Global Gears Market Growth 2024-2030
The global Gears market size was valued at US$ 197,340 million in 2023. With growing demand in the downstream market, gears are forecasted to expand further, driven by applications
- Bonafide Trust
- 31-05-2024
- Pages : 85
- Figures : 85
- Tables : 231
- Region : Global
- Category : Automotive & Transport
- Automotive Parts
Introduction A gear or cogwheel is a rotating machine part having cut teeth, or cogs, which mesh with another toothed part to transmit torque. Market Insights According to the Publishers’ latest study, the global Gears market size was valued at US$ 197340 million in 2023. With growing demand in downstream market, the Gears is forecast to a readjusted size of US$ 258680 million by 2030 with a CAGR of 3.9% during review period.
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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleGlobal Gears key players include Toyota, Volkswagen, General Motors, Ford, Daimler, etc. Global top five manufacturers hold a share over 30%. Asia Pacific is the largest market, with a share over 50%, followed by USA and Europe, both have a share over 30% percent. In terms of product, POM Plastic Gears is the largest segment, with a share over 60%. And in terms of application, the largest application is Automobile Industry, followed by Industrial Equipment. Key Features:
The report on Gears market reflects various aspects and provide valuable insights into the industry. Trends: The global gear or cogwheel market is experiencing a shift towards the increased use of advanced materials, such as high-performance plastics and composite materials, in the manufacturing of gears and cogwheels. There is a growing demand for compact, lightweight, and quieter gear or cogwheel designs to meet the needs of various industries, including automotive, aerospace, and industrial equipment. The rise of automation and robotics has led to a higher demand for precise and durable gear or cogwheel components in industrial applications. The adoption of Industry 4.0 and the integration of smart manufacturing technologies have resulted in the increased demand for gear or cogwheel solutions with advanced monitoring and control capabilities. Environmental sustainability and energy efficiency have become key considerations, driving the development of gear or cogwheel designs that optimize power transmission and reduce energy consumption. The growing trend of asset maintenance and rebuild programs in various industries has increased the demand for replacement and aftermarket gear or cogwheel products. Drivers: The expansion of the manufacturing and industrial sectors, particularly in emerging markets, has increased the overall demand for gear or cogwheel components across various applications. The growing demand for energy-efficient and high-performance power transmission systems in industries such as automotive, wind energy, and material handling has driven the development of advanced gear or cogwheel technologies. The increasing adoption of automation, robotics, and Industry 4.0 technologies in industrial and manufacturing processes has created a need for more precise and reliable gear or cogwheel components. The rising demand for lightweight and compact gear or cogwheel designs to meet the requirements of weight-sensitive applications, such as aerospace and defense, has prompted innovation in material selection and manufacturing processes. The need for quieter and vibration-free gear or cogwheel solutions to improve the overall performance and user experience in various industries, including automotive and consumer electronics, has been a key driver. The growing emphasis on asset maintenance and life extension in various industries has increased the demand for replacement and aftermarket gear or cogwheel products. Opportunities: The development of advanced materials, such as high-performance plastics and composites, provides opportunities for the design and manufacture of innovative gear or cogwheel solutions that offer improved performance, durability, and weight reduction. The increasing demand for energy-efficient and environmentally sustainable power transmission systems can drive the development