Product Code: 12973
Market Overview
The size of the global automotive pinion gear market was around USD 13.4 billion in 2023. and it is anticipated to reach USD 17.6 billion by 2030, advancing at a CAGR of 4.0% over the forecast period (2024-2030).
This is because if very few people trust public authorities, those authorities will have much difficulty in implementing policies that require citizen support. The roads on the way to the market may in general be crowded with cars, but this can be said the other way around too.
At the moment trend one would be the development of pinion gear material and design technologies for manufacturing as well as other factors. As we speak, the automobile parts sector, employing these units, especially for investment and manufacturing these parts, ensnares the CATIA software in its net. Using computer-aided analysis (CAE) to validate the pinion gear clevis joint and casing for their other parts, rigidity, and safety is very crucial.
Car pinion gear is one of the most significant elements of the transmission system and hence changing the gearbox design and its parts diminishes carbon reaction to the environment, increases the efficiency of fuel usage, and improves operational possibilities of the motor vehicle.
As a result of massive population growth, significant social mobility changes for the lower middle-class families moving to the upper-middle-class, high-speed economic growth globally, and high disposable income, the aspiration for automobile ownership is on the rise.
Key Insights
In 2023, the helical gearboxes held a substantial industry share of 70% and are estimated to advance at a fast CAGR of 4.3% over the projection period.
The acceptance of helical variants is credited to their capability to transfer high power while decreasing noise, making them favored by auto manufacturers.
They are progressively utilized in SUVs, four-wheel-drive vehicles, and army vehicles, propelling up demand in these segments.
SUVs are favored for their off-road capabilities, and automotive pinion gears advanced steering control, deceleration, and acceleration, contributing to better safety.
In 2023, the passenger vehicles category had a significant industry share of 75%, propelled by the integration of premium features such as ADAS and cruise control, leading to augmented popularity and sales.
Financial development in emerging nations has augmented people's buying power, resulting in advanced car sales and further fuelling the passenger vehicles category.
Commercial vehicles are the fastest-growing category, with a CAGR of 4.5% during 2024-2030, driven by stringent pollution norms leading to the replacement of old vehicles with newer ones.
Cast iron is the largest and fastest-growing category, with a 30% market share in 2023, due to its excellent corrosion resistance, thermal stability, cost-effectiveness, and ease of availability.
Steering systems hold the largest market share of 45% in 2023, with pinion gears essential for steering systems in four-wheelers, driving the demand for pinion gears.
The differential pinion gear is used in rear-wheel-drive vehicles and those that need better cornering, improving performance all through.
Asia dominated the global in 2023 and is anticipated to record a CAGR of 4.6% during the period 2024-2030.
The region's positive growth is attributed to the dynamic shift of automobile manufacturers, the increasing demand for passenger cars and light commercial vehicles, and huge investments made in the area of R&D to come up with vehicles that perform better and have a reduced carbon footprint as well as rapid urbanization that increases car sales.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by gear type
- 1.4.2. Market size breakdown, by vehicle type
- 1.4.3. Market size breakdown, by material type
- 1.4.4. Market size breakdown, by sales channel
- 1.4.5. Market size breakdown, by application
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by Gear Type (2017-2030)
- 6.3. Market Revenue, by Gear Type (2017-2030)
- 6.4. Market Volume, by Vehicle Type (2017-2030)
- 6.5. Market Revenue, by Vehicle Type (2017-2030)
- 6.6. Market Volume, by Material Type (2017-2030)
- 6.7. Market Revenue, by Material Type (2017-2030)
- 6.8. Market Volume, by Sales Channel (2017-2030)
- 6.9. Market Revenue, by Sales Channel (2017-2030)
