Analysis of Automotive Gear market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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 the 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 strengthening product integrity in a bid to achieve long-term customer retention.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
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 leveraging 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 the capacity of their production lines.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
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 their metal counterparts.
With this trend gaining ground, 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 leveraging 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.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
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 tier 2 and tier 3 companies in the automotive gear market is identified to have an 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 the widespread establishment of new production units across different regions. Moreover, these companies operating in the automotive gear market are also reinvigorating the potential of their sales and distribution channels to expand their reach across multiple regions.
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, 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 a presence in China, Turkey, India, and Mexico.
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.
Fact.MR recently published a research study on the automotive gear market for the forecast timespan of 2018 to 2028. The report on the automotive gear market provides cumulative insights and a holistic analysis of the overall automotive gear market landscape.
The report on the automotive gear market also analyzes diverse perspectives of the automotive gear market by making use of industry-validated methodologies. Furthermore, the report on the automotive gear market identifies the latest developments and key differential strategies employed by the market players of the automotive gear market.
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-
In the research methodology used for the automotive gear market report, both top-down and bottom-up approaches have been used to estimate the market size of the automotive gear market. The entire process of procuring insights for the automotive gear market research study incorporated the 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 the automotive gear market have been extensively covered, thereby serving as a reference for industry stakeholders of the automotive gear market to frame viable business decisions.
The report on automotive gear market has been segmented based on product type, vehicle type, material type, sales channel, application, and region.
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.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesBuy Now
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
- Research Methodology -
An Adaptive Approach to Modern-day Research NeedsGet Methodology
- Related Reports -
Tier 3 Players Account for Over 60% Share in the Automotive Gear Space
Key players identified in the global market include Eaton Corporation, Bharat Gears Limited and GKN Plc., Inc.
Need An Exclusive Report For Your Unique Requirement?