Market Overview:
The global precision-forged gears market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for precision-forged gears from various end-use industries. Based on type, the global precision-forged gears market has been segmented into metallic and nonmetallic. The metallic segment is expected to account for a larger share of the global market during the forecast period. This can be attributed to the superior properties offered by metals such as strength, hardness, and wear resistance over other materials used for manufacturing gears. On basis of application, bus and coach; construction and utility; defense; fire and rescue; trailer; truck are some of the key segments considered in this study. Defense sector is expected to witness highest growth during forecast period owing increasing demand from countries such as India, China, Russia etc.
Product Definition:
Precision-Forged Gears are gears that are specifically designed and manufactured to have a very precise tooth profile. This results in a gear that has excellent meshing characteristics and is very wear resistant. Precision-Forged Gears are often used in applications where high accuracy and reliability are required.
Metallic:
Metallic is a material that has at least one stable metallic crystal. It can be either ductile or brittle depending on the temperature and pressure conditions under which it is operated. The most common examples of metallic materials are aluminum, iron, copper and zinc - steel alloys. Some other important examples include magnesium alloys, titanium alloys & stainless steel and high strength steels & carbon fiber among others.
Non-Metallic:
Non-metallic and it's usage in precision-forged gears market is expected to witness significant growth over the forecast period. Precision forged gears are manufactured by using non-metallic materials such as silicon carbide, tungsten carbide, or ceramic material instead of metal. These materials have high strength and wear resistance properties which make them suitable for use in high load applications of precision forging machines.
Application Insights:
The market is segmented by application into bus and coach, construction and utility, defense, trailer, truck, and other applications. The bus and coach application segment accounted for the largest share in 2017 owing to the growing demand from developing countries such as India, China Indonesia. In addition to this factor several key players have forged partnerships with local bus manufacturers which has led to an increase in product penetration.
The construction industry was one of the major contributors towards growth in North America region due to increasing investments from governments across various countries including Canada Mexico U.S., Brazil Argentina Chile Colombia Venezuela which are aimed at developing infrastructure & improving living conditions among masses thus leading towards increased adoption of precision-forged gears within this sector over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Indonesia. Increasing demand for precision-forged gears from these countries coupled with growing automotive production in these nations will drive the regional market growth. In addition, rising investments by multinational companies for manufacturing their products will further propel product demand in Asia Pacific.
The European market held a share of more than 20% of total revenue in 2017 owing to high demand from industries including automotive and construction & utility sector which are witnessing growth due to increasing population across Europe especially after Brexit decision taken by UK government on 23 June 2016 which has led an increase in consumer spending power thus boosting industrial output leading to higher sales of precision forged parts such as gears thus driving the overall regional market growth over the forecast period.
Growth Factors:
- Increasing demand for gears in the automotive and aerospace industries
- Growing popularity of precision-forged gears among Original Equipment Manufacturers (OEMs)
- Rising need for lightweight and durable gears
- Technological advancements in forging processes and gear manufacturing technologies
- Growing demand for customized gears
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision-Forged Gears Market Research Report
By Type
Metallic, Non-Metallic
By Application
Bus and Coach, Construction and Utility, Defense, Fire and Rescue, Trailer, Truck, Others
By Companies
Eaton, NGC Gears, Mazak, IM Gears, Gleason, Horsburgh & Scott, Bharat Gears, RotoMetrics, Meritor, KHK Gears, Triveni Group, Amarillo Gear
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Precision-Forged Gears Market Report Segments:
The global Precision-Forged Gears market is segmented on the basis of:
Types
Metallic, Non-Metallic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bus and Coach, Construction and Utility, Defense, Fire and Rescue, Trailer, Truck, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- NGC Gears
- Mazak
- IM Gears
- Gleason
- Horsburgh & Scott
- Bharat Gears
- RotoMetrics
- Meritor
- KHK Gears
- Triveni Group
- Amarillo Gear
Highlights of The Precision-Forged Gears Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metallic
- Non-Metallic
- By Application:
- Bus and Coach
- Construction and Utility
- Defense
- Fire and Rescue
- Trailer
- Truck
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision-Forged Gears Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision-Forged Gears are gears that have been precision-forged, which means they have been heated and then cooled to a very precise temperature. This process creates extremely strong gears that can handle high loads without breaking.
