Automotive Gear Market Global Industry Review 2019 To 2023
Posted: Mar 15, 2019
The high demand for automotive gears is due to the growth in the automotive industry. An automotive gear helps give an automobile, a smooth start to and allows the outer wheel to rotate faster than the inner wheel for safer turns. Smooth gear shifting enhances the driving experience as well as the growing demand for low-carbon-footprint technologies fuels the growth of the global automotive gears market. Moreover, rising disposable incomes and vehicle-ownership boosts the market growth. Lightweight and highly durable aluminum and composite gears are estimated to gain higher popularity during the forecast period. Focus towards high-quality products & the changing lifestyle of consumers and increasing spending power, enhance the growth of the gear market for automotive sector.
However, the high cost of advanced gear system than the conventional gear system acts as a barrier for the growth of automotive gear market.
Global Automotive gear market was valued at USD 28.40 Billion in 2015 and is projected to grow at a CAGR of 6.4% during the forecast period.
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The Major Player Operating In The Market of Global Automotive Gear Are:
Eaton, Linamar Corporation, NSK Ltd, Bharat Gears Ltd, Neapco Inc, Mitsubishi Group, Dana Holding Corporation, Robert Bosch GmbH, ZF TRW and GKN plc.
Target Audience: Organizations, Manufacturer, Research Institute / Education Institute, Potential Investors
Product Analysis: Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information: Regulatory Landscape, Pricing Analysis, Macroeconomic Indicators
Geographic Analysis: Geographical analysis across 15 countries
Company Information: Profiling of 10 key market players, In-depth analysis including SWOT analysis, and strategy information of related to report title, Competitive landscape including emerging trends adopted by major companies
Asia-Pacific market is dominating the market of automotive gear market due to growth in automotive sector. Development of automotive manufacturing industries in developing economies such as China and India are driving the market for automotive gears. The market in the developing countries is largely driven by economic growth and ongoing industrialization, which helps in production of motor vehicles and other manufacturing output.
North America is referred to as the second-largest automotive gears market due to factors such as large customer base and high disposable income of end-users have fueled the demand for vehicles in the country.
The report for Global Automotive Gear Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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LIST OF TABLES
TABLE 1 GLOBAL AUTOMOTIVE GEAR MARKET, BY MATERIAL
TABLE 2 GLOBAL AUTOMOTIVE GEAR MARKET, BY PRODUCT TYPE
TABLE 3 GLOBAL AUTOMOTIVE GEAR MARKET, BY VEHICLE TYPE
TABLE 4 GLOBAL AUTOMOTIVE GEAR MARKET, BY REGIONS
TABLE 5 NORTH AMERICA AUTOMOTIVE GEAR MARKET, BY MATERIAL
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL AUTOMOTIVE GEAR MARKET: BY MATERIAL (%)
FIGURE 3 GLOBAL AUTOMOTIVE GEAR MARKET: BY PRODUCT TYPE (%)
FIGURE 4 GLOBAL AUTOMOTIVE GEAR MARKET: BY VEHICLE TYPE (%)
FIGURE 5 GLOBAL AUTOMOTIVE GEAR MARKET: BY REGION
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Mar