About Gear Manufacturing
A gear is a rotating machine that enables the transmission of torque through meshing of cut teeth or cogs with another toothed part or rack. The ttransmission occurs by synchronous working of two or more gears using mechanical force to achieve the desired output and thus act as a simple machine. Gears are transmission devices that require human effort for operation, and are made of various raw materials such as steel, brass, cast iron, stainless steel, brass, aluminum alloys, and bronze.
TechNavio's analysts forecast the Global Gear Manufacturing Market to grow at a CAGR of 5.33 percent over the period 2014-2019.
Covered in this Report
The Global Gear Manufacturing Market can be segmented into three product segments: The Worm Gear, The Bevel Gear and The Spur Gear.
TechNavio's report, the Global Gear Manufacturing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas; it also covers the Global Gear Manufacturing Market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Gear Manufacturing Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Gear Manufacturing Market: David Brown Gear Systems Ltd., Emerson Electric Co. and Rotork plc
Other Prominent Vendors in the market are: Bonfiglioli, Curtis Machine, Eaton, FLSmidth MAAG Gear, Haley Marine Gears and ZF Friedrichshafen.
Commenting on the report, an analyst from Technavio’s team said: “A major trend emerging in this market is the increased demand for spur gears in industries such as agriculture, aerospace, mining, pulp and paper, automotive, textile, and industrial engineering. Many manufacturers offer customized, industry-specific gears to meet the specific needs of end-users. They offer various types of gears in different sizes, shapes, designs, and speed ratios according to the specific requirements of industrial applications.”
According to the report, one of the key drivers of this market is the increased demand for gears in the Oil and Gas industry, leading to the establishment of new production plants, which require the installation of gears to carry out oil and gas extraction processes.
Further, the report states that the high risk of accidents is a major challenge faced by the market. Gears are operated by individuals across several industries, and the need for continuous monitoring and maintenance to avoid any failure is high. However, lack of training with regard to the operation of gears leads to many mishaps and life-threatening accidents.
David Brown Gear Systems Ltd., Emerson Electric Co., Rotork plc , Bonfiglioli Grou, Curtis Machine Company, Eaton , FLSmidth MAAG Gear , Haley Marine Gears , ZF Friedrichshafen
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