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Gear Box Housing Market Segmented By product type such as Cast Iron, Aluminium, Others (Alloys & Composite Materials) with locomotive type such as Two Wheelers, Passenger Cars, LCVs, HCVs, Ships and Aviation
Gearbox housing has a noteworthy impact on the running of a vehicle engine since it helps in the proper transmission of energy from engine components to the driven parts. It is a component that surrounds the gears and engine so as to protect them. Gear box housing plays a significant role in providing safety as it assists in power transmission as well as provides mechanical protection to the gear assembly.
Without the use of gear box housing, the engine system assembly would not be safe for proper operation. The chief function of a gearbox housing is to offer support to the moving components, provide a leak proof & fluid tight container to hold the engine oil or lubricant and protect against impurities from the environment.
Regular cleaning and servicing of the gear box housing is imperative for every automobile and machine to ensure safe operation as well as proper functioning in the equipment. Materials used in the construction of gearbox housing are cast iron or aluminium and the methods of construction can be shell or permanent moulding.
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The numerous advantages of gear box housing, coupled with the capability to transfer power effectually, are considered to be significant growth drivers for the global gear box housing market. The market is becoming healthier for competition and this is a positive factor influencing automotive component manufacturers.
Growth of technology and automation in the manufacturing and supply of all vehicle types (Two Wheelers, PCs, LCVs, & HCVs) has further increased the attractiveness of gear box housing among consumers and end use industries. Prominent market players are trying to develop strong and long lasting gearbox housings for all vehicle types, which can be used efficiently and can sustain load depending on the operation of the vehicle or machine.
Advancement in material science technologies in manufacturing industries has enabled them to use new materials, such as alloys of steel and aluminium, which make the gear box housing relatively more strong and durable under extreme load conditions. Through process research & development and product innovation in advanced telematics systems, manufacturers have significantly improved their response time for custom requirements from clients.
This trend is expected to gain traction across the global market and create a tremendous opportunity in the near future and, in turn, fuel market growth for gear box housing.
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North America and Europe have plentiful natural resources and a stronghold of manufacturing industries, which will drive the demand for gear box housings in these regions. APAC countries are projected to significantly assist growth of the global gear box housing market over the forecast period.
Countries, such as China, India and Japan, where the automotive industry is flourishing are expected to contribute prominently to the growth of the gearbox housing market over the forecast period. The gearbox housing market is expected to grow in the near future, owing to significant macro-economic factors, such as growth in industrialization and urbanization and growth of the locomotive industry.
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Some of the examples of market participants in the global gear box housing market, identified across the value chain are:
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