of gear or cogwheel designs that optimize energy consumption and minimize environmental impact. The growing adoption of automation, robotics, and Industry 4.0 technologies in various industries presents opportunities for gear or cogwheel suppliers to integrate smart monitoring and control features into their products. The expansion of the aerospace, defense, and renewable energy sectors can create new avenues for gear or cogwheel manufacturers to develop specialized solutions tailored to the unique requirements of these industries. The trend towards asset maintenance and rebuild programs in various industries can open up opportunities for aftermarket gear or cogwheel suppliers to provide replacement and refurbishment services. The diversification of industrial applications and the emergence of new sectors, such as electric mobility and medical equipment, can present opportunities for gear or cogwheel manufacturers to explore new markets and develop custom solutions. Threats: The highly competitive nature of the gear or cogwheel market, with both established players and new entrants vying for market share, can put pressure on prices and profit margins. The volatility in raw material prices, energy costs, and labor expenses can impact the profitability and pricing strategies of gear or cogwheel manufacturers. The growing adoption of alternative power transmission technologies, such as belt drives, magnetic couplings, and electronic actuators, can pose a threat to the traditional gear or cogwheel market. The increasing emphasis on environmental sustainability and the circular economy can lead to regulatory changes or consumer shifts that impact the gear or cogwheel industry's traditional manufacturing and operating models. The risk of product failures, quality issues, or safety concerns can undermine customer trust and have significant reputational and financial consequences for gear or cogwheel suppliers. The emergence of new manufacturing technologies, such as additive manufacturing, can disrupt traditional gear or cogwheel production processes and create competition from non-traditional players. Market Size and Growth: The research report provide an overview of the current size and growth of the Gears market. It may include historical data, market segmentation by Type (e.g., Spur Gear, Helical Gear), and regional breakdowns. Competitive Landscape: The research report provides analysis of the competitive landscape within the Gears market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Gears market. It includes factors influencing customer ' purchasing decisions, preferences for Gears product. Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Gears market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Gears market. The report also evaluates the effectiveness of these policies in driving market growth. Market Forecasts and Future Outlook: The global gear or cogwheel market is poised for continued growth, driven by the increasing demand for high-performance, energy-efficient, and technologically advanced power transmission solutions. Market Segmentation: Gears market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. Segmentation by type Spur Gear Helical Gear Bevel Gear Worm Gear Gear Rack Others Segmentation by application Vehicles Industry Special Equipment This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. Toyota Volkswagen General Motors Ford Daimler Fiat Chrysler David Brown Eaton Robert Bosch Honda Magna Caterpillar CHSTE ZF Friedrichshafen Aisin Seiki Dana Holding FLSmidth MAAG Gear GKN plc Emerson Electric Bonfiglioli Allison Transmission Shaanxi Fast Gear Sumitomo Heavy Industries Winergy AAM BorgWarner Carraro SpA SEW-EURODRIVE Meritor Rotork plc
Table of Contents
- 1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Years Considered
- 1.3 Research Objectives
- 1.4 Market Research Methodology
- 1.5 Research Process and Data Source
- 1.6 Economic Indicators
- 1.7 Currency Considered
- 1.8 Market Estimation Caveats
- 2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Gears Annual Sales 2019-2030
- 2.1.2 World Current & Future Analysis for Gears by Geographic Region, 2019, 2023 & 2030
