Automotive Gearbox Market: Introduction
The Automotive Gearbox is an important mechanical part of the automotive power train that controls the speed of the flywheel and transmit torque from the engine to the wheels at a specific desired speed. The Automotive Gearbox is utilized to attain different speed range and torque as per the desired requirement of the driver. The number of gears in an Automotive Gearbox varies from three gears to 8 gears depending on the engine RPM and defined torque range of the vehicle. Moreover, the Automotive Gearbox required to be used also depends on the type of vehicle. The Automotive Gearbox is a crucial component to attain vehicle efficiency at the desired level. The Automotive Gearbox market performance directly or indirectly depends on its parent market growth.
Automotive Gearbox Market: Drivers and Challenges
The Automotive Gearbox Market is significantly driven by the automotive production across the globe. Increasing automotive production is anticipated to drive the demand for Automotive Gearbox in near future. Additionally, the consumer preference are changing towards driving experiences along with increased efficiency. The end users are demanding the vehicles with comfortable driving experience along with smooth and easy gear shifting experience. The technological development in the Automotive Gearbox to cater the requirement of the end consumer are estimated to propel the demand for Automotive Gearbox. In recent years, the inclination towards electric vehicle is increasing owing to factors such as stringent emission norms, increased efficiency and adoption of new technology. The electric vehicles are eliminating the need of Automotive Gearbox in the vehicle. Increasing penetration of the electric vehicle is projected to hamper the growth of Automotive Gearbox market. Technological advancements in the Automotive Gearbox for increasing operational as well as fuel efficiency are estimated to create relatively higher market opportunity in the coming years.
Automotive Gearbox Market: Segments
The Automotive Gearbox Market can be segmented on the basis of Product type, Transmission type, Number of gears, Vehicle Type, Sales Channel and region
On the basis of the Product type, the Automotive Gearbox Market can be segmented as:
On the basis of the Number of gears, the Automotive Gearbox Market can be segmented as:
On the basis of the Vehicle Type, the Automotive Gearbox Market can be segmented as:
On the basis of the Sales Channel, the Automotive Gearbox Market can be segmented as:
Automotive Gearbox Market: Regional Outlook
South Asia region is expected to witness high growth in automotive gearbox market over the forecast period owing to rising production and fleet of the vehicle in India and ASEAN countries. Owing to rising globalization and industrialization in the South Asia and East Asia regions, demand for commercial vehicles is estimated to witness significant growth in the coming years. Subsequently, increasing demand for commercial vehicles is estimated to drive the market growth for Automotive Gearbox. Europe region is expected to account for a significant market share in the global market owing to large automotive production capacity. China followed by India and Brazil are estimated to be among the key markets with high growth opportunities for Automotive Gearbox in the near future owing to various factors. Increased purchasing power of consumers has resulted in the boosted demand for automotive which is expected to positively impact the Automotive Gearbox market. Increasing adoption of electric vehicles in North America region is estimated to negatively impact the growth of Automotive Gearbox market.
Automotive Gearbox Market: Key Participants
Examples of some of the market participants in the Automotive Gearbox market identified across the value chain include:
The Automotive Gearbox research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Automotive Gearbox research report provides analysis and information according to market segments such as geographies, application and industry.
The Automotive Gearbox report covers exhaustive analysis on:
Regional analysis includes:
The Automotive Gearbox market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Automotive Gearbox market report also maps the qualitative impact of various market factors on market segments and geographies.