Automotive Gearbox Market to Reach USD 163.54 Billion by 2030, Growing at a CAGR of 4.24%
Automotive gearboxes play a crucial role in vehicle performance by regulating the transfer of power from the engine to the wheels. With advancements in transmission technologies, such as automatic, dual-clutch, and hybrid gearboxes, the market is evolving to meet the needs of an increasingly eco-conscious and performance-driven automotive industry. The growing demand for electric vehicles (EVs) and hybrids is also expected to spur innovation in gearbox technology, further expanding the market.
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