North America Automotive Gears Market Size and Forecasts (2020 – 2030)

North America Automotive Gears Market Size and Forecasts (2020 – 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Spur Gears, Bevel Gears, Helical Gears, Worm Gears, Planetary Gears, Rack & Pinion Gears, Hypoid Gears, and Others), Material Type (Metallic Gears and Non-Metallic Gears), and Application (Transmission System, Steering System, Differential System, and Others)

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Description

North America automotive gears market accounted for US$ 7,593.71 million in the year 2022 and is expected to grow at a CAGR of 4.0% during the period 2022 – 2030, to account for US$ 10,378.52 million in the year 2030.

The presence of key players in the North America automotive industry represents significant opportunities for automotive gears market players. The rise in investments by key players in manufacturing automotive components in North America is expected to create ample opportunity for the automotive gears market growth. Key players in the market are designing innovative gearboxes for electric vehicle manufacturing to have a smooth riding experience. Companies such as Honda, Toyota, Ford Motor Company, General Motors, and Panasonic have announced millions of dollars of investments in manufacturing in North Carolina, Michigan, Ohio, Missouri, Kansas, and other states in the US.

• In January 2023, General Motors Co. announced an investment of ~US$ 918 million to manufacture new internal combustion engines. The company planned to invest this amount across four plants in the United States. Among these investments, more than US$ 854 million were utilized in producing the company’s Small Block V-8 engine at its four facilities in the United States.

• In June 2023, Lexus and Toyota designed and launched electric cars simulated with innovative manual gearboxes for smooth driving. Toyota designed this “simulated manual gearbox” for its EVs.

• In June 2022, Ford Motor Co. planned to invest more than US$ 3.7 billion to expand its automotive assembly plants in Missouri, Michigan, and Ohio, United States. With these investments, the company planned to enhance its production activities of both gasoline-powered and electric vehicles.

• In April 2022, Toyota Motor automotive manufacturer planned to invest more than US$ 383 million in the United States. This investment was made to expand its vehicle production activities of four-cylinder engines, including hybrid electric vehicles, located in Kentucky, Missouri, Alabama, and Tennessee plants.

Canada-based Tier 1 and 2 vehicle manufacturers have integrated supply chains by adopting advanced technology for their manufacturing processes. Canada and the United States have several automotive industry associations, such as the National Industry Association (NIA), the Automotive Parts Manufacturers Association (APMA), and the National Automobile Dealers Association, representing automotive parts, automotive equipment, and other automotive-related services. These associations are also helping boost North America’s economy in the automotive sector, which in turn drive the North America automotive gears market growth.

The adoption of advanced technologies and the formation of associations for automotive industry growth are expected to create significant opportunities for the automotive gears market. For example, forming North America’s Business Association for Autonomous Vehicle Clusters to create value and develop autonomous vehicle-related programs created significant market opportunities. Increasing investments by the key players and rising automotive industry associations are expected to create ample opportunities for North America automotive gears market growth.

Based on product type, the North America automotive gears market share is segmented into planetary gears, spur gears, bevel gears, helical gears, worm gears, rack & pinion gears, hypoid gears, and others.

The rising sale of cars and a surge in the demand for compact vehicles in North America drive this segmental growth. Growing demand for fuel-efficient small-size compact and hybrid cars is driving the demand for worm gears. According to the OICA data, the sales of compact cars across the US increased by 6% in 2021, reaching 1.24 million units. Such growing sales in the US may offer lucrative opportunities for the growth of North America automotive gears market share of the US.

Symmco Inc, JTEKT Corp, American Axle & Manufacturing Inc, ThyssenKrupp AG, Dana Inc, Gear Motions Inc, GKN Automotive Ltd, AmTech International Inc, Univance Corp, and The Adams Co. are among the key North America automotive gears market players profiled during the market study. In addition, several other important market players operating in the ecosystem were studied and analyzed during this market research study to get a holistic overview of the North America automotive gears market.

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Rising Demand for Lightweight Gearing Systems in Electric Vehicles is Boosting Automotive Gears Market

According to our latest market study on “North America Automotive Gears Market Forecast to 2030 – Global Analysis – by Product Type, Material Type, and Application,” the market was valued at US$ 7,593.71 million in 2022, and it is expected to reach US$ 10,378.52 million by 2030; it is anticipated to register a CAGR of 4.0% from 2022 to 2030.

Electric vehicles consist of lightweight gears for the transmission. The rising adoption of lightweight electric vehicles among North American countries has created significant opportunities for the automotive gears market growth. Electric vehicle manufacturers use single-ratio gearbox made with lightweight materials. A single-ratio gearbox changes the speed and torque for different driving conditions in electric vehicle manufacturing. The increase in investments by the key players in expanding electric vehicle manufacturing capacities created a massive demand for lightweight automotive gears. For instance, in June 2023, Ford Motors planned to invest more than US$ 9.2 billion through the United States government program to support green technologies. Ford Motor planned this investment for construction of electric vehicle production plant and its battery manufacturing plant in the US. Also, according to the Natural Resources Defense Council, in 2022, leading automotive companies planned to invest more than US$ 210 billion in manufacturing electric vehicles and their components in the United States. Such investment may bolster the North America automotive gears market growth.

Furthermore, key automotive gears market players are continuously investing in developing lightweight gearing and transmission systems.

• In July 2023, Inmotive, Inc., a Canada-based in-gear and multi-speed powertrain technology provider, launched a two-speed electric vehicle transmission system. The company designed and launched a lightweight, energy-efficient two-speed transmission system for the manufacturer of electric vehicles.

• In May 2023, ZF launched a powerline eight-speed automatic transmission system, and the company announced an investment of US$ 200 million for manufacturing this system for its commercial vehicles.

The rising development of lightweight gears and ample investments in the electric vehicle sector are driving the automotive gears market share in North America.

The US accounted for a significant share of automotive manufacturing in 2020, with growing sales and production of vehicles in the country. The light commercial vehicle adjusted annualized sales in July 2023 was ~15.90 million units, increased from 13.47 million units compared to 2022. The US is the second largest automotive market globally for selling and producing vehicles and their components. Foreign manufacturers of automobiles in the US produce more than 5 million vehicles yearly. The automotive industry includes original equipment manufacturers and auto components producers. Such massive sales of vehicles contribute to the overall growth of automotive gears market share in the US.

Symmco Inc, JTEKT Corp, American Axle & Manufacturing Inc, ThyssenKrupp AG, Dana Inc, Gear Motions Inc, GKN Automotive Ltd, AmTech International Inc, Univance Corp, and The Adams Co. are among the key North America automotive gears market players profiled during this study on the market. In addition, several other important market players were studied and analyzed during this study to get a holistic view of the North America automotive gears market and its ecosystem.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions:
4. Europe Frozen Sweet Potato Hash Brown and Tater Shots Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Manufacturers
4.4.3 Distributors/Suppliers
4.4.4 End Users
5. Europe Frozen Sweet Potato Hash Brown and Tater Shots Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Frozen Food
5.1.2 Escalating Sales of Frozen Snacks via E-Commerce Platforms
5.2 Market Restraints
5.2.1 Lack of Cold Chain Infrastructure in Developing Countries
5.3 Market Opportunities
5.3.1 Increasing Demand for Healthy Alternatives to Potato Products
5.4 Future Trends
5.4.1 Growing Popularity of Plant-Based Frozen Products
5.5 Impact Analysis of Drivers and Restraints
6. Frozen Sweet Potato Hash Brown and Tater Shots – Europe Market Analysis
6.1 Europe Frozen Sweet Potato Hash Brown and Tater Shots Market –Revenue and Forecast to 2030 (US$ Thousand)
7. Europe Frozen Sweet Potato Hash Brown and Tater Shots Market Analysis – By Product Type
7.1 Overview
7.2 Europe Frozen Sweet Potato Hash Brown and Tater Shots Market, By Product Type (2022 and 2030)
7.3 Hash Brown
7.3.1 Overview
7.3.2 Hash Brown: Europe Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
7.4 Tater Shots
7.4.1 Overview
7.4.2 Tater Shots: Europe Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
8. Europe Frozen Sweet Potato Hash Brown and Tater Shots Market Analysis – By End Use
8.1 Overview
8.2 Europe Frozen Sweet Potato Hash Brown and Tater Shots Market, By End Use (2022 and 2030)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Europe Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Europe Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
9. Europe Frozen Sweet Potato Hash Brown and Tater Shots Market – Country Analysis
9.1 Overview
9.1.1 Europe: Frozen Sweet Potato Hash Brown and Tater Shots Market, by Key Country
9.1.1.1 Germany: Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.1.1 Germany: Frozen Sweet Potato Hash Brown and Tater Shots Market, By Product Type
9.1.1.1.2 Germany: Frozen Sweet Potato Hash Brown and Tater Shots Market, by End Use
9.1.1.2 UK: Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.2.1 UK: Frozen Sweet Potato Hash Brown and Tater Shots Market, By Product Type
9.1.1.2.2 UK: Frozen Sweet Potato Hash Brown and Tater Shots Market, by End Use
9.1.1.3 France: Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.3.1 France: Frozen Sweet Potato Hash Brown and Tater Shots Market, By Product Type
9.1.1.3.2 France: Frozen Sweet Potato Hash Brown and Tater Shots Market, by End Use
9.1.1.4 Italy: Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.4.1 Italy: Frozen Sweet Potato Hash Brown and Tater Shots Market, By Product Type
9.1.1.4.2 Italy: Frozen Sweet Potato Hash Brown and Tater Shots Market, by End Use
9.1.1.5 Russia: Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.5.1 Russia: Frozen Sweet Potato Hash Brown and Tater Shots Market, By Product Type
9.1.1.5.2 Russia: Frozen Sweet Potato Hash Brown and Tater Shots Market, by End Use
9.1.1.6 Rest of Europe: Frozen Sweet Potato Hash Brown and Tater Shots Market – Revenue and Forecast to 2030 (US$ Thousand)
9.1.1.6.1 Rest of Europe: Frozen Sweet Potato Hash Brown and Tater Shots Market, By Product Type
9.1.1.6.2 Rest of Europe: Frozen Sweet Potato Hash Brown and Tater Shots Market, by End Use
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
11. Company Profiles
11.1 Lamb Weston Holdings Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 J.R. Simplot Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Handy Food Innovation Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Conagra Brands Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About
12.2 Word Index

LIST OF TABLES

Table 1. Automotive Gears Market Segmentation
Table 2. Steel and Aluminium Suppliers in North America
Table 3. List of Vendors
Table 4. Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn)
Table 5. North America Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Product type
Table 6. North America Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Material Type
Table 7. North America: Automotive Gears Market, by Application Revenue and Forecast to 2030 (US$ Million)
Table 8. North America Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Country
Table 9. United States Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Product type
Table 10. United States Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Material type
Table 11. United States Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Application
Table 12. Canada Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Product type
Table 13. Canada Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Material type
Table 14. Canada Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Application
Table 15. Mexico Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Product type
Table 16. Mexico Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Material type
Table 17. Mexico Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn) – Application
Table 18. Glossary of Terms, Automotive Gears Market

LIST OF FIGURES

Figure 1. Automotive Gears Market Segmentation, by Region
Figure 2. Automotive Gears Market – PEST Analysis
Figure 3. Automotive Gears Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers And Restraints
Figure 5. Automotive Gears Market Revenue (US$ Mn), 2020 – 2030
Figure 6. Automotive Gears Market Share (%) – Product type, (2022 and 2030)
Figure 7. Spur gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 8. Bevel gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 9. Helical gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. Worm Gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 11. Planetary Gears Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 12. Rack & Pinion Gears Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 13. Hypoid Gears Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 14. Others Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 15. North America Automotive Gears Market Revenue Share, by Application (2022 and 2030)
Figure 16. Metallic Gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Non-metallic Gears: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. North America Automotive Gears Market Revenue Share, by Application (2022 and 2030)
Figure 19. Transmission System: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. Steering System: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Differential System: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. Others: North America Automotive Gears Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. Automotive Gears Market Breakdown by Regional Analysis, 2022 And 2030 (%)
Figure 24. North America Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 25. North America Automotive Gears Market Revenue Share, by Product type (2022 and 2030)
Figure 26. North America Automotive Gears Market Revenue Share, by Material Type (2022 and 2030)
Figure 27. North America Automotive Gears Market Revenue Share, by Application (2022 and 2030)
Figure 28. North America Automotive Gears Market Breakdown by Key Countries, 2022 And 2030 (%)
Figure 29. United States Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 30. Canada Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 31. Mexico Automotive Gears Market Revenue And Forecasts To 2030 (US$ Mn)
Figure 32. Company Positioning & Concentration

The List of Companies – North America Automotive Gears Market
– Symmco Inc
– JTEKT Corp
– American Axle & Manufacturing Inc
– ThyssenKrupp AG
– Dana Inc
– Gear Motions Inc
– GKN Automotive Ltd
– AmTech International Inc
– Univance Corp
– The Adams Co

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