A gear or cogwheel is a rotating machine part having cut teeth, or cogs, which mesh with another toothed part to transmit torque.
As essential components for giant number of industry products, the gears industry is important for lots of downstream industries; and the market is also directly affected by downstream industries.
There are thousands of manufacturers of gears worldwide, the number maybe much higher than expected. The market competition is quite fierce, and the profitability of gears industry is limited. For price trend analysis, a key variable in the performance of gears producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, core technology improvement, manufacturing equipment innovation, and brand establishment.
According to this study, over the next five years the Gears market will register a 3.7% CAGR in terms of revenue, the global market size will reach USD 214700 million by 2024, from USD 172600 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Gears business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Gears market by product type, application, key manufacturers and key regions and countries.
This study considers the Gears value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Spur Gear
Helical Gear
Bevel Gear
Worm Gear
Gear Rack
Others
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Vehicles
Industry
Special Equipment
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Gears consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Gears market by identifying its various subsegments.
Focuses on the key global Gears manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Gears with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Gears submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
