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Automotive gears market worth 38.27 billion USD by 2020

The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015 to 2020. The global market is estimated to be at USD 28.47 Billion in 2015 and is projected to reach USD 38.27 Billion by 2020. Asia-Pacific is the largest market for automotive gears, followed by North America and Europe.

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The report "Automotive Gears Market by Application (Transmission, Differential, Steering System, Other), Product Type (Planetary, Bevel, Rack & Pinion, Hypoid, Worm, Helical, Non-Metallic), Material (Metallic, Non-Metallic), & by Vehicle Type - Global Forecasts to 2020", The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015 to 2020. The market is estimated to be USD 28.47 Billion in 2015 and is projected to reach USD 38.27 Billion by 2020.

Smooth gear shifting (which enhances the driving experience) and the growing demand for low-carbon-footprint technologies are some of the key drivers fueling the growth of the global automotive gears market.

Browse more than 78 market data tables with 46 figures spread through 144 Pages and in-depth TOC on "Automotive Gears Market by Application (Transmission, Differential, Steering System, Other), Product Type (Planetary, Bevel, Rack & Pinion, Hypoid, Worm, Helical, Non-Metallic), Material (Metallic, Non-Metallic), & by Vehicle Type - Global Forecasts to 2020"  

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