Automotive Gears Market by Type, Vehicle type, Number of Forward Gears, Fuel, & Region - Global Forecast to 2024
The global automotive gears market can be broadly classified on the basis of product into the following types: planetary gears, hypoid gears, worm gears, non-metallic gears, helical gears, rack & pinion gears, bevel gears, and spur gears. In terms of material type, the market has been divided into metallic and non-metallic varieties. The non-metallic gears segment is expected to progress at a major CAGR, as it provides better fuel efficiency. By application type, the market has been classified into the differential system, transmission system, and steering system categories. The transmission system segment is likely to register a significant CAGR during the forecast period, owing to the increasing implementation of automatic transmission in passenger vehicles. Based on geography, the market for automotive gears has been distributed over North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In the present scenario, the market is dominated by Asia Paci...