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Bevel Gear Market Report: Trends, Forecast and Competitive Analysis to 2030

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    • Spiral Bevel Gears
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  • Eaton
  • Emerson Electric
  • GKN
  • Gleason
  • KHK Gear
  • Klingelnberg
  • Neugart
  • Oerlikon Graziano
  • Sumitomo Heavy Industries
LSH 23.12.07

Bevel Gear Trends and Forecast

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.

A more than 150-page report is developed to help in your business decisions.

Bevel Gear by Segment

The study includes a forecast for the global bevel gear by type, application, and region.

Bevel Gear Market by Type [Shipment Analysis by Value from 2018 to 2030]:

  • Straight Bevel Gears
  • Spiral Bevel Gears
  • Zerol Bevel Gearss
  • Hypoid Bevel Gears

Bevel Gear Market by Application [Shipment Analysis by Value from 2018 to 2030]:

  • Construction Machinery
  • Automotive Machinery

Bevel Gear Market by Region [Shipment Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Bevel Gear Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bevel gear companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bevel gear companies profiled in this report include-

  • Eaton
  • Emerson Electric
  • GKN
  • Gleason
  • KHK Gear
  • Klingelnberg
  • Neugart
  • Oerlikon Graziano
  • Sumitomo Heavy Industries

Bevel Gear Market Insights

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.

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.

Features of the Global Bevel Gear Market

Market Size Estimates: Bevel Gear Market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Bevel Gear Market size by type, application, and region in terms of value ($B).

Regional Analysis: Bevel Gear Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the bevel gear market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bevel gear market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the bevel gear market size?

Answer: The global bevel gear market is expected to reach an estimated $3.2 billion by 2030.

Q.2 What is the growth forecast for bevel gear market?

Answer: The global bevel gear market is expected to grow with a CAGR of 3.4% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the bevel gear market?

Answer: 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.

Q4. What are the major segments for bevel gear market?

Answer: The future of the global bevel gear market looks promising with opportunities in the construction machinery and automotive machinery markets.

Q5. Who are the key Bevel Gear Market companies?

Answer: Some of the key bevel gear companies are as follows:

  • Eaton
  • Emerson Electric
  • GKN
  • Gleason
  • KHK Gear
  • Klingelnberg
  • Neugart
  • Oerlikon Graziano
  • Sumitomo Heavy Industries

Q6. Which bevel gear market segment will be the largest in future?

Answer: 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.

Q7. In bevel gear market, which region is expected to be the largest in next 5 years?

Answer: 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.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

  • 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?

Table of Contents

1. Executive Summary

2. Global Bevel Gear Market : Market Dynamics

  • 2.1: Introduction, Background, and Classifications
  • 2.2: Supply Chain
  • 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

  • 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
  • 3.2. Global Bevel Gear Market Trends (2018-2023) and Forecast (2024-2030)
  • 3.3: Global Bevel Gear Market by Type
    • 3.3.1: Straight Bevel Gears
    • 3.3.2: Spiral Bevel Gears
    • 3.3.3: Zerol Bevel Gears
    • 3.3.4: Hypoid Bevel Gears
  • 3.4: Global Bevel Gear Market by Application
    • 3.4.1: Construction Machinery
    • 3.4.2: Automotive Machinery

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

  • 4.1: Global Bevel Gear Market by Region
  • 4.2: North American Bevel Gear Market
    • 4.2.2: North American Bevel Gear Market by Application: Construction Machinery and Automotive Machinery
  • 4.3: European Bevel Gear Market
    • 4.3.1: European Bevel Gear Market by Type: Straight Bevel Gears, Spiral Bevel Gear, Zerol Bevel Gears, and Hypoid Bevel Gears
    • 4.3.2: European Bevel Gear Market by Application: Construction Machinery and Automotive Machinery
  • 4.4: APAC Bevel Gear Market
    • 4.4.1: APAC Bevel Gear Market by Type: Straight Bevel Gears, Spiral Bevel Gear, Zerol Bevel Gears, and Hypoid Bevel Gears
    • 4.4.2: APAC Bevel Gear Market by Application: Construction Machinery and Automotive Machinery
  • 4.5: ROW Bevel Gear Market
    • 4.5.1: ROW Bevel Gear Market by Type: Straight Bevel Gears, Spiral Bevel Gear, Zerol Bevel Gears, and Hypoid Bevel Gears
    • 4.5.2: ROW Bevel Gear Market by Application: Construction Machinery and Automotive Machinery

5. Competitor Analysis

  • 5.1: Product Portfolio Analysis
  • 5.2: Operational Integration
  • 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

  • 6.1: Growth Opportunity Analysis
    • 6.1.1: Growth Opportunities for the Global Bevel Gear Market by Type
    • 6.1.2: Growth Opportunities for the Global Bevel Gear Market by Application
    • 6.1.3: Growth Opportunities for the Global Bevel Gear Market by Region
  • 6.2: Emerging Trends in the Global Bevel Gear Market
  • 6.3: Strategic Analysis
    • 6.3.1: New Product Development
    • 6.3.2: Capacity Expansion of the Global Bevel Gear Market
    • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Bevel Gear Market
    • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • 7.1: Eaton
  • 7.2: Emerson Electric
  • 7.3: GKN
  • 7.4: Gleason
  • 7.5: KHK Gear
  • 7.6: Klingelnberg
  • 7.7: Neugart
  • 7.8: Oerlikon Graziano
  • 7.9: Sumitomo Heavy Industries
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