Girth Gear Market Share Grows with Increasing Demand in Cement, Mining, and Power Generation Industries | Valuates Reports

Girth Gear Market Size
The global Girth Gear revenue was US$ 5664 million in 2022 and is forecast to a readjusted size of US$ 6338.1 million by 2029 with a CAGR of 1.6% during the forecast period (2023-2029).

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Market Size and Industry Context:

The Girth Gear Market is experiencing consistent growth as heavy industries continue to prioritize large, durable transmission components for rotary equipment. Girth gears are essential in driving large-scale industrial machines such as rotary kilns, ball mills, and dryers, commonly used in cement production, mining operations, and thermal power plants. As global infrastructure projects expand and demand for raw materials rises, the market size for girth gears continues to grow.

Market Share and Regional Overview:

Asia-Pacific holds a dominant share of the girth gear market, supported by ongoing industrialization and construction activities, especially in countries like China and India. North America and Europe also maintain steady shares, driven by modernization of industrial plants and focus on energy efficiency. These regions benefit from technological advancements and established manufacturing bases that support high-precision gear production.

Market Growth, Revenue Trends, and Analysis:

Market growth is being driven by the increasing need for high-load, low-maintenance power transmission systems in heavy-duty industrial applications. Ongoing innovation in materials and gear manufacturing processes is enhancing gear strength, lifespan, and operational efficiency. As industries upgrade or expand facilities, the girth gear market is expected to see sustained revenue growth, supported by long-term infrastructure investments and demand for reliable mechanical performance.

Segment by Type

• Spur Girth Gear
• Helical Girth Gear

Segment by Application

• Cement
• Mining
• Chemical and Petrochemicals
• Power Generation
• Others

By Company

David Brown Santasalo, SEW-Eurodrive, Groupe CIF, FLSmidth MAAG Gear, Dingwell's, CHAENG, NIPPON CHUZO, PWT Van Der Wegen, UEDA HEAVY GEAR WORKS, Galbiati Group, Ashoka, Zhili New Materials

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This release was published on openPR.