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A gear or cogwheel is a rotating machine part having cut teeth, or cogs, which mesh with another toothed part to transmit torque.
Market Analysis and Insights: Global Gears Market
Due to the COVID-19 pandemic, the global Gears market size is estimated to be worth US$ 210050 million in 2022 and is forecast to a readjusted size of US$ 262720 million by 2028 with a CAGR of 3.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Spur Gear accounting for % of the Gears global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Vehicles segment is altered to an % CAGR throughout this forecast period.
Global 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.
Global Gears Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Gears Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Spur Gear
Helical Gear
Bevel Gear
Worm Gear
Gear Rack
Others
Segment by Application
Vehicles
Industry
Special Equipment
By Company
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
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Gears Market
Due to the COVID-19 pandemic, the global Gears market size is estimated to be worth US$ 210050 million in 2022 and is forecast to a readjusted size of US$ 262720 million by 2028 with a CAGR of 3.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Spur Gear accounting for % of the Gears global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Vehicles segment is altered to an % CAGR throughout this forecast period.
Global 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.
Global Gears Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Gears Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Spur Gear
Helical Gear
Bevel Gear
Worm Gear
Gear Rack
Others
Segment by Application
Vehicles
Industry
Special Equipment
By Company
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
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
