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Automotive Gears Marketdriven by Increasing Vehicle Production
The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015 to 2020.
According to the market research report Automotive Gears Market by Application (Transmission, Differential, Steering System, Other), Product Type (Planetary, Bevel, Rack & Pinion, Hypoid, Worm, Helical, Non-Metallic), Material (Metallic, Non-Metallic), & by Vehicle Type — 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. In this study, 2014 has been considered as the base year, and 2015 to 2020, the forecast period for estimating the market size of automotive gears. The study segments the market on the basis of application, vehicle type, product type, material type, and region.
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The average number of automotive gears that are incorporated in each vehicle category has been identified and multiplied by vehicle production numbers to obtain the country-level automotive gears volume to arrive at the market size, in terms of volume, for automotive gears. This country-wise market size, in terms of volume, for each vehicle type is then multiplied with the country-wise average OE price (AOP) of automotive gears required for each application. This results in the country-wise market size, in terms of value. The summation of the country-wise market provides the regional market and further summation of the regional market provides the global automotive gears market.
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Objectives of the Study
- To provide a detailed analysis of various forces acting in the automotive gears market (drivers, restraints, opportunities, and challenges)
- To analyze the regional markets for growth trends, future prospects, and their contribution to the overall market
- To segment the automotive gears market and forecast the market size, in terms of volume (000 units) and value (USD million), for major regions-namely, Asia-Pacific, Europe, North America, and the Rest of the World (RoW)
- To segment the automotive gears market and forecast the market size, in terms of volume (000 units)and value (USD million), based on vehicle type (passenger cars, LCVs, and HCVs)
Browse and in-depth TOC on Automotive Gears Market
78 — Tables
46 — Figures
144 — Pages
Target Audience of Automotive Gears Market
- Manufacturers of automotive gear systems
- Dealers and distributors of automotive gear systems
- Industry associations
- Investment firms
- Equity research firms
- Private equity firms
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Automotive Gears Market Key Players
The report analyzes all major players in the automotive gears market, including Robert Bosch GmbH (Germany), GKN plc (U.K.), Showa Corporation (Japan), Bharat Gears (India), and ZF TRW (U.S.), along with numerous local players.
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