- 2.1.3 World Current & Future Analysis for Gears by Country/Region, 2019, 2023 & 2030
- 2.2 Gears Segment by Type
- 2.2.1 Spur Gear
- 2.2.2 Helical Gear
- 2.2.3 Bevel Gear
- 2.2.4 Worm Gear
- 2.2.5 Gear Rack
- 2.2.6 Others
- 2.3 Gears Sales by Type
- 2.3.1 Global Gears Sales Market Share by Type (2019-2024)
- 2.3.2 Global Gears Revenue and Market Share by Type (2019-2024)
- 2.3.3 Global Gears Sale Price by Type (2019-2024)
- 2.4 Gears Segment by Application
- 2.4.1 Vehicles
- 2.4.2 Industry
- 2.4.3 Special Equipment
- 2.5 Gears Sales by Application
- 2.5.1 Global Gears Sale Market Share by Application (2019-2024)
- 2.5.2 Global Gears Revenue and Market Share by Application (2019-2024)
- 2.5.3 Global Gears Sale Price by Application (2019-2024)
- 3 Global Gears by Company
- 3.1 Global Gears Breakdown Data by Company
- 3.1.1 Global Gears Annual Sales by Company (2019-2024)
- 3.1.2 Global Gears Sales Market Share by Company (2019-2024)
- 3.2 Global Gears Annual Revenue by Company (2019-2024)
- 3.2.1 Global Gears Revenue by Company (2019-2024)
- 3.2.2 Global Gears Revenue Market Share by Company (2019-2024)
- 3.3 Global Gears Sale Price by Company
- 3.4 Key Manufacturers Gears Producing Area Distribution, Sales Area, Product Type
- 3.4.1 Key Manufacturers Gears Product Location Distribution
- 3.4.2 Players Gears Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
- 4 World Historic Review for Gears by Geographic Region
- 4.1 World Historic Gears Market Size by Geographic Region (2019-2024)
- 4.1.1 Global Gears Annual Sales by Geographic Region (2019-2024)
- 4.1.2 Global Gears Annual Revenue by Geographic Region (2019-2024)
- 4.2 World Historic Gears Market Size by Country/Region (2019-2024)
- 4.2.1 Global Gears Annual Sales by Country/Region (2019-2024)
- 4.2.2 Global Gears Annual Revenue by Country/Region (2019-2024)
- 4.3 Americas Gears Sales Growth
- 4.4 APAC Gears Sales Growth
- 4.5 Europe Gears Sales Growth
- 4.6 Middle East & Africa Gears Sales Growth
- 5 Americas
- 5.1 Americas Gears Sales by Country
- 5.1.1 Americas Gears Sales by Country (2019-2024)
- 5.1.2 Americas Gears Revenue by Country (2019-2024)
- 5.2 Americas Gears Sales by Type
- 5.3 Americas Gears Sales by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Brazil
- 6 APAC
- 6.1 APAC Gears Sales by Region
- 6.1.1 APAC Gears Sales by Region (2019-2024)
- 6.1.2 APAC Gears Revenue by Region (2019-2024)
- 6.2 APAC Gears Sales by Type
- 6.3 APAC Gears Sales by Application
- 6.4 China
- 6.5 Japan
- 6.6 South Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 China Taiwan
- 7 Europe
- 7.1 Europe Gears by Country
- 7.1.1 Europe Gears Sales by Country (2019-2024)
- 7.1.2 Europe Gears Revenue by Country (2019-2024)
- 7.2 Europe Gears Sales by Type
- 7.3 Europe Gears Sales by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 8 Middle East & Africa
- 8.1 Middle East & Africa Gears by Country
- 8.1.1 Middle East & Africa Gears Sales by Country (2019-2024)
- 8.1.2 Middle East & Africa Gears Revenue by Country (2019-2024)
- 8.2 Middle East & Africa Gears Sales by Type
- 8.3 Middle East & Africa Gears Sales by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
- 9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers & Growth Opportunities
- 9.2 Market Challenges & Risks
- 9.3 Industry Trends
- 10 Manufacturing Cost Structure Analysis
- 10.1 Raw Material and Suppliers
- 10.2 Manufacturing Cost Structure Analysis of Gears
- 10.3 Manufacturing Process Analysis of Gears
- 10.4 Industry Chain Structure of Gears
- 11 Marketing, Distributors and Customer
- 11.1 Sales Channel
- 11.1.1 Direct Channels
- 11.1.2 Indirect Channels
- 11.2 Gears Distributors
- 11.3 Gears Customer
- 12 World Forecast Review for Gears by Geographic Region
- 12.1 Global Gears Market Size Forecast by Region
- 12.1.1 Global Gears Forecast by Region (2025-2030)
- 12.1.2 Global Gears Annual Revenue Forecast by Region (2025-2030)
- 12.2 Americas Forecast by Country
- 12.3 APAC Forecast by Region
- 12.4 Europe Forecast by Country
- 12.5 Middle East & Africa Forecast by Country
- 12.6 Global Gears Forecast by Type
- 12.7 Global Gears Forecast by Application
- 13 Key Players Analysis
- 13.1 Toyota
- 13.1.1 Toyota Company Information
- 13.1.2 Toyota Gears Product Portfolios and Specifications
