Market Overview:
The global industrial gears 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 gears from various end-use industries, such as steel and manufacturing, material handling, pulp and paper, automotive, mining, and others. In terms of type, spur gears are expected to hold the largest share in the global industrial gears market during the forecast period. This can be attributed to their high efficiency and low noise levels as compared to other gear types.
Product Definition:
Industrial gears are gears that are used in industrial applications. They are typically made out of steel, and they can be used to transmit power or motion between two or more objects. Industrial gears can be used in a wide variety of applications, including machines tools, conveyors, material handling equipment, and agricultural equipment.
Spur Gears:
Spur gears are one of the important types of industrial gears. They are used in various applications such as spur drives, reduction drives, and helical gear trains. These spur gears are widely used in industries such as automotive & transportation and power generation for transmission of power from high to low speed ratios. The growth factor for spur gear is torque which is produced by the interaction between two or more rotating elements (spurts).
Helical Gears:
Helical gears are gear shapes with the cross-section of a spiral, i.e., they have a constant width throughout their length and are usually cut from metal sheets. Helical gears can be manufactured in numerous diameters and have several advantages over conventional polygonal or circular gears; these include less friction, better strength to weight ratio, more efficient at high temperatures & pressures as well as offering higher mechanical accuracy.
Application Insights:
The steel and manufacturing application segment led the global industry in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to increasing demand for gears from various applications, including construction, mining, automotive and material handling.
The steel industry has been witnessing significant growth due to rising demand for automobiles across various regions coupled with an increase in production capacities globally. This trend is expected to continue over the forecast period as well as spur investments in new facilities that use fewer resources and generate lower emissions than conventional counterparts.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing industrialization, rising demand for gearboxes in various applications, and growing manufacturing sector across countries such as China, India, Japan. In addition, favorable government policies promoting investments are anticipated to drive the regional market further.
The Asia Pacific region is characterized by high production of steel and other metals that require gear reduction or transmission for efficient processing in industries such as mining and construction. Moreover, rapid urbanization coupled with increased infrastructure spending has led to an increase in material handling equipment requirements across numerous industries which will propel product demand over the forecast period.
Europe accounted for a significant share of revenue on account of extensive use of spur gears within automotive industry owing to their compact size along with low cost benefits offered by spur gears compared to helical or universal joints driven systems used commonly worldwide; hence they find widespread application within automotive applications including steering systems among others).
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of industrial gears in renewable energy applications
- Rising demand for precision gears from the aerospace industry
- Technological advancements in gear manufacturing processes
- Growing awareness about the benefits of using industrial gears
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Gears Market Research Report
By Type
Spur Gears, Helical Gears, Gear Rack, Worm Gear, Bevel Gear, Others
By Application
Steel and manufacturing, Material Handling, Pulp and Paper, Automotive, Mining, Others
By Companies
Toyota, Volkswagen, General Motors, Ford, Daimler, Fiat Chrysler, David Brown, Eaton, Robert Bosch, Honda, Magna, Caterpillar, CHSTE, ZF Friedrichshafen, Aisin Seiki
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Gears Market Report Segments:
The global Industrial Gears market is segmented on the basis of:
Types
Spur Gears, Helical Gears, Gear Rack, Worm Gear, Bevel Gear, 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
Steel and manufacturing, Material Handling, Pulp and Paper, Automotive, Mining, 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:
- Toyota
- Volkswagen
- General Motors
- Ford
- Daimler
- Fiat Chrysler
- David Brown
- Eaton
- Robert Bosch
- Honda
- Magna
- Caterpillar
- CHSTE
- ZF Friedrichshafen
- Aisin Seiki
Highlights of The Industrial 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:
- Spur Gears
- Helical Gears
- Gear Rack
- Worm Gear
- Bevel Gear
- Others
- By Application:
- Steel and manufacturing
- Material Handling
- Pulp and Paper
- Automotive
- Mining
- 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 Industrial 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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- Correctly Positioning New Products
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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?
Industrial gears are used in a variety of industrial applications, such as manufacturing, transportation, and agriculture. They are also used in various other fields where precision and durability are essential.
Some of the major players in the industrial gears market are Toyota, Volkswagen, General Motors, Ford, Daimler, Fiat Chrysler, David Brown, Eaton, Robert Bosch, Honda, Magna, Caterpillar, CHSTE, ZF Friedrichshafen, Aisin Seiki.
The industrial gears market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial 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. Industrial Gears Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Gears Market - Supply Chain
4.5. Global Industrial Gears Market Forecast
4.5.1. Industrial Gears Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Gears Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Gears Market Absolute $ Opportunity
5. Global Industrial 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. Industrial Gears Market Size and Volume Forecast by Type
5.3.1. Spur Gears
5.3.2. Helical Gears
5.3.3. Gear Rack
5.3.4. Worm Gear
5.3.5. Bevel Gear
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial 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. Industrial Gears Market Size and Volume Forecast by Application
6.3.1. Steel and manufacturing
6.3.2. Material Handling
6.3.3. Pulp and Paper
6.3.4. Automotive
6.3.5. Mining
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial 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. Industrial 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 Industrial 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. Industrial 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 Industrial Gears Demand Share Forecast, 2019-2026
9. North America Industrial 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 Industrial 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 Industrial Gears Market Size and Volume Forecast by Application
9.4.1. Steel and manufacturing
9.4.2. Material Handling
9.4.3. Pulp and Paper
9.4.4. Automotive
9.4.5. Mining
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Gears Market Size and Volume Forecast by Type
9.7.1. Spur Gears
9.7.2. Helical Gears
9.7.3. Gear Rack
9.7.4. Worm Gear
9.7.5. Bevel Gear
9.7.6. Others
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 Industrial Gears Demand Share Forecast, 2019-2026
10. Latin America Industrial 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 Industrial 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 Industrial Gears Market Size and Volume Forecast by Application
10.4.1. Steel and manufacturing
10.4.2. Material Handling
10.4.3. Pulp and Paper
10.4.4. Automotive
10.4.5. Mining
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Gears Market Size and Volume Forecast by Type
10.7.1. Spur Gears
10.7.2. Helical Gears
10.7.3. Gear Rack
10.7.4. Worm Gear
10.7.5. Bevel Gear
10.7.6. Others
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 Industrial Gears Demand Share Forecast, 2019-2026
11. Europe Industrial 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 Industrial 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 Industrial Gears Market Size and Volume Forecast by Application
11.4.1. Steel and manufacturing
11.4.2. Material Handling
11.4.3. Pulp and Paper
11.4.4. Automotive
11.4.5. Mining
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Gears Market Size and Volume Forecast by Type
11.7.1. Spur Gears
11.7.2. Helical Gears
11.7.3. Gear Rack
11.7.4. Worm Gar
11.7.5. Bevel Gear
11.7.6. Others
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 Industrial Gears Demand Share, 2019-2026
12. Asia Pacific Industrial 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 Industrial 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 Industrial Gears Market Size and Volume Forecast by Application
12.4.1. Steel and manufacturing
12.4.2. Material Handling
12.4.3. Pulp and Paper
12.4.4. Automotive
12.4.5. Mining
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Gears Market Size and Volume Forecast by Type
12.7.1. Spur Gears
12.7.2. Helical Gears
12.7.3. Gear Rack
12.7.4. Worm Gear
12.7.5. Bevel Gear
12.7.6. Others
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 Industrial Gears Demand Share, 2019-2026
13. Middle East & Africa Industrial 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 Industrial 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 Industrial Gears Market Size and Volume Forecast by Application
13.4.1. Steel and manufacturing
13.4.2. Material Handling
13.4.3. Pulp and Paper
13.4.4. Automotive
13.4.5. Mining
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Gears Market Size and Volume Forecast by Type
13.7.1. Spur Gears
13.7.2. Helical Gears
13.7.3. Gear Rack
13.7.4. Worm Gear
13.7.5. Bevel Gear
13.7.6. Others
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 Industrial Gears Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Gears Market: Market Share Analysis
14.2. Industrial Gears Distributors and Customers
14.3. Industrial Gears Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toyota
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Volkswagen
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Motors
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ford
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daimler
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fiat Chrysler
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. David Brown
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eaton
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Robert Bosch
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Honda
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Magna
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Caterpillar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CHSTE
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ZF Friedrichshafen
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Aisin Seiki
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
