How big is the Automotive Gears Market?

The Automotive Gears Market size is expected to reach USD 4.70 billion in 2024 and grow at a CAGR of 4.5% to reach USD 5.33 billion by 2029. Read More

What is the current Automotive Gears Market size?

In 2024, the Automotive Gears Market size is expected to reach USD 4.70 billion. Read More

Who are the key players in Automotive Gears Market?

American Axle & Manufacturing Holdings Inc., AmTech International, GKN PLC, Robert Bosch GmbH and Showa Corporation are the major companies operating in the Automotive Gears Market. Read More

Which is the fastest growing region in Automotive Gears Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Gears Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Gears Market. Read More

What years does this Automotive Gears Market cover, and what was the market size in 2023?

In 2023, the Automotive Gears Market size was estimated at USD 4.49 billion. The report covers the Automotive Gears Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Gears Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Gears Market Share

Statistics for the 2023 & 2024 Automotive Gears market share, created by Mordor Intelligence™ Industry Reports. Automotive Gears share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Gears Industry

Some of the major manufacturers in the automotive gear market include American Axle & Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd, GKN PLC, Robert Bosch GmbH, Gleason Plastic Gears, Showa Corporation, and Universal Auto Gears LLP.

In June 2021, JATCO developed a new continuously variable transmission, "CVT-X," for medium and large FWD vehicles with improved environmental performance and drivability. It is said to have achieved more than 90% transmission efficiency, which was considered difficult for a CVT.
ZF announced investing USD 200 million in commercial vehicle transmission manufacturing in North America. In 2023, ZF planned to produce the ZF Powerline 8-speed automatic transmission at the company's state-of-the-art manufacturing facility in Gray Court, SC. In July 2021, ZF secured a nearly USD 6 billion axle contract for the Marysville, Michigan, facility to deliver beam axles and axle drives for pick-up trucks until 2027.
In March 2019, Dana Incorporated announced that it completed the acquisition of the Drive Systems segment of the Oerlikon Group. This acquisition has expanded Dana's technology portfolio, especially in high-precision helical gears for the light- and commercial-vehicle markets.