Automotive Gearbox Market Dynamics and Developments by 2031

The Automotive Gearbox Market is expected to register a CAGR of 7.2% during 2023–2031. The rise in focus towards improving the efficiency of automotive gearbox for enhanced performance is likely to remain a key trend in the market.

Automotive Gearbox Market Analysis

• Driver for the automotive gearbox market are upgradation in gear shifting technologies it helps improve fuel efficiency, increase power and torque, and reduce wear and tear on your transmission, technological developments such as dual-clutch transmissions (DCTs), automated manual transmissions (AMTs), and continuously variable transmissions (CVTs) to enhance durability, performance, and fuel efficiency, increasing vehicle production, and emission standards are governmentally promulgated limits on the emission of a pollutant from a process.
• There are limits on the emission of specific gaseous, vapor, and particulate pollutants from any process and on their emission from specific processes. Growing consumer preference towards adoption of electric vehicles and light weighting are the prime opportunity for the automotive gearbox market growth.

Automotive Gearbox Market Overview

• A gearbox, also known as transmission, is a mechanical component that helps to transfer power from the engine to the wheels by using different gear ratios. It is usually located between the engine and the wheels, consisting of several gears, shafts and bearings. Growing consumer preference towards enhanced driving experience and smoother gear shifting are the prime factors support the automotive gearbox market growth. Another major factor supporting the market growth is the increasing demand for lightweight transmission systems.
• The Asia-Pacific will hold largest Automotive Gear Market, Europe is also poised to play an important role and North America is experiencing a huge push toward electric automobiles propelled by widespread adoption of advanced technologies and the dominance of major industry players.

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Automotive Gearbox Market: Strategic Insights

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Automotive Gearbox Market Drivers and Opportunities

The Growth of the Automotive Industry Across the Globe to Favor the Market

• The automotive industry is experiencing steady growth worldwide with increasing vehicle production and sales. As the number of vehicles on the road continues to increase, there is a greater need for emissions testing and compliance. Automotive gearbox are essential tools for automobile manufacturers, service centers and regulators to ensure vehicles meet required manufacturing standards, driving demand for these components.
• As countries around the world pushed towards the rise in adoption of hybrid EVs for reducing carbon emissions and promote sustainability, production and sales of hybrid electric vehicles experienced significant growth. This expansion of the hybrid electric vehicle market created a need for advanced automotive gearbox.

Technological Advancement and the Utilization of Advanced Material in the Production of Automotive Gearbox

• The market offers opportunities for the development of lighter and higher performance materials for use in gearbox. The market growth is expected to be driven by the continued use of advanced materials in the production of gearbox, which include CFRP and graphene produced for automobile gearbox.
• The increasing demand for environmentally friendly and technologically advanced products provides the automotive gearbox industry with an opportunity to produce environmentally friendly gearbox that appeal to the consumer looking for environmentally friendly products.

Automotive Gearbox Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive gearbox market analysis are type and vehicle type.

• Based on type, the automotive gearbox market is divided into manual transmission, automated manual transmission, continuous various transmission, dual clutch transmission, and torque converter.
• On the basis of vehicle type, the market is divided into passenger cars, light commercial vehicle, heavy commercial vehicle.

Automotive Gearbox Market Share Analysis by Geography

• Automotive Gearbox Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Automotive Gearbox Market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the Automotive Gearbox Market in these regions.

Automotive Gearbox Market Regional Insights

The regional trends and factors influencing the Automotive Gearbox Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Gearbox Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Gearbox Market Report Scope

Automotive Gearbox Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Gearbox Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automotive Gearbox Market are:

1. Eaton Corporation
2. BorgWarner Inc.
3. Hyundai Transys
4. Allison Transmission Inc.
5. Jatco Ltd.
6. American Axle & Manufacturing Holdings Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Automotive Gearbox Market News and Recent Developments

The Automotive Gearbox Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automotive Gearbox Market are listed below:

• ZF presented new e-drives for passenger cars and commercial vehicles, Friedrichshafen (Germany). ZF presented the latest generation of electric drives for passenger cars and light commercial vehicles. It sets standards through outstanding power density and energy efficiency. These include the compact design of the drives, the "discrete approach" in power electronics, and a resource-saving use of materials, which also makes the production of the drives more sustainable. (Source: ZF, Company Website, November 2022)
• Power management company Eaton today announced its Vehicle Group is developing gearing solutions for electrified vehicles (EVs). Leveraging its expertise in producing transmissions and contract manufactured gear-sets for passenger and commercial vehicles, the Vehicle Group aims to be a leader in the global design, development, and supply of EV reduction gearing. The new technology complements Eaton’s eMobility power electronics portfolio in the electrified vehicle powertrain market. (Source: Eaton Corporation, Company Website, February 2021)

Automotive Gearbox Market Report Coverage and Deliverables

The “Automotive Gearbox Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive Gearbox Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive Gearbox Market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Automotive Gearbox Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Automotive Gearbox Market
• Detailed company profiles