- 13.1.3 Toyota Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.1.4 Toyota Main Business Overview
- 13.1.5 Toyota Latest Developments
- 13.2 Volkswagen
- 13.2.1 Volkswagen Company Information
- 13.2.2 Volkswagen Gears Product Portfolios and Specifications
- 13.2.3 Volkswagen Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.2.4 Volkswagen Main Business Overview
- 13.2.5 Volkswagen Latest Developments
- 13.3 General Motors
- 13.3.1 General Motors Company Information
- 13.3.2 General Motors Gears Product Portfolios and Specifications
- 13.3.3 General Motors Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.3.4 General Motors Main Business Overview
- 13.3.5 General Motors Latest Developments
- 13.4 Ford
- 13.4.1 Ford Company Information
- 13.4.2 Ford Gears Product Portfolios and Specifications
- 13.4.3 Ford Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.4.4 Ford Main Business Overview
- 13.4.5 Ford Latest Developments
- 13.5 Daimler
- 13.5.1 Daimler Company Information
- 13.5.2 Daimler Gears Product Portfolios and Specifications
- 13.5.3 Daimler Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.5.4 Daimler Main Business Overview
- 13.5.5 Daimler Latest Developments
- 13.6 Fiat Chrysler
- 13.6.1 Fiat Chrysler Company Information
- 13.6.2 Fiat Chrysler Gears Product Portfolios and Specifications
- 13.6.3 Fiat Chrysler Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.6.4 Fiat Chrysler Main Business Overview
- 13.6.5 Fiat Chrysler Latest Developments
- 13.7 David Brown
- 13.7.1 David Brown Company Information
- 13.7.2 David Brown Gears Product Portfolios and Specifications
- 13.7.3 David Brown Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.7.4 David Brown Main Business Overview
- 13.7.5 David Brown Latest Developments
- 13.8 Eaton
- 13.8.1 Eaton Company Information
- 13.8.2 Eaton Gears Product Portfolios and Specifications
- 13.8.3 Eaton Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.8.4 Eaton Main Business Overview
- 13.8.5 Eaton Latest Developments
- 13.9 Robert Bosch
- 13.9.1 Robert Bosch Company Information
- 13.9.2 Robert Bosch Gears Product Portfolios and Specifications
- 13.9.3 Robert Bosch Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.9.4 Robert Bosch Main Business Overview
- 13.9.5 Robert Bosch Latest Developments
- 13.10 Honda
- 13.10.1 Honda Company Information
- 13.10.2 Honda Gears Product Portfolios and Specifications
- 13.10.3 Honda Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.10.4 Honda Main Business Overview
- 13.10.5 Honda Latest Developments
- 13.11 Magna
- 13.11.1 Magna Company Information
- 13.11.2 Magna Gears Product Portfolios and Specifications
- 13.11.3 Magna Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.11.4 Magna Main Business Overview
- 13.11.5 Magna Latest Developments
- 13.12 Caterpillar
- 13.12.1 Caterpillar Company Information
- 13.12.2 Caterpillar Gears Product Portfolios and Specifications
- 13.12.3 Caterpillar Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.12.4 Caterpillar Main Business Overview
- 13.12.5 Caterpillar Latest Developments
- 13.13 CHSTE
- 13.13.1 CHSTE Company Information
- 13.13.2 CHSTE Gears Product Portfolios and Specifications
- 13.13.3 CHSTE Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.13.4 CHSTE Main Business Overview
- 13.13.5 CHSTE Latest Developments
- 13.14 ZF Friedrichshafen
- 13.14.1 ZF Friedrichshafen Company Information
- 13.14.2 ZF Friedrichshafen Gears Product Portfolios and Specifications
- 13.14.3 ZF Friedrichshafen Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.14.4 ZF Friedrichshafen Main Business Overview
- 13.14.5 ZF Friedrichshafen Latest Developments
- 13.15 Aisin Seiki
- 13.15.1 Aisin Seiki Company Information
- 13.15.2 Aisin Seiki Gears Product Portfolios and Specifications
- 13.15.3 Aisin Seiki Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.15.4 Aisin Seiki Main Business Overview
- 13.15.5 Aisin Seiki Latest Developments
- 13.16 Dana Holding
- 13.16.1 Dana Holding Company Information
- 13.16.2 Dana Holding Gears Product Portfolios and Specifications
- 13.16.3 Dana Holding Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.16.4 Dana Holding Main Business Overview
- 13.16.5 Dana Holding Latest Developments
- 13.17 FLSmidth MAAG Gear
- 13.17.1 FLSmidth MAAG Gear Company Information
- 13.17.2 FLSmidth MAAG Gear Gears Product Portfolios and Specifications
- 13.17.3 FLSmidth MAAG Gear Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.17.4 FLSmidth MAAG Gear Main Business Overview
- 13.17.5 FLSmidth MAAG Gear Latest Developments
- 13.18 GKN plc
- 13.18.1 GKN plc Company Information
- 13.18.2 GKN plc Gears Product Portfolios and Specifications
- 13.18.3 GKN plc Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.18.4 GKN plc Main Business Overview
- 13.18.5 GKN plc Latest Developments
- 13.19 Emerson Electric
- 13.19.1 Emerson Electric Company Information
- 13.19.2 Emerson Electric Gears Product Portfolios and Specifications
- 13.19.3 Emerson Electric Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.19.4 Emerson Electric Main Business Overview
- 13.19.5 Emerson Electric Latest Developments
- 13.20 Bonfiglioli
- 13.20.1 Bonfiglioli Company Information
- 13.20.2 Bonfiglioli Gears Product Portfolios and Specifications
- 13.20.3 Bonfiglioli Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.20.4 Bonfiglioli Main Business Overview
- 13.20.5 Bonfiglioli Latest Developments
- 13.21 Allison Transmission
- 13.21.1 Allison Transmission Company Information
- 13.21.2 Allison Transmission Gears Product Portfolios and Specifications
- 13.21.3 Allison Transmission Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.21.4 Allison Transmission Main Business Overview
- 13.21.5 Allison Transmission Latest Developments
- 13.22 Shaanxi Fast Gear
- 13.22.1 Shaanxi Fast Gear Company Information
- 13.22.2 Shaanxi Fast Gear Gears Product Portfolios and Specifications
- 13.22.3 Shaanxi Fast Gear Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.22.4 Shaanxi Fast Gear Main Business Overview
- 13.22.5 Shaanxi Fast Gear Latest Developments
- 13.23 Sumitomo Heavy Industries
- 13.23.1 Sumitomo Heavy Industries Company Information
- 13.23.2 Sumitomo Heavy Industries Gears Product Portfolios and Specifications
- 13.23.3 Sumitomo Heavy Industries Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.23.4 Sumitomo Heavy Industries Main Business Overview
- 13.23.5 Sumitomo Heavy Industries Latest Developments
- 13.24 Winergy
- 13.24.1 Winergy Company Information
- 13.24.2 Winergy Gears Product Portfolios and Specifications
- 13.24.3 Winergy Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.24.4 Winergy Main Business Overview
- 13.24.5 Winergy Latest Developments
- 13.25 AAM
- 13.25.1 AAM Company Information
- 13.25.2 AAM Gears Product Portfolios and Specifications
- 13.25.3 AAM Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.25.4 AAM Main Business Overview
- 13.25.5 AAM Latest Developments
- 13.26 BorgWarner
- 13.26.1 BorgWarner Company Information
- 13.26.2 BorgWarner Gears Product Portfolios and Specifications
- 13.26.3 BorgWarner Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.26.4 BorgWarner Main Business Overview
- 13.26.5 BorgWarner Latest Developments
- 13.27 Carraro SpA
- 13.27.1 Carraro SpA Company Information
- 13.27.2 Carraro SpA Gears Product Portfolios and Specifications
- 13.27.3 Carraro SpA Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.27.4 Carraro SpA Main Business Overview
- 13.27.5 Carraro SpA Latest Developments
- 13.28 SEW-EURODRIVE
- 13.28.1 SEW-EURODRIVE Company Information
- 13.28.2 SEW-EURODRIVE Gears Product Portfolios and Specifications
- 13.28.3 SEW-EURODRIVE Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.28.4 SEW-EURODRIVE Main Business Overview
- 13.28.5 SEW-EURODRIVE Latest Developments
- 13.29 Meritor
- 13.29.1 Meritor Company Information
- 13.29.2 Meritor Gears Product Portfolios and Specifications
- 13.29.3 Meritor Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.29.4 Meritor Main Business Overview
- 13.29.5 Meritor Latest Developments
- 13.30 Rotork plc
- 13.30.1 Rotork plc Company Information
- 13.30.2 Rotork plc Gears Product Portfolios and Specifications
- 13.30.3 Rotork plc Gears Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.30.4 Rotork plc Main Business Overview
- 13.30.5 Rotork plc Latest Developments
- 14 Research Findings and Conclusion
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