The automotive transmission gears market is expected to grow due to increasing demand for fuel-efficient vehicles and the growing trend of vehicle electrification. The market is driven by factors such as improved transmission efficiency, reduced weight, and increased durability. Additionally, government regulations promoting fuel economy and reduced carbon emissions are expected to boost the adoption of advanced transmission gear technologies. However, the high cost of advanced transmission gears compared to traditional gears may hinder market growth. The automotive transmission gears market is also expected to witness growth due to the increasing demand for electric and hybrid vehicles and the growing automotive industry in developing countries. Overall, the automotive transmission gears market is expected to continue growing in the coming years.
The Global Automotive Transmission Gears Market was valued at US$ 24,356.1Mn in 2021 and is expected to reach US$ 47,538 Mn by 2030, at a CAGR of 8.3% between 2022 and 2030.
Market Players in the Automotive Transmission Gears Industry:
1. American Axle & Manufacturing Holdings Inc.
American Axle & Manufacturing Holdings Inc. is a global automotive supplier founded in 1994 and headquartered in Detroit, Michigan, USA. The company operates in 13 countries, including the United States, Canada, and Mexico. In 2021, the company announced the development of a new e-AAM hybrid and electric driveline system.
2. AmTech International
AmTech International is a global supplier of transmission gears founded in 1997 and headquartered in Detroit, Michigan, USA. The company operates in several countries, including the United States, Mexico, and India. In 2022, the company announced the expansion of its manufacturing capabilities with the acquisition of a new facility in Mexico.
3. Bharat Gears Ltd
Bharat Gears Ltd is a leading manufacturer of automotive transmission gears founded in 1971 and headquartered in Faridabad, India. The company operates in several countries, including India, Germany, and the United States. In 2021, the company announced the launch of a new range of high-precision gears for electric vehicles.
4. Cone Drive
Cone Drive is a global manufacturer of precision motion control products, including transmission gears, founded in 1922 and headquartered in Traverse City, Michigan, USA. The company operates in several countries, including the United States, Germany, and China. In 2022, the company announced the expansion of its product portfolio with the launch of a new series of precision gearboxes.
5. Dynamatic Technologies Limited
Dynamatic Technologies Limited is a global supplier of precision engineering products, including transmission gears, founded in 1973 and headquartered in Bangalore, India. The company operates in several countries, including India, the United States, and Europe. In 2021, the company announced the launch of a new range of lightweight gears for electric and hybrid vehicles.
6. Franz Morat Holding GmbH & Co. KG
Franz Morat Holding GmbH & Co. KG is a global manufacturer of gears and drive systems founded in 1913 and headquartered in Eisenbach, Germany. The company operates in several countries, including Germany, the United States, and China. In 2022, the company announced the expansion of its production capacity with the acquisition of a new manufacturing facility in China.
7. Gleason Corporation
Gleason Corporation is a global supplier of gear production machinery and tools founded in 1865 and headquartered in Rochester, New York, USA. The company operates in several countries, including the United States, Germany, and Japan. In 2021, the company announced the launch of a new series of advanced gear measurement systems.
8. IMS Gear SE & Co. KGaA
IMS Gear SE & Co. KGaA is a leading manufacturer of automotive transmission gears founded in 1863 and headquartered in Donaueschingen, Germany. The company operates in several countries, including Germany, the United States, and China. In 2022, the company announced the development of a new range of lightweight gears for electric vehicles.
9. Robert Bosch GmbH
Robert Bosch GmbH is a global supplier of automotive components and systems founded in 1886 and headquartered in Stuttgart, Germany. The company operates in several countries, including Germany, the United States, and China. In 2021, the company announced the development of a new range of electric powertrain systems for commercial vehicles.
10. RSB Group
RSB Group is a global manufacturer of gears and drivetrain systems founded in 1984 and headquartered in Reggio Emilia, Italy. The company operates in several countries, including Italy, Germany, and the United States. In 2022, the company announced the launch of a new range of high-performance gears for the aerospace industry.
11. Showa Corporation
Showa Corporation is a global supplier of automotive components and systems founded in 1938 and headquartered in Tokyo, Japan. The company operates in several countries, including Japan, the United States, and China. In 2021, the company announced the development of a new lightweight suspension system for electric vehicles.
Read More: Precision Gearbox Industry
*Definition- Automotive transmission gears are components of a vehicle's transmission system that transmit power from the engine to the wheels through a series of gears and shafts.
