Plastic Gears Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Plastic Gears Market

The global market for Plastic Gears was estimated to be worth US$ 433.4 million in 2023 and is forecast to a readjusted size of US$ 588 million by 2030 with a CAGR of 4.4% during the forecast period 2024-2030.

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Plastic gears have positioned themselves as serious alternatives to traditional metal gears in a wide variety of applications. The use of plastic gears has expanded from low power, precision motion transmission into more demanding power transmission applications. As designers push the limits of acceptable plastic gear applications, more is learned about the behavior of plastics in gearing and how to take advantage of their unique characteristics.

Plastic gears provide a number of advantages over metal gears. They have less weight, lower inertia, and run much quieter than their metal counterparts. Plastic gears often require no lubrication or can be compounded with internal lubricants such as PTFE or silicone. Plastic gears usually have a lower unit cost than metal gears, and can be designed to incorporate other features needed in the assembly (part consolidation). These gears are also resistant to many corrosive environments.

The first use of thermoplastic gears undoubtedly consisted of neat nylon and acetal gears carrying low loads at low speeds. As the advantages of using thermoplastic gears became clearer and new, higher performance materials became available, designers began using plastic gears in more demanding applications. The use of reinforcements and internal lubricants compounded into these materials has expanded their use even more.

The major players in global Plastic Gears market include Vigor Precision Limited, IMS Gear, Creative & Bright Group, etc. The top 3 players occupy about 35% shares of the whole market. Asia Pacific and Europe are main markets, they occupy about 80% of the global market. POM Plastic Gears and Nylon Resin Plastic Gears are main types, with a share about 80%. Automobile Industry and Electronic and Electrical Appliances are main applications, which hold a share about 70%.

By Type
• POM Plastic Gears
• PBT Plastic Gears
• Nylon Resin Plastic Gears
• PET Plastic Gears
• PC Plastic Gears
• High Performance Plastics Gears

By Application
• Automobile Industry
• Electronic and Electrical Appliances
• Industrial Equipment
• Medical Industry

Key Companies
Vigor Precision Limited, IMS Gear, Creative & Bright Group, San-Tohno Seimitsu Molding, Winzeler Gear, Oechsler AG, ZhongShang Sansei Precision, Plastic Molding Technology, Designatronics, Essentra, Shuanglin Group, Gleason, Kohara Gear Industry, Feng Hua Kedi Plastic Gear, Rush Gears, Seitz LLC, Ningbo Tianlong Electronics, AmTech International, Nozag AG, Shenzhen Huayida Plastic

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This release was published on openPR.