- 6.10. Market Volume, by Application (2017-2030)
- 6.11. Market Revenue, by Application (2017-2030)
- 6.12. Market Volume, by Region (2017-2030)
- 6.13. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by Gear Type (2017-2030)
- 7.3. Market Revenue, by Gear Type (2017-2030)
- 7.4. Market Volume, by Vehicle Type (2017-2030)
- 7.5. Market Revenue, by Vehicle Type (2017-2030)
- 7.6. Market Volume, by Material Type (2017-2030)
- 7.7. Market Revenue, by Material Type (2017-2030)
- 7.8. Market Volume, by Sales Channel (2017-2030)
- 7.9. Market Revenue, by Sales Channel (2017-2030)
- 7.10. Market Volume, by Application (2017-2030)
- 7.11. Market Revenue, by Application (2017-2030)
- 7.12. Market Volume, by Country (2017-2030)
- 7.13. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by Gear Type (2017-2030)
- 8.3. Market Revenue, by Gear Type (2017-2030)
- 8.4. Market Volume, by Vehicle Type (2017-2030)
- 8.5. Market Revenue, by Vehicle Type (2017-2030)
- 8.6. Market Volume, by Material Type (2017-2030)
- 8.7. Market Revenue, by Material Type (2017-2030)
- 8.8. Market Volume, by Sales Channel (2017-2030)
- 8.9. Market Revenue, by Sales Channel (2017-2030)
- 8.10. Market Volume, by Application (2017-2030)
- 8.11. Market Revenue, by Application (2017-2030)
- 8.12. Market Volume, by Country (2017-2030)
- 8.13. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by Gear Type (2017-2030)
- 9.3. Market Revenue, by Gear Type (2017-2030)
- 9.4. Market Volume, by Vehicle Type (2017-2030)
- 9.5. Market Revenue, by Vehicle Type (2017-2030)
- 9.6. Market Volume, by Material Type (2017-2030)
- 9.7. Market Revenue, by Material Type (2017-2030)
- 9.8. Market Volume, by Sales Channel (2017-2030)
- 9.9. Market Revenue, by Sales Channel (2017-2030)
- 9.10. Market Volume, by Application (2017-2030)
- 9.11. Market Revenue, by Application (2017-2030)
- 9.12. Market Volume, by Country (2017-2030)
- 9.13. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by Gear Type (2017-2030)
- 10.3. Market Revenue, by Gear Type (2017-2030)
- 10.4. Market Volume, by Vehicle Type (2017-2030)
- 10.5. Market Revenue, by Vehicle Type (2017-2030)
- 10.6. Market Volume, by Material Type (2017-2030)
- 10.7. Market Revenue, by Material Type (2017-2030)
- 10.8. Market Volume, by Sales Channel (2017-2030)
- 10.9. Market Revenue, by Sales Channel (2017-2030)
- 10.10. Market Volume, by Application (2017-2030)
- 10.11. Market Revenue, by Application (2017-2030)
- 10.12. Market Volume, by Country (2017-2030)
- 10.13. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by Gear Type (2017-2030)
- 11.3. Market Revenue, by Gear Type (2017-2030)
- 11.4. Market Volume, by Vehicle Type (2017-2030)
- 11.5. Market Revenue, by Vehicle Type (2017-2030)
- 11.6. Market Volume, by Material Type (2017-2030)
- 11.7. Market Revenue, by Material Type (2017-2030)
- 11.8. Market Volume, by Sales Channel (2017-2030)
- 11.9. Market Revenue, by Sales Channel (2017-2030)
- 11.10. Market Volume, by Application (2017-2030)
- 11.11. Market Revenue, by Application (2017-2030)
- 11.12. Market Volume, by Country (2017-2030)
- 11.13. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by Gear Type (2017-2030)
- 12.3. Market Revenue, by Gear Type (2017-2030)
- 12.4. Market Volume, by Vehicle Type (2017-2030)
- 12.5. Market Revenue, by Vehicle Type (2017-2030)
- 12.6. Market Volume, by Material Type (2017-2030)
- 12.7. Market Revenue, by Material Type (2017-2030)
- 12.8. Market Volume, by Sales Channel (2017-2030)
- 12.9. Market Revenue, by Sales Channel (2017-2030)
- 12.10. Market Volume, by Application (2017-2030)
- 12.11. Market Revenue, by Application (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by Gear Type (2017-2030)
- 13.3. Market Revenue, by Gear Type (2017-2030)
- 13.4. Market Volume, by Vehicle Type (2017-2030)
- 13.5. Market Revenue, by Vehicle Type (2017-2030)
- 13.6. Market Volume, by Material Type (2017-2030)
- 13.7. Market Revenue, by Material Type (2017-2030)
- 13.8. Market Volume, by Sales Channel (2017-2030)
- 13.9. Market Revenue, by Sales Channel (2017-2030)
- 13.10. Market Volume, by Application (2017-2030)
- 13.11. Market Revenue, by Application (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by Gear Type (2017-2030)
- 14.3. Market Revenue, by Gear Type (2017-2030)
