Automotive Gears Market

May 2020| VMR2536A| Verified Market Research

Report Highlights

Automotive Gears Market Size And Forecast

Automotive Gears Market was valued at USD 32.78 Billion in 2018 and is projected to reach USD 49.90 Billion by 2026, growing at a CAGR of 5.4% from 2019 to 2026.

Global Automotive Gears Market Outlook

The Automotive Gears Market is experiencing significant growth owing to the increasing production of the vehicle in response to the rising need from the consumer. In addition, the growing demand for the enhanced user driving experience and vehicle safety concerns are other factors imposing a positive outlook on the market growth. Moreover, the emergence of low carbon footprint technologies is another factor driving the growth of the market. However, the huge cost associated with the advanced gear vehicle system is expected to hamper the market growth.

Global Automotive Gears Market Competitive Landscape

The Global Automotive Gears Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as IMS Gear GmbH, Robert Bosch GmbH, ZF TRW, Dupont, Bharat Gears Ltd., GKN PLC, Showa Corporation, Univance Corporation, RSB and AAM.

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