DUBLIN, Jan. 27, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/32w7qh/automotive_gears) has announced the addition of the "Automotive Gears Market by Application, Product Type, Material, & by Vehicle Type - Global Forecasts to 2020" report to their offering.
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.
Asia-Pacific is the largest market for automotive gears, followed by North America and Europe. The growth of the automotive gears market is fueled by increasing vehicle production, enhanced driving experience in terms of smooth gear shifting and improved acceleration, and increasing installation of automated parts in automobiles.
The automotive gears market has been segmented on the basis of application into transmission system, differential system, steering system, and other automotive applications. The transmission system gears segment is set to grow at the highest CAGR from 2015 to 2020. However, the differential system gears segment is expected to account for the largest market share, in terms of value, in 2015.
The automotive gears market has been segmented on the basis of product type into bevel gear, planetary gears, helical gear, spur gear, hypoid gear, rack and pinion gear, worm gear, and non-metallic gear. Planetary gears are estimated to account for the largest market share, in terms of value, in 2015. This can be mainly attributed to the increasing installation of mechanical components in passenger cars.
The automotive gears market has been segmented on the basis of material type into metallic gears and non-metallic gears. Increasing global vehicle production and enhanced driving experience are the key factors driving the growth of the automotive gears market across all regions.
The Asia-Pacific region is estimated to account for the largest market share, in terms of value, in 2015, with China being a key contributor to the growth of the automotive gears market in the region.
Companies Featured:
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Technology Overview
6 Market Overview
7 Automotive Gears Market, By Material Type
8 Automotive Gears Market, By Application
9 Automotive Gear Market, By Product Type
10 Automotive Gears Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/32w7qh/automotive_gears
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
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