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 - Technavio

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.

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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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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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive differential gear market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global automotive differential gear market 2017 - 2021 ($ million)

• 4.2 Sales channel Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Sales channel Segment 2017 - 2021 ($ million)

• 4.3 Vehicle type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Channel

• 6.1 Market segments 
• Exhibit 30: Chart on Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Channel 
• Exhibit 32: Chart on Comparison by Channel
• Exhibit 33: Data Table on Comparison by Channel

• 6.3 Aftermarket - Market size and forecast 2022-2027
• Exhibit 34: Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)

• 6.4 OEM - Market size and forecast 2022-2027
• Exhibit 38: Chart on OEM - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on OEM - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on OEM - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on OEM - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Channel 
• Exhibit 42: Market opportunity by Channel ($ million)
• Exhibit 43: Data Table on Market opportunity by Channel ($ million)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments 
• Exhibit 44: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 46: Chart on Comparison by Vehicle Type
• Exhibit 47: Data Table on Comparison by Vehicle Type

• 7.3 Passenger cars - Market size and forecast 2022-2027
• Exhibit 48: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial vehicles - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Vehicle Type 
• Exhibit 56: Market opportunity by Vehicle Type ($ million)
• Exhibit 57: Data Table on Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 American Axle and Manufacturing Holdings Inc.
• Exhibit 111: American Axle and Manufacturing Holdings Inc. - Overview
• Exhibit 112: American Axle and Manufacturing Holdings Inc. - Business segments
• Exhibit 113: American Axle and Manufacturing Holdings Inc. - Key offerings
• Exhibit 114: American Axle and Manufacturing Holdings Inc. - Segment focus

• 12.4 AmTech International 
• Exhibit 115: AmTech International - Overview
• Exhibit 116: AmTech International - Product / Service
• Exhibit 117: AmTech International - Key offerings

• 12.5 Bharat Gears Ltd. 
• Exhibit 118: Bharat Gears Ltd. - Overview
• Exhibit 119: Bharat Gears Ltd. - Product / Service
• Exhibit 120: Bharat Gears Ltd. - Key offerings

• 12.6 Circle Gear and Machine Company Inc.
• Exhibit 121: Circle Gear and Machine Company Inc. - Overview
• Exhibit 122: Circle Gear and Machine Company Inc. - Product / Service
• Exhibit 123: Circle Gear and Machine Company Inc. - Key offerings

• 12.7 Dana Inc. 
• Exhibit 124: Dana Inc. - Overview
• Exhibit 125: Dana Inc. - Business segments
• Exhibit 126: Dana Inc. - Key news
• Exhibit 127: Dana Inc. - Key offerings
• Exhibit 128: Dana Inc. - Segment focus

• 12.8 Eaton Corp. Plc 
• Exhibit 129: Eaton Corp. Plc - Overview
• Exhibit 130: Eaton Corp. Plc - Business segments
• Exhibit 131: Eaton Corp. Plc - Key news
• Exhibit 132: Eaton Corp. Plc - Key offerings
• Exhibit 133: Eaton Corp. Plc - Segment focus

• 12.9 FA.TA. Ricambi S.p.A. 
• Exhibit 134: FA.TA. Ricambi S.p.A. - Overview
• Exhibit 135: FA.TA. Ricambi S.p.A. - Product / Service
• Exhibit 136: FA.TA. Ricambi S.p.A. - Key offerings

• 12.10 Gear Motions Inc. 
• Exhibit 137: Gear Motions Inc. - Overview
• Exhibit 138: Gear Motions Inc. - Product / Service
• Exhibit 139: Gear Motions Inc. - Key offerings

• 12.11 GKN Sinter Metals Engineering GmbH
• Exhibit 140: GKN Sinter Metals Engineering GmbH - Overview
• Exhibit 141: GKN Sinter Metals Engineering GmbH - Product / Service
• Exhibit 142: GKN Sinter Metals Engineering GmbH - Key offerings

• 12.12 Hitachi Ltd. 
• Exhibit 143: Hitachi Ltd. - Overview
• Exhibit 144: Hitachi Ltd. - Business segments
• Exhibit 145: Hitachi Ltd. - Key news
• Exhibit 146: Hitachi Ltd. - Key offerings
• Exhibit 147: Hitachi Ltd. - Segment focus

• 12.13 Linamar Corp. 
• Exhibit 148: Linamar Corp. - Overview
• Exhibit 149: Linamar Corp. - Business segments
• Exhibit 150: Linamar Corp. - Key offerings
• Exhibit 151: Linamar Corp. - Segment focus

• 12.14 Neapco Holdings LLC 
• Exhibit 152: Neapco Holdings LLC - Overview
• Exhibit 153: Neapco Holdings LLC - Product / Service
• Exhibit 154: Neapco Holdings LLC - Key offerings

• 12.15 NSK Ltd. 
• Exhibit 155: NSK Ltd. - Overview
• Exhibit 156: NSK Ltd. - Business segments
• Exhibit 157: NSK Ltd. - Key offerings
• Exhibit 158: NSK Ltd. - Segment focus

• 12.16 Polaris Inc. 
• Exhibit 159: Polaris Inc. - Overview
• Exhibit 160: Polaris Inc. - Business segments
• Exhibit 161: Polaris Inc. - Key offerings
• Exhibit 162: Polaris Inc. - Segment focus

• 12.17 Shandong Heavy Industry Group Co. Ltd.
• Exhibit 163: Shandong Heavy Industry Group Co. Ltd. - Overview
• Exhibit 164: Shandong Heavy Industry Group Co. Ltd. - Product / Service
• Exhibit 165: Shandong Heavy Industry Group Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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