Automotive Gears Market - Global Forecasts to 2020

The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015 to 2020. The market is estimated to be USD 28.47 billion in 2015 and is projected to reach 38.27 billion by 2020. The growth of this market is fueled by the rising vehicle production and increasing installation of mechanical components in cars.
“Enhanced driving experience in terms of smooth gear shifting & improved acceleration to drive the automotive gears market”
Asia-Pacific is estimated to be the largest market for automotive gears. The Asia-Pacific automotive gears market, in terms of value, is projected to grow at the highest CAGR from 2015 to 2020. This can be mainly attributed to the rising vehicle production and the increasing installation of mechanical parts in passenger cars and light commercial vehicles. The differential system application segment is estimated to account for the largest market share in 2015. However, the transmission system segment is projected to grow at the highest CAGR during the forecast period.
“Growing demand for low-carbon-footprint technologies to drive the automotive gears market”

Improved gear systems allow the vehicle engine to run at an optimum level, thereby reducing engine losses that may result from friction and lubrication. This lowers the emission levels of the vehicle. Automatic gear systems reduce emission levels by 20%; thus, vehicles equipped with these systems contribute to a cleaner environment. The growing demand for eco-friendly vehicles from consumers has led to the increased adoption of these gear systems, which reduce carbon emissions throughout the vehicle’s life cycle.
The study also contains insights from various industry experts, ranging from component suppliers to Tier-I companies and OEMs. The break-up of the primaries is as follows:
‧ By Company Type - Tier 1 - 42 %, Tier 2 - 26%, Others - 32%
‧ By Designation - C level - 40%, D level - 29%, Others - 31%
‧ By Region - North America - 38%, Europe - 22%, Asia-Pacific - 30%, RoW - 10%


GKN plc is a global engineering company that specializes in the design, manufacture, and servicing of systems and components for original equipment manufacturers (OEMs). GKN conducts operations through four divisions: driveline, aerospace, land systems, and powder metallurgy.

Showa Corporation manufactures and sells automotive products in Japan and internationally. The company operates in four business segments—namely, automotive components, steering system components, motorcycle & hydraulic components, and gas springs. It offers hypoid gear and transfer gear sets under its steering systems components segment. Other major players in the automotive gears market are Bharat Gears (India), AAM (U.S.), ZF TRW (U.S.), and Univance Corporation (Japan).



Reasons to Buy the Report:
The report provides insights about the following points:
‧ Market Penetration: Comprehensive information about automotive gears offered by the top 10 players in the automotive gears market

‧ Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and new product launches in the automotive gears market

‧ Market Development: Comprehensive information about types of automotive gears. The report analyzes markets for various automotive gears across regions

‧ Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the automotive gears market

‧ Competitive Assessment: In-depth assessment of market share, strategies, products, and manufacturing capabilities of leading players in the automotive gears market

