Global Automotive Gear Market Research Report - Forecast to 2032

Automotive Gear Market Research Report Information By Material (Metallic, Plastic), By Product Type (Planetary, Bevel, Helical, Non-Metallic, Other), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/AM/2077-HCR | 110 Pages | Author: Sejal Akre | March 2024         

Automotive Gear Market Speak to Analyst Request a Free Sample

Automotive Gear Market Overview:


The Automotive Gear market industry is projected to grow from USD 36.07 Billion in 2023 to USD 59.25 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2023 - 2032). Automotive Gear Market Size was valued at USD 33.9 billion in 2022. Increased economic growth, ongoing industrialization, and growing demand for low-carbon-footprint technologies are the key market drivers enhancing market growth.


Automotive Gear Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Automotive Gear Market Trends




  • The rise in demand for automatic transmission (AT) is driving the market growth.




The car gearbox system serves more than just the straightforward function of transmitting engine power to the wheels; it also offers numerous other benefits. Demand for automatic automobile transmissions has increased in the last three years, particularly in growing economies such as India and China. Even though 90% or more of cars and trucks in the U.S. have automatic transmissions. Drivers worldwide are increasingly choosing automatic transmissions, expected to assist the industry and provide strong sales post the COVID-19 pandemic. Increased desire for automatic transmission vehicles can be attributed to the advantages of automatic transmission, which include comfortable driving, efficient fuel use, versatile design, and outstanding performance. According to General Motors Company, demand for automatic transmission systems is expected to increase due to growing environmental concerns and stringent fuel-efficiency norms. This is because fewer automobiles with manual transmissions may be made accessible. Governments worldwide are attempting to increase the sales of fuel-efficient and alternative fuel vehicles through incentives and tax breaks, which are anticipated to increase the market CAGR for automatic vehicle transmission.


Additionally, the Automotive Gear Market is driven mainly by increased vehicle manufacturing and global sales. The market is also driving forward due to growing commercial vehicle sales, including trucks, tractors, and trailers. Lightweight and strong aluminum and composite gears are projected to become more popular, with a considerable market expansion during the forecast period. The necessity for automatic automobile transmission is one of the fastest-growing advancements in the automotive sector, increasing the demand for automobile gear. The development of plastic gears reinforced with carbon fiber is projected to propel the Automotive Gear market revenue market forward over the forecast period.


Automotive Gear Market Segment Insights:


Automotive Gear Material Insights


Based on material, the Automotive Gear Market segmentation includes metallic and plastic. The dominant segment in the Automotive Gear Market is metallic, owing to their high strength and durability, which make them ideal for heavy-duty applications in the automotive industry. Moreover, the rising demand for fuel-efficient and lightweight vehicles has developed advanced metallic gears with even higher performance capabilities. This has further reinforced the position of the metallic segment in the market.


Automotive Gear Product Type Insights


Based on product type, the Automotive Gear Market segmentation includes planetary, bevel, helical, non-metallic, and other. The helical segment dominated the market; the increasing demand for smooth and quiet operation in automotive applications is a key factor driving the growth of the helical gear segment. The helical gear's angled teeth allow more contact between the gears, resulting in smoother and quieter operation than other gear types.


Automotive Gear Vehicle Type Insights


The Automotive Gear Market segmentation, based on vehicle type, includes passenger and commercial vehicles. The passenger vehicle segment dominated the market; the increasing demand for passenger vehicles worldwide and the growth in the production of passenger cars are the key factors driving the dominance of this segment. In addition, the rising per capita income and the increasing urbanization have resulted in a surge in demand for passenger cars, which has further fueled the growth of this segment.


