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Automotive Gear Reducer Market Share
Valeo and Eaton hold a market share of over 10% in the automotive gear reducer industry. Valeo is focusing on developing advanced powertrain components for electric vehicles, such as electric motors and gear reducers. The company is expanding its EV gear reducer portfolio to improve energy efficiency, range, and performance. To strengthen its position in the automotive gear reducers market, Valeo has formed strategic partnerships and made acquisitions. These efforts, including collaborations with automakers, help diversify its products and maintain its competitive edge in transmission and driveline solutions.
Eaton is focused on enhancing its presence in the automotive gear reducer industry by developing advanced transmission systems for electric and hybrid vehicles. The company invests in high-efficiency powertrains to improve fuel economy and reduce emissions. Eaton is also expanding its EV component portfolio, focusing on lightweight and compact gear reducers to meet the rising demand for sustainable automotive solutions. These innovations aim to boost the efficiency and performance of electric vehicles.
Automotive Gear Reducer Market Companies
Major players operating in the automotive gear reducer industry include:
- American Axle & Manufacturing
- BorgWarner
- Bosch Group
- Dana
- Eaton
- Nidec
- Regal Rexnord
- SEW Eurodrive
- Sumitomo
- Valeo
What is the size of the Asia Pacific automotive gear reducer industry?
The Asia Pacific market held over 35% of the global share in 2024, fueled by the rapid growth of the EV market, particularly in China, and the region's strong automotive manufacturing base.
Why is the use of planetary gear reducers increasing?
The planetary gear reducers segment accounted for approximately 39% of the market share in 2024, owing to their ability to handle high torque while maintaining a compact size, making them ideal for automotive applications.
How big is the automotive gear reducer market?
The market size of automotive gear reducer reached USD 11.3 billion in 2024 and is set to grow at a 4.2% CAGR from 2025 to 2034, driven by the rising demand for electric vehicles (EVs) globally.
Who are the major players in the automotive gear reducer market?
Major players in the industry include American Axle & Manufacturing, BorgWarner, Bosch Group, Dana, Eaton, Nidec, Regal Rexnord, SEW Eurodrive, Sumitomo, and Valeo.