Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Precision-Forged Gears Market by Type (Metallic, Non-Metallic), By Application (Bus and Coach, Construction and Utility, Defense, Fire and Rescue, Trailer, Truck, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Precision-Forged Gears Market by Type (Metallic, Non-Metallic), By Application (Bus and Coach, Construction and Utility, Defense, Fire and Rescue, Trailer, Truck, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 137586 3300 Machinery & Equipment 377 243 Pages 4.7 (41)

Market Overview:

The global precision-forged gears market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for precision-forged gears from various end-use industries. Based on type, the global precision-forged gears market has been segmented into metallic and nonmetallic. The metallic segment is expected to account for a larger share of the global market during the forecast period. This can be attributed to the superior properties offered by metals such as strength, hardness, and wear resistance over other materials used for manufacturing gears. On basis of application, bus and coach; construction and utility; defense; fire and rescue; trailer; truck are some of the key segments considered in this study. Defense sector is expected to witness highest growth during forecast period owing increasing demand from countries such as India, China, Russia etc.

Global Precision-Forged Gears Industry Outlook

Product Definition:

Precision-Forged Gears are gears that are specifically designed and manufactured to have a very precise tooth profile. This results in a gear that has excellent meshing characteristics and is very wear resistant. Precision-Forged Gears are often used in applications where high accuracy and reliability are required.


Metallic is a material that has at least one stable metallic crystal. It can be either ductile or brittle depending on the temperature and pressure conditions under which it is operated. The most common examples of metallic materials are aluminum, iron, copper and zinc - steel alloys. Some other important examples include magnesium alloys, titanium alloys & stainless steel and high strength steels & carbon fiber among others.


Non-metallic and it's usage in precision-forged gears market is expected to witness significant growth over the forecast period. Precision forged gears are manufactured by using non-metallic materials such as silicon carbide, tungsten carbide, or ceramic material instead of metal. These materials have high strength and wear resistance properties which make them suitable for use in high load applications of precision forging machines.

Application Insights:

The market is segmented by application into bus and coach, construction and utility, defense, trailer, truck, and other applications. The bus and coach application segment accounted for the largest share in 2017 owing to the growing demand from developing countries such as India, China Indonesia. In addition to this factor several key players have forged partnerships with local bus manufacturers which has led to an increase in product penetration.

The construction industry was one of the major contributors towards growth in North America region due to increasing investments from governments across various countries including Canada Mexico U.S., Brazil Argentina Chile Colombia Venezuela which are aimed at developing infrastructure & improving living conditions among masses thus leading towards increased adoption of precision-forged gears within this sector over the forecast period.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Indonesia. Increasing demand for precision-forged gears from these countries coupled with growing automotive production in these nations will drive the regional market growth. In addition, rising investments by multinational companies for manufacturing their products will further propel product demand in Asia Pacific.

The European market held a share of more than 20% of total revenue in 2017 owing to high demand from industries including automotive and construction & utility sector which are witnessing growth due to increasing population across Europe especially after Brexit decision taken by UK government on 23 June 2016 which has led an increase in consumer spending power thus boosting industrial output leading to higher sales of precision forged parts such as gears thus driving the overall regional market growth over the forecast period.

Growth Factors:

  • Increasing demand for gears in the automotive and aerospace industries
  • Growing popularity of precision-forged gears among Original Equipment Manufacturers (OEMs)
  • Rising need for lightweight and durable gears
  • Technological advancements in forging processes and gear manufacturing technologies
  • Growing demand for customized gears

Scope Of The Report

Report Attributes

Report Details

Report Title

Precision-Forged Gears Market Research Report

By Type

Metallic, Non-Metallic

By Application

Bus and Coach, Construction and Utility, Defense, Fire and Rescue, Trailer, Truck, Others

By Companies

Eaton, NGC Gears, Mazak, IM Gears, Gleason, Horsburgh & Scott, Bharat Gears, RotoMetrics, Meritor, KHK Gears, Triveni Group, Amarillo Gear

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Precision-Forged Gears Market Report Segments:

The global Precision-Forged Gears market is segmented on the basis of:


Metallic, Non-Metallic

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.


Bus and Coach, Construction and Utility, Defense, Fire and Rescue, Trailer, Truck, 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:

  1. Eaton
  2. NGC Gears
  3. Mazak
  4. IM Gears
  5. Gleason
  6. Horsburgh & Scott
  7. Bharat Gears
  8. RotoMetrics
  9. Meritor
  10. KHK Gears
  11. Triveni Group
  12. Amarillo Gear

Global Precision-Forged Gears Market Overview

Highlights of The Precision-Forged Gears Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Metallic
    2. Non-Metallic
  1. By Application:

    1. Bus and Coach
    2. Construction and Utility
    3. Defense
    4. Fire and Rescue
    5. Trailer
    6. Truck
    7. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Precision-Forged 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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Global Precision-Forged Gears Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Precision-Forged Gears are gears that have been precision-forged, which means they have been heated and then cooled to a very precise temperature. This process creates extremely strong gears that can handle high loads without breaking.

Some of the major players in the precision-forged gears market are Eaton, NGC Gears, Mazak, IM Gears, Gleason, Horsburgh & Scott, Bharat Gears, RotoMetrics, Meritor, KHK Gears, Triveni Group, Amarillo Gear.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Precision-Forged 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. Precision-Forged Gears Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Precision-Forged Gears Market - Supply Chain
   4.5. Global Precision-Forged Gears Market Forecast
      4.5.1. Precision-Forged Gears Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Precision-Forged Gears Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Precision-Forged Gears Market Absolute $ Opportunity

5. Global Precision-Forged 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. Precision-Forged Gears Market Size and Volume Forecast by Type
      5.3.1. Metallic
      5.3.2. Non-Metallic
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Precision-Forged 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. Precision-Forged Gears Market Size and Volume Forecast by Application
      6.3.1. Bus and Coach
      6.3.2. Construction and Utility
      6.3.3. Defense
      6.3.4. Fire and Rescue
      6.3.5. Trailer
      6.3.6. Truck
      6.3.7. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Precision-Forged 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. Precision-Forged 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 Precision-Forged 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. Precision-Forged 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 Precision-Forged Gears Demand Share Forecast, 2019-2029

9. North America Precision-Forged 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 Precision-Forged 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 Precision-Forged Gears Market Size and Volume Forecast by Application
      9.4.1. Bus and Coach
      9.4.2. Construction and Utility
      9.4.3. Defense
      9.4.4. Fire and Rescue
      9.4.5. Trailer
      9.4.6. Truck
      9.4.7. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Precision-Forged Gears Market Size and Volume Forecast by Type
      9.7.1. Metallic
      9.7.2. Non-Metallic
   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 Precision-Forged Gears Demand Share Forecast, 2019-2029

10. Latin America Precision-Forged 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 Precision-Forged 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 Precision-Forged Gears Market Size and Volume Forecast by Application
      10.4.1. Bus and Coach
      10.4.2. Construction and Utility
      10.4.3. Defense
      10.4.4. Fire and Rescue
      10.4.5. Trailer
      10.4.6. Truck
      10.4.7. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Precision-Forged Gears Market Size and Volume Forecast by Type
      10.7.1. Metallic
      10.7.2. Non-Metallic
   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 Precision-Forged Gears Demand Share Forecast, 2019-2029

11. Europe Precision-Forged 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 Precision-Forged 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 Precision-Forged Gears Market Size and Volume Forecast by Application
      11.4.1. Bus and Coach
      11.4.2. Construction and Utility
      11.4.3. Defense
      11.4.4. Fire and Rescue
      11.4.5. Trailer
      11.4.6. Truck
      11.4.7. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Precision-Forged Gears Market Size and Volume Forecast by Type
      11.7.1. Metallic
      11.7.2. Non-Metallic
   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 Precision-Forged Gears Demand Share, 2019-2029

12. Asia Pacific Precision-Forged 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 Precision-Forged 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 Precision-Forged Gears Market Size and Volume Forecast by Application
      12.4.1. Bus and Coach
      12.4.2. Construction and Utility
      12.4.3. Defense
      12.4.4. Fire and Rescue
      12.4.5. Trailer
      12.4.6. Truck
      12.4.7. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Precision-Forged Gears Market Size and Volume Forecast by Type
      12.7.1. Metallic
      12.7.2. Non-Metallic
   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 Precision-Forged Gears Demand Share, 2019-2029

13. Middle East & Africa Precision-Forged 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 Precision-Forged 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 Precision-Forged Gears Market Size and Volume Forecast by Application
      13.4.1. Bus and Coach
      13.4.2. Construction and Utility
      13.4.3. Defense
      13.4.4. Fire and Rescue
      13.4.5. Trailer
      13.4.6. Truck
      13.4.7. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Precision-Forged Gears Market Size and Volume Forecast by Type
      13.7.1. Metallic
      13.7.2. Non-Metallic
   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 Precision-Forged Gears Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Precision-Forged Gears Market: Market Share Analysis
   14.2. Precision-Forged Gears Distributors and Customers
   14.3. Precision-Forged Gears Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Eaton Overview Financials Developments Strategic Outlook
      14.4.2. NGC Gears Overview Financials Developments Strategic Outlook
      14.4.3. Mazak Overview Financials Developments Strategic Outlook
      14.4.4. IM Gears Overview Financials Developments Strategic Outlook
      14.4.5. Gleason Overview Financials Developments Strategic Outlook
      14.4.6. Horsburgh & Scott Overview Financials Developments Strategic Outlook
      14.4.7. Bharat Gears Overview Financials Developments Strategic Outlook
      14.4.8. RotoMetrics Overview Financials Developments Strategic Outlook
      14.4.9. Meritor Overview Financials Developments Strategic Outlook
      14.4.10. KHK Gears Overview Financials Developments Strategic Outlook
      14.4.11. Triveni Group Overview Financials Developments Strategic Outlook
      14.4.12. Amarillo Gear Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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