Automotive Worm Gears Market Playbook, Growth Opportunities and Trends by 2034

Automotive Worm Gears Market Size, Opportunities, Players and Projections

The automotive worm gears market is set to grow from USD 2.38 billion in 2025 to USD 3.93 billion by 2034, with an expected CAGR of 5.73% over the forecast period from 2025 to 2034.

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Introduction

The automotive worm gears market is a prominent segment of the automotive components industry. This industry deals in the manufacturing and distribution of worm gears for the automotive sector. There are various types of gears manufactured in this sector including single enveloping worm gears, double enveloping worm gears, non-enveloping worm gears and some others. These gears are developed using different kinds of materials such as steel, bronze and some others. It finds application in numerous kinds of vehicles comprising of passenger vehicles, commercial vehicles, off-highway vehicles and some others. The growing sales of passenger vehicles in different parts of the world has boosted the market growth. This market is expected to rise significantly with the growth of the automotive sector around the globe.

• According to the OICA, around 1316919 passenger vehicles were sold in Italy in 2022 that increased to 1565331 in 2023.

Highlights of the Automotive Worm Gears Market

• Asia Pacific held the largest share of the automotive worm gears market due to the presence of numerous automotive brands in this region.
• North America is expected to grow with a significant CAGR due to the rise in number of automotive component manufacturers in this region.
• The single enveloping worm gears segment led the industry due to their cost-effectiveness and simple designing.
• The passenger vehicles segment held the largest portion of the industry due to the growing demand for SUVs around the world.

Key Metrics and Overview

Automotive Worm Gears: Stats and Figures

• According to the OICA, around 65272367 passenger cars were sold globally in 2023.
• According to the Society of Indian Automobile Manufacturers, around 42.19 lakhs passenger cars were sold in India during 2023-24.
• According to the CEIC, around 289,827 passenger cars were sold in Sweden during December 2023.

Industry Leader Announcement

In May 2023, Vivek Vikram Singh, the CEO of Sona Comstar made an announcement stating that, “The new plant is a testament to the company’s dedication to innovation and excellence in manufacturing. The new plant is critical in scaling up capacities to fulfil the company’s large and growing net order book of Rs 238 billion. Sona Comstar’s global market share of differential gears increased from 5% in 2020 to 7.2% in 2022, according to Ricardo’s data. The company continues to dominate the Indian market for differential gears with a 60-90% market share across vehicle categories. The total investment required for this plant is estimated at Rs 231 crore.”

Geographical Insights

Asia Pacific held the highest share of the automotive worm gears market. The market is generally driven by the rising investment by automotive brands in this region. Also, the technological advancements in automotive sector coupled with the rising sales of commercial vehicles is crucial for the market expansion. Moreover, the presence of several market players such as Hindgear, Gear Motions, Sumitomo Heavy Industries Gearbox Co and some others is expected to drive the market growth in this region.

Competitive Landscape

The automotive worm gears market is a highly fragmented industry with the presence of several dominating players. Some of the prominent companies in this industry consists of GKN Automotive Limited, Magna International Inc., Dana Incorporated, BorgWarner Inc., ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., American Axle & Manufacturing, Inc., Meritor, Inc. and some others. These companies are constantly engaged in developing worm gears for automotives and adopting numerous strategies to maintain their dominant position in this industry.

Automotive Worm Gears Market Segmentations

By Type

• Single Enveloping Worm Gears
• Double Enveloping Worm Gears
• Non-enveloping Worm Gears

By Application

• Passenger Vehicles
• Commercial Vehicles
• Off-Highway Vehicles

By Material

• Steel
• Bronze
• Others

By Distribution Channel

• OEMs
• Aftermarket

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa