Gear Demand Market by Region - North America, Latin America, Europe, Japan, APEJ, MEA; Product Type - Worm Gear, Bevel Gear, Spur Gear, Helical Gear, Screw Gear, Internal Gea, Face Gear, Zerol Gear, Hypoid Gear, Other Gears; End User - Automotive ,Process
According to Fact.MR, the global gear demand market is expected to represent a value of nearly US$ 320,000 Mn by the end of 2026.
Transportation Industry to Impact Global Market Growth
Incorporation of gears in the production process has improved efficiency, simplified tuning and slashed down the motor-drive expenses in the transportation industry. Automotive equipped with gears enable the end users to adjust the direction of rotation of the rear wheels. Manufacturers in the automotive industry are further focusing on designing technologically advanced gear motor and gear boxes that helps in minimizing the costs related with energy and further enables the industries to fulfill their tasks effectively. Bound to these factors, sales of the gear demand will continue to remain high in the global market.
Request 170 Pages Sample Report Now:
Advanced Features to Underscore Lucrative Growth Opportunities
Emerging gear technology has further contributed towards the global gear demand market during the forecast period. With the growing need for automotive gears and heat treatment furnaces, demand for range of gears is likely to increase in the global market positively. Cutting-edge technology incorporated in range of gears enables the manufacturers to offer quality process. Leading technological features such as self-monitoring, advanced protection and monitoring functions will continue to boost sales of the technologically advanced gears. Integration of gears equipped with advanced technological features has led to enhance reliability and performance of the gears adopted for the manufacturing process. As manufacturers are increasingly focusing on the introducing innovative features in range of gears for high-quality manufacturing process in a wide swath of industries, growth of the global gear demand market will continue to witness an impressive growth in the global market.
Sales to Remain High for Bevel Gear Products
With the growing need for transmitting power, demand for the bevel gears continue to remain high globally. In terms of revenue, the bevel gear product type segment is expected to generate significant revenues, accounting for over US$ 18,000 Mn by the end of 2026. On the other hand, the helical gear product type segment is expected to witness the fastest growth in the global gear demand market during the forecast period.
On the basis of end users, the automotive segment is expected to represent a robust revenue growth, recording a value of over US$ 44,000 Mn by 2017-end. However, the process industry end users segment is expected to register the highest CAGR through 2026.
Based on material type, the metallic segment is expected to represent significant revenue growth, accounting for a value of nearly US$ 88,000 Mn by 2026-end. In contrary to this, the non-metallic material type segment is expected to register a healthy CAGR throughout the forecast period.
Leading market players operating in the global gear demand market include ZF Friedrichshafen AG, Valeo SA, Toyota Motor Corporation, Sumitomo Heavy Industries, Ltd., Siemens AG, Magna International Inc., Hyundai Motor Company, General Motors Company, Fiat Chrysler Automobiles N.V., Eaton Corporation Plc, Dana Holding Corporation, Robert Bosch GMBH, American Axle & Manufacturing, Inc., Aisin Seiki Co., Ltd and XINAPSE SYSTEMS LIMITED.
Report Analysis at https://www.factmr.com/report/332/gear-demand-market
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
Follow Us on Linkedin: www.linkedin.com/company/factmr/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gear Demand Market by Region - North America, Latin America, Europe, Japan, APEJ, MEA; Product Type - Worm Gear, Bevel Gear, Spur Gear, Helical Gear, Screw Gear, Internal Gea, Face Gear, Zerol Gear, Hypoid Gear, Other Gears; End User - Automotive ,Process here
News-ID: 1344674 • Views: 333
More Releases from Fact.MR
Body Mist Market Is Projected To Record A Volume CAGR Of 3.5% Through 2028
According to a recent Fact.MR study, worldwide sales of body mists exceeded 275 million units in 2018, and are estimated to record a Y-o-Y growth of 3.5% in 2019. The body mist industry continues to be influenced by various factors, ranging from increasing consumer spending on personal grooming products to a new trend for fragrance wardrobes. Such trends have been influencing consumers to invest in different perfumes and fragrances to layer
Network Attached Storage to Hit US$ 115.2 Billion by 2032, Unveils Fact.MR
Global network attached storage (NAS) industry revenue was US$ 26.9 billion in FY 2021 and is expected to reach US$ 31.1 billion in 2022, with a 15.61 percent year-on-year growth rate. The market is poised to begin a positive trend, with a 14 percent value CAGR from 2022 to 2032. By 2032, the market is expected to be worth US$ 115.2 billion. Overall, until 2032, the NAS landscape is expected to
5G Fixed Wireless Market Size Is Predicted To Touch US$ 121 Billion By 2032 - Sa …
The global 5G fixed wireless access market is expected to be worth US$ 121 billion by 2032, with a 43.6 percent CAGR. In 2022, the market is expected to be valued at US$ 3.3 billion. By 2032, the market is expected to grow by 117.8 billion dollars in absolute terms. The growing adoption of modern technologies such as the Internet of Things (IoT) and machine-to-machine communication can be attributed to the
North American Precision Farming Market Is Projected To Grow At The Rate Of 12.1 …
250 Pages North America Precision Farming Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth. The report offers actionable and
More Releases for Gear
Rewild Gear Podcast Release
Rewild Gear LLC recently launched The Rewild Gear Podcast to support their new brand of high end, minimalistic outdoor gear and equipment launching summer 2021. The Rewild Gear Podcast is a weekly show capturing the stories and passions of outdoor enthusiasts around camping, hiking, hunting, fishing, backpacking, bush crafting, conservation, and much more. Every Wednesday, host and founder Seth Spears interviews seasoned experts about their most memorable wilderness adventures, favorite gear, professional
Commercial Aircraft Landing Gear Market
The commercial aircraft landing gear market is valued at USD 14.72 billion in 2020 and is anticipated to register a CAGR of 4.18% during the forecast period to reach USD 20.13 billion by 2026. Over the years, there is an increase in aircraft orders from various airlines around the world. This is primarily due to an increase in the number of passengers opting for air travel. The COVID-19 pandemic affected the
Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service. Hurtle Gear is your one-stop shop for all motorcycle parts, products and accessories. Beautiful products and brilliant service. Hurtle Gear 3/4 Mummery Crescent Bunbury Western Australia 6230
Automotive Gear Oil Market
Automobile gears (or cogs) are rotating machine part having cut teeth, or cogs which mesh with another toothed part in order to transmit torque. The arrangement of two or more gears forms automotive transmission system. Automotive gear oil can be petroleum or synthetic based, used especially for lubricating automotive gears for all class of vehicles. It provide high transmission efficiency, reduce engine heating, provides proper clutch friction, insure better oxidation
Harmonic Drive Gear Reduction
Publisher Research announces that it has published a new study Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024. The 2018 study has 230 pages, 141 tables and figures. The leading vendors in the harmonic drive industry have invested in high-quality technology and processes to develop leading edge reducer strain relief gearbox capability. Request Sample Copy at http://www.reportsweb.com/inquiry&RW00011308042/sample Harmonic
Global Automotive Differential Gear Market
The Automotive Differential Gear Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Global Automotive Differential Gear Market: Market Dynamics The growth of global automotive differential gear market is fueled by increasing vehicle production across the globe. The major factors which drives the global