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. However, consistent developments in material engineering have paved the way for a range of alternative materials for metal gear components.
Market Analysis and Insights: Global Metal Gear Component Market
Due to the COVID-19 pandemic, the global Metal Gear Component market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Steel accounting for % of the Metal Gear Component global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive segment is altered to an % CAGR throughout this forecast period.
North America Metal Gear Component market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Metal Gear Component include American Axle and Manufacturing, Inc., Amtek International, B and R Machine and Gear Corporation, Bharat Gears Ltd., Circle Gears and Machine Corporation, Cone Drive Operations Inc., Dupont, Dynamatic Technologies Ltd and Eaton, etc. In terms of revenue, the global 3 largest players have a % market share of Metal Gear Component in 2021.
Global Metal Gear Component Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
Global Metal Gear Component Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Steel
Brass
Aluminum
Iron
Powdered Metals
Segment by Application
Automotive
Wind Power
Metals and Mining
Construction
Power Generation (excluding Wind Power)
Others
By Company
American Axle and Manufacturing, Inc.
Amtek International
B and R Machine and Gear Corporation
Bharat Gears Ltd.
Circle Gears and Machine Corporation
Cone Drive Operations Inc.
Dupont
Dynamatic Technologies Ltd
Eaton
Franz Morat Group
Gear Motions,
GKN PLC
IMS Gear GmbH
Kohara Gear Industry Co., Ltd.
RENOLD
Robert Bosch GmbH
RSB
SAMGONG GEAR IND. CO., LTD.
Showa Corporation
Univance Corporation
Universal Auto Gears LLP
Varroc Group
ZF
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina