Automotive Gearbox Market Scope
Automotive Gearbox is also known as a transmission. It is a pack of gears used to control high operating and idling speeds. The gearbox is classified into four types: sliding mesh gearbox, constant mesh gearbox, synchromesh gearbox, and epicyclic gearbox. different transmission technology is called common type including manual transmission, semi-automatic transmission, and automatic transmission, and uncommon types include dual-clutch transmission, continuously variable transmission, infinitely variable transmission, and electric variable transmission, among others. Increasing demand for robust, noise-free gearbox for commercial and passengers and growing demand for such vehicles give drive to the automotive gearbox market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | NGC (China), ZF (Germany), Punch Powertrain (Belgium), Advanced (China), Flender (Germany), Bonfiglioli (Italy), Nord (Germany), ZF Friedrichshafen (Germany), Schaeffler (Germany), Borgwarner (United States) and Eaton (Ireland) |
CAGR | % |
Automotive gearbox market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
NGC (China), ZF (Germany), Punch Powertrain (Belgium), Advanced (China), Flender (Germany), Bonfiglioli (Italy), Nord (Germany), ZF Friedrichshafen (Germany), Schaeffler (Germany), Borgwarner (United States) and Eaton (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Allison Transmission (United States), Continental (Germany), Magneti Marelli (Italy), Hyundai Dymos (South Korea) and Aichi Machine Industry (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automotive Gearbox market by Type , by Application (Passenger Cars, LCVs, Trucks, Buses, Tractors and Others) and Region with country level break-up.
On the basis of geography, the market of Automotive Gearbox has been segmented into 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In February 2020, Punch Group and General Motors acquired GM’s propulsion engineering center in Turin. Under this acquisition Punch Group reposition the company with development of new market segments and provide engineering services to GM. this acquisition helped company to strengthened its position in Automotive Gearbox
In November 2021, Nanjing High Speed & Accurate Gear Group Co., Ltd subsidiary of the NGC Group partnered with Hangzhou Huaxin Electromechanical Engineering Co., Ltd, a subsidiary of Zhuzhou Tianqiao Crane Co., Ltd. Wang Zhengbin. This partnership helped NGC to expand its position in automotive gearbox market
Influencing Trend:
Rising Demand for Passenger Car
Market Growth Drivers:
Increasing Demand of Robust, Noise Free Gear Box and Growing Demand for Carbon-Steel Alloy Material Gearbox
Challenges:
Increasing Demand of Environmentally Friendly Factories, Rising Challenges in Designing Gearbox Due to Its Complex Formation and Lack of Skilled Workforce
Restraints:
High Cost of Manufacturing and Increasing Number of Electric Cars
Opportunities:
Increasing technical advancement such as manufacturers focus on designing asymmetric gears for complex machine movements
Key Target Audience
Automotive Gearbox Manufacturers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others