Market Overview:
The global pinion steel 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 automobiles and manufacturing industry across the globe. In terms of type, low carbon steel is expected to dominate the market during the forecast period owing to its properties such as high strength-to-weight ratio and ductility. In terms of application, automobile segment is expected to hold a major share in the global pinion steel market during the forecast period owing to rising demand for passenger cars and commercial vehicles across different regions.
Product Definition:
Pinion steel is a type of steel that is used in gears. It has a high strength and durability, which makes it ideal for use in gears.
Low Carbon Steel:
Low carbon steel is a form of carbon steel that contains less than 0.25% carbon content by weight. Low-carbon steels have applications in several industries such as automotive, construction machinery, and consumer goods manufacturing among others. The global low-carbon steel production increased from nearly 58 million tons in 2015 to approximately 63 million tons in 2016 owing to the growing demand for automobiles across the globe which has led to an increase in demand for lightweight materials used for vehicle manufacturing.
Medium Carbon Tteel:
Medium carbon teel is a type of steel which contains 0.6 to 1.2 percent carbon by weight and usually used in the manufacturing of automobile transmission gears, brake bands, power train components and shafts among others.
Application Insights:
Automotive application segment accounted for a volume share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing production of passenger vehicles in China, India & Russia as well as Brazil. In addition, favorable government policies such as income tax rebates and import duty drawbacks are expected to augment the demand further from 2018-19 till 2030-29 for automotive manufacturers located in emerging countries including China, India & Russia and Brazil.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automotive production in China, India, Japan and South Korea. Moreover, rising investments by various governments for developing infrastructure are likely to benefit the manufacturing industry which will further propel product demand from 2018 to 2030.
The European market was valued at USD X million in 2017 and is projected to witness a CAGR of XX% over the forecast period owing to growing automobile production mainly due Germany, France Italy and Spain coupled with aerospace & defense industry development in Russia as well as U K . In addition, favorable government initiatives such as “Make it Europe†campaign by EU are expected drive regional growth over next eight years.
North America accounted for a significant share of global revenue owing both domestic consumption along with exports across countries such as Brazil Canada U S A etc.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing use of steel in renewable energy projects
- Rising consumption in developing countries
- Technological advancements that improve the quality and efficiency of steel production processes
- Government initiatives to promote the use of steel in various sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Pinion Steel Market Research Report
By Type
Low Carbon Steel, Medium Carbon Tteel, Medium Carbon Alloy Steel
By Application
Automobile, Manufacturing industry, Others
By Companies
Citic Steel, HBIS Group, Laigang Group, Fushun Kuangye, Guangda Group, Jianlong Group
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Pinion Steel Market Report Segments:
The global Pinion Steel market is segmented on the basis of:
Types
Low Carbon Steel, Medium Carbon Tteel, Medium Carbon Alloy Steel
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
Automobile, Manufacturing industry, 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:
- Citic Steel
- HBIS Group
- Laigang Group
- Fushun Kuangye
- Guangda Group
- Jianlong Group
Highlights of The Pinion Steel 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:
- Low Carbon Steel
- Medium Carbon Tteel
- Medium Carbon Alloy Steel
- By Application:
- Automobile
- Manufacturing industry
- 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 Pinion Steel 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?
Pinion steel is a type of steel that is used to make gears and other components. It is a very strong metal, and it can be easily shaped into the correct shape.
Some of the major players in the pinion steel market are Citic Steel, HBIS Group, Laigang Group, Fushun Kuangye, Guangda Group, Jianlong Group.
The pinion steel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pinion Steel 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. Pinion Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pinion Steel Market - Supply Chain
4.5. Global Pinion Steel Market Forecast
4.5.1. Pinion Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pinion Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pinion Steel Market Absolute $ Opportunity
5. Global Pinion Steel 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. Pinion Steel Market Size and Volume Forecast by Type
5.3.1. Low Carbon Steel
5.3.2. Medium Carbon Tteel
5.3.3. Medium Carbon Alloy Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pinion Steel 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. Pinion Steel Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Manufacturing industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pinion Steel 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. Pinion Steel 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 Pinion Steel 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. Pinion Steel 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 Pinion Steel Demand Share Forecast, 2019-2026
9. North America Pinion Steel 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 Pinion Steel 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 Pinion Steel Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Manufacturing industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pinion Steel Market Size and Volume Forecast by Type
9.7.1. Low Carbon Steel
9.7.2. Medium Carbon Tteel
9.7.3. Medium Carbon Alloy Steel
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 Pinion Steel Demand Share Forecast, 2019-2026
10. Latin America Pinion Steel 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 Pinion Steel 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 Pinion Steel Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Manufacturing industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pinion Steel Market Size and Volume Forecast by Type
10.7.1. Low Carbon Steel
10.7.2. Medium Carbon Tteel
10.7.3. Medium Carbon Alloy Steel
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 Pinion Steel Demand Share Forecast, 2019-2026
11. Europe Pinion Steel 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 Pinion Steel 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 Pinion Steel Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Manufacturing industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pinion Steel Market Size and Volume Forecast by Type
11.7.1. Low Carbon Steel
11.7.2. Medium Carbon Tteel
11.7.3. Medium Carbon Alloy Steel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attactiveness/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 Pinion Steel Demand Share, 2019-2026
12. Asia Pacific Pinion Steel 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 Pinion Steel 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 Pinion Steel Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Manufacturing industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pinion Steel Market Size and Volume Forecast by Type
12.7.1. Low Carbon Steel
12.7.2. Medium Carbon Tteel
12.7.3. Medium Carbon Alloy Steel
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 Pinion Steel Demand Share, 2019-2026
13. Middle East & Africa Pinion Steel 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 Pinion Steel 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 Pinion Steel Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Manufacturing industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pinion Steel Market Size and Volume Forecast by Type
13.7.1. Low Carbon Steel
13.7.2. Medium Carbon Tteel
13.7.3. Medium Carbon Alloy Steel
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 Pinion Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pinion Steel Market: Market Share Analysis
14.2. Pinion Steel Distributors and Customers
14.3. Pinion Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Citic Steel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HBIS Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Laigang Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fushun Kuangye
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Guangda Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jianlong Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