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.2.1 SPUR GEARS 16
1.2.2 HELICAL GEARS 16
1.2.3 BEVEL GEARS 16
1.2.4 RACK AND PINION 16
1.2.5 WORM GEARS 17
1.2.6 PLANETARY GEARS 17
1.2.7 HYPOID GEARS 17
1.3 MARKET SCOPE 18
1.3.1 MARKETS COVERED 18
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 PACKAGE SIZE 18
1.6 LIMITATIONS 19
1.7 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.2 SECONDARY DATA 22
2.2.1 KEY SECONDARY SOURCES 22
2.2.2 KEY DATA FROM SECONDARY SOURCES 22
2.3 PRIMARY DATA 23
2.3.1 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS 23
2.3.2 PRIMARY PARTICIPANTS 24
2.3.2.1 Key industry insights 24
2.4 FACTOR ANALYSIS 24
2.4.1 INTRODUCTION 24
2.4.2 DEMAND SIDE ANALYSIS 25
2.4.2.1 Impact of GDP on Total vehicle sales 25
2.4.2.2 Urbanization vs. Passenger cars per 1000 people 26
2.4.2.3 Infrastructure: Roadways 26
2.4.3 SUPPLY SIDE ANALYSIS 28
2.4.3.1 Technological advancements 28
2.5 MARKET SIZE ESTIMATION 28
2.6 DATA TRIANGULATION 29
2.7 ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 35
4.1 OPPORTUNITIES IN THE AUTOMOTIVE GEARS MARKET 35
4.2 REGIONAL ANALYSIS FOR AUTOMOTIVE GEARS MARKET, 2015 & 2020 35
4.3 AUTOMOTIVE GEARS MARKET, BY MATERIAL TYPE 36
4.4 AUTOMOTIVE GEARS MARKET, BY APPLICATION 36
4.5 AUTOMOTIVE GEARS MARKET PRODUCT LIFE CYCLE, BY REGION 38
5 TECHNOLOGY OVERVIEW 39
5.1 CLASSIFICATION OF GEARS 39
5.1.1 PARALLEL SHAFT GEARS 39
5.1.1.1 Spur Gears 39
5.1.1.2 Helical Gears 39
5.1.1.3 Rack & Pinion Gears 39
5.1.2 INTERSECTING SHAFT GEARS 40
5.1.2.1 Bevel Gear 40
5.1.3 SKEW SHAFT GEARS 40
5.1.3.1 Hypoid Gear 40
5.1.3.2 Worm Gear 40
5.2 UPCOMING TECHNOLOGY IN AUTOMOTIVE GEARS 40
5.3 GEAR FAILURE ANALYSIS 41
5.3.1 COMMON TYPES OF GEAR FAILURE IN THE AUTOMOTIVE GEARS INDUSTRY 41
6 MARKET OVERVIEW 42
6.1 INTRODUCTION 43
6.2 MARKET SEGMENTATION 43
6.3 MARKET DYNAMICS 44
6.3.1 DRIVERS 44
6.3.1.1 Increasing vehicle production 44
6.3.1.2 Enhanced driving experience in terms of smooth gear shifting & improved acceleration 45
6.3.1.3 Growing demand for low-carbon footprint technologies 45
6.3.2 RESTRAINTS 46
6.3.3 OPPORTUNITIES 47
6.3.4 CHALLENGE 48
6.4 BURNING ISSUES 48
6.4.1 DEMAND FOR ADVANCED GEAR SYSTEMS IN ENTRY LEVEL VEHICLE SEGMENT 48
6.5 VALUE CHAIN ANALYSIS 48

6.6 PORTER’S FIVE FORCES ANALYSIS 50
6.6.1 THREAT FROM NEW ENTRANTS 50
6.6.1.1 Technological expertise 50
6.6.1.2 Loyalty of customers towards established brands 51
6.6.1.3 Market Profitability 51
6.6.2 THREAT FROM SUBSTITUTES 51
6.6.2.1 Increasing penetration of automatic gears over conventional systems 51
6.6.2.2 Fuel-efficient & performance-oriented technologies in future 51
6.6.3 BARGAINING POWER OF BUYERS 52
6.6.3.1 New Developments in Gear Systems 52
6.6.4 BARGAINING POWER OF SUPPLIERS 52
6.6.4.1 Long-Term supply contracts 52
6.6.5 INTENSITY OF COMPETITIVE RIVALRY 52
6.6.5.1 Expansion and Joint Ventures with OEMs and Suppliers for Production of Gear Systems in Developing Countries 52
7 AUTOMOTIVE GEARS MARKET, BY MATERIAL TYPE 53
7.1 INTRODUCTION 54
7.2 METALLIC GEARS 55
7.3 NON-METALLIC GEARS 56
8 AUTOMOTIVE GEARS MARKET, BY APPLICATION 58
8.1 INTRODUCTION 59
8.2 TRANSMISSION SYSTEM 60
8.3 DIFFERENTIAL SYSTEM 62
8.4 STEERING SYSTEMS 63
8.5 OTHER AUTOMOTIVE GEARS 64
9 AUTOMOTIVE GEAR MARKET, BY PRODUCT TYPE 65
9.1 INTRODUCTION 66
9.2 SPUR GEAR 67
9.3 HELICAL GEAR 68
9.4 BEVEL GEAR 69
9.5 RACK & PINION GEAR 70
9.6 WORM GEAR 71
9.7 PLANETARY GEARS 72
9.8 HYPOID GEAR 73
9.9 NON-METALLIC GEARS 74