Figure 1: Automotive Gear Market, by Vehicle Type, 2022 & 2032 (USD billion)


Automotive Gear Market, by Vehicle Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Automotive Gear Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific Automotive Gear Market area will dominate this market; a growing need for fuel-efficient cars and lightweight automotive parts. Furthermore, because of their high processing capacity, ample raw materials, and the manufacturers' focus on expanding revenue will boost the market growth in this Region. Moreover, China’s Automotive Gear market held the largest market share, and the Indian Automotive Gear market was the fastest-growing market in the Asia-Pacific region.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Automotive Gear Market Share By Region 2022 (%)


Automotive Gear Market Share By Region 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's Automotive Gear market accounts for the second-largest market share due to the vast consumer base of automobiles in the Region has helped the market of automotive gear to grow, especially in commercial vehicles. The growing car industry in North America offers several opportunities for manufacturers of gear and other vehicle parts. Further, the German Automotive Gear market held the largest market share, and the UK Automotive Gear market was the fastest-growing market in the European Region.


North America is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding awareness of a healthy lifestyle and nutrition and rising per capita disposable income.


Automotive Gear Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the automotive gear market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The automotive gear industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Automotive Gear industry to benefit clients and increase the market sector. In recent years, the Automotive Gear industry has offered some of the most significant medical advantages. Major players in the Automotive Gear market, including Eaton, Linamar Corporation, NSK Ltd, Bharat Gears Ltd, Neapco Inc, Mitsubishi Group, Dana Holding Corporation, Robert Bosch GmbH, ZF TRW, and GKN plc., and others, are attempting to increase market demand by investing in research and development operations.


GKN Ltd is a well-known British multinational company that specializes in manufacturing components for the automotive and aerospace industries. The renovation includes upgrading the training and development center and introducing an innovative showroom. The expansion is part of the company's strategy to grow its presence in the North American market.


Axle & Manufacturing, Inc., located in Detroit, Michigan, specializes in producing driveline and drivetrain components and systems for automobiles. Recently, AAM introduced a new rebate program for its 8.6" gear sets, which are meant for General Motors vehicles with a 10-bolt rear axle. The gear kit includes genuine side and pinion gears that were originally part of the axle when the vehicle was built.


Key Companies in the automotive gear market include



  • BorgWarner (US)

  • Schaeffler (Germany)

  • Eaton (Ireland)

  • Aisin Seiki (Japan)

  • Magna (Getrag) (Canada)


Automotive Gear Industry Developments


August 2015: GKN Sinter Metals, a notable player in the market, has recently revealed the upgraded version of its facility in St Mary's, US. The facility revamp includes substantial refurbishments of the training and development center and a modern innovation showroom, reflecting the company's strategy to expand its presence in the North American market.


November 2014: American Axle & Manufacturing (AAM) has launched a new rebate promotion for its 8.6" gear sets, suitable for several General Motors vehicles equipped with a 10-bolt rear axle. The gear kit includes the original side and pinion gears initially included with the vehicle's axle during production. AAM's initiative to offer this rebate promotion aims to expand its market share and cater to international customers.


Automotive Gear Market Segmentation:


Automotive Gear Material Outlook



  • Metallic

  • Plastic


Automotive Gear Product Type Outlook



  • Planetary

  • Bevel

  • Helical

  • Non-Metallic

  • other


Automotive Gear Vehicle Type Outlook



  • Passenger vehicle

  • Commercial vehicle


 Automotive Gear Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 33.9 billion
Market Size 2023 USD 36.07 billion
Market Size 2032 USD 59.25 billion
Compound Annual Growth Rate (CAGR) 6.40% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Material, Product Type, Vehicle Type, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Eaton, Linamar Corporation, NSK Ltd, Bharat Gears Ltd, Neapco Inc, Mitsubishi Group, Dana Holding Corporation, Robert Bosch GmbH, ZF TRW, and GKN plc
Key Market Opportunities Economic growth and ongoing industrialization, which helps in the production of motor vehicles and other manufacturing output
Key Market Dynamics Growing demand for low-carbon-footprint technologies




Frequently Asked Questions (FAQ) :

The Automotive Gear Market size was valued at USD 33.9 Billion in 2022.

The global market is projected to grow at a CAGR of 6.40% during the forecast period, 2023-2032.

North America had the largest share of the global market

The key players in the market are Eaton, Linamar Corporation, NSK Ltd, Bharat Gears Ltd, Neapco Inc, Mitsubishi Group, and Dana Holding Corporation.

The Helical Automotive Gear category dominated the market in 2022.

The Passenger vehicle had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid