August 12, 2019 by Steve Blade
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.
The trend of light weighting has become a popular phenomenon as automakers eye to adhere to an EPA guidelines that pitches for automobiles to average 54.5 mpg by 2025. As such, automakers are banking on gears made of sophisticated plastics which are comparatively lighter and provide better efficiency vis-à-vis metal counterparts. Substantially, the popularity of plastic gears has soared. In addition, plastic automotive gears with carbon fiber is gaining traction in passenger cars as automakers look to diversify their portfolio.
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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In order to keep up with the exponential demand, automakers are introducing applications—transmission, differential, steering system—which are anticipated to account for over 25 percent volume share during the forecast period. Leading innovation-fueled players such as Tesla is vouching for multi-gear transmission systems for next-generation vehicles.
Sophisticated technological features such as self-monitoring function, advanced protection are anticipated to propel the growth of automotive gears. The traction of shift-by-wire systems for hybrid-electric and electric vehicles has augmented the penetration of electric vehicles (EVs) globally.
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.
The report includes executive summary, overview section which reveal a deep dive analysis of the Automotive gear market. Furthermore, market overview section focuses on PESTLE analysis to present a thorough assessment on the market. Meanwhile, the overview section delineates Porters’ Five Force analysis that will aid in analyzing competitive scenario with pertaining to automotive gear market.
The report is backed up by thorough research undertaken to provide a robust analysis. Primary sources and secondary sources have been used to provide a prudent assessment on automotive gear market. The secondary research includes EC filing, Factiva, trade journals and resourceful database. Further, the report is propelled by primary research, incorporating genuine review from experts, genuine views from seasoned analyst, surveys and telephonic interview. Meanwhile, the report also delves into absolute dollar opportunity analysis and Y-o-Y projections to offer deep dive analysis of the market.
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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