Automotive Gear Market Size | COVID-19 Impact

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As a result, the automotive gear industry is likely to receive increasing investment from leading automotive market players over the forecast period. The increasing vehicle ownership figures around the world are likely to be a key driver for the global Automotive Gear Market Size over the forecast period.

Competitive Analysis:

Leading players in the global Automotive Gear Market Size include GKN plc, ZF TRW, Robert Bosch GmbH, Dana Holding Corporation, Mitsubishi Group, Neapco Inc., Bharat Gears Ltd., NSK Ltd., Linamar Corporation, and Eaton.

In May 2019, EMAG released a new twin-spindle system for gear hobbing, called the VL 1 Twin Line. This method reduces the production times drastically, while maintaining production quality.

Segmentation:

By material, the global Automotive Gear Market is segmented into metal and plastic.

By product type, the market is segmented into planetary, bevel, helical, non-metallic, and others.

By vehicle type, the global Automotive Gear Market Size is bifurcated into commercial and passenger vehicles.

Regional Analysis:

Asia Pacific is likely to dominate the global Automotive Gear Market Size over the forecast period due to the growing automotive industry in the region. The automotive industry in Asia Pacific has become a leading contributor to the global automotive market over the last decade, with the rapid rise in vehicle ownership in countries such as China and India propelling the domestic automotive industry to new heights over the last few years. 

North America is also likely to play a leading role in the global Automotive Gear Market Size over the forecast period. While the dominance of Asia Pacific in the global Automotive Gear Market Size is mainly based on overall volume, North America and Europe are likely to be the technological leaders for the global Automotive Gear Market Size over the forecast period.