AMA Research, a global market research and consulting organization, have released a new study titled "Automotive Gears market - Global outlook to 2030".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Automotive Gears market to grow at a CAGR of 6.2% to aggregate USD46.25 Billion by 2030.

The Material Type, such as Metallic Gears, is boosting the Automotive Gears market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to Analyst at AMA Research, the Global Automotive Gears market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Increasing Vehicle Production, Enhanced Driving Experience In Terms Of Smooth Gear Shifting & Improved Acceleration and Growing Demand For Low Carbon Footprint Technologies”.
 

Automotive gear is also known as gear wheel is a rotating machine part having cut teeth, or cogs, which mesh with another toothed part in order to transmit torque. Two or more gears working in tandem are termed a transmission and can produce a mechanical advantage through a gear ratio and thus may be considered a simple machine. Geared devices can change the speed, magnitude as well as direction of a power source. The demand for the automotive industry is on the rise thereby, the automotive gears market is expected to achieve significant growth during the forecast period.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automotive Gears market by Type (Spur Gears, Helical Gears, Bevel Gears, Rack & Pinion Gears, Worm Gears, Planetary Gears, Hypoid Gears and Non-Metallic Gears), by Application (Transmission System, Differential System, Steering System and Other Automotive Gears) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market