Market Overview:
The global power tool gear market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for power tools from original equipment manufacturers (OEMs) and aftermarket segments. Additionally, the growing construction and automotive industries are also fueling the demand for power tools, which in turn is driving the growth of the global power tool gear market. Based on type, spur gears accounted for a major share of the global power tool gear market in 2017. This segment is expected to grow at a CAGR of 5.4% during the forecast period from 2018 to 2030 due to its high efficiency and durability characteristics as compared with other types of gears such as helical gears and others.
Product Definition:
Power Tool Gear is a system that uses gears to increase or decrease the speed of rotation of a power tool. It is important because it allows power tools to be used for a variety of applications by changing the speed at which the tool rotates.
Spur Gears:
Spur gears are gear teeth cut on the edges of a rotating gear. They are used to transmit torque in spur reversible motorized tools. The main application areas for spur gears include construction equipment, mining, forestry and agricultural machinery, material handling equipment and electric power tools among others.
The global spur gears market size was valued at USD 1.6 billion in 2016.
Helical Gears:
Helical gears are gear teeth that are wound in a spiral shape. The main advantages of using helical gears is that they reduce the torque and radial force, which makes them ideal for high-speed applications. They also offer better transmission efficiency and higher speed when compared to spur or straight cut gears.
The global power tool gear market size was valued at USD 5,300 million in 2015.
Application Insights:
The original equipment manufacturers (OEMs) held the largest market share of power tool gears in 2017. The OEMs are majorly into construction, automotive and electronics. In terms of revenue, the OEM segment is likely to ascend at a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing demand for high-precision engineered products that offer higher durability and efficiency over time compared to generic substitutes.
The growing popularity of DIY culture has fueled the demand for tools such as drills, saws and sander among consumers across the globe who prefer buying ready-made kits or complete sets instead opting for individualized customized solutions offered by professional carpenters or electricians respectively.
Regional Analysis:
Asia Pacific power tool gear market is anticipated to grow at the highest CAGR over the forecast period. The growth can be attributed to increasing manufacturing activities in developing countries, such as China and India. In addition, rising disposable income levels are expected to drive demand for power tools in this region. Increasing production of hand tools by OEMs and aftermarket players is also likely to contribute toward regional growth over the next eight years.
The North America market was valued at USD X million in 2017 owing to high product adoption across various industries including construction and automotive among others.
Growth Factors:
- Increasing demand for power tools from construction and automotive industries
- Rising disposable income of consumers in developing countries
- Technological advancements in power tool gear design and manufacturing process
- Growing popularity of do-it-yourself (DIY) culture among consumers
- Expansion of retail distribution network for power tool gear
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Tool Gear Market Research Report
By Type
Spur Gears, Helical Gears, Others
By Application
Original Equipment Manufacturers (OEMs), Aftermarket
By Companies
Pragati Transmission, Power Transmission Engineering, Precision Gears, Rochester Gear, hGears, Zhejiang Oliver Gear Manufacturing, Gleason
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Power Tool Gear Market Report Segments:
The global Power Tool Gear market is segmented on the basis of:
Types
Spur Gears, Helical Gears, Others
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
Original Equipment Manufacturers (OEMs), Aftermarket
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:
- Pragati Transmission
- Power Transmission Engineering
- Precision Gears
- Rochester Gear
- hGears
- Zhejiang Oliver Gear Manufacturing
- Gleason
Highlights of The Power Tool Gear 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:
- Spur Gears
- Helical Gears
- Others
- By Application:
- Original Equipment Manufacturers (OEMs)
- Aftermarket
- 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 Power Tool Gear 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?
Power Tool Gear is a company that manufactures tools and equipment for the construction, woodworking, and home improvement industries. The company's products include power tools, hand tools, accessories, and training materials.
Some of the major players in the power tool gear market are Pragati Transmission, Power Transmission Engineering, Precision Gears, Rochester Gear, hGears, Zhejiang Oliver Gear Manufacturing, Gleason.
The power tool gear 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 Power Tool Gear 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 Power Tool Gear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Tool Gear 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 Power Tool Gear 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 Power Tool Gear Market Size & Forecast, 2020-2028
4.5.1 Power Tool Gear Market Size and Y-o-Y Growth
4.5.2 Power Tool Gear Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Spur Gears
5.2.2 Helical Gears
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Original Equipment Manufacturers (OEMs)
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Tool Gear 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 Power Tool Gear 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Spur Gears
9.6.2 Helical Gears
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Original Equipment Manufacturers (OEMs)
9.10.2 Aftermarket
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Spur Gears
10.6.2 Helical Gears
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Original Equipment Manufacturers (OEMs)
10.10.2 Aftermarket
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Spur Gears
11.6.2 Helical Gears
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Original Equipment Manufacturers (OEMs)
11.10.2 Aftermarket
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Spur Gears
12.6.2 Helical Gears
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Original Equipment Manufacturers (OEMs)
12.10.2 Aftermarket
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Spur Gears
13.6.2 Helical Gears
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Original Equipment Manufacturers (OEMs)
13.10.2 Aftermarket
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 Power Tool Gear Market: Competitive Dashboard
14.2 Global Power Tool Gear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pragati Transmission
14.3.2 Power Transmission Engineering
14.3.3 Precision Gears
14.3.4 Rochester Gear
14.3.5 hGears
14.3.6 Zhejiang Oliver Gear Manufacturing
14.3.7 Gleason
