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Automotive Gears Market is expected at High CAGR of 7.36% in the forecast period 2026

Automotive gears are components utilized in various automotive vehicles for the movement and direction of the power generated by the torque of the vehicle. They are a cut tooth or cogged rotating component that are combined with other parts of the machinery inside the vehicle to perform different functions. These gears involve the mobility of the vehicle while changing the speed, and focus of the power source.

 Global Automotive Gears Market is expected to register a substantial CAGR of 7.36% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the innovations in technologies resulting in development of low emission-based technologies and lower carbon footprint.

The competitor strategies analysed here generally include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in the market. For an achievement of business at local, regional as well as international level, this high quality Automotive Gears market research report is a definitive solution. In addition, this market report comprises of vital aspects of the market that contains but are not limited to historic data, present market trends, environment, future trends, technological innovation, upcoming technologies and the technical progress in the ABC industry. With the utilization of few steps or a number of steps, the process of generating persuasive Automotive Gears market report is commenced with the expert advice.

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Major Market Competitors/Players

Few of the major competitors currently working in the automotive gears market are Bharat Gears Ltd.; RSB Group; UNIVANCE CORPORATION; ZF Friedrichshafen AG; IMS Gear SE & Co. KGaA; Robert Bosch GmbH; American Axle & Manufacturing, Inc.; The Hi-Tech Gears Ltd.; SHOWA Corporation; Melrose Industries PLC; DuPont; GREAT TAIWAN GEAR LTD.; AmTech International; Franz Morat Holding GmbH & Co. KG; B & R Machine and Gear Corporation; Dynamatic Technologies Limited.; UAG LLP; Dana Limited; Eaton; Linamar Corporation; NSK Ltd.; Neapco Inc; MITSUBISHI MOTORS CORPORATION and BorgWarner Inc.

Market Drivers:

  • Rising demand and production of automotive and vehicles globally; this factor is expected to drive the growth of the market
  • Diminished operating life of conventional gears resulting in frequent requirement of these products; this factor is expected to drive the growth of the market
  • Advancements in the manufacturing methods resulting in usage of certain metals in combination with plastics; this factor is expected to drive the growth of the market
  • Growth in demand for lightweight-based sustainable gears that provide smoother driving experience; this factor is expected to drive the growth of the market

Market Restraints:

  • Increased demand and production for electric-vehicles; this factor is expected to restrain the growth of the market
  • High costs associated with the advanced levels of gears along with complications in the system of these high-end products; this factor is expected to restrain the growth of the market
  • Advancements in the components utilized in vehicles resulting in lower demand for automotive gears; this factor is expected to restrain the growth of the market

Segmentation: Global Automotive Gears Market 

By Material Type

Metallic

Steel

Aluminum

Brass

Cast Iron

Carbon Steel

Magnetic Alloys

Non-Metallic

Composites

Plastics

By Application

Transmission System

Manual

Automatic

Differential System

Steering System

Others

By Product Type

Intersecting Shaft Gear

Straight Bevel Gear

Spiral Bevel Gear

Skew Shaft Gear

Hypoid Gear

Worm Gear

Planetary Gears

Non-Metallic Gears

Parallel Shaft Gears

Spur Gear

Rack & Pinion Gear

Herringbone Gear

Helical Gear

Others

Spiral

Idler

By Vehicle Type

Passenger Cars (PC)

Commercial Vehicles (CV)

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

By Geography

North America

US

Canada

Mexico

South America

Brazil

Argentina

Rest of South America

Europe

Germany

United Kingdom

Italy

France

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe

Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Thailand

Malaysia

Indonesia

Philippines

Rest of Asia Pacific

Middle East & Africa

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East & Africa

Key Developments in the Market:

  • In October 2018, The Hi-Tech Gears Ltd. announced that they had acquired Neo-Tech Smart Solutions which will be incorporated as a subsidiary of The Hi-Tech Gears Ltd. This acquisition will help in expanding the production capabilities of The Hi-Tech Gears along with expanding their global presence to provide customers with automotive and robotic solutions.
  • In February 2017, Dana Limited announced that they had completed the acquisition of Brevini Group S.p.A.’s business of power-transmission and fluid power. This acquisition significantly improves the capabilities of Dana to provide specialised solutions and products for off-highway, on-highway vehicles also giving them the capability of providing power conveyance for machines. This acquisition will help in strategizing and improving the customer-focused approach of Dana and expand their geographical presence.

 New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request FREE TOC at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-gears-market&utm_source=SagarK&utm_medium=SagarK&utm_campaign=SagarK

Country Level Analysis

The Automotive Gears market is analysed and market size insights and trends are provided by country, distributional channel, end-user, connectivity and lawn covered as referenced above.

The countries covered in the Automotive Gears market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Competitive Analysis

Automotive Gears market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Gears market.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

Major Highlights of Automotive Gears Market in Covid-19 pandemic covered in report:

The report provides impact of COVID-19 on Automotive Gears market along with its impact on overall industry and economy of world. Further, it adds changes in consumer buying behavior as it impacts majorly on market growth and sales. Distributors and traders on marketing strategy analysis focusing on region wise needs in covid-19 pandemic is also added in the Automotive Gears market report. The last segment of COVID-19 impact chapter include recovery and major changes opted by major players involved in Automotive Gears market.

Reasons to Purchase this Report:

  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value USD Million and volume Units Million data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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COVID-19 Impact on Automotive Gears Market @ https://www.databridgemarketresearch.com/covid-19-impact/global-automotive-gears-market?utm_source=SagarK&utm_medium=SagarK&utm_campaign=SagarK

Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

PART 05: MARKET LANDSCAPE

PART 06: MARKET SIZING

PART 07: FIVE FORCES ANALYSIS

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

PART 12: REGIONAL LANDSCAPE

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

PART 15: MARKET TRENDS

PART 16: COMPETITIVE LANDSCAPE

PART 17: COMPANY PROFILES

PART 18: APPENDIX

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