Sprockets - Global Strategic Business Report

Global Sprockets Market to Reach $8.3 Billion by 2030

The global market for Sprockets estimated at US$5 Billion in the year 2022, is projected to reach a revised size of US$8.3 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Standard, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$5.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Customized segment is readjusted to a revised 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 10.1% CAGR

The Sprockets market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Select Competitors (Total 11 Featured) -

• ABL Products
• B&B Manufacturing
• G&G Manufacturing
• Linn gear
• Martin Sprocket & Gea
• Precision Gears
• Ravi Transmission
• Renold
• Tsubaki
• WM Berg
• Zhengzhou Guoyun;

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year