Fact.MR recently published a research study on automotive gear market for the forecast timespan of 2018 to 2028. The report on automotive gear market provides cumulative insights and a holistic analysis of the overall automotive gear market landscape. The report on automotive gear market also analyzes diverse perspectives of the automotive gear market by making use of industry validated methodologies. Furthermore, the report on automotive gear market identifies latest developments and key differential strategies employed by the market players of automotive gear market.
"Efforts of leading players in the automotive gear market to improve transmission efficiency, and achieve highly responsive gear changes, have resulted in developmental initiatives to curtail mechanical loss, improve shift tracking, and adopt a broader gear spectrum. Such efforts are further leading to smooth driving experience, while retaining fuel efficiency, thereby improving performance in comparison to conventional transmission systems. Adoption of launch gears is being viewed as a viable approach for improving efficiency and improving ratio spread of automotive gear, devoid of performance deterioration. Realization of best-in-class gear shift speed ratio is a key focus area among established players in the automotive gear market," says a lead analyst at Fact.MR.
In a bid to reap dividend from the innovations, pertinent players are heavily focusing on global expansion through strategic partnerships and agreements with budding players. Of late, GKN Plc inked an agreement with Kawasaki Heavy Industry to provide LPC vanes for GTF engines; Eaton Corporation Plc entered into a joint venture agreement with Shaanxi Fast Gear to manufacture manual transmissions for light weight vehicles.
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Segmentation
The report on automotive gear market has been segmented based on product type, vehicle type, material type, sales channel, application, and region. By product type, the automotive gear market has been classified into worm gears, bevel gears, spur gears, helical gears, rack and pinion gears, planetary gears, hypoid gears, and others. By vehicle type, the automotive gear market has been classified as passenger cars, LCV, trucks, buses, off-road vehicles, and two-wheelers. By material type, the automotive gear market has been classified as metallic and non-metallic. By application, the automotive gear market has been segmented into engine, drive shaft, transmission, differential, steering system, and others. By sales channel, the sales and distribution in the automotive gear market is carried out through OEM and aftermarket. The automotive gear market has been gauged across North America, Latin America, Europe, CIS and Russia, Japan, APEJ, and MEA.
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Automotive Gear Market: Overview
The report provides a coherent analysis on the automotive gear market which is backed up by qualitative and quantitative analysis. Additionally, the report delves into the happenings surrounding the market that have considerable impact on the growth of the Automotive gear market, incorporating drivers, opportunities, trends and restraints. Further, the report elucidates segregation of the market to offer a robust analysis of the market.
Tier 3 Players Account for Over 60% Share in the Automotive Gear Space
The automotive gear market is a highly fragmented landscape, which can be ascertained from the fact that tier 3 players account for over 60% revenue share of the market. With a large-scale presence across the automotive gear space, the tier 3 players will consistently rely on small and local businesses, on the back of numerous cost benefits. The tier 3 players in the automotive gear market are majorly focusing on expansion of production facilities and introducing warehousing facilities to offer just-in-time deliveries as per customer-specific requirements.
Automotive Gear Market: Competitive Landscape
The coherent assessment of competitive scenario of the automotive gear market is propelled by assessment of Porters’ Five Force Analysis. As such, the Porters’ Five Force Analysis sheds light into the likely strategies of the leading players in the automotive gear market. Additionally, the report also delves into company profile, SWOT analysis, product portfolio, recent development and strategic approach.
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