10 AUTOMOTIVE GEARS MARKET, BY REGION 76
10.1 PEST ANALYSIS 77
10.1.1 POLITICAL FACTORS 77
10.1.1.1 Europe 77
10.1.1.2 Asia-Pacific 77
10.1.1.3 North America 77
10.1.1.4 Rest of world 77
10.1.2 ECONOMIC FACTORS 78
10.1.2.1 Europe 78
10.1.2.2 Asia-Pacific 78
10.1.2.3 North America 78
10.1.2.4 Rest of the world 78
10.1.3 SOCIAL FACTORS 78
10.1.3.1 Europe 78
10.1.3.2 Asia-Pacific 79
10.1.3.3 North America 79
10.1.3.4 Rest of the world 79
10.1.4 TECHNOLOGICAL FACTORS 79
10.1.4.1 Europe 79
10.1.4.2 Asia-Pacific 79
10.1.4.3 North America 79
10.1.4.4 Rest of the World 79
10.2 INTRODUCTION 80
10.3 ASIA-PACIFIC 81
10.3.1 ASIA-PACIFIC: GEARS MARKET, BY COUNTRY 83
10.3.2 CHINA 84
10.3.2.1 CHINA: GEARS MARKET, BY PRODUCT 84
10.3.3 JAPAN 85
10.3.3.1 JAPAN: GEARS MARKET, BY PRODUCT 85
10.3.4 SOUTH KOREA 86
10.3.4.1 SOUTH KOREA: GEARS MARKET, BY PRODUCT 86
10.3.5 INDIA 87
10.3.5.1 INDIA: GEARS MARKET, BY PRODUCT 87
10.4 EUROPE 88
10.4.1 EUROPE GEAR MARKET,BY COUNTRY 89
10.4.2 GERMANY 90
10.4.2.1 GERMAY: GEARS MARKET, BY PRODUCT 90
10.4.3 FRANCE 91
10.4.3.1 FRANCE: GEARS MARKET, BY PRODUCT 91
10.4.4 U.K. 92
10.4.4.1 U.K.: GEARS MARKET, BY PRODUCT 92
10.4.5 SPAIN 93
10.4.5.1 SPAIN: GEARS MARKET, BY PRODUCT 93
10.5 NORTH AMERICA 94
10.5.1 NORTH AMERICA: GEARS MARKET, BY COUNTRY 96
10.5.2 U.S. 97
10.5.2.1 U.S.: GEARS MARKET,BY PRODUCT 97
10.5.3 MEXICO 98
10.5.3.1 MEXICO: GEARS MARKET,BY PRODUCT 98
10.5.4 CANADA 99
10.5.4.1 CANADA: GEARS MARKET, BY PRODUCT 99
10.6 ROW 100
10.6.1 ROW: GEARS MARKET, BY COUNTRY 100
10.6.2 BRAZIL 102
10.6.2.1 BRAZIL: GEARS MARKET,BY PRODUCT 102
10.6.3 RUSSIA 103
10.6.3.1 RUSSIA: GEARS MARKET, BY PRODUCT 103
11 COMPETITIVE LANDSCAPE 104
11.1 OVERVIEW 104
11.2 COMPANY RANKING: AUTOMOTIVE GEARS MARKET 105
11.3 BATTLE FOR MARKET SHARE: EXPANSION WAS THE KEY STRATEGY 107
11.4 EXPANSION 107
11.5 NEW PRODUCT LAUNCH 109
11.6 AGREEMENTS/SUPPLY CONTRACTS 110
11.7 MERGERS & ACQUISITIONS 111
12 COMPANY PROFILES 112
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 INTRODUCTION 112
12.2 GKN PLC 113
12.3 BHARAT GEARS LTD. 117
12.4 SHOWA CORPORATION 120
12.5 DUPONT 123
12.6 ZF TRW 126
12.7 UNIVANCE CORPORATION 129
12.8 ROBERT BOSCH GMBH 131
12.9 AAM 133
12.10 IMS GEAR GMBH 135
12.11 RSB 136
*Details might not be captured in case of unlisted companies.
13 APPENDIX 137
13.1 INSIGHTS OF INDUSTRY EXPERTS 137
13.2 DISCUSSION GUIDE 138
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 141
13.4 AVAILABLE CUSTOMIZATIONS 142
13.5 RELATED REPORTS 143