Global Automotive Gears Market: Industry Evaluation And Forecast
The European Automobile Manufacturers Association noted that in 2023, over 40% of new passenger automobiles in Europe have been outfitted with AMTs or DCTs. These advanced transmission methods require precision-engineered gears to make sure clean operation and improved fuel efficiency. Electrification of autos is another major driver of the automotive gears market. The U.S. Department of Energy reported that electric vehicle sales globally reached 10 million units in 2022, a 55% improve from 2021.
The ring gear of the differential and the enter pinion gear are each hypoid. This allows the input pinion to be mounted decrease than the axis…