Automotive Spur Gear Market is anticipated to reach US$ 43.01 Bn by 2029 from US$ 29.18 Bn in 2022 at a CAGR of 5.7% during a forecast period.Automotive Spur Gear Market Overview:
Automotive spur gears have a cylindrical appearance and are positioned on parallel, coplanar shafts. Furthermore, the gear teeth are perpendicular to the shaft. Spur gears are used in a wide range of devices, from automobiles to kitchen appliances. Since spur gears are used in so many devices, they are made of materials that are easy to fabricate, mold, and are sturdy and durable, such as plastics and metals. Where plastic made spur gears are gaining more demand due to properties like earth resilience, low-speed cross-section, and capacity to be fabricated with materials that need low oil.To know about the Research Methodology :- Request Free Sample Report Also, due to increased urbanization, the market for spur gear from different sectors has increased dramatically over the last few years. China is now the world's largest cement manufacturer, with India ranked second. Thus this steady development in the building industry is expected to increase demand for automobiles, which, in turn, is expected to drive the growth of the spurt gear market in the region. The report also covers the detailed analysis of the global automotive spur gears industry with the classifications of the market based on material, vehicle type and region. Analysis of past market dynamics from 2017 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Automotive Spur Gear Market Dynamics:
Spur gears are often used in medical devices such as surgeries and MRI machines. Complex gear is needed by complex machines and machinery in every other industry, including manufacturing, agriculture, healthcare, and electronics, which drives the spur gear market. Leading players in the spur gear industry are rapidly adopting lightweight strategies focused on gear thickness reduction. They are also making holes in the grid of the gear to greatly reduce the weight. Thus, the spur gear market is expected to grow positively as advanced technology is increasingly used to create lightweight machine parts. Also, the automotive spur gear market is expected to be fueled by an increase in the number of small and medium-scale industries, as well as a desire for a better driving experience in terms of smooth gear shifting and improved acceleration. Similarly, developing countries such as India and China have seen fast growth in the automotive market, resulting in a stable spur gear industry growth rate. The spur gear demand is growing as a result of its extensive use in the new automotive industry. Electric cars, on the other hand, are posing a challenge to the spur gear market as they need less gearing.Automotive Spur Gear Market Segmentation Analysis:
By Material, the plastic gears segment is anticipated to emerge as the fastest-growing segment, registering a CAGR of 4.5% during the forecast period. Plastic gears are seeing the most growth in the automotive industry as vehicle manufacturers have been pressured by OEMs to use plastic instead of metal, which tends to reduce weight and production costs. Thus, the globalization of the automobile industry is driving the plastic gear market in North America and Europe. Due to its special gearing properties, plastic gear companies in the Asia Pacific and Latin America are investing in research and production, resulting in increased demand for plastic gear in the Asia-Pacific and Latin American markets.By Vehicle Type, the passenger vehicle segment is anticipated to emerge as the fastest-growing segment, registering a CAGR of xx% during the forecast period. It includes sedans, hatchbacks, station wagons, Sports Utility Vehicles (SUVs), and Multi-Utility Vehicles (MUVs). The passenger vehicle segment of the spur gear industry is growing rapidly in Asia Pacific's developing countries. The region's demand growth can be due to an increase in GDP and population, a change in lifestyle, improved customer buying power, and the expansion of infrastructure. Asia Pacific holds the largest share of the global automotive spur gear market and is projected to develop at a volume CAGR of xx% during the forecast period. The rapid acceleration of industrialization and urbanization increased automobile sales, and the presence of major manufacturing firms in developing countries such as India, China, and South Korea are expected to drive the Asia Pacific automotive spur gear market. Similarly, the existence of major spur gear manufacturers, which have significant R&D facilities, is expected to fuel the growth of the automotive spur gear market in Europe.
Automotive Spur Gear Market Scope: Inquire before buying
Automotive Spur Gear Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 29.18 Bn. Forecast Period 2023 to 2029 CAGR: 5.7% Market Size in 2029: US $ 43.01 Bn. Segments Covered: by Material • Steel • Nylon • Aluminum • Bronze • Phenolic • Cast iron • Bakelite • Plastics by Vehicle Type • Passenger vehicles • Commercial vehicles Automotive Spur Gear Market, by Region:
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Automotive Spur Gear Market Key Players:
• Eaton Corporation Plc • Bharat Gears Limited • GKN Plc • Showa Corporation • American Axle & Manufacturing, Inc • Linamar Corporation • NSK Limited • Univance Corporation • GKN Sinter Metals Engineering GmbH • ZF Friedrichshafen AG • KHK Gears Co. Ltd • Cleveland Gear Company • ABA PGT Inc • Renold Plc • BMT International SA • Mahindra Gears • B&R Motion Gears • Samgong Gear Co. Ltd Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Spur Gear Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Automotive Spur Gear Market? Ans: The Global Automotive Spur Gear Market is growing at a CAGR of 5.7% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Spur Gear Market report? Ans: Global Automotive Spur Gear Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Spur Gear Market? Ans: The important key players in the Global Automotive Spur Gear Market are – Eaton Corporation Plc, Bharat Gears Limited, GKN Plc, Showa Corporation, American Axle & Manufacturing, Inc, Linamar Corporation, NSK Limited, Univance Corporation, GKN Sinter Metals Engineering GmbH, ZF Friedrichshafen AG, KHK Gears Co. Ltd, Cleveland Gear Company, ABA PGT Inc, Renold Plc, BMT International SA, Mahindra Gears, B&R Motion Gears, Samgong Gear Co. Ltd. 5. What is the study period of this Market? Ans: The Global Automotive Spur Gear Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Spur Gear Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Spur Gear Market 3.4. Geographical Snapshot of the Automotive Spur Gear Market, By Manufacturer share 4. Global Automotive Spur Gear Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Spur Gear Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Spur Gear Market Analysis and Forecast, 2022-2029 6.1. Global Automotive Spur Gear Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 7.1.1. Steel 7.1.2. Nylon 7.1.3. Aluminum 7.1.4. Bronze 7.1.5. Phenolic 7.1.6. Cast iron 7.1.7. Bakelite 7.1.8. Plastics 7.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.2.1. Passenger vehicles 7.2.2. Commercial vehicles 8. Global Automotive Spur Gear Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 9.1.1. Steel 9.1.2. Nylon 9.1.3. Aluminum 9.1.4. Bronze 9.1.5. Phenolic 9.1.6. Cast iron 9.1.7. Bakelite 9.1.8. Plastics 9.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.2.1. Passenger vehicles 9.2.2. Commercial vehicles 10. North America Automotive Spur Gear Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe Automotive Spur Gear Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific Automotive Spur Gear Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa Automotive Spur Gear Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America Automotive Spur Gear Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America Automotive Spur Gear Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Spur Gear Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. GKN Plc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Eaton Corporation Plc 45.5. Bharat Gears Limited 45.6. GKN Plc 45.7. Showa Corporation 45.8. American Axle & Manufacturing, Inc 45.9. Linamar Corporation 45.10. NSK Limited 45.11. Univance Corporation 45.12. GKN Sinter Metals Engineering GmbH 45.13. ZF Friedrichshafen AG 45.14. KHK Gears Co. Ltd 45.15. Cleveland Gear Company 45.16. ABA PGT Inc 45.17. Renold Plc 45.18. BMT International SA 45.19. Mahindra Gears 45.20. B&R Motion Gears 45.21. Samgong Gear Co. Ltd 46. Primary Key Insights