Automotive Gearbox Market Key Drivers, Share, Trends, Growth, Future Scope Analysis and Forecast To 2023
The Automotive Gearbox Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Automotive Gearbox Market highlights the future prediction and the growth alternatives that can be created.
(firmenpresse) - Automotive Gearbox Market Overview
The higher demand for automotive gears is due to the growth in the automotive industry. automotive gears help give an automobile, a smooth start to and allows the outer wheel to rotate better than the inner wheel for safer turns. Smooth gear shifting improves the driving experience, as well as the growing demand for low-carbon-footprint technologies, drives the growth of the global market for automotive gears over the review period. Moreover, rising disposable incomes and vehicle-ownership boost the Automotive Gearbox Market growth. Lightweight and highly resilient aluminum and composite gears are estimated to achieve higher popularity over the forecast period.
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 globalAutomotive Gearbox Market 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 Automotive Gearbox Market due to growth in the automotive sector. The growth of the 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 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.
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Datum: 13.05.2020 - 12:34 Uhr
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News-ID 612346
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Date of sending: 13/05/2020
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