Size and Forecast, By Material
- 7.6.10. Rest of Middle East And Africa Automotive Gears Market
  - 7.6.10.1. Market Size and Forecast, By Application
  - 7.6.10.2. Market Size and Forecast, By Type
  - 7.6.10.3. Market Size and Forecast, By Material

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. BorgWarner Inc.
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Gleason Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Klingelnberg GmbH
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. David Brown Santasalo
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. SEW-EURODRIVE
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. HOFLER Maschinenbau GmbH
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Bonfiglioli Group
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Sumitomo Drive Technologies
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. RENK AG
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Nord Drivesystems
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments