Market Overview:
The global planetary gear set market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for planetary gear sets in various applications, such as gearhead motor, turbine engine, and others. Additionally, the growing automotive industry is also contributing to the growth of the global planetary gear set market.
Product Definition:
A planetary gear set is a type of geared transmission system in which a number of gears are arranged around a central or "sun" gear. The gears are typically mounted on orbiting or rotating shafts that surround the sun gear. The planet gears mesh with the sun gear and with each other, providing speed reduction and torque multiplication. Planetary gear sets often include an external brake to control the rotation speed of the output shaft.
The planetary gear set is an important component in many types of power transmission systems. It can provide high torque multiplication while maintaining a small overall footprint, making it ideal for applications where space is limited.
Single Planetary Gear:
Single planetary gear is a type of spur gear where the ratio between the largest and smallest gears does not depend on the position of the planet carrier. The single-planet carrier is generally used in conjunction with epicyclic gears to obtain high speed ratios. Single-planetary gears are widely used in railway applications, automobiles, and spacecraft due to their simple construction, low maintenance requirements & high efficiency at very large speeds.
Double Planetary Gear:
Double planetary gear and it's usage in Planetary Gear Set market is a type of transmission which has two sun gears, one planet carrier, and one ring. It was initially designed for the Apollo program by C&J Industries. The primary function of this system is to reduce the speed of spacecraft when they are changing their orientation in space.
It also helps to maintain the ratio between speed.
Application Insights:
The gearhead motor application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the growing demand for electric vehicles and wind turbines. In addition, the segment is expected to witness significant growth on account of increasing demand from industrial applications including food & beverage, chemical, paper & pulp and mining machinery among others.
Turbine engine application segment was valued at USD 1.5 billion in 2017 owing to high reliability.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40% in 2017. This is attributed to growing industrialization and increasing demand for efficient machinery from various end-use industries, such as food & beverage, automotive, construction, and others. The region is expected to witness significant growth over the forecast period owing to rising investments by prominent players for development of new products.
The European market also accounted for a substantial share in 2017 owing to high product adoption across major economies like Germany and Italy on account of favorable government regulations along with technological advancements witnessed during manufacturing processes associated with planetary gear sets. Moreover, presence of leading manufacturers including HEG Limited (UK), ASK Chemicals GmbH (Germany), SGS SA (Italy) within the region will augment industry expansion over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles
- Growing automotive industry
- Rising disposable income of consumers in developing countries
- Technological advancements in planetary gear set manufacturing process
- Stringent government regulations for fuel efficiency and emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Planetary Gear Set Market Research Report
By Type
Single Planetary Gear, Double Planetary Gear
By Application
Gearhead Motor, Turbine Engine, Others
By Companies
Framo, Mitsui Miike, Maxon, Bierens, GAM, Tamiya, Parekh Engineering Company, Stork
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Planetary Gear Set Market Report Segments:
The global Planetary Gear Set market is segmented on the basis of:
Types
Single Planetary Gear, Double Planetary Gear
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
Gearhead Motor, Turbine Engine, 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:
- Framo
- Mitsui Miike
- Maxon
- Bierens
- GAM
- Tamiya
- Parekh Engineering Company
- Stork
Highlights of The Planetary Gear Set 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:
- Single Planetary Gear
- Double Planetary Gear
- By Application:
- Gearhead Motor
- Turbine Engine
- 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 Planetary Gear Set 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?
A Planetary Gear Set is a type of gear set that uses gears to transfer power from one shaft to another. This type of gear set is typically used in machines that move objects or rotate machinery.
Some of the major companies in the planetary gear set market are Framo, Mitsui Miike, Maxon, Bierens, GAM, Tamiya, Parekh Engineering Company, Stork.
The planetary gear set market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Planetary Gear Set 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 Planetary Gear Set Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Planetary Gear Set 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 Planetary Gear Set 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 Planetary Gear Set Market Size & Forecast, 2018-2028
4.5.1 Planetary Gear Set Market Size and Y-o-Y Growth
4.5.2 Planetary Gear Set Market Absolute $ Opportunity
Chapter 5 Global Planetary Gear Set 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 Planetary Gear Set Market Size Forecast by Type
5.2.1 Single Planetary Gear
5.2.2 Double Planetary Gear
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Planetary Gear Set 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 Planetary Gear Set Market Size Forecast by Applications
6.2.1 Gearhead Motor
6.2.2 Turbine Engine
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Planetary Gear Set 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 Planetary Gear Set 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 Planetary Gear Set Analysis and Forecast
9.1 Introduction
9.2 North America Planetary Gear Set 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 Planetary Gear Set Market Size Forecast by Type
9.6.1 Single Planetary Gear
9.6.2 Double Planetary Gear
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 Planetary Gear Set Market Size Forecast by Applications
9.10.1 Gearhead Motor
9.10.2 Turbine Engine
9.10.3 Others
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 Planetary Gear Set Analysis and Forecast
10.1 Introduction
10.2 Europe Planetary Gear Set 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 Planetary Gear Set Market Size Forecast by Type
10.6.1 Single Planetary Gear
10.6.2 Double Planetary Gear
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 Planetary Gear Set Market Size Forecast by Applications
10.10.1 Gearhead Motor
10.10.2 Turbine Engine
10.10.3 Others
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 Planetary Gear Set Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Planetary Gear Set 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 Planetary Gear Set Market Size Forecast by Type
11.6.1 Single Planetary Gear
11.6.2 Double Planetary Gear
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 Planetary Gear Set Market Size Forecast by Applications
11.10.1 Gearhead Motor
11.10.2 Turbine Engine
11.10.3 Others
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 Planetary Gear Set Analysis and Forecast
12.1 Introduction
12.2 Latin America Planetary Gear Set 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 Planetary Gear Set Market Size Forecast by Type
12.6.1 Single Planetary Gear
12.6.2 Double Planetary Gear
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 Planetary Gear Set Market Size Forecast by Applications
12.10.1 Gearhead Motor
12.10.2 Turbine Engine
12.10.3 Others
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) Planetary Gear Set Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Planetary Gear Set 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) Planetary Gear Set Market Size Forecast by Type
13.6.1 Single Planetary Gear
13.6.2 Double Planetary Gear
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) Planetary Gear Set Market Size Forecast by Applications
13.10.1 Gearhead Motor
13.10.2 Turbine Engine
13.10.3 Others
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 Planetary Gear Set Market: Competitive Dashboard
14.2 Global Planetary Gear Set Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Framo
14.3.2 Mitsui Miike
14.3.3 Maxon
14.3.4 Bierens
14.3.5 GAM
14.3.6 Tamiya
14.3.7 Parekh Engineering Company
14.3.8 Stork
