세계의 메탈 기어 구성 요소 시장 예측(-2032년) : 재료별, 기어 유형별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Metal Gear Component Market is accounted for $5.15 billion in 2025 and is expected to reach $8.43 billion by 2032 growing at a CAGR of 7.3% during the forecast period. A Metal Gear Component refers to a precision-engineered part used in mechanical systems to transmit torque and rotational motion between shafts. Typically made of high-strength metals such as steel or alloys, these components include gears, shafts, bearings, and associated hardware designed to ensure efficient power transfer with minimal wear. Metal gear components are critical in automotive, aerospace, industrial machinery, and robotics applications, where durability, accuracy, and reliability are essential. They help maintain speed, torque, and direction of motion while reducing friction and mechanical losses. Advanced manufacturing techniques, like CNC machining and heat treatment, enhance their performance and lifespan.

Market Dynamics:

Driver:

Growth in electric vehicle (EV) production

Lightweight and durable gear assemblies are essential for optimizing energy use and torque delivery. Manufacturers are developing advanced designs to support quiet operation and extended service life. Integration with regenerative systems is expanding gear applications. Global sustainability goals and EV incentives are reinforcing production momentum. These trends are elevating the role of metal gears in electric mobility platforms.

Restraint:

Competition from alternative materials

Non-metallic gears offer benefits in noise control, corrosion resistance, and design adaptability. Hybrid assemblies are being explored to balance performance and cost. Use of alternative materials is growing in low-load systems. Innovation is required to maintain relevance in evolving material ecosystems. These developments are impacting growth in traditional metal gear segments.

Opportunity:

Rising demand in emerging economies

Vehicle ownership and machinery deployment are increasing with urbanization and income growth. Local production and foreign investment are boosting manufacturing capacity. Region-specific gear solutions are being tailored for performance and affordability. Collaborative initiatives are improving technology access and market penetration. These dynamics are supporting long-term expansion in developing markets.

Threat:

High initial investment costs

Advanced machining and finishing processes demand specialized infrastructure. Low-volume flexibility is constrained by cost structures. ROI timelines are extended in fragmented markets. Financial limitations are slowing innovation and capacity growth. These factors are restricting new entrants and scalability.

Covid-19 Impact:

The Covid-19 pandemic significantly disrupted the Metal Gear Component Market, causing delays in production and supply chain interruptions. Manufacturing facilities faced temporary shutdowns, while logistics challenges hindered the timely delivery of raw materials and finished products. Demand from end-use industries, particularly automotive and industrial machinery, declined due to economic uncertainty and reduced consumer spending. Additionally, workforce restrictions and safety protocols affected operational efficiency. However, the pandemic also accelerated digitalization and automation in manufacturing processes, prompting companies to adopt advanced technologies to maintain resilience and continuity.

The steel segment is expected to be the largest during the forecast period

The steel segment is expected to account for the largest market share during the forecast period due to its mechanical strength and cost efficiency. High load tolerance and thermal resilience make it suitable for demanding applications. Precision machining and alloy enhancements are improving performance. Availability and supply chain maturity support widespread use. Manufacturers continue to rely on steel for reliability and scalability. This segment will remain dominant in gear manufacturing.

The aerospace & defense segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the aerospace & defense segment is predicted to witness the highest growth rate due to demand for lightweight and high-precision gear components. Aircraft systems require durable gears for safety and fuel efficiency. Growth in air travel and defense upgrades is driving procurement. Additive manufacturing and advanced materials are enhancing design capabilities. Compliance with stringent standards is reinforcing quality requirements. This segment is set for rapid growth as aerospace gears become more specialized and performance-driven.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to the region's strong automotive and industrial base. Countries like China, Japan, and India are major contributors, driven by increased vehicle production and modernization of manufacturing facilities. Rising investments in robotics, automation, and smart manufacturing are enhancing demand for precision metal gears. Export-oriented production and technological advancements support competitiveness in global markets. Challenges include intense competition among local and international players and price sensitivity. Continuous innovation in gear materials and surface treatments is helping meet performance and durability demands.

