Automotive Pinion Gear Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The size of the global automotive pinion gear market was around USD 13.4 billion in 2023. and it is anticipated to reach USD 17.6 billion by 2030, advancing at a CAGR of 4.0% over the forecast period (2024-2030).

This is because if very few people trust public authorities, those authorities will have much difficulty in implementing policies that require citizen support. The roads on the way to the market may in general be crowded with cars, but this can be said the other way around too.

At the moment trend one would be the development of pinion gear material and design technologies for manufacturing as well as other factors. As we speak, the automobile parts sector, employing these units, especially for investment and manufacturing these parts, ensnares the CATIA software in its net. Using computer-aided analysis (CAE) to validate the pinion gear clevis joint and casing for their other parts, rigidity, and safety is very crucial.

Car pinion gear is one of the most significant elements of the transmission system and hence changing the gearbox design and its parts diminishes carbon reaction to the environment, increases the efficiency of fuel usage, and improves operational possibilities of the motor vehicle.

As a result of massive population growth, significant social mobility changes for the lower middle-class families moving to the upper-middle-class, high-speed economic growth globally, and high disposable income, the aspiration for automobile ownership is on the rise.

Key Insights

In 2023, the helical gearboxes held a substantial industry share of 70% and are estimated to advance at a fast CAGR of 4.3% over the projection period.

The acceptance of helical variants is credited to their capability to transfer high power while decreasing noise, making them favored by auto manufacturers.

They are progressively utilized in SUVs, four-wheel-drive vehicles, and army vehicles, propelling up demand in these segments.

SUVs are favored for their off-road capabilities, and automotive pinion gears advanced steering control, deceleration, and acceleration, contributing to better safety.

In 2023, the passenger vehicles category had a significant industry share of 75%, propelled by the integration of premium features such as ADAS and cruise control, leading to augmented popularity and sales.

Financial development in emerging nations has augmented people's buying power, resulting in advanced car sales and further fuelling the passenger vehicles category.

Commercial vehicles are the fastest-growing category, with a CAGR of 4.5% during 2024-2030, driven by stringent pollution norms leading to the replacement of old vehicles with newer ones.

Cast iron is the largest and fastest-growing category, with a 30% market share in 2023, due to its excellent corrosion resistance, thermal stability, cost-effectiveness, and ease of availability.

Steering systems hold the largest market share of 45% in 2023, with pinion gears essential for steering systems in four-wheelers, driving the demand for pinion gears.

The differential pinion gear is used in rear-wheel-drive vehicles and those that need better cornering, improving performance all through.

Asia dominated the global in 2023 and is anticipated to record a CAGR of 4.6% during the period 2024-2030.

The region's positive growth is attributed to the dynamic shift of automobile manufacturers, the increasing demand for passenger cars and light commercial vehicles, and huge investments made in the area of R&D to come up with vehicles that perform better and have a reduced carbon footprint as well as rapid urbanization that increases car sales.

