Market Overview:
The global worm gear box market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for worm gear boxes in various applications, such as metallurgy, electronics, mobile cranes, and others. Additionally, the growing industrialization and urbanization are also contributing to the growth of this market.
Product Definition:
The worm gear box is a mechanical device that uses gears to transmit rotational power from one shaft to another. The gears in a worm gear box are arranged so that the teeth of one gear mesh with the grooves on the circumference of another. This type of gearing is particularly suited for low-speed, high-torque applications.
Automatic:
Automatic is a machine that does work or task automatically without the need of any human intervention. In other words, it's an instrument which performs operations without requiring any further user input. The automatic gear box is used in various applications such as pumps & valves, centrifugal compressors, and steam turbines among others.
The global automatic gear box market size was valued at USD 1.6 billion in 2016.
Manual:
Manual is a tool used to create high torque at low speed. It can be defined as the device, which uses human power or muscle for transmitting mechanical energy to perform work. The prime application of manual is in transmission and distribution of power where it's used for changing gears in vehicles and rotating shafts in machinery’s among others.
Application Insights:
The metallurgy segment dominated the global worm gear box market in terms of revenue share in 2017. The application is projected to witness a CAGR of XX% from 2018 to 2030 owing to increasing demand for metal products across various end-use industries including construction, automotive and transportation, machinery and equipment manufacturing, etc. In addition, growing emphasis on reducing greenhouse emissions by developing sustainable production processes is expected to drive the demand for worms gears over the next eight years.
The mobile crane segment accounted for a significant revenue share in 2017 due largely to an increase in oil & gas activities across several regions coupled with rising use of mobile cranes at offshore platforms and onshore drilling rigs as they provide ease of operation along with high lifting capacities makes them ideal for such applications.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for automatic and mobile cranes from various industries, such as construction, electronics, metallurgy and others.
The growing manufacturing sector across several Asian countries is anticipated to boost product demand further. China has been witnessing rapid urbanization along with industrialization that has resulted in an increased requirement for heavy machinery including worm gear box among other types. This factor is projected to bode well for regional growth during the forecast period.
Europe was valued at USD X million in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 due high consumption levels of mining equipment especially underground mines coupled with large steel production capacities present across Germany, U K.
Growth Factors:
- Increasing demand from the automotive industry for worm gear boxes due to their compact size and high torque transmission capabilities.
- Growing demand for worm gear boxes in the agricultural equipment sector due to their ability to handle heavy loads with precision and accuracy.
- Rising popularity of renewable energy sources such as solar and wind power, which has led to an increase in demand for worm gearboxes that can be used in these applications.
- Rapid industrialization in developing countries such as China and India, which is resulting in an increase in the number of manufacturing facilities being set up, thereby leading to a rise in demand for worm gearboxes used in various industrial applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Worm Gear Box Market Research Report
By Type
Automatic, Manual
By Application
Metallurgy, Electronics, Mobile Cranes, Others
By Companies
BAC VALVES, Siemens, China Transmission, ZF, Moventas, VOITH, Allen Gears, Shanthi Gears, BAC VALVES
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Worm Gear Box Market Report Segments:
The global Worm Gear Box market is segmented on the basis of:
Types
Automatic, Manual
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
Metallurgy, Electronics, Mobile Cranes, 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:
- BAC VALVES
- Siemens
- China Transmission
- ZF
- Moventas
- VOITH
- Allen Gears
- Shanthi Gears
- BAC VALVES
Highlights of The Worm Gear Box 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:
- Automatic
- Manual
- By Application:
- Metallurgy
- Electronics
- Mobile Cranes
- 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 Worm Gear Box 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?
Worm Gear Box is a device that helps to transfer power from one location to another. It can be used in a variety of applications, such as powering tools or machines remotely.
Some of the key players operating in the worm gear box market are BAC VALVES, Siemens, China Transmission, ZF, Moventas, VOITH, Allen Gears, Shanthi Gears, BAC VALVES.
The worm gear box 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 Worm Gear Box 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 Worm Gear Box Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Worm Gear Box 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 Worm Gear Box 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 Worm Gear Box Market Size & Forecast, 2018-2028
4.5.1 Worm Gear Box Market Size and Y-o-Y Growth
4.5.2 Worm Gear Box Market Absolute $ Opportunity
Chapter 5 Global Worm Gear Box 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 Worm Gear Box Market Size Forecast by Type
5.2.1 Automatic
5.2.2 Manual
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Worm Gear Box 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 Worm Gear Box Market Size Forecast by Applications
6.2.1 Metallurgy
6.2.2 Electronics
6.2.3 Mobile Cranes
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Worm Gear Box 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 Worm Gear Box 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 Worm Gear Box Analysis and Forecast
9.1 Introduction
9.2 North America Worm Gear Box 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 Worm Gear Box Market Size Forecast by Type
9.6.1 Automatic
9.6.2 Manual
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 Worm Gear Box Market Size Forecast by Applications
9.10.1 Metallurgy
9.10.2 Electronics
9.10.3 Mobile Cranes
9.10.4 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 Worm Gear Box Analysis and Forecast
10.1 Introduction
10.2 Europe Worm Gear Box 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 Worm Gear Box Market Size Forecast by Type
10.6.1 Automatic
10.6.2 Manual
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 Worm Gear Box Market Size Forecast by Applications
10.10.1 Metallurgy
10.10.2 Electronics
10.10.3 Mobile Cranes
10.10.4 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 Worm Gear Box Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Worm Gear Box 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 Worm Gear Box Market Size Forecast by Type
11.6.1 Automatic
11.6.2 Manual
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 Worm Gear Box Market Size Forecast by Applications
11.10.1 Metallurgy
11.10.2 Electronics
11.10.3 Mobile Cranes
11.10.4 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 Worm Gear Box Analysis and Forecast
12.1 Introduction
12.2 Latin America Worm Gear Box 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 Worm Gear Box Market Size Forecast by Type
12.6.1 Automatic
12.6.2 Manual
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 Worm Gear Box Market Size Forecast by Applications
12.10.1 Metallurgy
12.10.2 Electronics
12.10.3 Mobile Cranes
12.10.4 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) Worm Gear Box Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Worm Gear Box 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) Worm Gear Box Market Size Forecast by Type
13.6.1 Automatic
13.6.2 Manual
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) Worm Gear Box Market Size Forecast by Applications
13.10.1 Metallurgy
13.10.2 Electronics
13.10.3 Mobile Cranes
13.10.4 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 Worm Gear Box Market: Competitive Dashboard
14.2 Global Worm Gear Box Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAC VALVES
14.3.2 Siemens
14.3.3 China Transmission
14.3.4 ZF
14.3.5 Moventas
14.3.6 VOITH
14.3.7 Allen Gears
14.3.8 Shanthi Gears
14.3.9 BAC VALVES
