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Industrial Gears Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Industrial Gears Market - (By Product Type - Spur, Planetary, Rack and Pinion, Bevel, Others; By Application - Automotive, Aviation, Agricultural Machinery, Construction, Oilfield, Manufacturing, Others; By Distribution Channel; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 27-May-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0522252
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Industrial Gears Market

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REPORT SCOPE

Market Size Value in 2021US$ 204 Billion
Expected Revenue in 2030US$ 273 Billion
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Bn)
CAGR3.2%
Segments coveredBy Product, By Application, By Distribution Channel, By Region
Key Companies                                                                    Ford Motor Company, Honda Motor, ZF Friedrichshafen, Toyota Industries Corporation, Aisin Seiki, General Motors, and Volkswagen. Other players contributing in the market are Aero Gear Inc., Precipart Corporation, Hota Industrial Manufacturing Co. Ltd, Cleveland Gear Company, Eaton, Philadelphia Gear, ITAMCO, Riley Gear Corporation, Atlas Gear Company, David Brown Santasalo, Martin Sprocket & Gear, Inc., Jackson Gear Company, OKUBO GEAR Co. Ltd, Omni G&M Corporation, Gear Motions, and Caterpillar Inc. 
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FREQUENTLY ASKED QUESTIONS

An industrial gear is a collection of gears in which mechanical energy is transferred from one device to another that increase torque while reducing speed.

Industrial gear consists of various types of gears such as spur gear, planetary gear, helical gear, rack and pinion gear, worm gear and many more.

Industrial gear is used in a wide range of industries, including power generation, construction, food and beverage processing, marine, material handling, metal and mining, agriculture and automotive. 

The studied period of global industrial gears market is 2017-2030.

The growth rate of the global industrial gears market is 3.2%, with an estimated value of US$ 273 Billion by 2030. 

Asia Pacific held the major share in terms of revenue, in the global industrial gears market in 2021. 

Factors such as rising installation in wind power sector and rapid growth of construction industry in developing nations drives the growth in the global industrial gears market over the forecast period.

Technical faults such as oil leakage and heating are a restraining factor which inhibits the growth of the industrial gears market over the forecast period.

The planetary gear segment is expected to project the highest CAGR over the forecast period.

Rapidly rising emergence of numerous advanced technologies such as artificial intelligence and robotics by the major players provides a lucrative growth trend in the industrial gears market.

The global industrial gears market witnessed a decline in 2020, post the outbreak of COVID-19 pandemic and has affected major end user sectors such as power, metals and minerals, etc.

Product type, application and distribution channel are the segments to invest in over the assessment period in the global industrial gears market.

Aero Gear Inc., Precipart Corporation, ITAMCO, Riley Gear Corporation, Atlas Gear Company, David Brown Santasalo, Eaton, Philadelphia Gear, Gear Motions, Ford Motor Company, Honda Motor Co., Ltd., Toyota Industries Corporation and Caterpillar Inc. among others.