According to a market report by Lucintel, the future of the global automotive gear market looks promising with opportunities in the transmission system, steering system, and differential system markets. The global automotive gear market is expected to reach an estimated $45 billion by 2030 from $39 billion in 2024 at a CAGR of 2.4% from 2024 to 2030. The major drivers for this market are rising interest in low-carbon technology, enhanced acceleration and seamless gear changes for a smoother driving experience, and rising vehicle production worldwide.
A more than 150-page report to
understand trends, opportunity and
forecast in automotive gear market to 2030 by product type (bevel gears, helical gears, rack
& pinion gears, spur gears, worm gears, and others), material type
(non-metallic gears and metallic gears), application (transmission system,
steering system, differential system, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that bevel gear will remain the largest segment over the forecast
period due to the increasing number of mechanical parts installed in passenger
automobiles.
APAC will
remain the largest region over the forecast period due to the increased use of
automated components in cars, rising smooth gear shifting for a better driving
experience, and expanding auto manufacturing in this region.
Download
sample by clicking on automotive gear
market.
IMS Gear,
Robert Bosch, ZF TRW, Dupont, Bharat Gears, GKN, Showa, Univance, RSB, AAM are
the major suppliers in the automotive
gear market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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