Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Gear Market Research Report - Forecast

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More information from: https://www.marketresearchfuture.com/reports/2794
Global Automotive Gear Market Research Report - Forecast to 2023
Report / Search Code: MRFR/AM/2077-HCRR
Publish Date: July, 2018
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Global Automotive Gear Market, By material
(metallic and plastic) By product type (Planetary,
Bevel, Helical, Non-Metallic and other), By vehicle
type (Passenger vehicle, Commercial vehicle) and
Region - Forecast 2016-2023.
Market Synopsis of Automotive Gear Market:
Market Scenario:
The high demand for automotive gears is due to the growth in the automotive
industry. An automotive gear helps give an automobile, a smooth start to and
allows the outer wheel to rotate faster than the inner wheel for safer turns.
Smooth gear shifting enhances the driving experience as well as the growing
demand for low-carbon-footprint technologies fuels the growth of the global
automotive gears market. Moreover, rising disposable incomes and vehicle-
ownership boosts the market growth. Lightweight and highly durable
aluminum and composite gears are estimated to gain higher popularity during
the forecast period. Focus towards high-quality products & the changing
lifestyle of consumers and increasing spending power, enhance the growth of
the gear market for automotive sector.
However, the high cost of advanced gear system than the conventional gear
system acts as a barrier for the growth of automotive gear market.
Global Automotive gear market was valued at USD 28.40 Billion in 2015
and is projected to grow at a CAGR of 6.4% during the forecast period.
Study Objectives of Automotive Gear markets Market.
To provide detailed analysis of the
market structure along with forecast of
the various segments and sub-
segments of the automotive gear
market.