The Automotive Transmission Gears Market is estimated to be valued at US$ 38.95 Bn in 2024 and is expected to reach US$ 61.48 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

The automotive transmission gears market has been growing steadily over the past few decades. With rising vehicle ownership worldwide and advances in automotive technology, efficient transmission of power from the engine to the wheels is crucial. Transmission gears play a vital role in transferring the rotational power from the engine crankshaft to the drive wheels or axles. Various types of gearboxes including manual, automatic, automated manual, continuously variable, and dual-clutch transmissions are used across different vehicle segments. Factors such as increasing demand for fuel-efficient and high-performance vehicles along with stringent emission norms are driving automakers to focus on developing sophisticated gearbox technologies. New technologies centered around lightweight materials, reduced friction, and hybrid-electric integration are expected to reshape the automotive transmission gears landscape in the coming years.

Market Dynamics:

The automotive transmission gears market is driven by rising vehicle production globally, stringent fuel efficiency and emission standards, and the growing demand for automatic transmission vehicles. However, increasing adoption of electric vehicles poses a threat to conventional transmission gear demand. Switch to EVs eliminates the need for traditional multi-gear transmissions. At the same time, opportunities lie in developing advanced dual-clutch and continuously variable transmission technologies suitable for hybrid and electric powertrains. Manufacturers are also exploring new materials like aluminum and magnesium alloys to produce lighter gears and improve fuel efficiency.

Key features of the study:

• This report provides in-depth analysis of the global automotive transmission gears market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global automotive transmission gears market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include GKN plc , American Axle & Manufacturing, Inc. , Robert Bosch GmbH , ZF Friedrichshafen AG , Magna International Inc. , Aisin Seiki Co., Ltd. , Showa Corporation , Dana Incorporated , JTEKT Corporation , BorgWarner Inc. , Schaeffler AG , Linamar Corporation, Eaton Corporation plc , Hyundai WIA Corporation , NSK Ltd. , Bharat Gears Ltd. , Univance Corporation , Continental AG , Neapco Holdings LLC , Ricardo plc
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global automotive transmission gears market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive transmission gears market.

Detailed Segmentation-

• By Vehicle Type
  • Passenger vehicle
  • Commercial vehicle
• By Gear Type
  • Planetary
  • Bevel
  • Rack & Pinion
  • Hypoid
  • Worm
  • Helical
•  By Application
  • Transmission
  • Differential
  • Steering System
  • Other
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • GKN plc
  • American Axle & Manufacturing, Inc.
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
  • Magna International Inc.
  • Aisin Seiki Co., Ltd.
  • Showa Corporation
  • Dana Incorporated
  • JTEKT Corporation
  • BorgWarner Inc.
  • Schaeffler AG
  • Linamar Corporation
  • Eaton Corporation plc
  • Hyundai WIA Corporation
  • NSK Ltd.
  • Bharat Gears Ltd.
  • Univance Corporation
  • Continental AG
  • Neapco Holdings LLC
  • Ricardo plc