Market Overview:
The global speedometer gears market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India. Additionally, the increasing demand for luxury cars and SUVs is also contributing to the growth of this market. The global speedometer gears market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into plastic gears, steel/plastic gears, and others (including aluminum alloy). The plastic gear segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its properties such as light weight and durability. On the basis of application, it can be classified into cars & vans; SUVs & pickup trucks; commercial vehicles; two-wheelers; three-wheelers; and others (including agricultural equipment). The cars & vans segment is estimated to account for a major share of this market in 2018 owing to rising demand for passenger vehicles across regions. However, with growing awareness about environment conservation among consumers coupled with stringent emission norms being implemented by various governments aroundthe world are likelyto boostthe uptakeof electric vehicles over conventional internal combustion engine (ICE) vehicles overthe forecastperiodand henceforth leadtothe declineinthesegment’smarket share .
Product Definition:
The gears inside a speedometer control how quickly the needle moves around the dial. The slower the gears, the more time it takes for the needle to make a full rotation. This is important because it affects how quickly your speed is displayed on the speedometer.
Plastic:
Plastic is a durable, versatile, lightweight material that can be molded into an almost unlimited number of shapes. It is the most commonly used material in the gears industry. The global plastics market size was valued at USD 575 billion in 2015 and it is expected to witness significant growth over the forecast period owing to its growing demand for manufacturing speedometer gears.
The gear manufacturers are shifting towards plastic materials from metal & alloys on account of their low cost and high durability feature.
Steel/Plastic:
Steel/plastic is a combination of iron and plastic, it is used in the manufacturing of speedometer gears. The product has high demand due to its properties such as corrosion resistance, strength and lightweight. Steel/plastic speedometer gear market can be segmented on the basis of application into automotive & transportation, consumer goods and industrial applications.
Application Insights:
The vehicles application segment includes cars, SUV, pickup trucks, commercial vehicle and two-wheeler. The cars segment held the largest share of over 70.0% in 2017 owing to the rising sales of passenger vehicles in developing countries including India and China. The growing trend of buying luxury sports cars with advanced safety features is expected to drive the demand for speedometer gears over the forecast period.
The commercial vehicle segment is expected to register a significant CAGR exceeding 5% from 2018 to 2030 on account of increasing utilization as a mode of transport for logistics purposes across various regions including North America.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for high-performance vehicles and stringent regulations regarding fuel economy. Europe also held a significant share of global revenue, due to rising demand for speedometers with features such as instant gearshift and gear indicator light. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rapid industrialization, coupled with increasing disposable income levels among consumers. Moreover, rising sales of premium cars are further expected drive regional growth during the forecast period.
The product demand in China was valued at USD X million in 2016 on account of presence of numerous automotive manufacturers including Changan Automobile, Dongfeng Motor Corporation and FAW Group Co., Ltd.
Growth Factors:
- Increasing demand for automobiles
- Growing automotive sector in developing countries
- Rising disposable income of consumers
- Technological advancements in speedometer gears manufacturing process
- Stringent government regulations for safety and emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Speedometer Gears Market Research Report
By Type
Plastic, Steel/Plastic, Others
By Application
Cars, SUV, PickupTrucks, Commercial Vehicle, Two-Wheeler, Three-Wheeler
By Companies
TCI Automotive, LaSpeedometerGear, Scott Drake, Rugged Ridge, Advance Adapters, Crown Automotive, American Powertrain, ATP, Chevrolet Performance, James Gaskets, Steeda, Motive Gear
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Speedometer Gears Market Report Segments:
The global Speedometer Gears market is segmented on the basis of:
Types
Plastic, Steel/Plastic, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cars, SUV, PickupTrucks, Commercial Vehicle, Two-Wheeler, Three-Wheeler
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TCI Automotive
- LaSpeedometerGear
- Scott Drake
- Rugged Ridge
- Advance Adapters
- Crown Automotive
- American Powertrain
- ATP
- Chevrolet Performance
- James Gaskets
- Steeda
- Motive Gear
Highlights of The Speedometer Gears Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plastic
- Steel/Plastic
- Others
- By Application:
- Cars
- SUV
- PickupTrucks
- Commercial Vehicle
- Two-Wheeler
- Three-Wheeler
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Speedometer Gears Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Speedometer gears are the gears that convert rotational motion into linear motion, which is then used to measure speed.