Region with highest CAGR:

Over the forecast period, the Middle East & Africa region is anticipated to exhibit the highest CAGR due to rising demand for durable and high-performance metal gears in automotive, aerospace, and heavy machinery sectors is fuelling growth. Local manufacturers are investing in advanced machining and precision technologies to meet regional requirements. Government initiatives promoting industrial expansion and infrastructure development are also supporting market growth. However, supply chain disruptions and fluctuating raw material costs pose challenges. Adoption of lightweight and corrosion-resistant gear materials is gaining traction.

Key players in the market

Some of the key players in Metal Gear Component Market include American Axle & Manufacturing, Inc., Amtek International, Bharat Gears Ltd., Cone Drive Operations, Inc., Circle Gears and Machine Corporation, Dynamatic Technologies Ltd., Eaton Corporation, Franz Morat Group, Gear Motions Inc., GKN plc, IMS Gear GmbH, Kohara Gear Industry Co., Ltd., Renold plc, Robert Bosch GmbH and Showa Corporation.

Key Developments:

In August 2025, Amtek reaffirmed its strategy of deepening long-term supply agreements with major OEMs across Europe and India. These partnerships focus on co-developing forged and machined gear components for ICE and hybrid platforms, enhancing Amtek's Tier 1 positioning in driveline assemblies.

In June 2025, Bharat Gears expanded its product portfolio with high-precision hypoid gear sets and differential gear assemblies tailored for EV platforms. These launches support lightweight, high-efficiency drivetrains and align with Bharat Gears' push into electrified mobility segments.

In January 2025, AAM announced a strategic combination with Dowlais Group plc, parent of GKN Automotive and GKN Powder Metallurgy, to form a global leader in driveline and metal forming technologies. The partnership enhances AAM's gear component capabilities across ICE, hybrid, and EV platforms with expanded geographic reach.

Materials Covered:

• Steel
• Brass
• Iron
• Aluminum
• Powdered Metals
• Other Materials

Gear Types Covered:

• Spur Gears
• Helical Gears
• Bevel Gears
• Rack & Pinion Gears
• Worm Gears
• Planetary Gears
• Hypoid Gears
• Other Gear Types

End Users Covered:

• Automotive
• Aerospace & Defense
• Industrial Machinery
• Food & Beverages
• Energy & Power
• Construction & Mining
• Chemicals
• Marine
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Metal Gear Component Market, By Material

• 5.1 Introduction
• 5.2 Steel
• 5.3 Brass
• 5.4 Iron
• 5.5 Aluminum
• 5.6 Powdered Metals
• 5.7 Other Materials

6 Global Metal Gear Component Market, By Gear Type

• 6.1 Introduction
• 6.2 Spur Gears
• 6.3 Helical Gears
• 6.4 Bevel Gears
• 6.5 Rack & Pinion Gears
• 6.6 Worm Gears
• 6.7 Planetary Gears
• 6.8 Hypoid Gears
• 6.9 Other Gear Types

7 Global Metal Gear Component Market, By End User

• 7.1 Introduction
• 7.2 Automotive
• 7.3 Aerospace & Defense
• 7.4 Industrial Machinery
• 7.5 Food & Beverages
• 7.6 Energy & Power
• 7.7 Construction & Mining
• 7.8 Chemicals
• 7.9 Marine
• 7.10 Other End Users

8 Global Metal Gear Component Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 American Axle & Manufacturing, Inc.
• 10.2 Amtek International
• 10.3 Bharat Gears Ltd.
• 10.4 Cone Drive Operations, Inc.
• 10.5 Circle Gears and Machine Corporation
• 10.6 Dynamatic Technologies Ltd.
• 10.7 Eaton Corporation
• 10.8 Franz Morat Group
• 10.9 Gear Motions Inc.
• 10.10 GKN plc
• 10.11 IMS Gear GmbH
• 10.12 Kohara Gear Industry Co., Ltd.
• 10.13 Renold plc
• 10.14 Robert Bosch GmbH
• 10.15 Showa Corporation