Product Code: 12973

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by gear type
- 1.4.2. Market size breakdown, by vehicle type
- 1.4.3. Market size breakdown, by material type
- 1.4.4. Market size breakdown, by sales channel
- 1.4.5. Market size breakdown, by application
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Gear Type (2017-2030)
6.3. Market Revenue, by Gear Type (2017-2030)
6.4. Market Volume, by Vehicle Type (2017-2030)
6.5. Market Revenue, by Vehicle Type (2017-2030)
6.6. Market Volume, by Material Type (2017-2030)
6.7. Market Revenue, by Material Type (2017-2030)
6.8. Market Volume, by Sales Channel (2017-2030)
6.9. Market Revenue, by Sales Channel (2017-2030)
6.10. Market Volume, by Application (2017-2030)
6.11. Market Revenue, by Application (2017-2030)
6.12. Market Volume, by Region (2017-2030)
6.13. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Gear Type (2017-2030)
7.3. Market Revenue, by Gear Type (2017-2030)
7.4. Market Volume, by Vehicle Type (2017-2030)
7.5. Market Revenue, by Vehicle Type (2017-2030)
7.6. Market Volume, by Material Type (2017-2030)
7.7. Market Revenue, by Material Type (2017-2030)
7.8. Market Volume, by Sales Channel (2017-2030)
7.9. Market Revenue, by Sales Channel (2017-2030)
7.10. Market Volume, by Application (2017-2030)
7.11. Market Revenue, by Application (2017-2030)
7.12. Market Volume, by Country (2017-2030)
7.13. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Gear Type (2017-2030)
8.3. Market Revenue, by Gear Type (2017-2030)
8.4. Market Volume, by Vehicle Type (2017-2030)
8.5. Market Revenue, by Vehicle Type (2017-2030)
8.6. Market Volume, by Material Type (2017-2030)
8.7. Market Revenue, by Material Type (2017-2030)
8.8. Market Volume, by Sales Channel (2017-2030)
8.9. Market Revenue, by Sales Channel (2017-2030)
8.10. Market Volume, by Application (2017-2030)
8.11. Market Revenue, by Application (2017-2030)
8.12. Market Volume, by Country (2017-2030)
8.13. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Gear Type (2017-2030)
9.3. Market Revenue, by Gear Type (2017-2030)
9.4. Market Volume, by Vehicle Type (2017-2030)
9.5. Market Revenue, by Vehicle Type (2017-2030)
9.6. Market Volume, by Material Type (2017-2030)
9.7. Market Revenue, by Material Type (2017-2030)
9.8. Market Volume, by Sales Channel (2017-2030)
9.9. Market Revenue, by Sales Channel (2017-2030)
9.10. Market Volume, by Application (2017-2030)
9.11. Market Revenue, by Application (2017-2030)
9.12. Market Volume, by Country (2017-2030)
9.13. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Gear Type (2017-2030)
10.3. Market Revenue, by Gear Type (2017-2030)
10.4. Market Volume, by Vehicle Type (2017-2030)
10.5. Market Revenue, by Vehicle Type (2017-2030)
10.6. Market Volume, by Material Type (2017-2030)
10.7. Market Revenue, by Material Type (2017-2030)
10.8. Market Volume, by Sales Channel (2017-2030)
10.9. Market Revenue, by Sales Channel (2017-2030)
10.10. Market Volume, by Application (2017-2030)
10.11. Market Revenue, by Application (2017-2030)
10.12. Market Volume, by Country (2017-2030)
10.13. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Gear Type (2017-2030)
11.3. Market Revenue, by Gear Type (2017-2030)
11.4. Market Volume, by Vehicle Type (2017-2030)
11.5. Market Revenue, by Vehicle Type (2017-2030)
11.6. Market Volume, by Material Type (2017-2030)
11.7. Market Revenue, by Material Type (2017-2030)
11.8. Market Volume, by Sales Channel (2017-2030)
11.9. Market Revenue, by Sales Channel (2017-2030)
11.10. Market Volume, by Application (2017-2030)
11.11. Market Revenue, by Application (2017-2030)
11.12. Market Volume, by Country (2017-2030)
11.13. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Gear Type (2017-2030)
12.3. Market Revenue, by Gear Type (2017-2030)
12.4. Market Volume, by Vehicle Type (2017-2030)
12.5. Market Revenue, by Vehicle Type (2017-2030)
12.6. Market Volume, by Material Type (2017-2030)
12.7. Market Revenue, by Material Type (2017-2030)
12.8. Market Volume, by Sales Channel (2017-2030)
12.9. Market Revenue, by Sales Channel (2017-2030)
12.10. Market Volume, by Application (2017-2030)
12.11. Market Revenue, by Application (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Gear Type (2017-2030)
13.3. Market Revenue, by Gear Type (2017-2030)
13.4. Market Volume, by Vehicle Type (2017-2030)
13.5. Market Revenue, by Vehicle Type (2017-2030)
