Automotive Pinion Gear Market

Automotive Pinion Gear Market Outlook (2023 to 2033)

The global automotive pinion gear market is valued at US$ 11.08 billion in 2023 and is forecasted to reach US$ 17.2 billion by 2033, expanding at a CAGR of 4.5% over the next ten years.

The pinion side of a pinion combination experiences a higher frequency of gear mesh compared to the other side, making it necessary to use more rigid materials and effective heat treatment techniques to prevent rapid wear and tear. Pinion gears are typically made from various alloys, including steel, aluminum, magnesium, manganese, zinc, chromium, nickel, and cobalt, depending on their intended use as either driving or driven gears of the spur or helical type in different gearing systems such as ring and pinion systems.

Automotive gears can be made from a variety of metal and nonmetal components, including steel, aluminum, brass, cast iron, carbon steel, plastics, and magnetic alloys. Plastic, which is the main material used for non-metallic gears, is known to produce less noise but has lower strength and load-bearing capacity compared to metallic gears. Pinion gears play a crucial role in transmitting motion from the assembly to the larger gear in vehicle differentials, steering systems, and transmission systems.

The selection of materials for automotive gears is based on factors such as reliability, precision, load capacity, and durability. Non-metallic gears are preferred for their high precision and ease of machining, and this is expected to drive significant growth in the automotive gear market in the future. Demand for automotive gear shift systems is also expected to experience substantial growth due to the widespread use of gears in vehicle differential systems.

Since the global automotive pinion gear market is primarily driven by rising demand for automotive pinion gears from the automotive industry, it is anticipated that growth of the automotive sector will fuel the sales of automotive pinion gears over the coming years.

There is an increase in demand for pinion gears, especially in developing countries, as a result of high spending on both commercial and passenger vehicles. Sales of automobile pinion gears have increased due to advancements in production processes resulting in reduced costs, as well as the development of new product designs and applications.

Report Attributes	Details
Automotive Pinion Gear Market Size (2022)	US$ 10.6 Billion
Estimated Market Value (2023)	US$ 11.08 Billion
Projected Market Value (2033)	US$ 17.2 Billion
Global Market Growth Rate (2023 to 2033)	4.5% CAGR
China Market Growth Rate (2023 to 2023)	4.4% CAGR
Key Companies Profiled	B&R Machine and Gear Corporation Bharat Gears Ltd. BMT International S.A. Eaton Corporation PLC Gear Motions Mahindra Gears & Transmissions Pvt. Ltd. Precipart Corporation Renold PLC Samgong Gear Ind. Co. Ltd.

Why are We Seeing Steady Rise in the Sales of Automotive Pinion Gears?

“Ever-growing Demand for Cars Fueling Sales of Automotive Pinion Gears”

The automotive industry is being driven by rapid urbanization, significant population growth, a growing middle class, and high disposable income, all of which contribute to the high demand for cars.

The global market for automotive pinion gear is expected to expand in the coming years due to this rising demand. Key drivers include increased vehicle production, demand for better driving experiences such as smoother gear shifting and improved acceleration, and growing demand for low-carbon-footprint technology.

“Technological Advancements in Computer-aided Engineering Facilitating Production of Efficient Pinion Gears”

CATIA software is used for designing pinion gears for automobiles. Computer-aided engineering (CAE) is employed to ensure the safety of the clevis joint and pinion gear housing. Recently developed pinion gears are compared to original equipment manufacturer (OEM) pinion gearboxes based on factors such as price, weight, and steering ratio. Technological advancements in the automotive sector are bringing new trends to this market.

• In September 2022, Maurer launched improved spike coaster trains, tilting seats, and layouts.

A spike coaster is a powered roller coaster that uses a rack and pinion steering mechanism similar to that of an automobile. A pinion is a gear on the ride vehicle that rotates to lower the car track, whereas the rack and pinion system is a row of gear teeth set along the length of the track.

Fact.MR, a market research and competitive intelligence provider, expects that the demand for vehicle pinion gears will grow over the forecast period owing to technological advancements in automobile designs.

What are the Challenges Faced by Manufacturers of Automotive Pinion Gears?

“Expansion of Electric Vehicle Market to Decrease Usage of Automotive Pinion Gears”

The high cost of high-end gear systems and the minimal penetration of advanced gear vehicles in big-volume markets are a hindrance to the production of automotive pinion gears. Over the coming years, the quickly expanding electric vehicle market is anticipated to restrain sales of automotive gear.

