Worm Gear Demand Industry Insights, Trends and Forecast up to 2031

Market Taxonomy

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

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Competition Tracking

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

Scope

The scope of Fact.MR’s report is to analyze the global gear demand market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Gear demand manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to keyword.

Summary

The report commences with a brief information of the global gear demand market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global gear demand market.

Overview

The next section offers an overview of the global gear demand market. This comprises an introduction to the market, along with a standard definition of the product – keyword. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global gear demand market, the report provides updates about market opportunities, which can benefit leading manufacturers of keyword. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for gear demand manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

5 Forecast Highlights on Global Gear Demand

• 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.
• 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.
• 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.
• 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.
• Metallic gear is expected to gain maximum revenue share. Metallic gear is estimated to create an incremental opportunity of more than US$ 10,000 million between 2017 and 2026. Metal gears usually operate well with better speed and load, hence the demand for metal gear is increasing.