Automotive Gear Market 2018
Automotive Gear Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Automotive Gear Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Automotive Gear Market, By material (metallic and plastic) By product type (Planetary, Bevel, Helical, Non-Metallic and other), By vehicle type (Passenger vehicle, Commercial vehicle) and Region - Forecast 2016-2023.
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Global Automotive gear market was valued at USD 28.40 Billion in 2015 and is projected to grow at a CAGR of 6.4% during the forecast period.
Market Scenario:
The high demand for automotive gears is due to the growth in the automotive industry. An automotive gear helps give an automobile, a smooth start to and allows the outer wheel to rotate faster than the inner wheel for safer turns. Smooth gear shifting enhances the driving experience as well as the growing demand for low-carbon-footprint technologies fuels the growth of the global automotive gears market. Moreover, rising disposable incomes and vehicle-ownership boosts the market growth. Lightweight and highly durable aluminum and composite gears are estimated to gain higher popularity during the forecast period. Focus towards high-quality products & the changing lifestyle of consumers and increasing spending power, enhance the growth of the gear market for automotive sector.
Industry/ Innovation/ Related News:
October, 2014 - Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker announced today that Linamar North Carolina, Inc., is expanding operations in Buncombe County. The company plans to create 150 new jobs and invest $115 million over the next several years in Arden, near Asheville.
January, 2018– 3M introduces 3M Trizact 5000 Sanding Discs and Hand Sheets. The 3M Trizact 5000 Sanding Discs and Hand Sheets are an innovation that changed the process for paint repair and gave painters better results and improve cycle time and customer satisfaction.
Automotive Gear Market – Segmentation
The Global Automotive Gear Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material : Comprises metallic and plastic.
Segmentation by Product Type : Comprises Planetary, Bevel, Helical, Non-Metallic and other
Segmentation by Vehicle Type : Comprises Passenger vehicle, Commercial vehicle
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Study Objectives of Automotive Gear markets Market.
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of theautomotive gear market.
- To provide insights about factors affecting the market growth.
- To analyze the automotive gear markets market based on tools such as Porter’s Five Forces Analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North America, Europe, Asia, and Rest of the World (ROW) and their countries.
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by material, product type, vehicle type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the automotive gear market.
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