Worm Gear Drives Market in North America Market Size 2023 Industry Chain and Sales Channels Analysis, Latest Technology

The North America Worm Gear Drives Market was valued at US$ 601.23 million in 2022 and is expected to reach US$ 695.35 million by 2030; it is estimated to register a CAGR of 1.8% from 2022 to 2030.

Get Exclusive Sample PDF @: https://www.businessmarketinsights.com/sample/BMIRE00030531?utm_source=OpenPr&utm_medium=10640

Worm gear drives are widely used in steering systems, power seats, convertible tops, sunroofs, and HVAC systems, among other automobile parts. In steering systems, worm gear drives are used in rack-and-pinion designs. The worm gear drive converts the circular motion of the steering wheel into the linear motion required by the steering system. The self-locking feature of the worm gear drives is beneficial for the steering systems, as it helps keep the system stable and in the appropriate position. Worm gear drives are also used in power seat adjustments to ensure smooth and controlled movement. They offer the torque and precision required to modify the seat position, recline angle, and height as per drivers' specifications. Worm gear drives are utilized in vehicle HVAC systems to manage airflow and temperature. These gears aid in the adjustment of the air blend doors and recirculation flaps, resulting in efficient climate management within cars.

Analysis of the Top Market Players:

1. Kohara Gear Industry Co Ltd.
2. Boston Gear LLC.
3. Delroyd Worm Gear LLC.
4. Tulsa Winch Inc.
5. Cleveland Gear Co Inc.
6. The Timken Co.

In this report, the market has been segmented on the basis of:

Operation Type (Cylindrical Worm Gear and Single and Double Enveloping Worm Gear)

Product Type (Housed Units, Gearsets, and High Speed Worms)

Material Type (Stainless Steel, Cast Iron, Aluminum, and Others)

Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.businessmarketinsights.com/reports/north-america-worm-gear-drives-market

Increased vehicle production and sales directly impact the demand for steering systems, HVAC systems, and power seats, ultimately triggering the sales of worm gear drives. As per the data published by the International Organization of Motor Vehicle Manufacturers in 2023, 57 million passenger cars were sold in 2022 globally, an increase of 1 million units from 2021. Countries such as the US, Germany, China, and India are a few of the top automotive industry markets. According to the American Automotive Association, the automobile manufacturing sector accounted for 11% of the US GDP in 2022. The US has the world's eighth-largest automotive manufacturing industry, which generates US$ 1 trillion annually for the US economy. The manufacturing of motor parts and vehicles represents 3% of the US GDP, according to the Alliance for Auto Innovation Report in 2022. The US car and automobile manufacturing sector was valued at US$ 104.1 billion in 2023. In 2021, nearly 9.2 million vehicles were produced in the country, recording an upsurge of 4.5% compared to 2020. Rising vehicle production has created a massive demand for automobile products and services. Also, according to the Society for Indian Automotive Manufacturers (SIAM) Report, India's Motor Vehicle Production reached 5.45 million units in 2022, compared to 4.4 million units produced in 2021.

Order a copy of this research report at @: https://www.businessmarketinsights.com/buy/single/BMIRE00030531?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +16467917070
Email: sales@businessmarketinsights.com

About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

This release was published on openPR.