Astute Analytica recently published a new research report titled Global Industrial Gears Market. This includes in-depth information on new trends, market factors, business prospects, and obstacles that could alter the market dynamics of the sector. It offers a thorough overview of the market segments, including information on goods, applications, and competitors.
The Industrial Gears Market was valued at US$ 204 Billion in 2021 and is expected to exceed US$ 273 Billion by 2030, registering a CAGR of 3.2% over the forecast period.
With strategic analysis, micro and macro market trends and scenarios, price analysis, and a comprehensive description of the market conditions in the forecast period, the global Industrial Gears Market research report keeps a close eye on the major competitors.
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The report’s key and secondary drivers, market share, top segments, and regional analysis are all highlighted in this expertly written-and comprehensive document. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practices.
Leading Companies
The global industrial gears market is of highly competitive nature as the seven leading players collectively accounted for nearly 49.0% of the market. Leading players are aggressively focusing on market expansion strategies to strengthen their positions in the marketplace.
Some of the key players operating in the market are Ford Motor Company, Honda Motor, ZF Friedrichshafen, Toyota Industries Corporation, Aisin Seiki, General Motors, and Volkswagen. Other players contributing in the market are Aero Gear Inc., Precipart Corporation, Hota Industrial Manufacturing Co. Ltd, Cleveland Gear Company, Eaton, Philadelphia Gear, ITAMCO, Riley Gear Corporation, Atlas Gear Company, David Brown Santasalo, Martin Sprocket & Gear, Inc., Jackson Gear Company, OKUBO GEAR Co. Ltd, Omni G&M Corporation, Gear Motions, and Caterpillar Inc.
The development work being done in the market sector for Industrial Gears Market, the remaining suppliers and dealers, regional import and export surveys, and regional import and export surveys are all covered in this area. The remaining data was gathered through surveys, public announcements, news articles, premium white newspapers, and interviews with all Cleeve officials.
Segmentation Overview
The global industrial gears market is segmented based on Product Type, Application, Distribution Channel, and Region.
By Product:
- Spur Gear
- Planetary Gear
- Helical Gear
- Rack and Pinion Gear
- Worm Gear
- Bevel Gear
- Others
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By Application:
- Automotive
- Aviation
- Agricultural Machinery
- Construction Machinery
- Material Handling
- Mining Equipment
- Oilfield Equipment
- Power Plants
- Pulp and Paper
- Steel and Manufacturing
- Others
By Distribution Channel:
- OEMs
- Aftermarket
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Italy
- Spain
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
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