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Gears, Drives and Speed Changers - Global Market Trajectory & Analytics

  • ID: 338745
  • Report
  • July 2020
  • Region: Global
  • 439 Pages
  • Global Industry Analysts, Inc
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Global Gears, Drives and Speed Changers Market to Reach US$199.1 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Gears, Drives and Speed Changers estimated at US$153.7 Billion in the year 2020, is projected to reach a revised size of US$199.1 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027.Automotive, one of the segments analyzed in the report, is projected to grow at a 3.7% CAGR to reach US$150.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial segment is readjusted to a revised 4% CAGR for the next 7-year period. This segment currently accounts for a 15.9% share of the global Gears, Drives and Speed Changers market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.8% CAGR for the Period of 2020-2027

The Gears, Drives and Speed Changers market in the U. S. is estimated at US$41.5 Billion in the year 2020. The country currently accounts for a 26.98% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$42.1 Billion in the year 2027 trailing a CAGR of 6.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR while Rest of European market (as defined in the study) will reach US$42.1 Billion by the year 2027.

Other End-Uses Segment Corners a 8% Share in 2020

In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.3 Billion in the year 2020 will reach a projected size of US$12 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$28.1 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period. The publisher brings years of research experience to this 17th edition of our report. The 439-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • ABB Ltd.
  • Bharat Gears Ltd.
  • Bonfiglioli Riduttori S. P.A.
  • BorgWarner, Inc.
  • Bosch Rexroth AG
  • Cone Drive
  • Curtis Machine Company, Inc.
  • Danfoss Group
  • David Brown Santasalo
  • Eaton Corporation Plc
  • Emerson Electric Co.,
  • FLSmidth MAAG Gear
  • Horsburgh & Scott
  • Hub City, Inc.
  • Kanzaki Kokyukoki Manufacturing Co. Ltd.
  • Marine Gears, Inc.
  • Oerlikon Graziano
  • Rexnord Corp.
  • Schneider Electric
  • SEW Eurodrive
  • Siemens AG
  • Sumitomo Drive Technologies
  • Twin Disc, Inc.
  • ZF Friedrichshafen AG

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

An Introductory Prelude

Automotive Industry – A Bellwether ofMarket Prospects

Developing Countries Continue to be Growth Engines

Market Outlook

Recent Market Activity

Recovery in Global GDP Promises Stronger Growthfor Gears, Drives & Speed Changers Industry

Acceleration in Global PMI Benefits Market Growth

Improving US Economy Augurs Well for the Market

Cyclical Upturn Encourages Positive ManufacturingOutlook in Asia-Pacific

Off-Shoring of Manufacturing Activity Boosts Demandin Developing Countries

Global Competitor Market Shares

Gears, Drives and Speed Changers Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

ABB Ltd. (Switzerland)

Bharat Gears Ltd. (India)

Bonfiglioli Riduttori S.P.A. (Italy)

BorgWarner, Inc. (USA)

Bosch Rexroth AG (Germany)

Cone Drive (USA)

Curtis Machine Company, Inc. (USA)

Danfoss Group (Denmark)

David Brown Santasalo (UK)

Eaton Corporation Plc (Ireland)

Emerson Electric Co. (USA)

FLSmidth MAAG Gear (Switzerland)

Horsburgh & Scott (USA)

Hub City, Inc. (USA)

Kanzaki Kokyukoki Manufacturing Co. Ltd. (Japan)

Marine Gears, Inc. (USA)

Oerlikon Graziano (Italy)

Rexnord Corp. (USA)

Schneider Electric (France)

SEW Eurodrive (Germany)

Siemens AG (Germany)

Sumitomo Drive Technologies (USA)

Twin Disc, Inc. (USA)

ZF Friedrichshafen AG (Germany)

3. MARKET TRENDS & DRIVERS

Growth in Automobiles Production SpursMarket Demand

Opportunity Indicators

Gears – Vital Component of Automotive Systems

Key Trends in Automotive Gearbox Market

Growing Popularity of Steer-by-Wire Technology Drives Future Demand for Power Steering Gears

Rising Average Vehicle Life Drive Demand for Aftermarket Gears and Drives

Industrial Gearboxes Market – An Overview

Asia-Pacific Leads the Industrial Gearboxes and Gear Motors Market

Growing Aerospace Sector Augurs Well for Market

Surging Air Traffic to Drive Growth in AircraftLanding Gear Market

Landing Gears Market for Commercial AircraftsWitness Surge Due to Growing PassengerNumbers

