The future of the global bevel gear market looks promising with opportunities in the construction machinery and automotive machinery markets. The global bevel gear market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are increasing need for aircraft particularly in developing countries, rising utilization of machinery and automation across diverse industries, as well as increasing favorability of hybrid and electric automobiles.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the bevel gear market by type
(straight bevel gears, spiral bevel gear, zerol bevel gears, and hypoid bevel
gears), application (construction machinery and automotive machinery), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, straight
bevel gear, spiral bevel gear, zerol bevel gear, and hypoid bevel gear are the
major segments of bevel gear market by type. Lucintel forecasts that straight
bevel gear will remain the largest segment over the forecast period because
these gear offer some cushioning to minimize noise and vibration, can be
manufactured with single, double, or triple-cut tooth profiles, as well as,
they are commonly employed in geared motors.
Within this market,
construction machinery will remain the higher growing segment because of their
capability to transfer power and motion effectively between intersecting shafts
at an angle.
North America will
remain the largest region over the forecast period due to the existence of
various pivotal sectors, including automotive, aerospace, defense, and
industrial machinery, as well as, significant bevel gear producers situated in
the area.
Eaton, Emerson Electric,
GKN, Gleason, KHK Gear, Klingelnberg, Neugart, Oerlikon Graziano, and Sumitomo
Heavy Industries are the major suppliers in the bevel gear market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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