The global Pinion Gear market size was USD 6.0 billion in 2022 and is expected to reach a value of USD 9.31 billion in 2032 and register a revenue CAGR of 5% during the forecast period. The increasing sales of passenger automobiles, the rising need for fuel-efficient vehicles, and the expanding demand for electric and Hybrid Vehicles are the main drivers of the market revenue growth.

The vehicle transmission system, which makes it easier to transfer power from the engine to the wheels, must include pinion gears. The automobile industry is moving towards lightweight and compact designs that require high-quality pinion gears as a result of the rising demand for fuel-efficient vehicles. Manufacturers are spending money on Research and Development (R&D) to create cutting-edge pinion gear designs that offer lighter weight, better fuel efficiency, and greater durability. The market revenue growth for Pinion Gear s is being driven by this.

Get a sample of the report @ 

In addition, the popularity of hybrid and electric cars is increasing demand for Pinion Gear s. In order to suit the electric motor’s characteristics, the transmission system and its components must be specially designed since electric and hybrid vehicles function differently from conventional gasoline-powered vehicles. The demand for specially manufactured pinion gears for electric and hybrid vehicles is being driven by this.

Moreover, the need for Pinion Gear s is being driven by the rising sales of passenger cars. People are choosing passenger automobiles more and more due to rising disposable money and shifting lifestyles. Both manual and automatic transmission systems include pinion gears, which are a crucial component of the car transmission system. The need for Pinion Gear s is therefore being driven by the increase in passenger car sales.

In addition, the growing focus on lowering carbon emissions is driving up demand for automobile pinion gears. Globally, governments are enacting strict measures to lower automobile carbon emissions. This is fueling the desire for eco-friendly and fuel-efficient cars, which is fueling the demand for high-performance, lightweight Pinion Gear s.

Competitive Landscape:

  • GKN Automotive Limited
  • Bharat Gears Ltd.
  • American Axle & Manufacturing, Inc.
  • Showa Corporation
  • ZF Friedrichshafen AG
  • Dana Incorporated
  • Meritor, Inc.
  • JTEKT Corporation
  • NSK Ltd.
  • Linamar Corporation

The global market is further segmented into type and application:

By Material Type Outlook  

  • Steel
  • Cast Iron
  • Others
By Vehicle Type Outlook  

  • Passenger Vehicles
  • Commercial Vehicles
  • Electric Vehicles

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To request customization of this report @ 

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Browse More Reports:

ICT Investment in Government Market @

IoT Telecom Service Market @

Narrowband-Internet of Things (Nb-IoT) Chipset Market @

Refinancing Market @

Smart Manufacturing Devices Market @

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web:

Direct Line: +1-212-710-1370


Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @

Browse More Latest Reports @

Leave a Reply

Your email address will not be published. Required fields are marked *