The gearbox is the second element of the power train in an automobile. It is used to change the speed and torque of vehicle according to variety of road and load condition.
Market Analysis and Insights: Global Automotive Gearbox Market
Due to the COVID-19 pandemic, the global Automotive Gearbox market size is estimated to be worth US$ 93830 million in 2022 and is forecast to a readjusted size of US$ 108180 million by 2028 with a CAGR of 2.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 3–5 accounting for % of the Automotive Gearbox global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Cars segment is altered to an % CAGR throughout this forecast period.
Asia Pacific is estimated to be the largest market for automotive gearbox, in terms of value. The Asia Pacific region is estimated to be the most promising market for automotive gearbox in the next five years due to strong growth in the passenger car sales year on year. Demand in the developing countries such as India and China is driving the growth of the market in the region.
Global Automotive Gearbox Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automotive Gearbox Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
3–5
6–8
Above 8
Segment by Application
Passenger Cars
LCVs
Trucks
Buses
By Company
ZF Friedrichshafen
Aisin Seiki
Magna (Getrag)
Schaeffler
Borgwarner
Eaton
Allison Transmission
Continental
Jatco
Magneti Marelli
GKN
Bonfiglioli
Hyundai Dymos
Oerlikon Graziano
Punch Powertrain
Tremec
Avtec
Aichi Machine Industry
Fuji Machinery
Hewland
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina