2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Automotive Gears Market?

The expansion of the automotive gears market is projected to be catalyzed by a rise in vehicle manufacturing. As vehicle production amplifies, so does the need for automotive gears due to their contribution to the durability of the product and fuel efficiency of the vehicle. For example, IBEF (India Brand Equity Foundation), the export promotion agency under the Indian Government, predicts that, by 2026, the value of the Indian automobile sector, which includes component production, may range from $251.4 billion to $282.8 billion. Post the COVID-19 pandemic effects, the Indian automobile industry is expected to witness swift growth in the years 2021-22. In another instance, SMMT Driving the Motor Industry, a UK-based automotive industry entity, reported in January 2024, that the UK saw a 48.0% year-on-year rise in the production of battery electric (BEV), plug-in hybrid (PHEV), and hybrid (HEV) vehicles, accounting for nearly two-fifths or 38.3% of the total output. Thus, escalating vehicle production has a direct impact on the progression of the automotive gears market.

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#How Does the ProjectedAutomotive Gears Market Growth Compare Over the Forecast Period?

The dimension of the automotive gears market has seen significant expansion in the recent past. The market is expected to surge from a valuation of $40.39 billion in 2024, to reach a size of $43.56 billion in 2025. This considerable growth will be at a compound annual growth rate (CAGR) of 7.9%. The factors leading to the growth in the historic period are mainly due to the industrial revolution and demand for machinery, the evolution in the automotive industry, advancements in gear design and construction materials, the influence of world wars on the automotive sector, and the advent of mass-production techniques.

Over the coming years, the automotive gears market is anticipated to witness substantial growth, with projections setting it at $58.67 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.7%. The predicted growth during this period can be linked to factors such as regulatory changes, emission standards, the employment of advanced manufacturing methods, global economic expansion, vehicle manufacture, evolving electric mobility, and sustainable transmissions, along with the use of lightweight and robust materials. The forecast period will likely see trends such as an increased demand for compact, efficient gears, a move towards electrification, improvement in gearbox technology, emphasis on fuel efficiency and emission control, and the use of high-end materials.

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What New Market Trends Are Reshaping theAutomotive Gears Market and Its Opportunities?

As the domain for automotive gears continues to grow, new trends are emerging to match the pace of technology advancements in the market. For instance, Stellantis N.V., a Netherland-based entity that operates with 14 car brands, began the production of electrified dual-clutch transmissions (eDCTs) in April 2024. Created to achieve up to 20% reduction in CO2 emissions compared to conventional combustion engines with automatic transmissions, the eDCT incorporates a 21 kW electric engine enabling cars to function in pure electric mode at low speeds. This feature not only decreases fuel intake but also curtails emissions. The system harnesses kinetic energy during braking and deceleration, conserving it in a lightweight battery for reapplication during acceleration, hence maximizing energy efficiency.

Who Are the Leading Market Players Fueling Growth in the Automotive Gears Market Trend?

Major companies operating in the automotive gears market include Robert Bosch GmbH, ZF Friedrichshafen AG, Eaton Corporation plc, Dynamatic Technologies Limited, Dana Holding Corporation, NSK Ltd., Linamar Corporation, American Axle & Manufacturing Holdings Inc., Universal Auto Gears LLP, Altra Industrial Motion Corporation, Gleason Corporation, Univance Corporation, Neapco Inc., Franz Morat Group, Bharat Gears Limited, IMS Gear SE & Co. KGaA, RSB Transmissions Ltd., Framo Morat GmbH & Co. KG, Precipart Group Inc., Cone Drive Operations Inc., Taiwan United Gear Co. Ltd., Atlanta Gear Works Inc., Tracey Gear & Precision Shaft Inc., Showa Corporation, B.D. Industries (India) Pvt. Ltd., GKN plc

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How is the Global Automotive Gears Market Segemented?

The automotive gears market covered in this report is segmented –

1) By Material Type: Non- Metallic Gears, Metallic Gears

2) By Vehicle: Passenger Car, Commercial Vehicles

3) By Product: Parallel Shaft Gears, Spur Gear, Helical Gear, Rack And Pinion Gear, Intersecting Shaft Gear, Bevel Gear, Skew Shaft Gear, Hypoid Gear, Worm Gear, Planetary Gears

4) By Application: Transmission System, Steering System, Differential System, Other System

Subsegments:

1) By Non-Metallic Gears: Plastic Gears, Composite Gears, Phenolic Gears, Rubber Gears

2) By Metallic Gears: Steel Gears, Aluminum Gears, Brass Gears, Cast Iron Gears, Stainless Steel Gears

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Which Geographics are Influencing the Growth of the Automotive Gears Market?

Asia-Pacific was the largest region in the automotive gears market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive gears market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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