Market Overview:
The global worm gearing 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 gears in various applications such as medical, aerospace, industrial, commercial and other applications. Worm gears are used extensively in medical equipment such as MRI machines and CT scanners owing to their ability to transmit high torque with low noise levels and backlash. They are also used in aircraft landing gear systems and wind turbines owing to their high load-carrying capacity and compact size. In addition, the growing demand for electric vehicles is expected to boost the demand for worm gears in automotive applications during the forecast period.
Product Definition:
A worm gear is a gear with a cylindrical shaped tooth. It is usually used to transmit motion between two shafts that are at an angle to each other. Worm gears are important because they can provide high torque and low speed ratios.
Standard Sizes:
The standard sizes are the dimensions of gears and their parts that can be used as a base for manufacturing worms. The size is determined by the largest diameter of a gear that can be driven by another gear without causing damage to either. There are different types of standards such as inch, mm, and cm which means inches measure around 60 times in units called inches while mm measures around 200 times in units called millimeters. While cm measures around 40 times in unit called centimeter.
Custom Sizes:
Custom sizes are a set of parameters that define the internal gear ratio and the size of worms, which can be used in anyworm gear design. The custom sizing process is carried out by manufacturers who provide customized gears to suit specific applications. Sizing refers to designing and selecting appropriate gears for a particular application based on several factors such as torque requirements, speed, material strength or yield stress etc.
Application Insights:
The industrial segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing demand from various industries including medical, aerospace and construction. In addition, standard worm gears are used in several applications such as pumps & valves, compressors and turbines among others.
Aerospace is expected to be one of the fastest growing application segments owing to rising demand for customized solutions along with a strong product portfolio from major industry participants such as worm gear motors manufacturers MRO Automation Technologies Inc., Custom Power Solutions LLC., AEM Corporation and others. These custom solutions include critical parts that need utmost precision which is expected to drive market growth over the forecast period.
Regional Analysis:
North America dominated the global worm gear market in 2016 with a revenue share of over 35%. The growth is attributed to the presence of major aircraft manufacturers such as Boeing and Airbus. These companies are engaged in manufacturing large passenger and freight aircraft, which use standard worms for power transmission. In addition, increasing demand for electric vehicles along with growing need for efficient energy storage systems is expected to propel product demand over the forecast period.
Asia Pacific region accounted for a revenue share of more than 20% in 2016 owing to rapid industrialization coupled with expanding aerospace industry base primarily in China, India, Japan and South Korea. Increasing production levels of commercial aircraft by key manufacturers such as Airbus S A., Boeing Co., Rolls-Royce Holdings PLC are projected to drive product demand over the next eight years.
Growth Factors:
- Increasing demand from the automotive industry for worm gears to be used in power transmission applications.
- Growing demand for worm gears in the agricultural equipment sector as they are used extensively in tillage and harvesting operations.
- Rising popularity of screw conveyors, which use worm gears as their main drive mechanism, across a range of industries including food and beverage, pharmaceuticals, and cosmetics.
- Proliferation of wind turbines across the globe as governments seek to increase their share of renewable energy sources; worm gears are commonly used in these devices to transmit power from the turbine shafts to the generators below them.
Scope Of The Report
Report Attributes
Report Details
Report Title
Worm Gearing Market Research Report
By Type
Standard Sizes, Custom Sizes
By Application
Medical, Aerospace, Industrial, Commercial, Other
By Companies
IMS(GER), AME, AMTech, Avon Gear and Engineering, Berg, CAPT, Cone Drive, ESSOR Precision Machinery, Gear Manufacturing, Gear Motions, HPC Gears, KHK, Kohara Gear, Martin Sprocket & Gear, Mitsubishi, PIC Design, Pragati Transmission, Precision Gears, SDP/SI, Taizhou Yage machinery, Xinghe Gear Machinery, Zhengben Gear
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Worm Gearing Market Report Segments:
The global Worm Gearing market is segmented on the basis of:
Types
Standard Sizes, Custom Sizes
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
Medical, Aerospace, Industrial, Commercial, Other
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:
- IMS(GER)
- AME
- AMTech
- Avon Gear and Engineering
- Berg
- CAPT
- Cone Drive
- ESSOR Precision Machinery
- Gear Manufacturing
- Gear Motions
- HPC Gears
- KHK
- Kohara Gear
- Martin Sprocket & Gear
- Mitsubishi
- PIC Design
- Pragati Transmission
- Precision Gears
- SDP/SI
- Taizhou Yage machinery
- Xinghe Gear Machinery
- Zhengben Gear
Highlights of The Worm Gearing 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:
- Standard Sizes
- Custom Sizes
- By Application:
- Medical
- Aerospace
- Industrial
- Commercial
- Other
- 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 Gearing 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
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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?
