The Automotive Transmission Gears Market is estimated to be valued at US$ 28567 Mn in 2023 and is expected to exhibit a CAGR of 8.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview
Automotive transmission gears are critical components used in vehicles to transfer power from the engine to the wheels through various stages of gear ratios for optimal performance and efficiency. The growing automotive production is fueling the demand for automotive transmission gears globally.

Market key trends:
One of the key trends garnering traction in the automotive transmission gears market is the development of advanced transmission technologies to improve vehicle performance and fuel efficiency. With stringent emission norms and rising consumer demand for high-performance vehicles, OEMs are focusing on innovations in transmission systems. Major automakers are heavily investing in continuous variable transmission (CVT) and dual-clutch transmission (DCT) technologies equipped with more number of gears to offer smooth gearshifts and optimal torque delivery. DCT transmission in particular is gaining popularity as it delivers automatic convenience with manual control andSportiness. The increasing adoption of advanced transmissions including CVTs and DCTs is expected to propel the demand for specialized transmission gears through 2030.

SWOT Analysis
Strength: The automotive transmission gears market has strong demand for durable and efficient transmission systems from the automotive industry. Manufacturers focus on advanced engineering and quality control to produce robust gears.
Weakness: Increased electric vehicle adoption poses a threat to demand for traditional transmission gears. Production of gears involves complex manufacturing processes requiring large investments.
Opportunity: Growth in commercial vehicle production in emerging markets like India and China offers scope for transmission gear suppliers to expand. Development of lighter weight and more fuel efficient transmission technologies presents new opportunities.
Threats: Strict emission regulations worldwide increase pressure on automakers to shift to electric mobility faster, impacting demand. Supply chain disruptions and rising raw material costs pose threats.

Key Takeaways

The Global Automotive Transmission Gears Market Demand is expected to witness high growth, exhibiting CAGR of 8.3% over the forecast period, due to increasing vehicle production worldwide. Growth in commercial vehicle production in Asia Pacific and Central and South America will drive demand for transmission gears.

Regional analysis
The Asia Pacific region dominates the global automotive transmission gears market and is expected to grow at a high CAGR during the forecast period. Countries like China, India, and Japan are major automobile markets in the region resulting in increasing demand for transmission gears. Europe and North America also hold significant shares in the market due to high vehicle ownerships.

Key players
Key players operating in the automotive transmission gears market include American Axle & Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd, Cone Drive, Dynamatic Technologies Limited, Franz Morat Holding GmbH & Co. KG, Gleason Corporation, IMS Gear SE & Co. KGaA, Robert Bosch GmbH, RSB Group, Showa Corporation, UAG LLP, and ZF Friedrichshafen AG. These players focus on expanding their manufacturing facilities and developing advanced technologies to reinforce their market position.

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