Global Drive Assy Market is expected to foresee significant growth. APAC to lead the growth!
- Himanshu Patni
- July 21, 2023
- AUTOMOTIVE, NEWS
- Bahrain Drive Assy Market, Drive Assy Market, Drive Assy Market Analysis, Drive Assy Market Forecast, Drive Assy Market Growth, Drive Assy Market Share, Drive Assy Market Size, Drive Assy Market Trends, Kuwait Drive Assy Market, Middle East Drive Assy Market, Oman Drive Assy Market, Qatar Drive Assy Market, Saudi Arabia Drive Assy Market, UAE Drive Assy Market
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A drive assembly has a skew axis input gear set and a parallel axis output gear set. The face gear of the input gear set and the spur gear of the output gear set are integrally molded of a suitable material forming a cluster gear. The output gear set has a configuration which is compatible with that of the gear which drives it. In recent years, the demand for the drive assy has risen dramatically due to the advancement and innovation in the field of automation and robotics. A.I driven tools and machinery is one of the reasons of expansion for the drive assay in the field of healthcare, logistics and robotics.
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The Drive Assy Market is expected to grow at a steady rate of around 5% owing to the increase in the sales of automotive vehicles and income of middle-class individuals who are preferring automated machinery rather than manual labour. Major companies in the market offer drive assy with technologically advanced features. For instance, the present invention involves a compact gear drive assembly for use in a window actuator. More specifically, the drive assembly can be used with a small high-speed motor to form a power actuator for an electrically operated automobile window.
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Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Among these, the passenger vehicle segment to hold a significant share of the market in 2020. Passenger vehicle sales globally have increased due to increased disposable income and the need for the upgradation of lifestyle. Improved technology, like advanced driver assistance systems, has been widely adopted in recent years (ADAS). Hence, the popularity of electric automobiles is also increasing the demand for passenger cars.
Based on component type, the market is categorized into chain & sprocket, gear & pinion, converters, motors, couplings, and others. The Gear & Pinion category, amongst other segments, holds the dominant share of the market. Dominant share in the market of this segment is due to various benefits of this segment over other segments such as gear & pinion drives provides large range of speed and torque for same input power, with more accurate timing than a chain system does, less friction loss and noise. Gear is positive drive; hence large velocity ratio can be obtained with minimum space. Gears are mechanically strong, so higher loads can be lifted. Hence, considering all the benefits this segment is preferred on a large scale in the drive assy market.
For a better understanding of the market adoption of the drive assy industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Due to rising consumer disposable income and the rising popularity of electric vehicles because of social media marketing and telemarketing’s impact on the industry, the Asia Pacific regional market is anticipated to grow throughout the forecasting period. The obstacles facing the APAC market and anticipated to stifle market expansion are high taxes on electrical components and rising import fees on produced electrical cars. Considering the obstacles, the sales in automotive market have grown significantly in recent years and are expected to grow at higher rate. Due to which demand from the drive assy will increase automatically in this region and will fuel the growth of the drive assy market. All these factors collectively will cause APAC region to grow with higher CAGR amongst the other regions.
Some of the major players operating in the market include ABB, Robert Bosch GmbH, ThyssenKrupp AG, Continental AG, BorgWarner Inc., AISIN CORPORATION, ZF Friedrichshafen AG, DENSO Corporation, General Motors, HITACHI Automotive Systems, Ltd.
Global Drive Assy Market Segmentation
Market Insight, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Market Insight, by Component Type
- Chain & Sprocket
- Gear & Pinion
- Converters
- Motors
- Couplings
- Others
Market Insight, by End Users
- Automotive
- Healthcare
- Logistics
- Aviation
- Automation & Robotics
- Others
Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- ABB
- Robert Bosch GmbH
- ThyssenKrupp AG
- Continental AG
- BorgWarner Inc.
- AISIN CORPORATION
- ZF Friedrichshafen AG
- DENSO Corporation
- General Motors
- HITACHI Automotive Systems, Ltd.
