Automotive Gears Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Gears Market is Segmented by Position (Skew Shaft Gears, Intersecting Shaft Gears, Parallel Shaft Gears), Material (Ferrous Metals, Non-ferrous Metals, Other Materials (Composites and Plastics)), Application (Steering Systems, Transmission Systems, Differential Systems), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa).

Market Snapshot

automotive gears market
Study Period:

2018 - 2026

Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific


>5.5 %

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Market Overview

The automotive gears market is anticipated to register a CAGR of over 5.5% during the forecast period (2020-2025).

Gears are a significant component in automotive systems. The gears market growth is directly related to vehicle sales.

In the automotive market, a shift toward more expensive, energy-efficient units, such as seven and eight-speed automatic transmissions, may contribute to value gains. Additionally, sales of gears used in several relatively small but fast-growing applications, such as wind and solar power, are expected to increase significantly.

However, various factors are restraining the growth of the gear market, such as the growing demand for electric vehicles, due to rising emission regulations. The electric vehicles have minimal use of gears. The overall number of gears used is significantly less, due to fewer transmission systems, lesser use of differentials, and near elimination of gearboxes.

Asia-Pacific is likely to lead the automotive gears market, as the region is a major vehicle producer, followed by Europe and North America, respectively. Nevertheless, vehicle production around the world is declining due to the economic crisis, recent US-China trade conflicts, and on-going COVID-19 pandemic. The automotive gears market is expected to witness a decline throughout 2020, and a reduction in Y-o-Y growth rate in 2021.

Scope of the Report

The automotive gears market is segmented by position (skew shaft gears, intersecting shaft gears, and parallel shaft gears), material (ferrous metals, non-ferrous metals, and other materials (composites and plastics)), application (steering systems, transmission systems, and differential systems), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa).

By Position
Skew Shaft Gears
Hypoid Gears
Worm Gears
Intersecting Shaft Gears
Straight Bevel Gears
Spiral Bevel Gears
Parallel Shaft Gears
Spur Gears
Rack and Pinion Gears
Herringbone Gears
Helical Gears
By Material
Ferrous Metals
Non-ferrous Metals
Other Materials (Composites and Plastics)
By Application
Steering Systems
Differential Systems
Transmission Systems
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Latin America
Rest of South America
Middle-East and Africa
United Arab Emirates
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand of Electric Vehicle Hindering the Growth of the Automotive Gears Market

The electric vehicle market is rapidly growing across the world. The electric vehicle sales in Europe have significantly increased by 47% in the first quarter of 2018, in comparison to the first quarter of 2017. By 2040, nearly 54% of the new car sales and 33% of the global car fleet are likely to be electric. To meet the electric vehicle sales target, the European government has already started various projects for building charging infrastructure across the region.

The global and regional manufacturers of electric vehicles are innovating with new technologies and are expanding their services across the world. For instance:

  • China's BYD has built up an extensive production network in Europe that has mostly gone unnoticed in the passenger car market. Some of the primary reasons for this are the firm's new plant in Hungary, its planned plant in France, and its joint venture operations in the United Kingdom, all of which are manufacturing electric buses.
  • Daimler has teamed up with the Chinese government for promoting e-mobility in China. Electric mobility is one of the major pillars of Daimler's future mobility strategy. The company is bringing this strategy forward globally, especially in China, the world's largest NEV market.

The electric vehicles have minimal use of gears. The overall number of gears used is significantly less due to fewer transmission systems, lesser use of differentials, and almost near elimination of gearboxes.

Automotive Gears Market_Segment

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Asia-Pacific is Dominating the Automotive Gears Market

  • Asia-Pacific dominated the automotive gears market, with China being a key contributor to the growth of the market studied. Asia-Pacific is the leading market for automotive gear. With the increasing vehicle production in countries, such as India and China, as well as the manufacturers’ focus on increasing production capacity, the demand for the automotive gear is anticipated to grow significantly in the future. The low penetration of automobiles and infrastructure development in emerging nations has increased the demand for personal transportation and commercial vehicles.
  • Additionally, the increasing need for fuel-efficient vehicles and lightweight automotive parts are the two factors driving the growth of the market. Europe and North America are mature markets for the automotive gear, with the former holding the second-largest market share, followed by Asia-Pacific.
Automotive Gears Market_Geography

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Competitive Landscape

Some of the major manufacturers in the automotive gear market include American Axle & Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd, GKN PLC, Robert Bosch GmbH, Gleason Plastic Gears, Showa Corporation, and Universal Auto Gears LLP, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Position

      1. 5.1.1 Skew Shaft Gears

        1. Hypoid Gears

        2. Worm Gears

      2. 5.1.2 Intersecting Shaft Gears

        1. Straight Bevel Gears

        2. Spiral Bevel Gears

      3. 5.1.3 Parallel Shaft Gears

        1. Spur Gears

        2. Rack and Pinion Gears

        3. Herringbone Gears

        4. Helical Gears

    2. 5.2 By Material

      1. 5.2.1 Ferrous Metals

      2. 5.2.2 Non-ferrous Metals

      3. 5.2.3 Other Materials (Composites and Plastics)

    3. 5.3 By Application

      1. 5.3.1 Steering Systems

      2. 5.3.2 Differential Systems

      3. 5.3.3 Transmission Systems

        1. Manual

        2. Automatic

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. Brazil

        2. Argentina

        3. Mexico

        4. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. United Arab Emirates

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 American Axle & Manufacturing Holdings Inc.

      2. 6.2.2 AmTech International

      3. 6.2.3 Bharat Gears Ltd

      4. 6.2.4 Cone Drive

      5. 6.2.5 Dynamatic Technologies Limited

      6. 6.2.6 Franz Morat Group

      7. 6.2.7 GKN PLC

      8. 6.2.8 Gleason Plastic Gears

      9. 6.2.9 IMS Gear SE & Co. KGaA

      10. 6.2.10 Robert Bosch GmbH

      11. 6.2.11 RSB Global

      12. 6.2.12 Showa Corporation

      13. 6.2.13 Taiwan United Gear Co. Ltd

      14. 6.2.14 Universal Auto Gears LLP

      15. 6.2.15 ZF Friedrichshafen AG


**Subject to Availability

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Frequently Asked Questions

The Automotive Gears Market market is studied from 2018 - 2026.

The Automotive Gears Market is growing at a CAGR of >5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • American Axle & Manufacturing Holdings Inc.
  • AmTech International
  • Robert Bosch GmbH
  • Showa Corporation

Are the major companies operating in Automotive Gears Market.

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