세계의 기어 드라이브 및 스피드 체인저 시장 평가 : 유형(스퍼 기어, 베벨 기어, 웜 기어, 헬리컬 기어, 기타), 최종 사용자(자동차, 산업, 기타)

Global gear drives and speed changers market is projected to witness a CAGR of 5.38% during the forecast period 2025-2032, growing from USD 165.85 billion in 2024 to USD 252.22 billion in 2032.

The gear drives and speed changers market is transforming significantly, driven by technological advancements and the increasing demands through various industries. Future developments include the implementation of smart sensors for monitoring in real-time, enhancing predictive maintenance and operational efficiency across industries. Material science advancements are also driven by the development of lighter, stronger gears with improved performance but reduced energy consumption. This trend toward miniaturization results in compact gear systems delivering high power in smaller packages to respond to the growing demand for space-efficient solutions in automotive and industrial applications. In addition, automation and Industry 4.0 growth drive manufacturers toward advanced gear technologies supporting connectivity and automation in production processes.

The e-drive systems greatly impact the gear drives and speed changers. These new systems enhance efficiency, precision, and sustainability as electric motors are used instead of the old mechanical or hydraulic drives. Energy loss is lesser in them, along with lower operational costs, but control capabilities allow for precise torque and speed adjustments, leading to improved manufacturing quality. The integration of e-drives with renewable energy sources meets global sustainability goals and, therefore, drives further adoption in other industries. Technology has led to its integration in all kinds of vehicles, including bikes.

For instance, in June 2023, Pinion GmbH launched a new E-drive system. The Pinion MGU is the next generation of e-bike technology, as it combines motor and gearshift into one unit. It combines a powerful electric motor with proven Pinion gearbox technology and an electric shifting of up to 12 gears in a compact package to create a new drive system for e-bikes.

Expanding Automotive, Automation, and Wide Industrial Applications to Fuel Market Growth

Gears, drives, and speed changers primarily fall under the automotive sector because of their high growth. As international automotive production increases, more gear technologies are required to keep the vehicle running. Thus, the recently developed seven and eight speeds would be in high demand along with gearboxes and automatic transmission types of gear technologies. The rebound of the automotive industry post-pandemic has led to a surge in demand for both passenger and commercial vehicles, further propelling market growth.

The shift toward automated manufacturing processes is another major growth driver. Industry 4.0 emphasizes smart manufacturing technologies with real-time data and automation systems, demanding advanced gear technologies. This has led to manufacturers investing in high-performance gear systems to improve operational efficiency and precision. With more industries taking up more automated solutions to achieve productivity improvements, the demand for rugged and efficient gear systems is likely to rise.

For instance, in January 2024, Baart Industrial Group launched its new product line, including the Vortex VMRV series of worm gear speed reducers. These speed reducers are suitable for a variety of industrial applications, such as food processing, packaging, conveying, and automation. They provide low noise, extended service life, and small size. The modular design of the VMRV series makes maintenance and installation simple.

Renewable Energy Sector and Technological Advancements to Fuel Market Growth

The increasing prominence of renewable energy sources, especially solar and wind energy, is putting pressure on the demand for gears and speed changers. These technologies are critical in wind turbine applications that require precision and reliability in the energy conversion processes. With the continued investment in renewable energy infrastructure worldwide, there will be a corresponding rise in the demand for specific gear technologies that can withstand diverse environmental conditions, hence contributing to the market's growth.

Continuous innovations in gear technology are driving market expansion. New materials, such as high-strength alloys and composites, enhance the durability and performance of gears and speed changers. Furthermore, innovations such as traction drives and electric gears are also entering the market, thereby offering improved efficiency and performance characteristics. Manufacturers are focused on product development to meet evolving technological challenges while maintaining cost-effectiveness.

For instance, in January 2022, KHK USA Inc. announced an extensive line of premium metric worm gears. The wide variety of worm gears offered by KHK is ideal for a wide range of applications where a significant speed reduction in a small area is needed. They are also incredibly silent and offer smooth power transmission. Numerous modules, tooth counts, and reduction ratios are available for KHK worm gear pairs. Worms can be made of cast iron, stainless steel, structural carbon steel (S45C, etc.), and structural alloy steel (SCM415, etc.).

Widespread Applications and Efficiency to Accelerate Spur Gears Segment

On the basis of type, spur gear is expected to hold a decent share of the market as spur gears are commonly used in various automotive components, including transmissions and differentials. The global spur gear market demand is expected to rise as they offer efficient power transmission with minimal energy loss, which is essential for enhancing fuel efficiency and overall vehicle performance. The design of spur gear allows for easier manufacturing and integration into various systems, making them a preferred choice for many applications, driving the demand for spur gears in the global gear drives and speed changers market.

Spur gears can be easily customized to meet specific requirements which enable manufacturers to optimize designs for different vehicle types, including electric and hybrid models. As global vehicle production continues to rise, the demand for spur gear increases correspondingly, further solidifying their leading position in the market.

For instance, in September 2024, Jinjiang Xurifeng Engineering Machinery Co., Ltd. launched new helical and spur gears. These gears' helical teeth are oriented to create a helix, providing a progressive engagement that reduces vibration and noise. Because of this, helical gears are perfect for high-speed applications where smooth operation and noise reduction are crucial.

Asia-Pacific Lead in the Gear Drives and Speed Changers Market

Key drivers of the gears, drives, and speed changers market in the Asia-Pacific are rapid urbanization and economic growth in countries such as China, India, and Japan. Increasing vehicle ownership and demand for both passenger and commercial vehicles are boosted by such factors. In this, the growing middle class with increasing disposable incomes is significant.

In addition, there has been a marked trend towards the utilization of automatic transmissions in the area, with rising traffic congestion and a desire for drivers to experience a more convenient way of driving. This reduces the demand for advanced gear systems supporting automatic transmission technologies. Moreover, the stringent government policies on improving fuel efficiency and reducing emissions create an extra incentive for manufacturers to find innovative solutions in transmission designs. Furthermore, the Asia-Pacific automotive market is witnessing a massive investment in different research and development activities that brings about more technological developments of gear systems. These facts position Asia-Pacific as the biggest market, but it is also expected to grow faster than others in the gear, drives, and speed changers market, which is probably to continue during the forecast period.

Future Market Scenario (2025 - 2032F)

The significant rise in production of electric vehicles (EVs) is reshaping the gears market, driving requirement for specialized gear systems that improve power transmission efficiency.

Manufacturers are probably to surge the lightweight materials in gear production to enhance fuel efficiency and vehicle performance.

The incorporation of automation technologies is projected to improve the manufacturing processes, leading to more competent and specific gear systems.

The growing requirement for advanced gears is predicted to grow as connected and autonomous vehicles will demand sophisticated systems for optimal performance during the future.

Key Players Landscape and Outlook

A focus on innovation, sustainability, and technological advancement characterizes the strategy landscape in the gear drives and speed changers market. Companies are increasingly investing in research and development to create high-efficiency gear systems that cater to the growing demands of electric vehicles and automation in manufacturing. Emphasis on lightweight materials and advanced manufacturing techniques is also prevalent, aiming to enhance performance while reducing costs. Additionally, partnerships and collaborations are common as firms seek to leverage complementary technologies and expand their market reach. Integrating Industry 4.0 principles, such as IoT and smart manufacturing, reshaping production processes, and driving demand for more sophisticated gear solutions. The players focus on the higher performance of the gearboxes.

For instance, in August 2024, Apex Dynamics Inc. launched sponsorship of the American Magic Racing Team. The company also utilized its serv planetary gearbox, delivering the yacht high-efficiency along with the high torque capability. Between the cyclor and the pump, the planetary gearbox works well, utilizing the cyclor's output to suit the yacht's requirements.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Size and Weight
  • 4.3.2. Torque and Power Requirements
  • 4.3.3. Performance Capability
  • 4.3.4. Environmental Conditions
  • 4.3.5. Customizability
  • 4.3.6. Support and Bearing Requirements

5. Global Gear Drives and Speed Changers Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Spur Gears
    • 5.2.1.2. Bevel Gears
    • 5.2.1.3. Worm Gears
    • 5.2.1.4. Helical Gears
    • 5.2.1.5. Others
  • 5.2.2. By End-use
    • 5.2.2.1. Automotive
    • 5.2.2.2. Industrial
    • 5.2.2.3. Others
  • 5.2.3. By Region
    • 5.2.3.1. North America
    • 5.2.3.2. Europe
    • 5.2.3.3. Asia-Pacific
    • 5.2.3.4. South America
    • 5.2.3.5. Middle East and Africa
  • 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Type
  • 5.3.2. By End-use
  • 5.3.3. By Region

6. North America Gear Drives and Speed Changers Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Type
    • 6.2.1.1. Spur Gears
    • 6.2.1.2. Bevel Gears
    • 6.2.1.3. Worm Gears
    • 6.2.1.4. Helical Gears
    • 6.2.1.5. Others
  • 6.2.2. By End-use
    • 6.2.2.1. Automotive
    • 6.2.2.2. Industrial
    • 6.2.2.3. Others
  • 6.2.3. By Country Share
    • 6.2.3.1. United States
    • 6.2.3.2. Canada
    • 6.2.3.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Gear Drives and Speed Changers Market Outlook, 2018-2032F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
      • 6.3.1.1.2. By Volume
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Type
        • 6.3.1.2.1.1. Spur Gears
        • 6.3.1.2.1.2. Bevel Gears
        • 6.3.1.2.1.3. Worm Gears
        • 6.3.1.2.1.4. Helical Gears
        • 6.3.1.2.1.5. Others
      • 6.3.1.2.2. By End-use
        • 6.3.1.2.2.1. Automotive
        • 6.3.1.2.2.2. Industrial
        • 6.3.1.2.2.3. Others
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Gear Drives and Speed Changers Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Gear Drives and Speed Changers Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Gear Drives and Speed Changers Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Gear Drives and Speed Changers Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

• 17.1. Market Drivers
• 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

• 20.1. Competition Matrix of Top 5 Market Leaders
• 20.2. SWOT Analysis for Top 5 Players
• 20.3. Key Players Landscape for Top 10 Market Players
  • 20.3.1. ABB Ltd.
    • 20.3.1.1. Company Details
    • 20.3.1.2. Key Management Personnel
    • 20.3.1.3. Products and Services
    • 20.3.1.4. Financials (As Reported)
    • 20.3.1.5. Key Market Focus and Geographical Presence
    • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 20.3.2. Siemens AG
  • 20.3.3. AMETEK, Inc
  • 20.3.4. Suddeutsche-Elektromotoren-Werke (SEW)
  • 20.3.5. Apex Dynamics Inc.
  • 20.3.6. Redex USA Inc.
  • 20.3.7. Regal Rexnord Corporation
  • 20.3.8. AmTech OEM
  • 20.3.9. American Axle & Manufacturing Inc.
  • 20.3.10. Altra Industrial Motion Corp.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer