Automotive Gear Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

Published on : Sep-2018 | List of Tables : 94 | List of Figures : 163 | No. of Pages : 170 | Report Code : FACT1975MR |

Tier 3 Players Account for Over 60% Share in the Automotive Gear Space

The automotive gear market is a highly fragmented landscape, which can be ascertained from the fact that tier 3 players account for over 60% revenue share of the market. With a large-scale presence across the automotive gear space, the tier 3 players will consistently rely on small and local businesses, on the back of numerous cost benefits. The tier 3 players in the automotive gear market are majorly focusing on expansion of production facilities and introducing warehousing facilities to offer just-in-time deliveries as per customer-specific requirements. Moreover, tier 3 players have been emphasizing on strengthening product integrity in a bid to achieve long-term customer retention.

Tier 1 and 2 Players Looking Forward to Consolidate their Foothold in APEJ

For tier 1 and tier 2 companies operating in the automotive gear market such as Altra Industrial Motion Corporation, Linamar Corporation, Showa Corporation, and many more, geographical expansion is evolving as a preeminent focus area to tap into new customer segments. These companies are looking forward to leverage on evolving opportunities in developing economies across the Asia Pacific, driven by the overwhelming demand for vehicles and aftermarket products. Asia Pacific excluding Japan (APEJ) is also likely to offer tremendous opportunities with easy availability of raw materials, emerging as a highly lucrative region in the automotive gear market. Moreover, these companies are entering into strategic collaborations and acquisitions, in a bid to solidify capacity of their production lines.

  • In 2014, Altra Industrial Motion Corporation, a leading player in the automotive gear market, acquired Guardian Industries, a niche supplier of motion control, flywheel, and general industrial couplings. This acquisition helped Altra Industrial Motion Corporation to upgrade its services for both off-highway and general industrial applications.
  • In 2015, Linamar Corporation, a key player in the automotive gear market, signed a mutual agreement with Thermo Fisher Scientific, in a bid to fine-tune productivity and enhance user-experience of products offered by both the companies.

Use of Advanced Plastics- A Prominent Strategy to Shrink Manufacturing Costs While Upgrading Durability

The practice of ‘light weighting’ is becoming increasingly popular with automakers around the world as they are vying to comply with an EPA mandate, which calls for automobiles to average 54.5 mpg (miles per gallon) by 2025. Automakers have started relying on gears made of advanced plastics, as they are relatively lighter and offer better fuel efficiency when compared to that of the metal counterparts. With this trend gaining grounds, manufacturers of automotive gear are intensifying their capacity to offer plastic gears and are no more stuck with the conventional metal-centric perspective. Manufacturers of automotive gear are also looking forward to leverage substantial benefits, on the back of low manufacturing costs involved, while producing highly-durable plastic gears for use in automobiles. Moreover, the demand for plastic automotive gears reinforced with carbon fiber gaining momentum in passenger cars, encouraging automotive gear manufacturers to diversify their existing offerings with new additions.

Limited Geographical Presence- A Perennial Challenge to be Addressed by Tier 2 and Tier 3 Companies

Limited geographical presence and dependency on a limited customer base are some of the crucial challenges to be addressed by tier 2 and tier 3 companies in the automotive gear space. This confinement of the tier 2 and tier 3 companies in the automotive gear market is identified to have adverse impact on their profitability ratios, thereby evolving as a focal point gaining centerstage. In a bid to overcome this challenge, these companies in the automotive gear market are pushing wide-spread establishment of new production units across different regions. Moreover, these companies operating in the automotive gear market are also reinvigorating potential of their sales and distribution channels to expand their reach across multiple regions.

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Competitive Landscape

The competitive landscape of automotive gear market features all the prominent players operating in the industry. The market players of automotive gear market are featured based on their revenue shares, business strategies, primary areas of focus, and key product offerings. Some of the leading players featured in the automotive gear market report include Eaton Corporation, Bharat Gears Limited, GKN Plc., Inc., Altra Industrial Motion Corporation, Showa Corporation, American Axle and Manufacturing, Inc., Linamar Corporation, NSK Limited, Univance Corporation etc.

Eaton Corporation, a leading player in the automotive gear market, specializes in precision forged gears. In 2018, the company entered into a joint venture with Shaanxi fast gear for manufacturing manual transmissions for LCVs. The company offers a wide-range of transmission gears, differential gears, and customized gears.

Bharat Gears Limited, a key player in the automotive gear market, offers an extensive range of ring gears and heat treatment furnaces. As a part of its corporate changes in 2017, the company has reinvigorated its capacity in the bevel gears segment by making use of improved tools or manufacturing approaches.

GKN Plc., a leading player in the automotive gear market, had a strategic agreement with Kawasaki Heavy Industries for offering Low Pressure Compressor (LPC) vanes for Geared Turbofan (GTF) engines. In 2015, GKN acquired Fokker Technologies Group (Fokker) in a bid to enhance its global foothold with presence in China, Turkey, India and Mexico.

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Definition

A gear refers to a toothed-structured wheel integrated with several other analogous parts to alter the mechanism of speed driving. Gears find extensive applications across several industries, with automotive being the largest application area.

About the Report

Fact.MR recently published a research study on automotive gear market for the forecast timespan of 2018 to 2028. The report on automotive gear market provides cumulative insights and a holistic analysis of the overall automotive gear market landscape. The report on automotive gear market also analyzes diverse perspectives of the automotive gear market by making use of industry validated methodologies. Furthermore, the report on automotive gear market identifies latest developments and key differential strategies employed by the market players of automotive gear market.

Segmentation

The report on automotive gear market has been segmented based on product type, vehicle type, material type, sales channel, application, and region. By product type, the automotive gear market has been classified into worm gears, bevel gears, spur gears, helical gears, rack and pinion gears, planetary gears, hypoid gears, and others. By vehicle type, the automotive gear market has been classified as passenger cars, LCV, trucks, buses, off-road vehicles, and two-wheelers. By material type, the automotive gear market has been classified as metallic and non-metallic. By application, the automotive gear market has been segmented into engine, drive shaft, transmission, differential, steering system, and others. By sales channel, the sales and distribution in the automotive gear market is carried out through OEM and aftermarket. The automotive gear market has been gauged across North America, Latin America, Europe, CIS and Russia, Japan, APEJ, and MEA.

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Additional Questions Answered-

The report on automotive gear market also addresses some of the additional questions to gauge the overall growth trajectory of the industry. Some of these questions answered in the automotive gear market include-

  • What are the remunerative segments in the automotive gear market that can be targeted for attaining sustainable profits?
  • How is the flourishing agricultural development and automation in agriculture impacting the dynamics of automotive gear market?
  • What impact does the growing pace of fractious innovation spurred by new competitors have on the automotive gear market landscape?

Research Methodology

In the research methodology used for automotive gear market report, both top-down and bottom-up approaches have been used to estimate the market size of automotive gear market. The entire process of procuring insights for the automotive gear market research study incorporated study of annual and financial reports of leading companies, interviews with key industry personnel, and so on. All the data points included in the automotive gear market report have been verified through credible platforms to avoid discrepancies. Moreover, all the possibilities that could affect the landscape of automotive gear market have been extensively covered, thereby serving as a reference for industry stakeholders of automotive gear market to frame viable business decisions.

This report provides forecast and assessment on the automotive gear market for the period of forecast, 2018 to 2028, and the market size has been evaluated in terms of value (US$ Mn) and volume (Thousand Units). A plethora of factors that impact supply & demand trends in the automotive gear market have been analyzed and elaborated. Scope of the report is to offer its readers with valuable intelligence so that they are able to make fact-based decisions for expansion of their businesses.

Chapter 1 – Executive Summary

The report commences with an executive summary of the automotive gear market, providing in-depth analysis and actionable insights on its current and future growth prospects. Imperative market aspects such as opportunities, trends, restraints and drivers, influencing growth of the automotive gear market have been examined and incorporated in this chapter.

Chapter 2 – Automotive Gear Market Introduction

The report’s second chapter offers a succinct introduction to the automotive gear market, and formally defines the target product – automotive gear. This chapter also implies scope of the report, in combination with the provision of opportunity analysis and mega trends impacting expansion of the automotive gear market.

Chapter 3 – Automotive Gear Market Dynamics

This chapter offers the wheel of fortune which gives the market positioning of key market segments, in terms of CAGR, in a 2X2 matrix. Key takeaways, which include growth influencers and impediments, from the automotive gear market have also been rendered in this chapter.

Chapter 4 – Automotive Gear Industry and Key Indicator Assessment

This chapter offers an overview of the gear industry at a global scale, along with supply chain analysis and forecast factors & the relevance of their impact on growth of the automotive gear market during the period of forecast.

Chapter 5 – Automotive Gear Market Price Point Analysis

Price assessment of automotive gear on the basis of region has been delivered in this chapter, which also provides price forecast on the automotive gear market for the period of forecast. Factors influencing the pricing strategies of players in the automotive gear market have also been examined and analyzed in this chapter.

Chapter 6 – Automotive Gear Market Analysis & Forecast

This chapter offers an intricate assessment on the automotive gear market by categorizing it into 6 key segments, namely, product type, vehicle type, application, material type, sales channel, and region.

Chapter 7 – North America Automotive Gear Market

This chapter offers a detailed analysis on the automotive gear market in North America. Revenue and volume share analysis has been offered for the North America automotive gear market, based on all the market segments identified in the report.

Chapter 8 - Latin America Automotive Gear Market

An in-depth assessment on the automotive gear market in Latin America has been provided in this chapter. A country-level assessment on key dynamics influencing growth of the Latin America automotive gear market has also been offered in this chapter.

Chapter 9 - Europe Automotive Gear Market

Market size and forecast on the automotive gear market in Europe, in terms of volume and value, has been offered in this chapter. Revenue and volume share comparison between all segments in Europe automotive gear market has also been provided in this report.

Chapter 10 – CIS & Russia Automotive Gear Market

This chapter delivered key insights associated with the automotive gear market in CIS and Russia. Important market numbers such as revenues, volume sales, and CAGR have been offered to depict the size of the CIS & Russia automotive gear market.

Chapter 11 – Japan Automotive Gear Market

This chapter provides an in-depth assessment on the automotive gear market in Japan, along with Y-o-Y growth analysis on the regional market. Y-o-Y growth comparison analysis offered is based on all the market segments identified and examined in the report.

Chapter 12 – APEJ Automotive Gear Market

Assessment and analysis on the automotive gear market in Asia-Pacific excluding Japan (APEJ) has been covered in this chapter. Key countries studied under APEJ automotive gear market include Greater China, India, South Korea, ASEAN countries, and Rest of APEJ.

Chapter 13 – MEA Automotive Gear Market

Key trends impacting growth of the automotive gear market in Middle East & Africa (MEA) have been analyzed in this chapter. The analysis on the MEA automotive gear market includes Y-o-Y growth comparison, revenue comparison, and volume share comparison between the market segments identified and incorporated in the report.

Chapter 14 – Competition Landscape, Company Share, and Company Profiles

This concluding chapter of the report delivers a detailed assessment on the competition landscape of the automotive gear market, which provides a company share analysis on key players supporting the market growth. A heat map analysis has also been provided in this chapter, which gives the intensity of presence of the market players in the regional market. Key player sustaining expansion of the automotive gear market have been profiled and analyzed in detail in this chapter.

Sources:

Insights on marketing resource management market are gained from various resources, which include company websites, annual reports, published trade data, quarterly financial statements, local newspapers, company press releases, and published financial data.

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Automotive Gear Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028