The Global Automotive Gear Market is expected to exhibit a strong CAGR of 6.4% over the forecast period from 2016 to 2023, according to the latest research report from Market Research Future (MRFR). The Global Automotive Gear market is assessed in detail in the report to find the market’s leading drivers and restraints, major players, and leading segments.

The Global Automotive Gear market is mainly driven by the growth of the global automotive industry. The growing automotive industry is likely to remain the major driver for the Global Automotive Gear market over the forecast period. Global Automotive Gears play a crucial role in automotive design by transferring the engine’s power to the wheels and allowing for multiple speeds. The “feel” of Global Automotive Gears is a crucial part of a car’s experience, as it is a key indicator of how the car was built and what it is intended to do.

Competitive Analysis

Eaton

Mitsubishi Group

Linamar Corporation

Bharat Gears Ltd

NSK Ltd

Neapco Inc

Dana Holding Corporation

ZF TRW

Robert Bosch GmbH

GKN plc

Segmental Analysis

The global [FURL=https://www.marketresearchfuture.com/reports/automotive-gear-market-2794]Global Automotive Gear Market[/FURL] is analyzed on the basis of the material, product, and vehicle.

The material segment of the Global Automotive Gearbox Market is bifurcated into metallic and plastic. The metallic segment is poised to witness a higher CAGR over the review period. This is attributed to the increased durability of metals as compared to plastics.

The product segment of the Global Automotive Gears Market is segmented into planetary, bevel, helical, non-metallic, and others.

The vehicle segment of the Global Automotive Gear segment is bifurcated into passenger vehicles and commercial vehicles. Both segments are expected to witness higher growth over the assessment period, owing to the increasing commercialization across the globe and the rising disposable income of consumers.

Regional Analysis

The geographical analysis of the Global Automotive Gear Market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa).

The Asia-Pacific market is dominating the market of The Asia-pacific Global Automotive Gearbox Market due to growth in the automotive sector. The growth of the Global Automotive Gearbox Market is also influenced by the automotive manufacturing industries in developing economies such as Japan, China, and India, which are driving the demand for Global Automotive Gears. The market in the developing countries is primarily driven by economic growth and ongoing industrialization, which helps in the production of motor vehicles and other manufacturing output.

North America is considered as the second-largest Global Automotive Gears market due to factors such as a large customer base systems and high disposable income of end-users have fueled the demand for vehicles in the country. The established automotive industry in the region is also expected to contribute substantially to the North American gear market share over the review period.

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