Automotive Gears Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger car, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Application (Transmission System, Steering System, Differential System, and Others), By Gear Type (Bevel, Spur, Rack & Pinion, Helical, Hypoid, Planetary, and Others), and Regional Forecast, 2024-2032

Automotive gears are a crucial component of a vehicle's transmission system. They are responsible for transferring power from the engine to the wheels, enabling the vehicle to move. The gears in a vehicle must be capable of withstanding a high level of stress and torque while maintaining precise control over the vehicle's speed and direction. These gears come in various shapes and sizes depending on the load and the usage criteria; from spur or helical transmission to planetary gears, their use provides less mechanical force to be implemented while simultaneously reducing the rotation speed.

The quality and durability of these automotive gears are crucial aspects that influence a vehicle's overall performance and safety. To survive the high amounts of stress and torque created by the engine and gearbox system, the design and material of the gears must be carefully considered. Furthermore, gears must be carefully produced and placed to ensure smooth and accurate performance. Technological advancements have created more efficient gears with lightweight materials and specialized coatings to reduce friction and wear. As the automobile industry evolves, the demand for high-quality and dependable gears will remain high, garnering innovation and growth in the industry.

Impact of COVID-19 on the Automotive Gears Market

COVID-19 had a significant impact on the automotive sector, especially on the gears market. The critical point was the disruption in the supply chain, closed manufacturing facilities, and the initial decline in automotive production. Many countries worldwide implemented strict sanctions and lockdowns on the movement of components and goods, disrupting the supply of automotive gear. The restriction in the movement of people, resulting in less usage of vehicles, dropped the sales and services related to automotive components.

Post COVID-19, after the restrictions were lifted by the government, the automotive industry witnessed a rise in the production and sales of vehicles, which created the demand for components such as automotive gear. This trend is expected to continue as more and more push towards green and sustainable vehicle gear production occurs. The pandemic has also driven innovation and competition among manufacturers. Companies are investing in research and development to create more advanced and efficient gear systems, making vehicles more accessible to consumers.

Overall, the automotive gears market is expected to grow at a considerable pace post-pandemic as vehicle and efficient systems are getting significant traction and popularity.

Segmentation

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on automotive gears market.

Analysis by Vehicle Type

The vehicle type segment includes passenger cars, light commercial vehicles, and heavy commercial vehicles. Several factors, including the number of passenger cars on the road, the age of those vehicles, and changes in vehicle standards, drive the demand for passenger car gear systems. As design standards become more stringent, manufacturers are required to develop new and improved vehicle assemblies that require high-quality gears. This can lead to increased demand for gears, particularly those made from advanced materials that can withstand high temperatures and corrosive grease and oils. This fuels the market growth of the segment in the near future.

Analysis by Gear Type

Differential gear train plays a crucial role in the functioning of modern-day vehicles. It is also a mechanical device that is used to rotate the wheels of the vehicle at different speeds while driving around curves. The differential systems segment is expected to grow due to increasing demand for advanced automotive systems. With the emergence of electric vehicles, there is a growing need for more efficient and precise differential gear systems. Moreover, they are also used in off-road and commercial vehicles where they need to operate under extreme conditions. Hence, the demand for robust and reliable differential gear systems is expected to rise in the near future. The demand for planetary gears is likely to increase due to the rising adoption of automatic transmission systems in vehicles and electric vehicles, as this type of gear plays a major role in the operation of automatic and electric vehicles.

Analysis by Region

The Asia Pacific region has experienced rapid automotive production and sales growth, driven by increasing population, rising disposable incomes, and urbanization. This growth in the automotive sector is contributed to the demand for various automotive components, including gears. The highest growth rate is expected in the Asia Pacific market due to the significant EV manufacturers, increased electric vehicle technological capabilities, and advanced transmission, steering, and differential assembly features for vehicles that will have a rising impact on sales of these gears in the region. Thus, the well-established automotive industry and advancement in automotive technology fuels the regional market growth in the Asia Pacific.

Key Players Covered

BorgWarner (U.S), ZF Friedrichshafen AG (Germany), Continental AG (Germany), BOSCH GmbH (Germany), Eaton Corporation PLC (Ireland), Magna International (Canada), GKN Automotive Limited (U.K), Bharat Gears Limited (India), Linamar Corporation (Canada), and JTEKT Corporation (Japan).

Key Industry Developments

• In January 2023, Inmotive partnered with Suzuki to develop an Ingear 2-speed transmission for electric vehicles. The Ingear technology is an efficient 2-speed transmission that is specially designed for electric vehicles. It replaces the second helical reduction gear with a chain drive morphing sprocket, which resizes during a shift.


• In February 2023, Toyota introduced its GR Corolla, with an eight-speed automatic transmission. The company developed an eight-speed torque-converter automatic transmission with the utilization of a planetary gear set.


• In May 2021, NTN Corporation developed a needle roller and cage assembly to be used for planetary gear with high-speed rotation performance, providing long operating life and more quiet operation of planetary gears that are used in vehicles with automatic transmissions.


• In March 2021, ZF Friedrichshafen AG developed a 2-speed electric drive system that combines a single-speed gearbox with a two-speed gearbox with a two-speed shifting element.