Metal Gear Component - Global Market Outlook (2019-2027)
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.
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
• Powdered Metals
End Users Covered:
• Power Generation
• Wind Power
• Chemicals, Rubber & Plastics
• Material Handling
• Food & Beverages
• Cement & Aggregates
• Metals & Mining
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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
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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
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Metal Gear Component Market, By Gear Type
5.2 Planetary Gears
5.3 Hypoid Gears
5.4 Spur Gears
5.5 Helical Gears
5.6 Worm Gears
5.7 Rack & Pinion Gears
5.8 Bevel Gears
6 Global Metal Gear Component Market, By Material
6.3 Powdered Metals
7 Global Metal Gear Component Market, By End User
7.3 Power Generation
7.4.1 Differential System
7.4.2 Transmission System
7.4.3 Steering System
7.5 Wind Power
7.7 Chemicals, Rubber & Plastics
7.8 Material Handling
7.8.1 Automatic Guided Vehicles (AGVs)
7.9 Food & Beverages
7.10 Cement & Aggregates
7.11 Metals & Mining
8 Global Metal Gear Component Market, By Geography
8.2 North America
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.5 Other Key Strategies
10 Company Profiling
10.2 Dynamatic Technologies Ltd
10.4 Robert Bosch GmbH
10.6 GKN PLC
10.7 IMS Gear GmbH
10.8 Amtek International
10.9 B & R Machine and Gear Corporation
10.10 Univance Corporation
10.11 Universal Auto Gears LLP
10.12 American Axle & Manufacturing, Inc.
10.13 Showa Corporation
10.14 Taiwan United Gear Co., Ltd
10.15 Bharat Gears Ltd.
10.16 Circle Gears & Machine Corporation
10.18 Franz Morat Group
10.19 Cone Drive Operations Inc.
10.20 Kohara Gear Industry Co., Ltd.
List of Tables
1 Global Metal Gear Component Market Outlook, By Region (2018-2027) ($MN)
2 Global Metal Gear Component Market Outlook, By Gear Type (2018-2027) ($MN)
3 Global Metal Gear Component Market Outlook, By Planetary Gears (2018-2027) ($MN)
4 Global Metal Gear Component Market Outlook, By Hypoid Gears (2018-2027) ($MN)
5 Global Metal Gear Component Market Outlook, By Spur Gears (2018-2027) ($MN)
6 Global Metal Gear Component Market Outlook, By Helical Gears (2018-2027) ($MN)
7 Global Metal Gear Component Market Outlook, By Worm Gears (2018-2027) ($MN)
8 Global Metal Gear Component Market Outlook, By Rack & Pinion Gears (2018-2027) ($MN)
9 Global Metal Gear Component Market Outlook, By Bevel Gears (2018-2027) ($MN)
10 Global Metal Gear Component Market Outlook, By Material (2018-2027) ($MN)
11 Global Metal Gear Component Market Outlook, By Aluminum (2018-2027) ($MN)
12 Global Metal Gear Component Market Outlook, By Powdered Metals (2018-2027) ($MN)
13 Global Metal Gear Component Market Outlook, By Brass (2018-2027) ($MN)
14 Global Metal Gear Component Market Outlook, By Steel (2018-2027) ($MN)
15 Global Metal Gear Component Market Outlook, By Iron (2018-2027) ($MN)
16 Global Metal Gear Component Market Outlook, By End User (2018-2027) ($MN)
17 Global Metal Gear Component Market Outlook, By Marine (2018-2027) ($MN)
18 Global Metal Gear Component Market Outlook, By Power Generation (2018-2027) ($MN)
19 Global Metal Gear Component Market Outlook, By Automotive (2018-2027) ($MN)
20 Global Metal Gear Component Market Outlook, By Differential System (2018-2027) ($MN)
21 Global Metal Gear Component Market Outlook, By Transmission System (2018-2027) ($MN)
22 Global Metal Gear Component Market Outlook, By Steering System (2018-2027) ($MN)
23 Global Metal Gear Component Market Outlook, By Wind Power (2018-2027) ($MN)
24 Global Metal Gear Component Market Outlook, By Construction (2018-2027) ($MN)
25 Global Metal Gear Component Market Outlook, By Chemicals, Rubber & Plastics (2018-2027) ($MN)
26 Global Metal Gear Component Market Outlook, By Material Handling (2018-2027) ($MN)
27 Global Metal Gear Component Market Outlook, By Automatic Guided Vehicles (AGVs) (2018-2027) ($MN)
28 Global Metal Gear Component Market Outlook, By Forklift (2018-2027) ($MN)
29 Global Metal Gear Component Market Outlook, By Food & Beverages (2018-2027) ($MN)
30 Global Metal Gear Component Market Outlook, By Cement & Aggregates (2018-2027) ($MN)
31 Global Metal Gear Component Market Outlook, By Metals & Mining (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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