Industrial Gears Market Report 2025 (Global Edition)

Global Industrial Gears Market Report 2025 Market Size Split by Type (Planetary, Helical, Bevel, Spur, Worm, Other), by Design (Parallel axis, Angular axis, Others), by Application (Wind Power, Cement...

Industrial Gears Market Report Description

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Industrial Gears Market Insights Video

Competitive Landscape of the Industrial Gears Market

In the Industrial Gears market's competitive landscape, numerous key competitors are driving innovation and growth. Companies are investing heavily in research and development to create advanced gear systems that enhance efficiency, durability, and performance. This includes the use of smart technologies and IoT integration to improve the monitoring and control of gear systems. Companies are focusing on differentiating their products through advanced features, superior quality, and tailored solutions. Offering unique value propositions can help companies stand out in the competitive landscape.

In January 2023, Airbus Helicopters revealed its acquisition of a key gearbox and component supplier for the H145 and H135 programs to enhance its transmission production and overhaul capabilities. As part of this agreement, Airbus acquired ZF Luftfahrttechnik from ZF Friedrichshafen for an undisclosed sum. (Source: https://www.airbus.com/en/newsroom/press-releases/2023-01-airbus-helicopters-finalises-acquisition-of-zf-luftfahrttechnik )

Top Companies Market Share in Industrial Gears Industry: (In no particular order of Rank)

• ABB Ltd
• Siemens AG
• Martin Sprocket & Gear
• Inc.
• Hota Industrial Manufacturing Co.
• Ltd.
• OKUBO GEAR Co.
• Ltd.
• Bharat Gears Ltd.
• Elecon Engineering Company Limited
• Precipart Corporation
• Kohara Gear Industry Co.
• Ltd.
• Aero Gear Incorporated
• Shanthi Gears Limited
• Ashoka Machine Tools Corporation
• Cleveland Gear Company Inc.
• Meritech Group
• Bevel Gears India Pvt. Ltd.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Industrial Gears Market

Which Region Dominates the Industrial Gears Market in 2024?

According to Cognitive Market Research, North America currently dominates the Industrial Gears market, and the region is expected to have significant growth during the projected period. North America, especially the United States, boasts a robust manufacturing sector that caters to various industries, including automotive, aerospace, energy, and heavy machinery. Following a rebound in 2021, the Canadian manufacturing sector continued to thrive, achieving unprecedented growth in 2022, with total revenue rising by 17.4% (an increase of $136.6 billion) to reach $922.4 billion. Revenue from manufactured goods accounted for 94.0% of this total, growing by 17.4% (or $128.4 billion) to $866.7 billion in 2022. The demand for industrial gears is closely tied to the vitality and expansion of these sectors. As manufacturing activities recover and grow post-pandemic, there is an escalating need for advanced gear systems to ensure efficient operations.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The automotive industry is a key driver of the industrial gears market in the Asia Pacific region, particularly in major automotive manufacturing countries like Japan, South Korea, and China. The rising production of vehicles, including electric vehicles (EVs), creates a demand for advanced gear systems used in various applications such as transmission systems, power steering, and drivetrains. In June 2024, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles reached 2,336,255 units. For the fiscal year 2024, total production across these categories was 28,434,742 units. During the period from April to June 2024, production totaled 7.5 million units, encompassing passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles. Notably, India achieved a significant milestone, with sales of 1,325,112 EVs recorded in FY24 (up to January 2024). This shift towards electric vehicles is prompting manufacturers to innovate and develop new gear technologies tailored to the specific needs of electric drivetrains.

The current report Scope analyzes Industrial Gears Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Industrial Gears Market Analysis

According to Cognitive Market Research, the global Industrial Gears market size was estimated at USD 26514.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 10605.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Industrial Gears market with a market size of USD 8367.98 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. In the U.S., the demand for the Industrial Gears market is driven by the ongoing recovery from the pandemic has led to increased investments in infrastructure and automation, further boosting the need for industrial gears.
• The Canada Industrial Gears market had a market share of USD 1272.70 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. In Canada, the demand for the Industrial Gears market is driven by government initiatives to support clean energy projects contributing to the increasing need for specialized gears in wind and hydroelectric power applications.
• The Mexico Industrial Gears market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 965.13 million in 2024.

Europe Industrial Gears Market Analysis

According to Cognitive Market Research, the global Industrial Gears market size was estimated at USD 26514.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7954.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Industrial Gears market had a market share of USD 1336.33 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, the demand for the Industrial Gears Market is driven by the resurgence of manufacturing activities, particularly in the automotive and aerospace sectors, which require advanced gear systems for efficient operations.
• The French industrial Gears market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 731.80 million in 2024.
• According to Cognitive Market Research, the German Industrial Gears market size was valued at USD 1574.96 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, the demand for the Industrial Gears Market is driven by the country's focus on automation and Industry 4.0 initiatives further increasing the need for innovative gear technologies in manufacturing processes.
• The Italy Industrial Gears market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 684.07 million in 2024.
• The Russian Industrial Gears market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 1232.92 million in 2024.
• The Spain Industrial Gears market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 652.26 million in 2024
• The Luxembourg Industrial Gears market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 246.58 million in 2024.
• The Portugal Industrial Gears market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 167.04 million in 2024.
• The Greece Industrial Gears market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 95.45 million in 2024.
• The Rest of Europe's Industrial Gears market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 1232.92 million in 2024.

Asia Pacific Industrial Gears Market Analysis

According to Cognitive Market Research, the global Industrial Gears market size was estimated at USD 26514.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 6098.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Industrial Gears market size was valued at USD 2744.25 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In China, the demand for the Industrial Gears market is driven by the transition to electric vehicles and renewable energy sources further boosting the need for specialized gears to support these evolving applications.
• The Japan Industrial Gears market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 841.57 million in 2024.
• The India Industrial Gears market had a market share of USD 731.80 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's significant investments in infrastructure development and renewable energy projects, particularly in wind and solar power, drive market growth.
• The South Korean Industrial Gears market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 609.83 million in 2024.
• The Australian Industrial Gears market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 317.11 million in 2024.
• The South East Asia Industrial Gears market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 420.79 million in 2024.
• The Rest of Asia Pacific Industrial Gears market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 432.98 million in 2024.

South America Industrial Gears Market Analysis

According to Cognitive Market Research, the global Industrial Gears market size was estimated at USD 26514.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1325.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Industrial Gears market size was valued at USD 567.41 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. In Brazil, the demand for the Industrial Gears market is driven by the robust growth of the automotive sector, with increased vehicle production and exports, necessitating advanced gear systems for transmission and engine components.
• Argentina's Industrial Gears market had a market share of USD 222.72 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In Argentina, the demand for the Industrial Gears market is driven by the ongoing investments in agricultural machinery and equipment, which rely on gears for optimal performance.
• Colombia Industrial Gears market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 117.99 million in 2024.
• Peru Industrial Gears market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 108.71 million in 2024.
• Chile's Industrial Gears market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 95.45 million in 2024.
• The Rest of Latin America's Industrial Gears market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 213.44 million in 2024.

Middle East Industrial Gears Market Analysis

According to Cognitive Market Research, the global Industrial Gears market size was estimated at USD 26514.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 530.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Industrial Gears market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 226.96 million in 2024. In GCC countries, the demand for the kids' footwear market is driven by large-scale infrastructure and oil and gas projects, which require reliable power transmission equipment for drilling rigs, refineries, and construction machinery.
• The Egypt Industrial Gears market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 55.68 million in 2024.
• The South Africa Industrial Gears market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 83.79 million in 2024. In South Africa, the demand for the Industrial Gears Market is driven by the mining industry, where equipment like crushers and conveyors depend on robust gears to handle high loads in challenging environments.
• The Turkey Industrial Gears market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 45.60 million in 2024.
• The Nigeria Industrial Gears market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 55.68 million in 2024.
• The Rest of the MEA Industrial Gears market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 62.57 million in 2024.

Industrial Gears Market Analysis

Industrial Gears Market Type Segment Analysis

According to Cognitive Market Research, Planetary are likely to dominate the Industrial Gears Market over the forecast period. Planetary gears are known for their high power density, which allows them to transmit a significant amount of power in a compact space. This is particularly beneficial in applications where space is limited, such as in robotics, aerospace, and automotive systems. The compact design of planetary gear systems enables manufacturers to create smaller, lighter machinery without sacrificing performance, making them an attractive choice for modern engineering requirements.

Spur is the fastest-growing segment in the Industrial Gears Market. Spur gears are characterized by their straightforward design, featuring straight teeth mounted on a parallel axis. This simplicity in design not only makes them easy to manufacture but also reduces production costs. The ability to mass-produce spur gears efficiently makes them a preferred choice for manufacturers, particularly in high-volume applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Industrial Gears Industry. Request a Free Sample PDF!

Industrial Gears Market Design Segment Analysis

According to Cognitive Market Research, The Parallel axis segment holds the largest market share. Parallel axis gears, which include spur gears and helical gears, are known for their efficient power transmission capabilities. Their design allows for direct engagement of gear teeth, minimizing energy loss during operation. This efficiency is particularly important in applications requiring high torque and speed, making parallel axis gears favorable for heavy machinery and industrial applications.

In the Industrial Gears market, the rapidly growing sector is the Angular axis category. The automotive sector significantly contributes to the growth of the angular axis design segment. Bevel and hypoid gears are commonly used in automotive differentials, which are essential for enabling smooth vehicle turns by allowing wheels to rotate at different speeds. The increasing production of vehicles, especially with advancements in electric and hybrid technologies, drives the need for efficient angular axis gear systems.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Industrial Gears Application Segment Analysis

Industrial Gears Market Application Segment Analysis

According to Cognitive Market Research, The Wind Power segment holds the largest market share. According to the Global Wind Energy Council, the total installed wind capacity has been on a consistent upward trajectory, with significant additions each year. As countries expand their wind energy capacity to meet their renewable energy goals, the demand for gear systems used in wind turbines is also rising. These gears are critical components in wind turbine gearboxes, which convert the low-speed rotation of the turbine blades into the high-speed rotation needed to generate electricity.

In the Industrial Gears market, the rapidly growing sector is the Construction category. Many countries are investing heavily in infrastructure projects, including roads, bridges, railways, airports, and urban development. This focus on infrastructure development, especially in emerging economies, significantly boosts the demand for construction machinery and equipment, which rely on industrial gears for power transmission and operational efficiency. For example, governments in regions like Asia-Pacific and Latin America are undertaking massive infrastructure programs, which directly impact the demand for industrial gear.

• Wind Power
• Cement & Aggregates
• Chemical
• Rubber & Plastics
• Construction
• Food & Beverage
• Marine
• Material Handling
• Metals & Mining

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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