Automotive Gears Market Is Expected To Generate A Revenue Of USD 76.38 Billion By 2032, Globally, At 6.82% CAGR: Verified Market Research®

(MENAFN- GlobeNewsWire - Nasdaq) Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the“Automotive Gears Market Size and Forecast”, a key sector driving innovation and efficiency in the automotive industry. This report provides an in-depth analysis of the market's current landscape, growth drivers, emerging trends, and key opportunities, offering a competitive edge for industry stakeholders.

Lewes, Delaware, Jan. 07, 2026 (GLOBE NEWSWIRE) -- The Global Automotive Gears Market Size is projected to grow at a CAGR of 6.82% from 2026 to 2032, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 45.06 Billion in 2024 and is expected to reach USD 76.38 Billion by the end of the forecast period.

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With advancements in automotive technology, gears play a critical role in enhancing vehicle performance, fuel efficiency, and driving experience. Our latest report covers every aspect of the market, including the increasing adoption of electric and hybrid vehicles, which is pushing the demand for lightweight and durable gear solutions.

Key Features of the Report

Market Size & Forecast: Detailed analysis of the market's current size, projected growth, and trends influencing the automotive gears industry.

Technological Trends: Insights into innovations in gear materials, manufacturing techniques, and the impact of electrification on gear design.

Competitive Landscape: A comprehensive overview of key players, market shares, product portfolios, and strategic initiatives shaping the future of automotive gears.

Regional Analysis: Deep dive into regional markets with forecasts and trends specific to North America, Europe, Asia-Pacific, and other key regions.

Opportunities & Challenges: Identification of opportunities to capitalize on emerging trends and a thorough analysis of challenges faced by industry participants.

Who Will Benefit from This Report?

This report is essential for automotive manufacturers, component suppliers, gear technology innovators, R&D teams, and investment firms seeking insights into the evolving automotive gears market. It offers actionable intelligence for stakeholders looking to enhance their product offerings, optimize supply chains, and capitalize on growth opportunities.

202 - Pages

126 – Tables

37 – Figures

Scope Of The Report

REPORT ATTRIBUTES	DETAILS
STUDY PERIOD	2021-2031
GROWTH RATE	CAGR of ~6.82% from 2024 to 2031
BASE YEAR FOR VALUATION	2024
HISTORICAL PERIOD	2021-2023
FORECAST PERIOD	2024-2031
QUANTITATIVE UNITS	Value in USD Billion
REPORT COVERAGE	Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED	Type of Gear Application Vehicle Type
REGIONS COVERED	North America Europe Asia Pacific Latin America Middle East & Africa
KEY PLAYERS	Merck KGaA, BASF SE, DSM N.V., Zhejiang Xinhecheng Co., Ltd., Shandong Xinfa Pharmaceutical Co., Ltd., Changzhou Niutang Chemical Plant Co., Ltd., Gnosis S.p.A., Jiangxi Tianxin Pharmaceutical Co., Ltd., Zhejiang Medicine Co., Ltd., Shenzhen Simeiquan Biotechnology Co., Ltd., Now Foods, NutraMarks, Inc., Koninklijke DSM N.V., Nutritional Supplement Manufacturers, Inc., Vitabiotics Ltd., Church & Dwight Co., Inc., Amway Corporation, Herbalife Nutrition Ltd., GNC Holdings, Inc., Nature's Bounty Co.
CUSTOMIZATION	Report customization along with purchase available upon request

Global Automotive Gears Market Overview

Growing Demand for Electric and Hybrid Vehicles: The increase in electric and hybrid car use is a major factor influencing the Automotive Gears Market. These vehicles require unique gear systems that emphasize energy efficiency and lightweight materials. As consumers and governments advocate for sustainable transportation, the need for specialized gears designed for electric drivetrains is anticipated to increase, prompting manufacturers to innovate and spend, thus driving overall market growth.