13.6. Market Volume, by Material Type (2017-2030)
13.7. Market Revenue, by Material Type (2017-2030)
13.8. Market Volume, by Sales Channel (2017-2030)
13.9. Market Revenue, by Sales Channel (2017-2030)
13.10. Market Volume, by Application (2017-2030)
13.11. Market Revenue, by Application (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Gear Type (2017-2030)
14.3. Market Revenue, by Gear Type (2017-2030)
14.4. Market Volume, by Vehicle Type (2017-2030)
14.5. Market Revenue, by Vehicle Type (2017-2030)
14.6. Market Volume, by Material Type (2017-2030)
14.7. Market Revenue, by Material Type (2017-2030)
14.8. Market Volume, by Sales Channel (2017-2030)
14.9. Market Revenue, by Sales Channel (2017-2030)
14.10. Market Volume, by Application (2017-2030)
14.11. Market Revenue, by Application (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Gear Type (2017-2030)
15.3. Market Revenue, by Gear Type (2017-2030)
15.4. Market Volume, by Vehicle Type (2017-2030)
15.5. Market Revenue, by Vehicle Type (2017-2030)
15.6. Market Volume, by Material Type (2017-2030)
15.7. Market Revenue, by Material Type (2017-2030)
15.8. Market Volume, by Sales Channel (2017-2030)
15.9. Market Revenue, by Sales Channel (2017-2030)
15.10. Market Volume, by Application (2017-2030)
15.11. Market Revenue, by Application (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Gear Type (2017-2030)
16.3. Market Revenue, by Gear Type (2017-2030)
16.4. Market Volume, by Vehicle Type (2017-2030)
16.5. Market Revenue, by Vehicle Type (2017-2030)
16.6. Market Volume, by Material Type (2017-2030)
16.7. Market Revenue, by Material Type (2017-2030)
16.8. Market Volume, by Sales Channel (2017-2030)
16.9. Market Revenue, by Sales Channel (2017-2030)
16.10. Market Volume, by Application (2017-2030)
16.11. Market Revenue, by Application (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Gear Type (2017-2030)
17.3. Market Revenue, by Gear Type (2017-2030)
17.4. Market Volume, by Vehicle Type (2017-2030)
17.5. Market Revenue, by Vehicle Type (2017-2030)
17.6. Market Volume, by Material Type (2017-2030)
17.7. Market Revenue, by Material Type (2017-2030)
17.8. Market Volume, by Sales Channel (2017-2030)
17.9. Market Revenue, by Sales Channel (2017-2030)
17.10. Market Volume, by Application (2017-2030)
17.11. Market Revenue, by Application (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Gear Type (2017-2030)
18.3. Market Revenue, by Gear Type (2017-2030)
18.4. Market Volume, by Vehicle Type (2017-2030)
18.5. Market Revenue, by Vehicle Type (2017-2030)
18.6. Market Volume, by Material Type (2017-2030)
18.7. Market Revenue, by Material Type (2017-2030)
18.8. Market Volume, by Sales Channel (2017-2030)
18.9. Market Revenue, by Sales Channel (2017-2030)
18.10. Market Volume, by Application (2017-2030)
18.11. Market Revenue, by Application (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Gear Type (2017-2030)
19.3. Market Revenue, by Gear Type (2017-2030)
19.4. Market Volume, by Vehicle Type (2017-2030)
19.5. Market Revenue, by Vehicle Type (2017-2030)
19.6. Market Volume, by Material Type (2017-2030)
19.7. Market Revenue, by Material Type (2017-2030)
19.8. Market Volume, by Sales Channel (2017-2030)
19.9. Market Revenue, by Sales Channel (2017-2030)
19.10. Market Volume, by Application (2017-2030)
19.11. Market Revenue, by Application (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Gear Type (2017-2030)
20.3. Market Revenue, by Gear Type (2017-2030)
20.4. Market Volume, by Vehicle Type (2017-2030)
20.5. Market Revenue, by Vehicle Type (2017-2030)
20.6. Market Volume, by Material Type (2017-2030)
20.7. Market Revenue, by Material Type (2017-2030)
20.8. Market Volume, by Sales Channel (2017-2030)
20.9. Market Revenue, by Sales Channel (2017-2030)
20.10. Market Volume, by Application (2017-2030)
20.11. Market Revenue, by Application (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Gear Type (2017-2030)
21.3. Market Revenue, by Gear Type (2017-2030)
21.4. Market Volume, by Vehicle Type (2017-2030)
21.5. Market Revenue, by Vehicle Type (2017-2030)
21.6. Market Volume, by Material Type (2017-2030)
21.7. Market Revenue, by Material Type (2017-2030)
21.8. Market Volume, by Sales Channel (2017-2030)
21.9. Market Revenue, by Sales Channel (2017-2030)
21.10. Market Volume, by Application (2017-2030)
21.11. Market Revenue, by Application (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Gear Type (2017-2030)
