Drive Assy Market Analysis

Distribution Channel (OEM, Aftermarket)

In drive assy market, OEM segment is poised to dominate around 53% share by the end of 2036. OEMs play a vital role in ensuring quality control and adhering to industry standards. They are responsible for maintaining consistent production standards and delivering reliable drive assemblies to their customers.

 Also, OEMs work closely with vehicle manufacturers to design and develop drive assemblies that meet specific requirements, such as performance, durability, and cost-effectiveness. Furthermore, the expansion of the automotive industry, and the growing demand for technological innovation are escalating the growth of the segment. OEMs strive to provide innovative drive assembly solutions that meet the changing needs of vehicle manufacturers.

Component (Chain & Sprocket, Gear & Pinion, Converters, Motors, Couplings)

In drive assy market, gear & pinion segment is estimated to account for more than 34% revenue share by the end of 2036. Gear and pinion drives offer a wide range of speed and torque for the same input power, with more precise timing than a chain system, less noise & friction loss, and other advantages over other parts. Since the gear provides positive drive, a high-velocity ratio can be achieved in the least amount of area.

Also, there is a growing demand for fuel-efficient vehicles and the need for noise reduction.  For instance, the 2022 new model vehicle’s fuel efficiency is estimated to be over 25 mpg. Whereas, the 2002 model vehicles’ fuel efficiency was approximately 18 mpg – indicating an improvement of about 34%. Moreover, manufacturers in this segment constantly innovate to develop gears and pinions with improved efficiency, reduced weight, and enhanced performance.

Our in-depth analysis of the global drive assy market includes the following segments: