Market Trends of Automotive Gears Industry
Parallel Gear Shaft is Expected to Dominate the Market during Forecast Period
Parallel shaft gear motors, also called parallel shaft gearboxes, feature a design in which the input and output shafts are parallel but offset.
This design allows for higher torque capacity and a more comprehensive range of gear ratios than concentric gearboxes, making them suitable for applications that require higher torque and speed capabilities.
A parallel shaft gear motor refers to the position where the gearbox reducer’s output shaft sits. If the motor shaft and the speed reducer output shaft are on parallel planes, it is considered a “parallel shaft.” This position, coupled with the inline positioning, enables the gear motor to succeed in limited-space areas. Compact size leads to less weight, less sound, less vibration, and a happy customer experience.
In many engine systems, parallel shafts are used for power transmission between components. For example, in an internal combustion engine, one shaft may be connected to the crankshaft to transmit power from the pistons. In contrast, the other shaft may be connected to the camshaft to control valve timing and operation.
Parallel shafts can be utilized for balancing purposes in engines. By rotating two counter-rotating masses on parallel shafts, the engine can achieve dynamic balance, reducing vibrations and improving the overall smoothness of operation. This is commonly employed in specific engine configurations, such as boxer engines.
Asia-Pacific is Expected to Dominate the Market During the Forecast Period
Asia-Pacific is likely to dominate the automotive gears market, with China being a key contributor to the market's growth. Asia-Pacific is the leading market for automotive gear. With the increasing vehicle production in countries such as India and China and the manufacturers' focus on increasing production capacity, the demand for automotive gear is anticipated to grow significantly. For instance, according to several reports, China is expected to sell 80 million internal combustion engines annually in the coming years as these IC vehicles are still occupying the dominant share.
Additionally, the increasing need for fuel-efficient vehicles and lightweight automotive parts drive the market's growth. In addition, lightweight and highly durable aluminum and composite gears are estimated to gain higher popularity during the forecast period. For instance, NORD launched the SK 920072.1 two-stage helical bevel gear motor (mounted with a NORD motor), a drive solution for a wide range of light-duty conveying, processing, and manufacturing applications. It is identified by its high-strength and lightweight design.
The factors above and developments across various countries in Asia-Pacific are expected to enhance the market's growth during the forecast period.