Advancements in Gear Manufacturing Technology: Innovative production methods, like as 3D printing and precision forging, are transforming the Automotive Gears Market. These innovations provide greater precision, improved durability, and decreased production costs, satisfying the industry's demand for dependable and economical gears. This trend reduces operational costs for gear manufacturers and facilitates rapid adaptation to market demands, hence providing a strong incentive for expansion.

Rise in Automotive Production Globally: The vehicle Gears Market is experiencing a concurrent rise in demand due to the steady growth of global vehicle production. Emerging markets in the Asia-Pacific and Middle East are propelling output figures, requiring an increased quantity of gear components. This expansion presents profitable opportunities for gear manufacturers to enter new markets, fostering a dynamic market environment and emphasizing the demand for high-quality, cost-efficient gear solutions.

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High Costs of Advanced Gear Technologies: The implementation of new gear technologies is constrained by their elevated costs, notwithstanding the advantages they offer. Precision manufacturing techniques and advanced materials, albeit providing enhanced performance, may result in increased production expenses, hence affecting profit margins in the Automotive Gears Market. Smaller manufacturers may encounter obstacles in accessing these technologies, thereby hindering market acceptance rates and growth in cost-sensitive countries.

Increasing Focus on Gearless Electric Powertrains: The shift towards gearless electric powertrains presents a challenge to the conventional Automotive Gears Market. Certain electric vehicle types obviate the necessity for conventional gear systems, hence diminishing the demand for traditional gears. This transition may hinder market expansion, especially as prominent automakers investigate direct drive and other gearless options, compelling conventional gear manufacturers to adjust their strategy to maintain relevance.

Volatile Raw Material Prices: Variations in the prices of raw materials, including steel and aluminum, pose a considerable challenge to the Automotive Gears Market. Volatile costs might affect the entire pricing of equipment, constraining margins and affecting long-term strategic planning for manufacturers. This instability compels gear manufacturers to use cost-containment techniques or transfer price hikes to consumers, thus obstructing market expansion in price-sensitive sectors.

Geographic Dominance:

The Asia-Pacific region exhibits geographical preeminence in the Automotive Gears Market, propelled by a strong automotive manufacturing foundation, escalating vehicle sales, and growing investments in electric mobility. Countries such as China, Japan, and India significantly contribute, cultivating a competitive environment for gear makers. This dominance enhances market growth by fostering innovation and large-scale production, while simultaneously attracting global entities aiming to establish or expand their presence in the region.

Key Players

The“Global Automotive Gears Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Merck KGaA, BASF SE, DSM N.V., Zhejiang Xinhecheng Co., Ltd., Shandong Xinfa Pharmaceutical Co., Ltd., Changzhou Niutang Chemical Plant Co., Ltd., Gnosis S.p.A., Jiangxi Tianxin Pharmaceutical Co., Ltd., Zhejiang Medicine Co., Ltd., Shenzhen Simeiquan Biotechnology Co., Ltd., Now Foods, NutraMarks, Inc., Koninklijke DSM N.V., Nutritional Supplement Manufacturers, Inc., Vitabiotics Ltd., Church & Dwight Co., Inc., Amway Corporation, Herbalife Nutrition Ltd., GNC Holdings, Inc., Nature's Bounty Co..

Automotive Gears Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global Automotive Gears Market into Type of Gear, Application, Vehicle Type, And Geography.

• Automotive Gears Market, by Type of Gear
  • Spur Gears
  • Helical Gears
  • Bevel Gears
  • Worm Gears
  • Planetary Gears

• Automotive Gears Market, by Application
  • Transmission Systems
  • Differential Systems
  • Steering Systems
  • Engine Systems
    
• Automotive Gears Market, by Vehicle Type
  
  • Passenger Cars
  • Commercial Vehicles
  • Off-road Vehicles

• Automotive Gears Market, by Geography
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • ROW
    • Middle East & Africa
    • Latin America

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