Automotive Gears Market worth 38.27 Billion USD by 2020 - PowerPoint PPT Presentation

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Automotive Gears Market worth 38.27 Billion USD by 2020

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Automotive Gears Market by Application (Transmission, Differential, Steering System, Other), Product Type (Planetary, Bevel, Rack & Pinion, Hypoid, Worm, Helical, Non-Metallic), Material (Metallic, Non-Metallic), & by Vehicle Type - Global Forecasts to 2020 – PowerPoint PPT presentation

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Title: Automotive Gears Market worth 38.27 Billion USD by 2020


1
MarketsandMarkets Presents

Automotive Gears Market worth 38.27 Billion USD
by 2020
https//www.marketsandmarkets.com/Market-Reports/a
utomotive-gears-market-198728104.html
2
The report "Automotive Gears Market by
Application (Transmission, Differential, Steering
System, Other), Product Type (Planetary, Bevel,
Rack Pinion, Hypoid, Worm, Helical,
Non-Metallic), Material (Metallic, Non-Metallic),
by Vehicle Type - Global Forecasts to 2020",
The global automotive gears market is projected
to grow at a CAGR of 6.1 from 2015 to
2020. The market is estimated to be USD 28.47
Billion in 2015 and is projected to reach USD
38.27 Billion by 2020. Smooth gear shifting
(which enhances the driving experience) and the
growing demand for low-carbon-footprint
technologies are some of the key drivers fueling
the growth of the global automotive gears
market. Get The PDF Brochure For This Report
https//www.marketsandmarkets.com/pdfdownloadNew.
asp?id198728104 Browse more than 78 market
data tables with 46 figures spread through 144
Pages and in-depth TOC on "Automotive Gears
Market
https//www.marketsandmarkets.com/Market-Reports/a
utomotive-gears-market-198728104.html
3
Planetary gears A promising market. Planetary
gears are estimated to dominate the global
automotive gears market, in terms of value, in
2015. Planetary gear systems are used in various
automotive applications, including transmission
and differential systems. The growth of planetary
gears can also be attributed to the growing
demand for low-carbon-footprint technologies, as
these gear systems enable the vehicles engine to
run at an optimum level, thereby reducing engine
losses that may result from friction and
lubrication. Asia-Pacific Largest market for
automotive gears Asia-Pacific accounted for the
largest share of the global automotive gears
market in 2015. The region generates high demand
for vehicles with advanced features. OEMs are
subsequently increasing production capacity and
expanding technical centers to meet the demand
for these vehicles. The automotive industry in
Asia-Pacific has witnessed a year-on-year
increase in sales. The region is the leading
producer of automobiles in the world.  Request
Sample of the report https//www.marketsandmarket
s.com/requestsampleNew.asp?id198728104
4
North America is estimated to constitute the
second-largest automotive gears market, by value,
in 2015. The region is dominated by domestic OEMs
such as Ford Motors Co. (U.S.), General Motors
Co. (U.S.), and Fiat-Chrysler Automotive (U.S.).
The U.S. alone has 32 manufacturing facilities
dedicated to vehicle production. The large
customer base and high disposable income of
end-users have fueled the demand for vehicles in
the country, which has resulted in increased
manufacturing activities by local automotive
OEMs. The growing North American automotive
market represents several opportunities for
manufacturers of automotive gears and other
automotive parts. The report analyzes all major
players in the automotive gears market, including
Robert Bosch GmbH (Germany), GKN plc (U.K.),
Showa Corporation (Japan), Bharat Gears (India),
and ZF TRW (U.S.), along with numerous local
players. Speak to Analyst _at_ https//www.marketsan
dmarkets.com/speaktoanalystNew.asp?id198728104
5
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https//www.marketsandmarkets.com/Market-Reports/a
utomotive-gears-market-198728104.html
6
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