Market Overview:
Gear reducers are devices that reduce the speed of a rotating shaft by transferring power through gears. Gear reducers are used in a variety of applications, including passenger vehicles, commercial vehicles, agricultural equipment, and industrial construction. The global gear reducers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The global gear reducers market is segmented by type into bevel gear reducers, worm gear reducer, and helical gear reducer. The bevel gear Reducers segment is expected to grow at the highest CAGR during the forecast period owing to its high efficiency and compact size.
Product Definition:
Gear reducers are devices that reduce the speed of a rotating shaft. They do this by providing a set of gears that turn at different speeds. The output shaft of the gear reducer turns slower than the input shaft, but delivers more torque. This makes them ideal for applications where high torque is needed, such as in industrial equipment or automobiles.
Bevel Gear Reducers:
Bevel gear reducers are used to reduce the diameter of a beveled gear. They can be used in place of spur or Helical gears and have the advantage of being able to mesh with both clockwise and anticlockwise rotation.
Worm Gear Reducer:
A gear reducer is a device that reduces the size of an input gear to fit more closely between two or more output gears. The result is that the overall speed of the machine is increased, but at the same time, torque (the measure of rotational force) and speed are reduced to keep things running smoothly.
In most cases, a gear reducer will have four teeth on one side.
Application Insights:
The passenger vehicle segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for vehicles in emerging economies such as China, India, Brazil and Mexico. In addition, favorable government policies promoting electric vehicles are expected to drive demand over the coming years.
Commercial Vehicles (CCV) application segment is also estimated to witness significant growth during the forecast period owing to rising demand from developing countries such as South Africa, Indonesia and Malaysia among others which are projected grow exponentially owing to their booming construction sectors over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to continue its dominance over the forecast period owing to increasing industrialization and rapid urbanization, which has led to an increase in construction activities. Moreover, rising disposable income levels are anticipated to fuel demand for automobiles and other modes of transportation, thereby propelling product demand from 2018 to 2030.
Europe accounted for a significant share of revenue as well as volume in 2017 on account of growing automotive industry across major countries such as Germany, France and Russia coupled with increased production capacities worldwide. However, stringent government regulations regarding vehicle emissions along with increasing R&D activities by various manufacturers may hinder growth during the forecast period.
North America is projected to witness steady growth over the coming years owing both volumes (for reduction gearboxes used within electric vehicles) and revenues (for reduction gearboxes used within conventional internal combustion engine vehicles).
Growth Factors:
- Increasing demand from the automotive industry for gears and gear reducers as they are used in various applications such as power steering, transmission, and braking systems.
- Growing demand for gears and gear reducers in the industrial sector owing to their increasing use in machines and equipment used in various manufacturing processes.
- Rising popularity of energy-efficient gear reducers that offer better performance with lower power consumption, which is driving their adoption across different industries.
- Increasing investments by companies in research and development activities to develop new products that can cater to the needs of different industries is propelling the growth of the Gears Gear Reducers market .
- Growing trend of miniaturization across different industries is leading to increased demand for smaller gears and gear reducers, thereby fueling market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Gears Gear Reducers Market Research Report
By Type
Bevel Gear Reducers, Worm Gear Reducer, Helical Gear Reducers
By Application
Passenger Vehicle, Commercial Vehicles, Agricultural, Industrial Construction
By Companies
Motovario, Brevini Power Transmission, Siemens, Bonfiglioli, Nidec-Shimpo, Boston Gear, Stm Spa, Varvel, Renold, Motovario
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Gears Gear Reducers Market Report Segments:
The global Gears Gear Reducers market is segmented on the basis of:
Types
Bevel Gear Reducers, Worm Gear Reducer, Helical Gear Reducers
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
Passenger Vehicle, Commercial Vehicles, Agricultural, Industrial Construction
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:
- Motovario
- Brevini Power Transmission
- Siemens
- Bonfiglioli
- Nidec-Shimpo
- Boston Gear
- Stm Spa
- Varvel
- Renold
- Motovario
Highlights of The Gears Gear Reducers 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:
- Bevel Gear Reducers
- Worm Gear Reducer
- Helical Gear Reducers
- By Application:
- Passenger Vehicle
- Commercial Vehicles
- Agricultural
- Industrial Construction
- 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 Gears Gear Reducers 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Gear reducers are a type of gearbox that reduce the size and weight of gears. Gear reducers can be used in applications where space is limited or weight is a concern.
Some of the major companies in the gears gear reducers market are Motovario, Brevini Power Transmission, Siemens, Bonfiglioli, Nidec-Shimpo, Boston Gear, Stm Spa, Varvel, Renold, Motovario.
The gears gear reducers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gears Gear Reducers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gears Gear Reducers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gears Gear Reducers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gears Gear Reducers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gears Gear Reducers Market Size & Forecast, 2018-2028
4.5.1 Gears Gear Reducers Market Size and Y-o-Y Growth
4.5.2 Gears Gear Reducers Market Absolute $ Opportunity
Chapter 5 Global Gears Gear Reducers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gears Gear Reducers Market Size Forecast by Type
5.2.1 Bevel Gear Reducers
5.2.2 Worm Gear Reducer
5.2.3 Helical Gear Reducers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gears Gear Reducers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gears Gear Reducers Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicles
6.2.3 Agricultural
6.2.4 Industrial Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gears Gear Reducers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gears Gear Reducers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gears Gear Reducers Analysis and Forecast
9.1 Introduction
9.2 North America Gears Gear Reducers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gears Gear Reducers Market Size Forecast by Type
9.6.1 Bevel Gear Reducers
9.6.2 Worm Gear Reducer
9.6.3 Helical Gear Reducers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gears Gear Reducers Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicles
9.10.3 Agricultural
9.10.4 Industrial Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gears Gear Reducers Analysis and Forecast
10.1 Introduction
10.2 Europe Gears Gear Reducers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gears Gear Reducers Market Size Forecast by Type
10.6.1 Bevel Gear Reducers
10.6.2 Worm Gear Reducer
10.6.3 Helical Gear Reducers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gears Gear Reducers Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicles
10.10.3 Agricultural
10.10.4 Industrial Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gears Gear Reducers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gears Gear Reducers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gears Gear Reducers Market Size Forecast by Type
11.6.1 Bevel Gear Reducers
11.6.2 Worm Gear Reducer
11.6.3 Helical Gear Reducers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gears Gear Reducers Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicles
11.10.3 Agricultural
11.10.4 Industrial Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gears Gear Reducers Analysis and Forecast
12.1 Introduction
12.2 Latin America Gears Gear Reducers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gears Gear Reducers Market Size Forecast by Type
12.6.1 Bevel Gear Reducers
12.6.2 Worm Gear Reducer
12.6.3 Helical Gear Reducers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gears Gear Reducers Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicles
12.10.3 Agricultural
12.10.4 Industrial Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gears Gear Reducers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gears Gear Reducers Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gears Gear Reducers Market Size Forecast by Type
13.6.1 Bevel Gear Reducers
13.6.2 Worm Gear Reducer
13.6.3 Helical Gear Reducers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gears Gear Reducers Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicles
13.10.3 Agricultural
13.10.4 Industrial Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gears Gear Reducers Market: Competitive Dashboard
14.2 Global Gears Gear Reducers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Motovario
14.3.2 Brevini Power Transmission
14.3.3 Siemens
14.3.4 Bonfiglioli
14.3.5 Nidec-Shimpo
14.3.6 Boston Gear
14.3.7 Stm Spa
14.3.8 Varvel
14.3.9 Renold
14.3.10 Motovario
