Automotive Transmission Gears Market, 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 Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2025

Code : CMI4992

Pages :170

Formats :

Excel and PDF

Industry : Automotive and Transportation

Automotive Transmission Gears Market Size and Trends

The Automotive Transmission Gears Market is estimated to be valued at US$ 41.64 Bn in 2025 and is expected to reach US$ 66.47 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.9% from 2025 to 2032.

Automotive Transmission Gears Market Key Factors

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The automotive transmission gears market is expected to witness a positive growth trend over the forecast period. The increasing demand for fuel-efficient and high-performance vehicles is expected to drive the demand for efficient automatic transmission systems. Along with this, the rising preference for luxury vehicles and SUVs equipped with advanced gear systems is also contributing to the growth of the automotive transmission gears market. However, the increasing adoption of electric vehicles (EVs) which do not require conventional transmission systems is expected to pose a challenge to the market. With technological advancements, manufacturers are developing novel lightweight materials and complex gear designs to deliver enhanced efficiency. This is further expected to offer lucrative opportunities for the market in the coming years.