Please Wait.....
Report
Gear Manufacturing Market by Product (Worm Gear, Bevel Gear, and Others), End User (Oil and Gas industry, Power Industry, Automotive, and Others), and Region 2024-2032
Market Report I 2024-07-01 I 141 Pages I IMARC Group
The global gear manufacturing market size reached US$ 80.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 131.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032. The bolstering growth of the automotive industry, the increasing demand for industrial high-performance gears, the extensive production application in medium and heavy-duty vehicles, and the shifting preference for renewable energy resources represent some of the key factors driving the market.
A gear is a wheel with inserted teeth that transfers motion and power between machine components. It is crucial in various industrial applications to transmit torque and speed, enable smooth power transmission, and achieve the desired speed and precise movement. The gear manufacturing process involves designing and engineering, which includes gear specifications, such as tooth profile, module, pitch diameter, and gear ratio. After the design is finalized, gears can be produced through numerous methods, including hobbing, shaping, milling, and grinding. Finally, they undergo various finishing processes, such as heat treatment, to enhance their strength and durability. This is followed by gear inspection, including gear rolling tests, backlash measurements, and tooth contact pattern analysis to ensure dimensional accuracy and proper tooth profile.
Gear Manufacturing Market Trends:
Gears are essential components in transmissions, drivelines, and differentials in a wide range of vehicles, including passenger cars, commercial vehicles, and off-road vehicles. As a result, the bolstering growth of the automotive sector and the increasing production of automobiles are prime factors driving the market growth. Besides this, gears are extensively used in a variety of consumer electronic products, including cameras, printers, gaming consoles, and home appliances, which, in turn, are aiding in market expansion. Moreover, the expanding industrial automation and the adoption of robotics in the manufacturing and logistics sectors are fueling the need for high-precision gears for efficient and reliable machinery operation. Concurrent with this, the rising demand for gearboxes for material handling equipment and heavy-duty machinery, such as cranes, excavators, and loaders used across the construction and mining industries, is contributing to the market growth. In addition to this, the growing product utilization across the thriving aerospace and defense sectors in aircraft engines, helicopters, military vehicles, and other critical applications is creating a positive outlook for the market. In line with this, the surging product utilization across wind turbines and solar tracking systems and the growing demand for precision gears in medical equipment, including imaging devices, surgical instruments, and robotic systems, are propelling the market forward. Furthermore, ongoing technological advancements, such as the development of high-performance materials, innovative gear designs, and improved manufacturing processes, are presenting remunerative growth opportunities for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global gear manufacturing market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product and end user.
Product Insights:
Worm Gear
Bevel Gear
Others
The report has provided a detailed breakup and analysis of the gear manufacturing market based on the product. This includes worm gear, bevel gear, and others.
End User Insights:
Oil and Gas industry
Power Industry
Automotive
Others
A detailed breakup and analysis of the gear manufacturing market based on the end user has also been provided in the report. This includes the oil and gas industry, power industry, automotive, and others. According to the report, automotive accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for gear manufacturing. Some of the factors driving the Asia Pacific gear manufacturing market included the expanding industrial automation, the rising demand for passenger and commercial vehicles, and the growing adoption of renewable energy sources.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global gear manufacturing market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Bonfiglioli S.P.A, David Brown Santasalo, Emerson Electric Co, Rotork Plc, SEW-EURODRIVE GmbH and Co KG, Siemens AG, Sumitomo Heavy Industries Ltd., Walterscheid Powertrain Group (Comer Industries), WEG S.A. (WEG Participacoes e Servicos S.A.), ZF Friedrichshafen AG (Zeppelin-Stiftung), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. How big is the global gear manufacturing market?
2. What is the expected growth rate of the global gear manufacturing market during 2024-2032?
3. What are the key factors driving the global gear manufacturing market?
4. What has been the impact of COVID-19 on the global gear manufacturing market?
5. What is the breakup of the global gear manufacturing market based on the end user?
6. What are the key regions in the global gear manufacturing market?
7. Who are the key players/companies in the global gear manufacturing market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Gear Manufacturing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Worm Gear
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Bevel Gear
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End User
7.1 Oil and Gas industry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Power Industry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Automotive
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Bonfiglioli S.P.A
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 David Brown Santasalo
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Emerson Electric Co
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Rotork Plc
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 SEW-EURODRIVE GmbH and Co KG
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Siemens AG
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Sumitomo Heavy Industries Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Walterscheid Powertrain Group (Comer Industries)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 WEG S.A. (WEG Participacoes e Servicos S.A.)
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 ZF Friedrichshafen AG (Zeppelin-Stiftung)
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 SWOT Analysis
Figure 1: Global: Gear Manufacturing Market: Major Drivers and Challenges
Figure 2: Global: Gear Manufacturing Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Gear Manufacturing Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Gear Manufacturing Market: Breakup by Product (in %), 2023
Figure 5: Global: Gear Manufacturing Market: Breakup by End-User (in %), 2023
Figure 6: Global: Gear Manufacturing Market: Breakup by Region (in %), 2023
Figure 7: Global: Gear Manufacturing (Worm Gear) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Gear Manufacturing (Worm Gear) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Gear Manufacturing (Bevel Gear) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Gear Manufacturing (Bevel Gear) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Gear Manufacturing (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Gear Manufacturing (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Gear Manufacturing (Oil and Gas industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Gear Manufacturing (Oil and Gas industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Gear Manufacturing (Power Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Gear Manufacturing (Power Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Gear Manufacturing (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Gear Manufacturing (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Gear Manufacturing (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Gear Manufacturing (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: North America: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: North America: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: United States: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: United States: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Canada: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Canada: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Asia-Pacific: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Asia-Pacific: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: China: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: China: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Japan: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Japan: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: India: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: India: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: South Korea: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: South Korea: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Australia: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Australia: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Indonesia: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Indonesia: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Others: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Others: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Europe: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Europe: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Germany: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Germany: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: France: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: France: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: United Kingdom: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: United Kingdom: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Italy: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Italy: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Spain: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Spain: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Russia: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Russia: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Latin America: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Latin America: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Brazil: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Brazil: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Mexico: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Mexico: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Middle East and Africa: Gear Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Middle East and Africa: Gear Manufacturing Market: Breakup by Country (in %), 2023
Figure 69: Middle East and Africa: Gear Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Global: Gear Manufacturing Industry: Drivers, Restraints, and Opportunities
Figure 71: Global: Gear Manufacturing Industry: Value Chain Analysis
Figure 72: Global: Gear Manufacturing Industry: Porter's Five Forces Analysis
Table 1: Global: Gear Manufacturing Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Gear Manufacturing Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Gear Manufacturing Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 4: Global: Gear Manufacturing Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Gear Manufacturing Market: Competitive Structure
Table 6: Global: Gear Manufacturing Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security