Press release
Global Gear Demand Market 2017: Analysis by Production, Sales, Supply, Demand, Key Players and Forecast to 2026
Fact.MR
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As the requirement for high-quality and uninterrupted production process arises, manufacturers in various industries are looking for premium quality gears. Premium quality gears with robust wear performance and enhanced surface quality continue to gain significant demand in the medical, automotive, aerospace, agriculture, paper and pulp, mining industry. Power transmission features of the gear incorporates speed, direction of rotation and torque to the production process. Range of gears witness significant demand in range of consumer goods such as screwdrivers, windup alarms and washing machines. These factors will continue to propel growth of the global gear demand market during the forecast period.
4 Forecast Highlights on Global Gear Demand
1. Asia Pacific Excluding Japan (APEJ) is expected to witness highest gear demand during the forecast period 2017-2026. Several industries in countries such as India and China are extending their facilities to meet consumer demand. Hence, the growth in various industries is expected to drive gear demand in APEJ region.
2. North America and Europe are also expected to witness growth during the forecast period 2017-2026. Technological advancements and increasing competition are the factors resulting in the growth of gear demand in these regions. Moreover, companies are also developing new gears that can result in low maintenance cost.
3. Bevel gear is expected to emerge as one of the top-selling products during the forecast period 2017-2026. Bevel gear is estimated to reach nearly US$ 51,900 million revenue by the end of 2026. Meanwhile, helical gear is also likely to witness significant growth during the forecast period 2017-2026.
4. The automotive sector is expected to be the largest user of gears during the forecast period 2017-2026. The automotive sector is estimated to account for nearly two-third of the revenue share by the end of 2017. The rise in automobile production and sales is driving the growth of the automotive sector, thereby resulting in the increase in gear demand.
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Table of Content:
Chapter 1 Global Gear Demand Market - Executive Summary
Chapter 2 Global Gear Demand Market Overview
Chapter 3 Global Gear Demand Market Analysis and Forecast 2012-2026
Chapter 4 North America Gear Demand Market Size and Forecast, 2012-2026
Chapter 5 Latin America Gear Demand Market Size and Forecast, 2012-2026
Chapter 6 Europe Gear Demand Market Size and Forecast, 2012-2026
Chapter 7 Japan Gear Demand Market Size and Forecast, 2012-2026
Chapter 8 APEJ Gear Demand Market Size and Forecast, 2012-2026
Chapter 9 MEA Gear Demand Market Size and Forecast, 2012-2026
Chapter 10 Global Gear Demand Market Company Share Analysis, Competitive Landscape and Company Profiles
Chapter 11 Disclaimer
Continued….
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods 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.
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