Global Automotive Gearbox Market is projected to reach USD xx billion by 2024 from USD 92.38 billion in 2016, exhibiting a CAGR of 4.22% during 2016-2024
Global Automotive Gearbox Market is segmented by the application (automatic transmission, automated manual transmission, dual clutch transmission, manual), number of gears (3-5, 6-8, above 8), vehicle type, and region (North-America, Europe, Latin America, Middle East, Asia-Pacific)
By application, manual transmission segment is projected to hold the largest market share in the Global Automotive Gearbox Market. Global Automotive Gearbox Market portion of this segment is the highest in growing economies such as India and Brazil because of its cost-effectiveness. However, the increasing
demand for smooth gear shifting and convenient driving has fueled the demand for automatic transmission and automatic manual transmission in these countries, which is restraining the market for manual transmission.
By vehicle type, passenger cars segment is projected to hold the largest share of the Global Automotive Gearbox Market.
Growth in the production of passenger cars globally, high demand for premium vehicles and SUVs, and expectation of great performance from personal vehicles are incrising the growth of this market. Global demand for passenger cars is greater than that for commercial vehicles and is expected to grow more in the future. Moreover, factors such as the large number of luxury light-duty vehicles in Europe and North America and the increasing demand for these vehicles in the Asia-Pacific (APAC) region are increasing the demand for the automotive gearbox.
Global 1,6-Hexanediol Market
Global 1,6-Hexanediol Market was valued at 732 million in 2016 and is expected to reach 1554.7 million by 2026 at a CAGR of 7.82%. 1,6-Hexanediol offers flexibility, quality, high temperature resistance and efficient performance across a range of end use in industries. It is utilized as an intermediary in diverse applications such as PU, coatings, and acrylates among others. It is readily biodegradable, provides high performance and has low environmental impacts during operational exposure to workers thereby forming few key factors contributing to the improved consumption of 1,6-Hexanediol. High variations in raw material prices, rise in availability of substitute products as Pentanediol and Butendiiol, along with lack of awareness in developing countries such as Saudi Arabia, India and UAE may hamper the market growth for 1,6-Hexanediol market. The shift of European players to emerging countries such as India, and China along with the growth of the automotive market in the Asia-
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