0

Automotive Differential Gear Market by Vehicle Type and Geography - Global Forecast and Analysis 2019-2023

  • Published: Sep 2019
  • Pages: 142
  • SKU: IRTNTR32068
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The global automotive differential gear market has the potential to grow by USD 4.08 billion. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of around 4%.

Rising consumer preference for AWD and FWD vehicles and the use of 3D printing in gear manufacturing are some of the major factors driving market growth. China, the US, and Japan are currently the major markets for automotive differential gears.

Automotive Differential Gear Market Report - Key Insights

Automotive-Differential-Gear-Market-Overview

Scope of the Report

The report provides a detailed analysis of the market by vehicle type and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.

Automotive-Differential-Gear-Market-Report-Scope

Browse TOC and LoE with selected illustrations and example pages from automotive differential gear market report

Request a FREE sample now!

Market Segmentation

Automotive Differential Gear Market by Vehicle Type

  • Passenger cars
  • Commercial vehicles

Automotive Differential Gear Market by Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Automotive-Differential-Gear-Market-Report

Market Competitive Analysis

The automotive differential gear market is fragmented, and the degree of fragmentation will increase during the forecast period. Vendors are using alternative lightweight composites in the manufacturing process to develop high-performance vehicle components within specified weight constraints. American Axle & Manufacturing Inc., AmTech International, and Bharat Gears Ltd. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, volatility in raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The report provides information on the production, sustainability, and prospects of several companies, including:

  • American Axle & Manufacturing Inc.
  • AmTech International
  • Bharat Gears Ltd.
  • Dana Ltd.
  • Eaton Corp. Plc
  • JTEKT Corp.
  • Linamar Corp.
  • Melrose Industries Plc
  • Meritor Inc.
  • Showa Corp.

Automotive Differential Gear Market: Key Drivers and Trends

AWD and FWD vehicles effectively distribute power to wheels with higher traction in high-performance vehicles, thereby improving stability and reducing excessive wear and tear of tires. Vehicles equipped with AWD and FWD technologies have an axle fitted with differential box and a transfer case to split power equally among the front and rear axles. Automobile manufacturers are increasingly offering AWD and FWD variants in their vehicles because of the growing consumer preference for such vehicles. For example, Kia Motors recently launched the Telluride SUV for the US market. The vehicle features AWD lock mode which enables the driver to choose between AWD and two-wheel-drive modes. The increasing sales and the launch of vehicles equipped with AWD and FWD technologies is expected to drive global automotive differential gear market growth.

  • The use of 3D printing in gear manufacturing will also influence market growth.
  • Vehicle manufacturers are focusing on developing lightweight, efficient, and cost-effective components because of the need to comply with stringent emission norms.
  • Vendors are adopting additive manufacturing technologies to develop 3D objects from computer-aided design models. This eliminates the wastage of raw materials, thereby reducing overall manufacturing costs.
  • The use of 3D technology is allowing gear manufacturers to develop differential gears with advanced designs and material compositions.
  • Gear manufacturers are using advanced materials in additive manufacturing to improve ductility, wear resistance, toughness, and fatigue strength in differential gears.
  • As a result of automotive differential gear market trends such as the use of 3D printing, the market will register a CAGR of around 4% of during 2019-2023.

Automotive Differential Gear Market: Segmentation by Region

Automotive-Differential-Gear-Market-Share-by-Region

For more insights on the market share of various regions Request for a FREE sample now!

The introduction of low-cost mini and compact SUVs and the rising consumer preference for high-comfort and off-road vehicles have increased the demand for vehicles with AWD and FWD technologies in APAC. Several automobile manufacturers in the region are also offering EV models featuring AWD and FWD technologies.

During the forecast period, nearly 54% of the overall market growth will originate from APAC. However, market growth in APAC will be slower than the growth of the market in South America and MEA.

Automotive Differential Gear Market: Segmentation by Vehicle Type

Automotive-Differential-Gear-Market-Share-by-Type

Request for a FREE sample and Get more information on the market contribution of various vehicle type segments

The introduction of stringent emission norms and announcements regarding the ban on diesel vehicles have compelled automakers to introduce low-cost EV models. Moreover, several governments are offering incentives and making significant investments in EV charging infrastructure development. These factors have increased the sales of EVs across the world. This will have a positive impact on the demand for differential gears for passenger car applications.

As a result, the automotive differential gear market size will steadily increase during the forecast period. However, market growth in the passenger car segment will be slower than the growth of the market in the commercial vehicles segment.

Automotive Differential Gear Market: Key Highlights of the Report

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the market during the next five years
  • Precise estimation of the global automotive differential gear market size and its contribution to the parent market
  • Accurate automotive differential gear market forecast on upcoming trends and changes in consumer behavior
  • The growth of the automotive differential gear industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive differential gear market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY VEHICLE TYPE

  • Market segmentation by vehicle type
  • Comparison by vehicle type
  • Passenger cars - Market size and forecast 2018-2023
  • Commercial vehicles - Market size and forecast 2018-2023
  • Market opportunity by vehicle type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Development of hub motors
  • Use of 3D printing in gear manufacturing
  • Increased emphasis on alternative raw materials by manufacturers

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • American Axle & Manufacturing Inc.
  • AmTech International
  • Bharat Gears Ltd.
  • Dana Ltd.
  • Eaton Corp. Plc
  • JTEKT Corp.
  • Linamar Corp.
  • Melrose Industries Plc
  • Meritor Inc.
  • Showa Corp.

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 14: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Consumer Discretionary
  3. Published Reports 2019
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>