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Metal Gear Component - Global Market Outlook (2019-2027)

Metal Gear Component - Global Market Outlook (2019-2027)

4.1 (20 reviews)
Published: December 2020 ID: SMRC20195
4.1 (20 reviews)
Published: December 2020 ID: SMRC20195

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Metal Gear Component Market is accounted for $159.23 billion in 2019 and is expected to reach $257.65 billion by 2027 growing at a CAGR of 6.2% during the forecast period. Some of the key factors propelling the market growth include advancements in material engineering and onset of additive manufacturing, high corrosion resistance, high tensile strength, and abrasion resistance, owing to enhanced hardness attribute to longer life of metal gears, and growing demand from automotive sector. However, disruptions in supply chain catering to the automobile industry act as the restraint for the market growth.

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Metal gears are used across a host of machinery deployed across an array of industrial domains, including wind power, material handling, metal & mining, food & beverages, and material handling. Metal gear components are increasingly being used to manufacture gears that are widely used in watches, furnaces, automotive equipment, motors, etc. In the current scenario, advancements in manufacturing techniques and availability of different alloys, metal alloys have emerged as one of the most common material used to produce metal gear components.

By end user, the automotive industry is anticipated to grow at the significant rate during the forecast period, owing to increase in per capita income coupled with various automakers slashing vehicle prices to overcome economic losses, growing demand for improvement in vehicle efficiency and emission reductions, and rise in demand for high performance and fuel-efficient vehicles.

On the basis of geography, Asia Pacific is expected to have considerable market growth during the forecast period, due to rise in production and sale of various consumer goods, increase in import and export of commodities, owing to flexible government policies, and increase in production of vehicles in China, India, Indonesia, and Japan. Furthermore, increased demand for electric vehicles across Asia Pacific is anticipated to boost the automotive industry and consequently, propel the metal gear component market in the region.

Some of the key players in Metal Gear Component Market include Dupont, Dynamatic Technologies Ltd, RENOLD, Robert Bosch GmbH, ZF, GKN PLC, IMS Gear GmbH, Amtek International, B & R Machine and Gear Corporation, Univance Corporation, Universal Auto Gears LLP, American Axle & Manufacturing, Inc., Showa Corporation, Taiwan United Gear Co., Ltd, Bharat Gears Ltd., Circle Gears & Machine Corporation, Eaton, Franz Morat Group, Cone Drive Operations Inc., and Kohara Gear Industry Co., Ltd.

Gear Types Covered:
• Planetary Gears
• Hypoid Gears
• Spur Gears
• Helical Gears
• Worm Gears
• Rack & Pinion Gears
• Bevel Gears

Materials Covered:
• Aluminum
• Powdered Metals
• Brass
• Steel
• Iron

End Users Covered:
• Marine
• Power Generation
• Automotive
• Wind Power
• Construction
• Chemicals, Rubber & Plastics
• Material Handling
• Food & Beverages
• Cement & Aggregates
• Metals & Mining

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain 
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand
o South Korea         
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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