The Global Industrial Gears Market Report 2023, provided by Astute Analytica, offers an extensive analysis of the market’s technical and financial data for both the present and foreseeable future. This report serves as a valuable addition to the market research archive, providing a thorough investigation and analysis of crucial aspects of the global Industrial Gears Market.
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The global 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. It analyses the market’s regional trends, size, expansion prospects, and important factors in each region. Additionally, it acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. Both the direct and indirect effects of the pandemic on related industries are taken into account and discussed in the report.
The report gives a thorough analysis of the Industrial Gears Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
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 GM Corporation, Gear Motions, and Caterpillar Inc.
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global Industrial Gears Market includes
By Product:
- Spur Gear
- Planetary Gear
- Helical Gear
- Rack and Pinion Gear
- Worm Gear
- Bevel Gear
- Others
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
Overall, Astute Analytica’s report on the global Industrial Gears Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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