Heavy Industrial Equipment/Machinery ManufacturingIndustry Promises Bright Prospects

Need for High Quality Gears for UninterruptedProduction Process Driving Gears Demand

Stable Outlook for Oil & Gas Bodes Wellfor Hydraulic Drilling Equipment

Steady Growth in Global Power Generation ActivitySpurs Demand

Growing Focus on Exploiting Wind Energy SpursGrowth in Wind Turbine Gear Market

Gears Used in Nuclear Power Plants to WitnessGrowth

Robust Demand for Construction Equipment OffersGrowth Opportunities

Growing Demand for Mining Equipment Boosts Growthin Gear & Gearbox Market

Mechanization of Agriculture Spurs Growth

A Segmental Overview

Gears

Drives

Growing Impact of Technology

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Gears, Drives and Speed Changers Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Gears, Drives and Speed Changers Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Gears, Drives and Speed Changers Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Automotive (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 5: Automotive (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 6: Automotive (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Industrial (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 8: Industrial (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 9: Industrial (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Other End-Uses (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 11: Other End-Uses (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
TABLE 12: Other End-Uses (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Gears, Drives and Speed Changers Market Share (in %) by Company: 2020 & 2025

Market Analytics
TABLE 13: United States Gears, Drives and Speed Changers Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 14: Gears, Drives and Speed Changers Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
TABLE 15: Gears, Drives and Speed Changers Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027

CANADA

TABLE 16: Canadian Gears, Drives and Speed Changers Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 17: Gears, Drives and Speed Changers Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 18: Canadian Gears, Drives and Speed Changers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

JAPAN

TABLE 19: Japanese Demand Estimates and Forecasts for Gears, Drives and Speed Changers in US$ Million by End-Use: 2020 to 2027
TABLE 20: Japanese Gears, Drives and Speed Changers Market in US$ Million by End-Use: 2012-2019
TABLE 21: Gears, Drives and Speed Changers Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027

CHINA

TABLE 22: Chinese Demand for Gears, Drives and Speed Changers in US$ Million by End-Use: 2020 to 2027
TABLE 23: Gears, Drives and Speed Changers Market Review in China in US$ Million by End-Use: 2012-2019
TABLE 24: Chinese Gears, Drives and Speed Changers Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Gears, Drives and Speed Changers Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics
TABLE 25: European Gears, Drives and Speed Changers Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 26: Gears, Drives and Speed Changers Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 27: European Gears, Drives and Speed Changers Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: European Gears, Drives and Speed Changers Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 29: Gears, Drives and Speed Changers Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 30: European Gears, Drives and Speed Changers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

FRANCE

TABLE 31: Gears, Drives and Speed Changers Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 32: French Gears, Drives and Speed Changers Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 33: French Gears, Drives and Speed Changers Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

GERMANY

TABLE 34: Gears, Drives and Speed Changers Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 35: German Gears, Drives and Speed Changers Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 36: Gears, Drives and Speed Changers Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027

ITALY

TABLE 37: Italian Demand for Gears, Drives and Speed Changers in US$ Million by End-Use: 2020 to 2027
TABLE 38: Gears, Drives and Speed Changers Market Review in Italy in US$ Million by End-Use: 2012-2019
TABLE 39: Italian Gears, Drives and Speed Changers Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 40: United Kingdom Demand Estimates and Forecasts for Gears, Drives and Speed Changers in US$ Million by End-Use: 2020 to 2027
TABLE 41: United Kingdom Gears, Drives and Speed Changers Market in US$ Million by End-Use: 2012-2019
TABLE 42: Gears, Drives and Speed Changers Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027

SPAIN

TABLE 43: Spanish Gears, Drives and Speed Changers Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 44: Gears, Drives and Speed Changers Market in Spain: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 45: Spanish Gears, Drives and Speed Changers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

RUSSIA

TABLE 46: Russian Gears, Drives and Speed Changers Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 47: Gears, Drives and Speed Changers Historic Demand Patterns in Russia by End-Use in US$ Million for 2012-2019
TABLE 48: Gears, Drives and Speed Changers Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 49: Rest of Europe Gears, Drives and Speed Changers Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 50: Gears, Drives and Speed Changers Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 51: Rest of Europe Gears, Drives and Speed Changers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 52: Asia-Pacific Gears, Drives and Speed Changers Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 53: Gears, Drives and Speed Changers Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 54: Asia-Pacific Gears, Drives and Speed Changers Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 55: Gears, Drives and Speed Changers Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
TABLE 56: Asia-Pacific Gears, Drives and Speed Changers Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 57: Asia-Pacific Gears, Drives and Speed Changers Market Share Analysis: A 17-Year Perspectiveby End-Use for 2012, 2020, and 2027

AUSTRALIA

TABLE 58: Gears, Drives and Speed Changers Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 59: Australian Gears, Drives and Speed Changers Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 60: Gears, Drives and Speed Changers Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027

INDIA

TABLE 61: Indian Gears, Drives and Speed Changers Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 62: Gears, Drives and Speed Changers Market in India: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 63: Indian Gears, Drives and Speed Changers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

SOUTH KOREA

TABLE 64: Gears, Drives and Speed Changers Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
TABLE 65: South Korean Gears, Drives and Speed Changers Historic Market Analysis in US$ Million by End-Use: 2012-2019
TABLE 66: Gears, Drives and Speed Changers Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 67: Rest of Asia-Pacific Demand Estimates and Forecasts for Gears, Drives and Speed Changers in US$ Million by End-Use: 2020 to 2027
TABLE 68: Rest of Asia-Pacific Gears, Drives and Speed Changers Market in US$ Million by End-Use: 2012-2019
TABLE 69: Gears, Drives and Speed Changers Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 70: Latin American Gears, Drives and Speed Changers Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 71: Gears, Drives and Speed Changers Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 72: Latin American Gears, Drives and Speed Changers Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 73: Latin American Demand for Gears, Drives and Speed Changers in US$ Million by End-Use: 2020 to 2027
TABLE 74: Gears, Drives and Speed Changers Market Review in Latin America in US$ Million by End-Use: 2012-2019
TABLE 75: Latin American Gears, Drives and Speed Changers Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

ARGENTINA

TABLE 76: Argentinean Gears, Drives and Speed Changers Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 77: Gears, Drives and Speed Changers Market in Argentina: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 78: Argentinean Gears, Drives and Speed Changers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

BRAZIL

TABLE 79: Gears, Drives and Speed Changers Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027
TABLE 80: Brazilian Gears, Drives and Speed Changers Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 81: Brazilian Gears, Drives and Speed Changers Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

MEXICO

TABLE 82: Gears, Drives and Speed Changers Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 83: Mexican Gears, Drives and Speed Changers Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 84: Gears, Drives and Speed Changers Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 85: Rest of Latin America Gears, Drives and Speed Changers Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 86: Gears, Drives and Speed Changers Historic Demand Patterns in Rest of Latin America by End-Use in US$ Million for 2012-2019
TABLE 87: Gears, Drives and Speed Changers Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 88: The Middle East Gears, Drives and Speed Changers Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 89: Gears, Drives and Speed Changers Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 90: The Middle East Gears, Drives and Speed Changers Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 91: The Middle East Gears, Drives and Speed Changers Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 92: Gears, Drives and Speed Changers Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 93: The Middle East Gears, Drives and Speed Changers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

IRAN

TABLE 94: Iranian Demand Estimates and Forecasts for Gears, Drives and Speed Changers in US$ Million by End-Use: 2020 to 2027
TABLE 95: Iranian Gears, Drives and Speed Changers Market in US$ Million by End-Use: 2012-2019
TABLE 96: Gears, Drives and Speed Changers Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027

ISRAEL

TABLE 97: Israeli Gears, Drives and Speed Changers Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 98: Gears, Drives and Speed Changers Market in Israel: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 99: Israeli Gears, Drives and Speed Changers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 100: Saudi Arabian Demand for Gears, Drives and Speed Changers in US$ Million by End-Use: 2020 to 2027
TABLE 101: Gears, Drives and Speed Changers Market Review in Saudi Arabia in US$ Million by End-Use: 2012-2019
TABLE 102: Saudi Arabian Gears, Drives and Speed Changers Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED ARAB EMIRATES

TABLE 103: Gears, Drives and Speed Changers Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
TABLE 104: United Arab Emirates Gears, Drives and Speed Changers Historic Market Analysis in US$ Million by End-Use: 2012-2019
TABLE 105: Gears, Drives and Speed Changers Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 106: Gears, Drives and Speed Changers Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 107: Rest of Middle East Gears, Drives and Speed Changers Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 108: Gears, Drives and Speed Changers Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027

AFRICA

TABLE 109: African Gears, Drives and Speed Changers Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 110: Gears, Drives and Speed Changers Historic Demand Patterns in Africa by End-Use in US$ Million for 2012-2019
TABLE 111: Gears, Drives and Speed Changers Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 298

Note: Product cover images may vary from those shown
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