Global Gear Manufacturing Market 2025-2029

Gear Manufacturing Market 2025-2029

The gear manufacturing market is forecasted to grow by USD 137.8 bn during 2024-2029, accelerating at a CAGR of 8.1% during the forecast period. The report on the gear manufacturing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of industrial automation, growing investments in renewable energy, and resurgence of investments in oil and gas sector.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's gear manufacturing market is segmented as below:

By Product

• Worm gear
• Bevel gear
• Others

By End-user

• Oil and gas industry
• Power industry
• Automotive
• Others

By Material

• Steel
• Cast iron
• Polymer
• Bronze
• Composite materials

By Geographical Landscape

• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the use of additive manufacturing in gear and gearing component production as one of the prime reasons driving the gear manufacturing market growth during the next few years. Also, growing repair and remanufacture market for gearboxes used in high-performance applications and integration of sensors and industrial internet of things (IIoT) in gear manufacturing will lead to sizable demand in the market.

The report on the gear manufacturing market covers the following areas:

• Gear Manufacturing Market sizing
• Gear Manufacturing Market forecast
• Gear Manufacturing Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gear manufacturing market vendors that include Bharat Gears Ltd., Bondioli and Pavesi Spa, Bonfiglioli Riduttori Spa, Comer Industries Spa, Curtis Machine Co. Inc., Dana Inc., DB Santasalo Sarl, Eaton Corp. plc, Elecon Engineering Co. Ltd., Emerson Electric Co., FLSmidth and Co. AS, Johnson Electric Holdings Ltd., KLINGELNBERG GmbH, Nord Gear Corp., Regal Rexnord Corp., SEW EURODRIVE GmbH and Co KG, Siemens AG, Sumitomo Heavy Industries Ltd., WEG S.A, and ZF Friedrichshafen AG. Also, the gear manufacturing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more