Automotive transmission gears market

Automotive Transmission Gears Market, by Gear Type (Planetary, Spur Gear, Helical Gear, and Others), by Transmission Type (Manual, Automatic, Automated Manual, Transmission (AMT), Dual Clutch Transmission, and Hybrid), by Gear Material (Ferrous Metal, Composite Material, and Others), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, and Electric vehicles), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Apr 2022
CMI4992
170 Pages
Excel & Pdf
Automotive and Transportation

Summary

The torque, speed, and direction of the power supply can all be changed with geared devices. These systems gain a mechanical advantage by changing the gear ratio, which results in a torque change. Gear transmission is made up of two or more meshing gears that work in a specific order. In automobile systems, gears play an important role. Two or more meshing gears functioning in a particular sequence are known as a gear transmission. Gears are a significant component in the automotive systems. Due to enhanced product durability and vehicle fuel efficiency, automatic transmission has gained pace in the automotive transmission gears market. A technologically designed gear system aids in the smooth operation of the engine and prevents engine losses caused by friction and lubrication.

Furthermore, new prospects for the automotive transmission gear market are projected to arise as the automotive sector develops in emerging nations such as India and Brazil.

The global automotive transmission gears market was valued at US$ 24,356.1Mn in 2021 and is expected to reach US$ 47,538 Mn by 2030, at a CAGR of 8.3% between 2022 and 2030.

Global Automobile Transmission Gears Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 pandemic has shutdown the production of various products in the global automotive gears industry, mainly owing to the prolonged lockdown in major countries, globally. The production across industries has been limited due to the pandemic resulting in the shortage of raw materials for automotive transmission gears. The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the U.K., and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery. Suppliers of auto-parts have partially resumed manufacturing operations, as cash liquidity is posing a severe challenge for them, owing to pre-shutdown payments dry-ups. This leads to a supply chain choke-points and slowdown in the manufacturing process of automakers. However, the suppliers are making substantial moves to ramp-up their operations and purchase raw materials, though it is going to be a high pressing issue in a short-order timespan.

Global Automobile Transmission Gears Market - Restraint

The automotive industry is shifting from traditional gasoline vehicles to electric automobiles globally. When compared to traditional fuels burning within IC engines, an electric vehicle does not require gears because the electric engine generates more force at zeroRPM, a hands-free control system. Product pricing is one of the key factors that needs to be taken into consideration while designing marketing strategies. Competitive product pricing strongly influences the market demand for gearing systems, in the price sensitive markets of region such as Europe, Asia Pacific, and others.

Among regions, Asia Pacific held a dominant position in the global automatic transmission gear market in 2021 Statistics:

The Asia Pacific held a dominant position in the global satellite internet market in 2021, accounting for 6.2% share, in terms of value, followed by Europe and North America.

Figure 1: Global Automotive Transmission Gears Market Share (%), By Region, 2021

The Asia Pacific is expected to witness significant growth in the global automotive transmission gears market. Asia Pacific region is the largest market for automotive transmission gears, wherein countries such as China and India have a majority of share of a vehicle installed with manual transmission. Furthermore, in India, the new models of low-end and high-end passenger vehicles are equipped with Automatic Manual Transmission (AMT) systems. For instance, in 2014, the Maruti Suzuki, an Indian automobile manufacturer, based in New Delhi, launched its first passenger car ‘Celerio’ installed with Automatic Manual Technology in India.

Automotive Transmission Gears Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 24,356.1 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	8.3%	2030 Value Projection:	US$ 47,538 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East & Africa
Segments covered:	By Gear Type: Planetary, Spur Gear, Helical Gear, and Others By Transmission Type: Manual, Automatic, Automated Manual Transmission (AMT), Dual Clutch Transmission, and Hybrid By Gear Material: Ferrous Metal, Composite Material, and others By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, and Electric Vehicles
Companies covered:	American Axle & Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd, Cone Drive, Dynamatic Technologies Limited, Franz Morat Holding GmbH & Co. KG, Gleason Corporation, IMS Gear SE & Co. KGaA, Robert Bosch GmbH, RSB Group, Showa Corporation, UAG LLP, and ZF Friedrichshafen AG
Growth Drivers:	Increasing popularity of automatic transmission gears in modern/high-end cars
Restraints & Challenges:	Increasing demand for electric vehicles High cost of gearing system

Hybrid segment is expected to drive the market growth during the forecast period

On the basis of transmission type, the global automotive transmission gears is segmented in to Manual, Automatic, Automated Manual Transmission (AMT), Dual Clutch Transmission, and Hybrid. Hybrid based segment is expected to show highest CAGR of 10.8%, in terms of value, during the forecast period 2022–2030.

For instance, in August 2019, BorgWarner Inc., an American multinational automotive supplier, showcased its new integrated drive module (iDM) at the International Motor Show, the world's largest mobility show in Germany. The company also presented its P2 hybrid modules which can convert combustion-powered vehicles to hybrid vehicles without changing the transmission system.

Figure 2: Global Automotive Transmission Gears Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030

Major players operating in the global automotive transmission gears market include American Axle & Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd, Cone Drive, Dynamatic Technologies Limited, Franz Morat Holding GmbH & Co. KG, Gleason Corporation, IMS Gear SE & Co. KGaA, Robert Bosch GmbH, RSB Group, Showa Corporation, UAG LLP, and ZF Friedrichshafen AG.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Automotive Transmission Gears Market - Forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the expected market size of global automotive transmission gears market in 2030?

The global automotive transmission gears market is expected to reach US$ 47,538 million by 2030.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 8.3% during the forecast period (2022-2030).

What is the primary factor contributing to growth of the market?

Rising demand for enhanced driving experience in terms of smooth gear shifting & improved acceleration and growing demand for low carbon footprint technologies are driving the growth of the market.

Based on transmission which segment held the largest market share in the market in 2021?

Hybrid segment held the largest market share among transmission type in the market, in 2021.

Which region held the largest market share in the market in 2021?

Asia Pacific region held the largest share in the market in 2021.

Who are the key players operating in the market?

Major players operating in the market include American Axle & Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd, Cone Drive, Dynamatic Technologies Limited, Franz Morat Holding GmbH & Co. KG, Gleason Corporation, IMS Gear SE & Co. KGaA, Robert Bosch GmbH, RSB Group, Showa Corporation, UAG LLP, and ZF Friedrichshafen AG.