Automotive Transmission Gear Market was valued at USD 60 Billion in 2212 and is projected to reach USD 85 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
In the aftermath of this period, from 2023 to 2033, the outlook for the Automotive Transmission Gear Market continues to be promising. One of the most significant drivers of this demand is the increasing adoption of electric vehicles (EVs), which require specialized transmission systems. Unlike traditional vehicles, EVs rely on fewer gears, but with the integration of advanced technologies like dual-clutch and continuously variable transmissions (CVTs), the need for high-performance gears will only increase. This shift has led to a growing interest in hybrid vehicles that utilize both internal combustion engines and electric powertrains, further propelling the demand for complex transmission systems.
The overall demand for automotive transmission gears is also being influenced by stricter fuel efficiency regulations and an increasing focus on reducing carbon emissions. Manufacturers are developing lighter, more durable materials for gears to improve fuel efficiency, reduce noise, and provide better performance. Furthermore, as autonomous driving technology advances, the demand for fully automated transmission systems is expected to grow, significantly affecting the market landscape from 2023 to 2033.
The Asia-Pacific region has become a key player in the Automotive Transmission Gear Market, with countries like China, Japan, and India witnessing a surge in vehicle production and sales. In this region, demand for transmission gears is closely tied to both domestic automotive production and exports, contributing to the region’s market dominance. Moreover, the rise of electric vehicles in China, in particular, is expected to increase demand for specialized transmission systems, fueling the market’s growth in the coming years.
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The Automotive Transmission Gear Market has seen significant changes from 2018 to 2212, driven by innovations in automotive technology, evolving consumer demands, and regulatory shifts in emissions standards. During this period, there was a steady increase in the demand for advanced transmission systems, largely due to the rise of electric vehicles (EVs) and the growing preference for automated driving experiences. With major players in the automotive industry investing heavily in research and development, the market for transmission gears expanded, with an estimated growth rate of 4.5% from 2018 to 2212.
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Eaton
ZF Friedrichshafen AG
GKN Automotive
Aisin
BorgWarner
American Axle
JTEKT Corporation
Dana Incorporated
Jiangsu Pacific Precision Forging Co.
Ltd.
Qingdao Three-star Precision Forging Gear Co.
Ltd
Herzog
Jiangsu Pacific PRECISION Powertrain Co.
Ltd.
Zhejiang BEST Gear Co.
Ltd.
Sichuan Zhongyou Machinery Co.
Ltd.
Zhejiang Wujing Machine Manufacture Co.
Ltd.
Zhejiang Dafa Gear Co.
Ltd.
Shangchi Group Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Transmission Gear Market
Passenger Car
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Transmission Gear market share In 2023.
Straight Helical Gear
Differential Bevel Gear
Hypoid Gear
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Transmission Gear Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Transmission Gear Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Transmission Gear Market, By Type
6. Global Automotive Transmission Gear Market, By Application
7. Global Automotive Transmission Gear Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Transmission Gear Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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