Penetration of electric vehicles is currently limited, making up only a small portion of all vehicle sales. However, governments’ support for the production of zero-emission vehicles through financial incentives and regulations may affect sales of automotive pinion gears adversely.

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Country-wise Insights

What are the Factors Responsible for High Demand for Automotive Pinion Gears in Asia Pacific?

“Growing Demand for Lightweight Components and Fuel-efficient Vehicles in Asia Pacific”

Manufacturers' increasing focus on enhancing production capacity is likely to fuel the demand for automotive pinion gears in Asia Pacific.

Sales of pinion gears are increasing as a result of the high demand for lightweight automotive components and fuel-efficient vehicles. In addition, demand for lightweight and durable aluminum composite gears is also expected to rise.

A large number of manufacturing facilities, rising urbanization, increasing purchasing power, and rising vehicle production in China and other Asian countries are expected to contribute to the high demand for automotive pinion gears in Asia Pacific.

What Makes the United States a Lucrative Market for Manufacturers of Automotive Pinion Gears?

“High Demand for Commercial Vehicles and Increasing Investments in R&D”

The United States accounts for high sales of automotive pinion gears due to the presence of a large number of manufacturers in the country. GKN PLC, American Axle & Manufacturing Holdings Inc., Magna International Inc., and Dana Holding Corporation are some key companies in the automotive pinion gear market in the United States.

High demand for passenger cars and light commercial vehicles, increasing investments in research & development by major automakers to achieve higher vehicle performance, and regulations governing lower carbon footprint are factors that will contribute to sales of automotive pinion gears in the United States.

• MidOcean Partners, a private equity firm headquartered in the United States, acquired Cloyes in February 2022. MidOcean aims to accelerate its growth in the vehicle aftermarket sector with this acquisition and expand its portfolio of best-in-class auto aftermarket goods and services. Cloyes is a North American designer, developer, manufacturer, and distributor of timing drive systems and engine components for original equipment manufacturers.

Category-wise Insights

Which Type of Pinion Gear Accounts for Higher Sales?

“Rising Production of Four-wheelers Fueling Sales of Automotive Pinion Gears”

The utilization of helical pinion gears in transmission and steering systems is increasing. Off-road and military vehicles are typically four-wheel drives that utilize more differentials than two-wheel drives utilizing bevel pinion gears.

Spur gears and cylindrical gears with helical tooth lines are examples of helical gears that are utilized with parallel shafts. They are useful for high-speed applications because they have superior tooth meshing than spur gears, are quieter, and can transmit higher weights. Helical gears generate an axial thrust and therefore require the use of thrust bearings.

Why are Pinion Gears Widely Deployed in Passenger Vehicles?

“Increasing Focus on Road Safety by Governments and General Public”

Automotive pinion gears offer enhanced safety by enabling better steering control and faster acceleration and deceleration.

The passenger vehicles segment is anticipated to grow faster through 2033 due to rising people’s preference for safe, luxurious, convenient, and premium automobiles.

Competitive Landscape

Fact.MR has provided details regarding key manufacturers of automotive pinion gears in its recently published report. This industry is highly fragmented and none of these companies hold a significant market share.

• In 2021, Swiss gear technology company Humbel, one of the pioneers in producing gearboxes and transmissions, designed prototypes for specific components such as internal ring gears for e-axels and e-gears in electric vehicles.
• In March 2019, Dana Incorporated revealed that it had successfully acquired the Drive Systems division of Oerlikon Group. Dana's existing technology portfolio, particularly covering high-precision helical gears for the light- and commercial-vehicle sectors has grown as a result of this acquisition.
• ZF announced the integration of MICO, a global leader in precision-engineered hydraulic and electrohydraulic braking systems, with ZF’s portfolio of its off-highway offerings at MINExpo in September 2021. The company has also introduced the Redulus4F Industrial Gearbox Series and Advanced Serviceability Solutions based on the ProVID Condition Monitoring System, which offers quick and effective failure detection.

Key Segments of Automotive Pinion Gear Industry

• By Type :

  • Bevel Gears
  • Helical Gears

• By Vehicle :

  • Passenger Vehicles
  • Commercial Vehicles

• By Application :

  • Steering Systems
  • Transmissions
  • Differentials

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa