Automotive Articles - Vehicular gear assemblies to be fastest growing segment
The motor vehicle market for gears and gear assemblies is forecast to register the fastest gains of any market through 2013, advancing 4.7 percent per year to $23.8 billion. Gains will be supported by an expected rebound in production of all vehicle types, although output of light trucks and vans will be slower to recover as consumers continue to opt for smaller vehicles. Trends within the automotive industry will also support higher sales of higher-value gear products, as transmissions will generally feature more speeds, power accessories will require more gearmotors, and more cars will feature four-wheel-drive systems that require the use of differentials. Transfer case sales will also be boosted by the strong growth of medium and heavy vehicle production. However, several emerging trends in the motor vehicle industry will limit gear demand increases. Continuously variable transmissions, which do not require gears, are rapidly gaining a foothold in the automobile segment of the industry. Furthermore, steer-by-wire technology could eventually limit the use of gears in steering assemblies.
Vehicular gear assemblies to be fastest growing segment Vehicular gear assemblies will post the strongest growth of any product category, with sales increasing 4.4 percent per year through 2013. Advances in this category will be spurred by the recovery in motor vehicle production. Increases in both the non-vehicular gear assembly and individual gear product categories will moderate from the pace registered during the 2003-2008 period. Within the individual gear category, helical and bevel gears will post the strongest gains. Helical gears will continue to displace spur gears in a number of applications, while bevel gear manufacturers will continue to take advantage of high-value sales opportunities in the aerospace market.
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