- 14.4. Market Volume, by Vehicle Type (2017-2030)
- 14.5. Market Revenue, by Vehicle Type (2017-2030)
- 14.6. Market Volume, by Material Type (2017-2030)
- 14.7. Market Revenue, by Material Type (2017-2030)
- 14.8. Market Volume, by Sales Channel (2017-2030)
- 14.9. Market Revenue, by Sales Channel (2017-2030)
- 14.10. Market Volume, by Application (2017-2030)
- 14.11. Market Revenue, by Application (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by Gear Type (2017-2030)
- 15.3. Market Revenue, by Gear Type (2017-2030)
- 15.4. Market Volume, by Vehicle Type (2017-2030)
- 15.5. Market Revenue, by Vehicle Type (2017-2030)
- 15.6. Market Volume, by Material Type (2017-2030)
- 15.7. Market Revenue, by Material Type (2017-2030)
- 15.8. Market Volume, by Sales Channel (2017-2030)
- 15.9. Market Revenue, by Sales Channel (2017-2030)
- 15.10. Market Volume, by Application (2017-2030)
- 15.11. Market Revenue, by Application (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by Gear Type (2017-2030)
- 16.3. Market Revenue, by Gear Type (2017-2030)
- 16.4. Market Volume, by Vehicle Type (2017-2030)
- 16.5. Market Revenue, by Vehicle Type (2017-2030)
- 16.6. Market Volume, by Material Type (2017-2030)
- 16.7. Market Revenue, by Material Type (2017-2030)
- 16.8. Market Volume, by Sales Channel (2017-2030)
- 16.9. Market Revenue, by Sales Channel (2017-2030)
- 16.10. Market Volume, by Application (2017-2030)
- 16.11. Market Revenue, by Application (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by Gear Type (2017-2030)
- 17.3. Market Revenue, by Gear Type (2017-2030)
- 17.4. Market Volume, by Vehicle Type (2017-2030)
- 17.5. Market Revenue, by Vehicle Type (2017-2030)
- 17.6. Market Volume, by Material Type (2017-2030)
- 17.7. Market Revenue, by Material Type (2017-2030)
- 17.8. Market Volume, by Sales Channel (2017-2030)
- 17.9. Market Revenue, by Sales Channel (2017-2030)
- 17.10. Market Volume, by Application (2017-2030)
- 17.11. Market Revenue, by Application (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by Gear Type (2017-2030)
- 18.3. Market Revenue, by Gear Type (2017-2030)
- 18.4. Market Volume, by Vehicle Type (2017-2030)
- 18.5. Market Revenue, by Vehicle Type (2017-2030)
- 18.6. Market Volume, by Material Type (2017-2030)
- 18.7. Market Revenue, by Material Type (2017-2030)
- 18.8. Market Volume, by Sales Channel (2017-2030)
- 18.9. Market Revenue, by Sales Channel (2017-2030)
- 18.10. Market Volume, by Application (2017-2030)
- 18.11. Market Revenue, by Application (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by Gear Type (2017-2030)
- 19.3. Market Revenue, by Gear Type (2017-2030)
- 19.4. Market Volume, by Vehicle Type (2017-2030)
- 19.5. Market Revenue, by Vehicle Type (2017-2030)
- 19.6. Market Volume, by Material Type (2017-2030)
- 19.7. Market Revenue, by Material Type (2017-2030)
- 19.8. Market Volume, by Sales Channel (2017-2030)
- 19.9. Market Revenue, by Sales Channel (2017-2030)
- 19.10. Market Volume, by Application (2017-2030)
- 19.11. Market Revenue, by Application (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by Gear Type (2017-2030)
- 20.3. Market Revenue, by Gear Type (2017-2030)
- 20.4. Market Volume, by Vehicle Type (2017-2030)
- 20.5. Market Revenue, by Vehicle Type (2017-2030)
- 20.6. Market Volume, by Material Type (2017-2030)
- 20.7. Market Revenue, by Material Type (2017-2030)
- 20.8. Market Volume, by Sales Channel (2017-2030)
- 20.9. Market Revenue, by Sales Channel (2017-2030)
- 20.10. Market Volume, by Application (2017-2030)
- 20.11. Market Revenue, by Application (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by Gear Type (2017-2030)
- 21.3. Market Revenue, by Gear Type (2017-2030)
- 21.4. Market Volume, by Vehicle Type (2017-2030)
- 21.5. Market Revenue, by Vehicle Type (2017-2030)
- 21.6. Market Volume, by Material Type (2017-2030)
- 21.7. Market Revenue, by Material Type (2017-2030)
- 21.8. Market Volume, by Sales Channel (2017-2030)
- 21.9. Market Revenue, by Sales Channel (2017-2030)
- 21.10. Market Volume, by Application (2017-2030)
- 21.11. Market Revenue, by Application (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by Gear Type (2017-2030)
- 22.3. Market Revenue, by Gear Type (2017-2030)
- 22.4. Market Volume, by Vehicle Type (2017-2030)
- 22.5. Market Revenue, by Vehicle Type (2017-2030)
- 22.6. Market Volume, by Material Type (2017-2030)
- 22.7. Market Revenue, by Material Type (2017-2030)
- 22.8. Market Volume, by Sales Channel (2017-2030)
- 22.9. Market Revenue, by Sales Channel (2017-2030)
- 22.10. Market Volume, by Application (2017-2030)
- 22.11. Market Revenue, by Application (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by Gear Type (2017-2030)
- 23.3. Market Revenue, by Gear Type (2017-2030)
- 23.4. Market Volume, by Vehicle Type (2017-2030)
- 23.5. Market Revenue, by Vehicle Type (2017-2030)
- 23.6. Market Volume, by Material Type (2017-2030)
- 23.7. Market Revenue, by Material Type (2017-2030)
- 23.8. Market Volume, by Sales Channel (2017-2030)
- 23.9. Market Revenue, by Sales Channel (2017-2030)
- 23.10. Market Volume, by Application (2017-2030)
- 23.11. Market Revenue, by Application (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by Gear Type (2017-2030)
- 24.3. Market Revenue, by Gear Type (2017-2030)
- 24.4. Market Volume, by Vehicle Type (2017-2030)
- 24.5. Market Revenue, by Vehicle Type (2017-2030)
- 24.6. Market Volume, by Material Type (2017-2030)
- 24.7. Market Revenue, by Material Type (2017-2030)
- 24.8. Market Volume, by Sales Channel (2017-2030)
- 24.9. Market Revenue, by Sales Channel (2017-2030)
- 24.10. Market Volume, by Application (2017-2030)
- 24.11. Market Revenue, by Application (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by Gear Type (2017-2030)
- 25.3. Market Revenue, by Gear Type (2017-2030)
- 25.4. Market Volume, by Vehicle Type (2017-2030)
- 25.5. Market Revenue, by Vehicle Type (2017-2030)
- 25.6. Market Volume, by Material Type (2017-2030)
- 25.7. Market Revenue, by Material Type (2017-2030)
- 25.8. Market Volume, by Sales Channel (2017-2030)
- 25.9. Market Revenue, by Sales Channel (2017-2030)
- 25.10. Market Volume, by Application (2017-2030)
- 25.11. Market Revenue, by Application (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by Gear Type (2017-2030)
- 26.3. Market Revenue, by Gear Type (2017-2030)
- 26.4. Market Volume, by Vehicle Type (2017-2030)
- 26.5. Market Revenue, by Vehicle Type (2017-2030)
- 26.6. Market Volume, by Material Type (2017-2030)
- 26.7. Market Revenue, by Material Type (2017-2030)
- 26.8. Market Volume, by Sales Channel (2017-2030)
- 26.9. Market Revenue, by Sales Channel (2017-2030)
- 26.10. Market Volume, by Application (2017-2030)
- 26.11. Market Revenue, by Application (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by Gear Type (2017-2030)
- 27.3. Market Revenue, by Gear Type (2017-2030)
- 27.4. Market Volume, by Vehicle Type (2017-2030)
- 27.5. Market Revenue, by Vehicle Type (2017-2030)
- 27.6. Market Volume, by Material Type (2017-2030)
- 27.7. Market Revenue, by Material Type (2017-2030)
- 27.8. Market Volume, by Sales Channel (2017-2030)
- 27.9. Market Revenue, by Sales Channel (2017-2030)
- 27.10. Market Volume, by Application (2017-2030)
- 27.11. Market Revenue, by Application (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by Gear Type (2017-2030)
- 28.3. Market Revenue, by Gear Type (2017-2030)
- 28.4. Market Volume, by Vehicle Type (2017-2030)
- 28.5. Market Revenue, by Vehicle Type (2017-2030)
- 28.6. Market Volume, by Material Type (2017-2030)
- 28.7. Market Revenue, by Material Type (2017-2030)
- 28.8. Market Volume, by Sales Channel (2017-2030)
- 28.9. Market Revenue, by Sales Channel (2017-2030)
- 28.10. Market Volume, by Application (2017-2030)
- 28.11. Market Revenue, by Application (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. GKN Ltd
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. American Axle & Manufacturing, Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. B&R Machine and Gear Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Bharat Gears Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Eaton Corporation plc
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Samgong Gear Ind. Co. Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Renold Plc
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Precipart Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. SHOWA Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Mitsubishi Group
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Robert Bosch GmbH
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports