Spur Gear Market
Spur Gear Market By Product Type (External spur gear,Internal spur gear), By Material Types (steel,nylon,aluminum,bronze,phenolic,cast iron), & By Sales Channel-Global Market Insights 2018 to 2028
Analysis of Spur Gear Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Introduction
Spur gears are widely used in a number of machines, ranging from cars to household appliances. As spur gears are widely deployed across various machines, they must be built using easily fabricated, molded, strong and durable materials, such as plastics and metals.
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Growing Lightweight Trend Propelling Manufactures to Adopt Customized Spur Gear Design
Growing trends pertaining to limited emissions and fuel saving have imposed more efficient energy exploitation regulations in various verticals of mechanical engineering. Manufacturers are increasingly adopting lightweight materials to comply with stringent emission-related regulations.
Furthermore, lightweight has become a primary aspect in all applications where the weight plays a crucial role in the overall performance of the system, such as the automotive sector. As geared power transmissions form the integral components in various mechanical systems, they are not excluded from the rapidly growing lightweight trend. The penetration of the lightweight trend in the spur gear market is likely to grow significantly in the near future.
Leading players in the spur gear market are increasingly adopting lightweight strategies that are based on reducing gear thickness. They are also manufacturing holes in the web of the gear to reduce their weight significantly. Growing adoption of advanced technology to build lightweight machine components is anticipated to influence the growth of the spur gear market positively.
Expanding Horizons in Healthcare and Food Sectors
Spur gear is one of the simplest types of gears. It is the most often used gear in the market. Spur gears have straight teeth and are applied to change the force and speed of a rotating axle. They have a very simple structure, and hence, for substantial gear reductions, several spur gears are combined together to design complex machinery.
The demand for spur gear from various industries has soared significantly in the past few years, due to the growth in the industrial sector and rise in urbanization. China is now the largest cement producer in the global scenario, with India at the second position. Various multinational companies are looking towards the Asia Pacific region anticipating increased demand from the construction and the agriculture industry. The steady expansion in the construction industry will enhance the demand for its motor vehicles, in turn increasing the sales of spur gear.
Spur Gears are widely utilized in healthcare applications like surgeries and MRI equipment. Complex machines and equipment in every other sector, including construction, agriculture, healthcare and electronics, all require complex gear, thereby driving the spur gear market.
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Growing Automation in Industries to Drive the Spur Gear Market
There are various materials that can be used for manufacturing of spur gears, namely steel, nylon, aluminum, bronze, phenolic, cast iron, bakelite and plastics. With the growth in spur gear market, mining and construction industries are benefitting highly through spur gear because of its utilization in nearly every machinery. Due to these factors, the spur gear market is anticipated to depict a healthy growth in the near future. There haven’t been many innovations in the technology for spur gear market, because of the basic and universal design of gears which is used across the globe.
The expensive products such as automobiles also deploy spur gear in applications such as engines, transmissions, drive train, etc. Spur gear market for automotive sector is booming globally because of their widespread utilization in nearly every sector. The automotive sector in the developing economies, such as India and China, have beheld a rapid growth accounting for a healthy growth rate for spur gear market. The spur gear market has, therefore, a positive effect because of its penetration in the modern world automotive industry. However, the rise of electric vehicles is emerging as a challenge for the spur gear market due to the less requirement of gearing.
Developing Economies to Continue Dominance
The regional demand for spur gear varies across the globe. However, North America has been widely using the spur gears and other types of gears, and therefore, the region is anticipated to show considerable growth in the forthcoming years. The primary concern in the automotive industry of the U.S. is growing competition among established players and the new entrants. Regarding regions, the spur gear market is classified into seven regions: North America, Latin America, Europe, CIS and Russia, Japan, APEJ and MEA.
Considerable growth in the automotive industry and the robust growth in automation in nearly every sector are the primary factors driving the spur gear market in the Asia Pacific region. The Chinese and the Indian manufacturing sector is exhibiting sturdy growth in the region. The manufacturers have inclined towards automation combined with the use of spur gear for increased efficiency and productivity. Some of the key market players in the spur gear market are
- aton Corporation Plc.
- Bharat Gears Limited
- GKN Plc.
- Showa Corporation
- American Axle & Manufacturing Inc.
- Linamar Corporation
- NSK Limited
- Univance Corporation
- other prominent players.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
- Technology
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Competitive landscape highlights only certain players
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Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Plastic Spur Gears to Showcase Robust Growth in Upcoming Years
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Spur gear market is segmented on the basis of product type, material type, sales channel and region. The product types include:
- External spur gear
- Internal spur gear
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Material types, the spur gear market is classified into:
- Steel
- Nylon
- Aluminum
- Bronze
- Phenolic
- Cast iron
- Bakelite
- Plastics
- Other materials.
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By sales channel, spur gear market can be categorized into two types:
- OEM
- Aftermarket.
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. Material Type
- 6.3. Sales Channel
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. External Spur Gear
- 7.2. Internal Spur Gear
- 8. Global Market Analysis and Forecast, By Material Type
- 8.1. Steel
- 8.2. Nylon
- 8.3. Aluminum
- 8.4. Bronze
- 8.5. Phenolic
- 8.6. Cast Iron
- 8.7. Bakelite
- 8.8. Plastics
- 8.9. Other Materials
- 9. Global Market Analysis and Forecast, By Sales Channel
- 9.1. OEM
- 9.2. Aftermarket
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. Asia Pacific
- 10.6. East Asia
- 10.7. MEA
- 10.8. Latin America
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 19. Sales Forecast by Product Type, Material Type, and Sales Channel for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Aton Corporation Plc.
- 21.2. Bharat Gears Limited
- 21.3. GKN Plc.
- 21.4. Showa Corporation
- 21.5. American Axle & Manufacturing Inc.
- 21.6. Linamar Corporation
- 21.7. NSK Limited
- 21.8. Univance Corporation
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Product Type
Table 03: Global Market US$ Mn Forecast by Material Type
Table 04: Global Market US$ Mn Forecast by Sales Channel
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Product Type
Table 07: North America Market US$ Mn Forecast by Material Type
Table 08: North America Market US$ Mn Forecast by Sales Channel
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by Material Type
Table 12: Latin America Market US$ Mn Forecast by Sales Channel
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by Material Type
Table 16: Western Europe Market US$ Mn Forecast by Sales Channel
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by Material Type
Table 20: Eastern Europe Market US$ Mn Forecast by Sales Channel
Table 21: Asia Pacific Market US$ Mn Forecast by Country
Table 22: Asia Pacific Market US$ Mn Forecast by Product Type
Table 23: Asia Pacific Market US$ Mn Forecast by Material Type
Table 24: Asia Pacific Market US$ Mn Forecast by Sales Channel
Table 25: East Asia Market US$ Mn Forecast by Country
Table 26: East Asia Market US$ Mn Forecast by Product Type
Table 27: East Asia Market US$ Mn Forecast by Material Type
Table 28: East Asia Market US$ Mn Forecast by Sales Channel
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by Material Type
Table 32: MEA Market US$ Mn Forecast by Sales Channel
Table 33: Latin America Market US$ Mn Forecast by Country
Table 34: Latin America Market US$ Mn Forecast by Product Type
Table 35: Latin America Market US$ Mn Forecast by Material Type
Table 36: Latin America Market US$ Mn Forecast by Sales Channel
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 23: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 24: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 33: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 34: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 35: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Sales Channel
Figure 36: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current valuation of the spur gear market?
The global spur gear market currently stands at US$ 29.3 billion.
At what CAGR is the spur gear market likely to progress?
The spur gear industry is anticipated to expand at a CAGR of 5.9% through 2028.
Which drivers are propelling the growth of the market for spur gear?
Rising need for limited emissions has led to regulations to stimulate the adoption of lightweight materials, which is further predicted to bolster the demand for spur gear.
Spur Gear Market