22.3. Market Revenue, by Gear Type (2017-2030)
22.4. Market Volume, by Vehicle Type (2017-2030)
22.5. Market Revenue, by Vehicle Type (2017-2030)
22.6. Market Volume, by Material Type (2017-2030)
22.7. Market Revenue, by Material Type (2017-2030)
22.8. Market Volume, by Sales Channel (2017-2030)
22.9. Market Revenue, by Sales Channel (2017-2030)
22.10. Market Volume, by Application (2017-2030)
22.11. Market Revenue, by Application (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Gear Type (2017-2030)
23.3. Market Revenue, by Gear Type (2017-2030)
23.4. Market Volume, by Vehicle Type (2017-2030)
23.5. Market Revenue, by Vehicle Type (2017-2030)
23.6. Market Volume, by Material Type (2017-2030)
23.7. Market Revenue, by Material Type (2017-2030)
23.8. Market Volume, by Sales Channel (2017-2030)
23.9. Market Revenue, by Sales Channel (2017-2030)
23.10. Market Volume, by Application (2017-2030)
23.11. Market Revenue, by Application (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Gear Type (2017-2030)
24.3. Market Revenue, by Gear Type (2017-2030)
24.4. Market Volume, by Vehicle Type (2017-2030)
24.5. Market Revenue, by Vehicle Type (2017-2030)
24.6. Market Volume, by Material Type (2017-2030)
24.7. Market Revenue, by Material Type (2017-2030)
24.8. Market Volume, by Sales Channel (2017-2030)
24.9. Market Revenue, by Sales Channel (2017-2030)
24.10. Market Volume, by Application (2017-2030)
24.11. Market Revenue, by Application (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Gear Type (2017-2030)
25.3. Market Revenue, by Gear Type (2017-2030)
25.4. Market Volume, by Vehicle Type (2017-2030)
25.5. Market Revenue, by Vehicle Type (2017-2030)
25.6. Market Volume, by Material Type (2017-2030)
25.7. Market Revenue, by Material Type (2017-2030)
25.8. Market Volume, by Sales Channel (2017-2030)
25.9. Market Revenue, by Sales Channel (2017-2030)
25.10. Market Volume, by Application (2017-2030)
25.11. Market Revenue, by Application (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Gear Type (2017-2030)
26.3. Market Revenue, by Gear Type (2017-2030)
26.4. Market Volume, by Vehicle Type (2017-2030)
26.5. Market Revenue, by Vehicle Type (2017-2030)
26.6. Market Volume, by Material Type (2017-2030)
26.7. Market Revenue, by Material Type (2017-2030)
26.8. Market Volume, by Sales Channel (2017-2030)
26.9. Market Revenue, by Sales Channel (2017-2030)
26.10. Market Volume, by Application (2017-2030)
26.11. Market Revenue, by Application (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Gear Type (2017-2030)
27.3. Market Revenue, by Gear Type (2017-2030)
27.4. Market Volume, by Vehicle Type (2017-2030)
27.5. Market Revenue, by Vehicle Type (2017-2030)
27.6. Market Volume, by Material Type (2017-2030)
27.7. Market Revenue, by Material Type (2017-2030)
27.8. Market Volume, by Sales Channel (2017-2030)
27.9. Market Revenue, by Sales Channel (2017-2030)
27.10. Market Volume, by Application (2017-2030)
27.11. Market Revenue, by Application (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Gear Type (2017-2030)
28.3. Market Revenue, by Gear Type (2017-2030)
28.4. Market Volume, by Vehicle Type (2017-2030)
28.5. Market Revenue, by Vehicle Type (2017-2030)
28.6. Market Volume, by Material Type (2017-2030)
28.7. Market Revenue, by Material Type (2017-2030)
28.8. Market Volume, by Sales Channel (2017-2030)
28.9. Market Revenue, by Sales Channel (2017-2030)
28.10. Market Volume, by Application (2017-2030)
28.11. Market Revenue, by Application (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. GKN Ltd
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. American Axle & Manufacturing, Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. B&R Machine and Gear Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Bharat Gears Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Eaton Corporation plc
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Samgong Gear Ind. Co. Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Renold Plc
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Precipart Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. SHOWA Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Mitsubishi Group
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Robert Bosch GmbH
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Automotive Pinion Gear Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)