Some of the key players operating in the speedometer gears market are TCI Automotive, LaSpeedometerGear, Scott Drake, Rugged Ridge, Advance Adapters, Crown Automotive, American Powertrain, ATP, Chevrolet Performance, James Gaskets, Steeda, Motive Gear.
The speedometer gears market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Speedometer Gears Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Speedometer Gears Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Speedometer Gears Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Speedometer Gears Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Speedometer Gears Market Size & Forecast, 2018-2028
4.5.1 Speedometer Gears Market Size and Y-o-Y Growth
4.5.2 Speedometer Gears Market Absolute $ Opportunity
Chapter 5 Global Speedometer Gears Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Speedometer Gears Market Size Forecast by Type
5.2.1 Plastic
5.2.2 Steel/Plastic
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Speedometer Gears Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Speedometer Gears Market Size Forecast by Applications
6.2.1 Cars
6.2.2 SUV
6.2.3 PickupTrucks
6.2.4 Commercial Vehicle
6.2.5 Two-Wheeler
6.2.6 Three-Wheeler
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Speedometer Gears Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Speedometer Gears Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Speedometer Gears Analysis and Forecast
9.1 Introduction
9.2 North America Speedometer Gears Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Speedometer Gears Market Size Forecast by Type
9.6.1 Plastic
9.6.2 Steel/Plastic
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Speedometer Gears Market Size Forecast by Applications
9.10.1 Cars
9.10.2 SUV
9.10.3 PickupTrucks
9.10.4 Commercial Vehicle
9.10.5 Two-Wheeler
9.10.6 Three-Wheeler
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Speedometer Gears Analysis and Forecast
10.1 Introduction
10.2 Europe Speedometer Gears Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Speedometer Gears Market Size Forecast by Type
10.6.1 Plastic
10.6.2 Steel/Plastic
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Speedometer Gears Market Size Forecast by Applications
10.10.1 Cars
10.10.2 SUV
10.10.3 PickupTrucks
10.10.4 Commercial Vehicle
10.10.5 Two-Wheeler
10.10.6 Three-Wheeler
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Speedometer Gears Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Speedometer Gears Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Speedometer Gears Market Size Forecast by Type
11.6.1 Plastic
11.6.2 Steel/Plastic
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Speedometer Gears Market Size Forecast by Applications
11.10.1 Cars
11.10.2 SUV
11.10.3 PickupTrucks
11.10.4 Commercial Vehicle
11.10.5 Two-Wheeler
11.10.6 Three-Wheeler
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Speedometer Gears Analysis and Forecast
12.1 Introduction
12.2 Latin America Speedometer Gears Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Speedometer Gears Market Size Forecast by Type
12.6.1 Plastic
12.6.2 Steel/Plastic
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Speedometer Gears Market Size Forecast by Applications
12.10.1 Cars
12.10.2 SUV
12.10.3 PickupTrucks
12.10.4 Commercial Vehicle
12.10.5 Two-Wheeler
12.10.6 Three-Wheeler
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Speedometer Gears Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Speedometer Gears Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Speedometer Gears Market Size Forecast by Type
13.6.1 Plastic
13.6.2 Steel/Plastic
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Speedometer Gears Market Size Forecast by Applications
13.10.1 Cars
13.10.2 SUV
13.10.3 PickupTrucks
13.10.4 Commercial Vehicle
13.10.5 Two-Wheeler
13.10.6 Three-Wheeler
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Speedometer Gears Market: Competitive Dashboard
14.2 Global Speedometer Gears Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TCI Automotive
14.3.2 LaSpeedometerGear
14.3.3 Scott Drake
14.3.4 Rugged Ridge
14.3.5 Advance Adapters
14.3.6 Crown Automotive
14.3.7 American Powertrain
14.3.8 ATP
14.3.9 Chevrolet Performance
14.3.10 James Gaskets
14.3.11 Steeda
14.3.12 Motive Gear