Some of the major players in the precision-forged gears market are Eaton, NGC Gears, Mazak, IM Gears, Gleason, Horsburgh & Scott, Bharat Gears, RotoMetrics, Meritor, KHK Gears, Triveni Group, Amarillo Gear.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision-Forged Gears Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Precision-Forged Gears Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision-Forged Gears Market - Supply Chain
4.5. Global Precision-Forged Gears Market Forecast
4.5.1. Precision-Forged Gears Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision-Forged Gears Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision-Forged Gears Market Absolute $ Opportunity
5. Global Precision-Forged Gears Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Precision-Forged Gears Market Size and Volume Forecast by Type
5.3.1. Metallic
5.3.2. Non-Metallic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision-Forged Gears Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Precision-Forged Gears Market Size and Volume Forecast by Application
6.3.1. Bus and Coach
6.3.2. Construction and Utility
6.3.3. Defense
6.3.4. Fire and Rescue
6.3.5. Trailer
6.3.6. Truck
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision-Forged Gears Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Precision-Forged Gears Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Precision-Forged Gears Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Precision-Forged Gears Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Precision-Forged Gears Demand Share Forecast, 2019-2029
9. North America Precision-Forged Gears Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Precision-Forged Gears Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Precision-Forged Gears Market Size and Volume Forecast by Application
9.4.1. Bus and Coach
9.4.2. Construction and Utility
9.4.3. Defense
9.4.4. Fire and Rescue
9.4.5. Trailer
9.4.6. Truck
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision-Forged Gears Market Size and Volume Forecast by Type
9.7.1. Metallic
9.7.2. Non-Metallic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Precision-Forged Gears Demand Share Forecast, 2019-2029
10. Latin America Precision-Forged Gears Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Precision-Forged Gears Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Precision-Forged Gears Market Size and Volume Forecast by Application
10.4.1. Bus and Coach
10.4.2. Construction and Utility
10.4.3. Defense
10.4.4. Fire and Rescue
10.4.5. Trailer
10.4.6. Truck
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision-Forged Gears Market Size and Volume Forecast by Type
10.7.1. Metallic
10.7.2. Non-Metallic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Precision-Forged Gears Demand Share Forecast, 2019-2029
11. Europe Precision-Forged Gears Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Precision-Forged Gears Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Precision-Forged Gears Market Size and Volume Forecast by Application
11.4.1. Bus and Coach
11.4.2. Construction and Utility
11.4.3. Defense
11.4.4. Fire and Rescue
11.4.5. Trailer
11.4.6. Truck
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision-Forged Gears Market Size and Volume Forecast by Type
11.7.1. Metallic
11.7.2. Non-Metallic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Precision-Forged Gears Demand Share, 2019-2029
12. Asia Pacific Precision-Forged Gears Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Precision-Forged Gears Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Precision-Forged Gears Market Size and Volume Forecast by Application
12.4.1. Bus and Coach
12.4.2. Construction and Utility
12.4.3. Defense
12.4.4. Fire and Rescue
12.4.5. Trailer
12.4.6. Truck
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision-Forged Gears Market Size and Volume Forecast by Type
12.7.1. Metallic
12.7.2. Non-Metallic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Precision-Forged Gears Demand Share, 2019-2029
13. Middle East & Africa Precision-Forged Gears Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Precision-Forged Gears Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Precision-Forged Gears Market Size and Volume Forecast by Application
13.4.1. Bus and Coach
13.4.2. Construction and Utility
13.4.3. Defense
13.4.4. Fire and Rescue
13.4.5. Trailer
13.4.6. Truck
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision-Forged Gears Market Size and Volume Forecast by Type
13.7.1. Metallic
13.7.2. Non-Metallic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Precision-Forged Gears Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Precision-Forged Gears Market: Market Share Analysis
14.2. Precision-Forged Gears Distributors and Customers
14.3. Precision-Forged Gears Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Eaton
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NGC Gears
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mazak
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IM Gears
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gleason
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Horsburgh & Scott
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bharat Gears
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. RotoMetrics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Meritor
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KHK Gears
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Triveni Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Amarillo Gear
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook