DUBLIN--(BUSINESS WIRE)--The "Metal Gear Component - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Metal Gear Component market 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 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 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 a significant rate during the forecast period, owing to increase in per capita income coupled with various automakers slashing vehicle prices to overcome economic losses, the 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.
What the 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
Key Topics Covered:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
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
5.1 Introduction
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
6.1 Introduction
6.2 Aluminum
6.3 Powdered Metals
6.4 Brass
6.5 Steel
6.6 Iron
7 Global Metal Gear Component Market, By End User
7.1 Introduction
7.2 Marine
7.3 Power Generation
7.4 Automotive
7.4.1 Differential System
7.4.2 Transmission System
7.4.3 Steering System
7.5 Wind Power
7.6 Construction
7.7 Chemicals, Rubber & Plastics
7.8 Material Handling
7.8.1 Automatic Guided Vehicles (AGVs)
7.8.2 Forklift
7.9 Food & Beverages
7.10 Cement & Aggregates
7.11 Metals & Mining
8 Global Metal Gear Component Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
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
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Dupont
10.2 Dynamatic Technologies Ltd
10.3 RENOLD
10.4 Robert Bosch GmbH
10.5 ZF
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
10.17 Eaton
10.18 Franz Morat Group
10.19 Cone Drive Operations Inc.
10.20 Kohara Gear Industry Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/mjywsy