Automotive Differential Gear Market size to grow by USD 5,321.44 million from 2022 to 2027, The increase in sales of SUVs to boost market growth

NEW YORK, June 6, 2023 /PRNewswire/ -- The automotive differential gear market size is forecast to increase by USD 5,321.44 million from 2022 to 2027, at a CAGR of 4.28%, according to the recent market study by Technavio. The growth of the market will be driven by the increase in sales of SUVs, rising consumer preference for AWD and FWD vehicles, and increasing sales of luxury vehicles. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including American Axle and Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd., Circle Gear and Machine Company Inc., Dana Inc., Eaton Corp. Plc, FA.TA. Ricambi S.p.A., Gear Motions Inc., GKN Sinter Metals Engineering GmbH, Hitachi Ltd., Linamar Corp., Neapco Holdings LLC, NSK Ltd., Perfect Gears Pvt. Ltd., Polaris Inc., and Shandong Heavy Industry Group Co. Ltd.

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The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

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Automotive Differential Gear Market - Segmentation

This automotive differential gear market report extensively covers market segmentation by channel (aftermarket and OEM), vehicle type (passenger cars and commercial vehicles), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The market share growth by the aftermarket segment will be significant for the overall market growth during the forecast period. This segment includes replacements, collisions, looks, and performance parts and offers a wide range of parts of varying quality and price for almost all vehicles and models. Furthermore, it is a secondary submarket that includes the manufacturing, reproduction, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories after the OEM has sold the car to the consumer. Hence, such factors drive segment growth during the forecast period.

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Automotive Differential Gear Market - Market Dynamics

Key Drivers

One of the major drivers for the growth of the automotive differential gear market is the increase in sales of SUVs.

The introduction of compact and mini-SUVs, the decreased cost of SUVs, and improved comfort and higher safety in new-generation SUVs are driving the demand for SUVs are all factors contributing to the growth of the market.

For example, in 2021, SUVs accounted for about 45% of global vehicle sales, 35 million units more than the sales in 2020.

Furthermore, higher seating capacity resulting in a relatively higher weight of SUVs demands adequate power delivery to each wheel for safe and effective driving.

Hence, such factors of SUVs will drive the automotive differential gear market growth during the forecast period.

Significant Trends

A major trend that is influencing the market growth is the development of hub motors.

A wheel hub motor, an electric motor directly installed in the vehicle wheel to power the vehicle, is an advanced solution for powering EVs.

This directly drives the vehicle wheel and eliminates the need for a gearbox, differential, and other power transmission components, and directly reduces vehicle weight and enhances vehicle efficiency.

Hence, such a need to develop hub motors may propel the automotive differential gear market growth during the forecast period.

Major Challenges

A significant challenge for the growth of the market is product recall.

The integration of automatic transmission systems in premium vehicles involves advanced algorithms.

These algorithms contribute to the design and development of such complex systems. To aid in effective cornering, vehicles sold in developed automotive markets, such as the US, use advanced electronics and sensors.

Therefore, any issue in or malfunction of even a single drivetrain system component can lead to high repair costs and vehicle recalls.

For example, in March 2022, Volkswagen AG announced Atlas SUVs were recalled in the US and Canada to address airbags, windows, brakes, and other issues.

Hence, such issues pose a major challenge to the growth of the market during the forecast period.

What are the key data covered in this Automotive Differential Gear Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the automotive differential gear market between 2023 and 2027

Precise estimation of the size of the automotive differential gear market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the automotive differential gear market across APAC, North America, Europe, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of automotive differential gear market vendors

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Automotive Differential Gear Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.28%

Market growth 2023-2027

USD 5,321.44 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.84

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 64%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

American Axle and Manufacturing Holdings Inc., AmTech International, Bharat Gears Ltd., Circle Gear and Machine Company Inc., Dana Inc., Eaton Corp. Plc, FA.TA. Ricambi S.p.A., Gear Motions Inc., GKN Sinter Metals Engineering GmbH, Hitachi Ltd., Linamar Corp., Neapco Holdings LLC, NSK Ltd., Perfect Gears Pvt. Ltd., Polaris Inc., and Shandong Heavy Industry Group Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global automotive differential gear market 2017 - 2021

4.2 Sales channel Segment Analysis 2017 - 2021

4.3 Vehicle type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Channel

6.1 Market segments

6.2 Comparison by Channel

6.3 Aftermarket - Market size and forecast 2022-2027

6.4 OEM - Market size and forecast 2022-2027

6.5 Market opportunity by Channel

7 Market Segmentation by Vehicle Type

7.1 Market segments

7.2 Comparison by Vehicle Type

7.3 Passenger cars - Market size and forecast 2022-2027

7.4 Commercial vehicles - Market size and forecast 2022-2027

7.5 Market opportunity by Vehicle Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 Japan - Market size and forecast 2022-2027

9.11 India - Market size and forecast 2022-2027

9.12 Germany - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 American Axle and Manufacturing Holdings Inc.

12.4 AmTech International

12.5 Bharat Gears Ltd.

12.6 Circle Gear and Machine Company Inc.

12.7 Dana Inc.

12.8 Eaton Corp. Plc

12.9 FA.TA. Ricambi S.p.A.

12.10 Gear Motions Inc.

12.11 GKN Sinter Metals Engineering GmbH

12.12 Hitachi Ltd.

12.13 Linamar Corp.

12.14 Neapco Holdings LLC

12.15 NSK Ltd.

12.16 Polaris Inc.

12.17 Shandong Heavy Industry Group Co. Ltd.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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