Worm gearing is a term used in the world of fishing to describe the use of multiple hooks and weights on a line to increase your chances of catching a big fish.
Some of the major players in the worm gearing market are IMS(GER), AME, AMTech, Avon Gear and Engineering, Berg, CAPT, Cone Drive, ESSOR Precision Machinery, Gear Manufacturing, Gear Motions, HPC Gears, KHK, Kohara Gear, Martin Sprocket & Gear, Mitsubishi, PIC Design, Pragati Transmission, Precision Gears, SDP/SI, Taizhou Yage machinery, Xinghe Gear Machinery, Zhengben Gear.
The worm gearing 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. Worm Gearing 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. Worm Gearing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Worm Gearing Market - Supply Chain
4.5. Global Worm Gearing Market Forecast
4.5.1. Worm Gearing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Worm Gearing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Worm Gearing Market Absolute $ Opportunity
5. Global Worm Gearing 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. Worm Gearing Market Size and Volume Forecast by Type
5.3.1. Standard Sizes
5.3.2. Custom Sizes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Worm Gearing 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. Worm Gearing Market Size and Volume Forecast by Application
6.3.1. Medical
6.3.2. Aerospace
6.3.3. Industrial
6.3.4. Commercial
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Worm Gearing 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. Worm Gearing 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 Worm Gearing 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. Worm Gearing 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 Worm Gearing Demand Share Forecast, 2019-2026
9. North America Worm Gearing 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 Worm Gearing 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 Worm Gearing Market Size and Volume Forecast by Application
9.4.1. Medical
9.4.2. Aerospace
9.4.3. Industrial
9.4.4. Commercial
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Worm Gearing Market Size and Volume Forecast by Type
9.7.1. Standard Sizes
9.7.2. Custom Sizes
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 Worm Gearing Demand Share Forecast, 2019-2026
10. Latin America Worm Gearing 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 Worm Gearing 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 Worm Gearing Market Size and Volume Forecast by Application
10.4.1. Medical
10.4.2. Aerospace
10.4.3. Industrial
10.4.4. Commercial
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Worm Gearing Market Size and Volume Forecast by Type
10.7.1. Standard Sizes
10.7.2. Custom Sizes
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 Worm Gearing Demand Share Forecast, 2019-2026
11. Europe Worm Gearing 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 Worm Gearing 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 Worm Gearing Market Size and Volume Forecast by Application
11.4.1. Medical
11.4.2. Aerospace
11.4.3. Industrial
11.4.4. Commercial
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Worm Gearing Market Size and Volume Forecast by Type
11.7.1. Standard Sizes
11.7.2. Custom Sizes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analyis
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 Worm Gearing Demand Share, 2019-2026
12. Asia Pacific Worm Gearing 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 Worm Gearing 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 Worm Gearing Market Size and Volume Forecast by Application
12.4.1. Medical
12.4.2. Aerospace
12.4.3. Industrial
12.4.4. Commercial
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Worm Gearing Market Size and Volume Forecast by Type
12.7.1. Standard Sizes
12.7.2. Custom Sizes
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 Worm Gearing Demand Share, 2019-2026
13. Middle East & Africa Worm Gearing 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 Worm Gearing 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 Worm Gearing Market Size and Volume Forecast by Application
13.4.1. Medical
13.4.2. Aerospace
13.4.3. Industrial
13.4.4. Commercial
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Worm Gearing Market Size and Volume Forecast by Type
13.7.1. Standard Sizes
13.7.2. Custom Sizes
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 Worm Gearing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Worm Gearing Market: Market Share Analysis
14.2. Worm Gearing Distributors and Customers
14.3. Worm Gearing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IMS(GER)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AME
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AMTech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Avon Gear and Engineering
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Berg
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CAPT
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cone Drive
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ESSOR Precision Machinery
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gear Manufacturing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gear Motions
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HPC Gears
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. KHK
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kohara Gear
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Martin Sprocket & Gear
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mitsubishi
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. PIC Design
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Pragati Transmission
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Precision Gears
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. SDP/SI
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Taizhou Yage machinery
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
