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Published Date: 2016-11-21Number of Pages: 85

Industrial Gear Market (Type - Helical Gears, Bevel Gears, Worm Gears, Spur Gears, Herringbone Gears, Hypoid Gears, Crown Gears, Skew Gears, Spiral Gears, Non-Circular Gears, Epicyclic Gears, Harmonic Gears, and Magnetic Gears; Application - Oil and Gas, Steel and Manufacturing, Material Handling, Machine Tools, Pulp and Paper, Automotive, Mining, Plastic, and Cement) - Europe Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Europe Industrial Gears Market: Snapshot

Industrial gears find vast usage across a number of industries owing to the reduction in mechanical work they bring about in a variety of industrial processes and operations. Industrial gears have equally expansive applications in heavy industries as well as in different manufacturing industries. Forming the core of most machinery used extensively in a vast array of industrial processes, the market for industrial gears in the highly industrialized European countries is expected to expand at a healthy pace in the next few years.

The Europe industrial gear market is mostly privatized and the features both international and local companies. Considering the new technologies introduced in the industrial gear market in the recent years, the market has vast potential opportunities for the manufacturers of industrial gears in the near future. As a result, the market is experiencing a high level of competition. Moreover, the entry of international players from North America and Asia Pacific into the region also facilitates the exchange of enhanced gear technologies. Growing competition is expected to ensure steady market growth rate over the forecast period

Transparency Market Research estimates that the market will exhibit a 4.5% CAGR over the period between 2016 and 2024. At this pace, the market is expected to rise from a valuation of US$24.21 bn in 2015 to US$35.23 bn by 2024.

europe industrial gear market

 

Magnetic Gears to be Most Promising Industrial Gear Variety in Europe

On the basis of gear types the market is bifurcated into helical gears, bevel gears, worm gears, spur gears, herringbone gears, hypoid gears, crown gears, skew gears, spiral gears, non-circular gears, epicyclic gears, harmonic gears, and magnetic gears. Of these, the segment of helical gears held the dominant 12.4% of the overall market in 2015, in terms of revenue. The segment, however, is expected to witness a sizeable decline in its share in the Europe industrial gears market by 2024 owing to issues such as the production of more heat, less efficiency, and higher maintenance cost as compared to other gears.

Gear varieties such as worm gear, herringbone gear, and magnetic gear are expected to gain more focus and witness increased adoption across a number of industries over the period between 2016 and 2024. The segment of magnetic gears is expected to exhibit the most promising growth over the said period, an estimated 6.6% CAGR from 2016 through 2024; light weight, compact designs, and low costs of these gears are expected to work in their favor.

Vast Number of Industries to Help Germany Maintain Dominance

In terms of geography, the Europe industrial gears market is examined for U.K., Germany, Italy, France and Rest of Europe. Of these, the market in Germany dominated in terms of revenue contribution to the overall market in 2015. The presence of a large number of industries and a steadily expanding manufacturing sector in the country is fuelling the demand of industrial gears.

Over the forecast period, however, the market for industrial gears in Germany will lose prominence to other regional markets such as France, Italy, and countries in the Rest of the Europe segment, including Spain, Belgium, and the Netherlands. The Rest of the Europe segment will exhibit the most promising pace of growth, an estimated 5.5% CAGR from 2016 to 2024. The market in this region will primarily benefit from the flourishing manufacturing industries like construction, steel, and iron.

Some of the key players in the industrial gear market are Siemens AG (Germany), Klingelnberg GmbH (Switzerland), Precipart Corporation (U.S.), RenoldPlc (U.K.), BonfiglioliRiduttori S.P.A. (Italy), BMT International S.A. (Luxembourg), Rossi SpA (Italy), Getriebebau NORD GmbH &Co. KG (Germany), NGC (China), and Sumitomo Heavy Industries Ltd. (Japan). 

Chapter 1 Preface
1.1 Report Scope& Market Segmentation
1.2 Research Highlights

Chapter 2 Executive Summary

Chapter 3 Research Methodology

Chapter 4 Market Overview
4.1 Product Overview
4.2 Market Introduction
4.3 Industry Evolution/Developemnts
4.4 Key Market Indiscators

Chapter 5 Market Dynamics
5.1 Drivers
5.2 Restraints
5.3 Opportunities

Chapter 6 Europe Industrial Gear Market Analysis:By Type
6.1 Helical Gears
6.2 Bevel Gears
6.3 Worm Gears
6.4 Spur Gears
6.5 Herringbone Gears
6.6 Hypoid Gears
6.7 Crown Gears
6.8 Skew Gears
6.9 Non-circular Gears
6.10 Epicyclic Gears
6.11 Harmonic Gears
6.12 Magnetic Gears
6.13 Others
6.14 Europe Industrial Gear Market Value Share Analysis, By Type
6.15 Europe Industrial Gear Market Forecast , By Type
6.16 Europe Industrial Gear Market Analysis, By Type

Chapter 7 Europe Industrial Gear Market Analysis:By Type
7.1 Introduction
7.2 Europe Industrial Gear Market Value Share Analysis, By End Use Industries
7.3 Europe Industrial Gear Market Forecast, By End Use industries
7.4 Europe Industrial Gear Market Analysis, By End Use Industries

Chapter 8 Europe Industrial Gear Market Analysis:By Country
8.1 U.K. Industrial Gear Market Analysis
8.2 Germany Industrial Gear Market Analysis
8.3 France Industrial Gear Market Analysis
8.4 Italy Industrial Gear Market Analysis
8.5 Rest of Europe Industrial Gear Market Analysis

Chapter 9 Europe Industrial Gear Market Competition Analysis
9.1 Siemens AG
      9.1.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.1.2. Market Presence, By Segment and Geography
      9.1.3. Key Developments
      9.1.4. Strategy and Historical Roadmap
      9.1.5. Revenue and Operating Profits
9.2 Klingelnberg GmbH  
      9.2.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.2.2. Market Presence, By Segment and Geography
      9.2.3. Key Developments
      9.2.4. Strategy and Historical Roadmap
      9.2.5. Revenue and Operating Profits
9.3 Precipart Corporation
      9.3.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.3.2. Market Presence, By Segment and Geography
      9.3.3. Key Developments
      9.3.4. Strategy and Historical Roadmap
      9.3.5. Revenue and Operating Profits
9.4 Renold Plc
      9.4.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.4.2. Market Presence, By Segment and Geography
      9.4.3. Key Developments
      9.4.4. Strategy and Historical Roadmap
      9.4.5. Revenue and Operating Profits
9.5 Bonfiglioli Riduttori S.P.A.
      9.5.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.5.2. Market Presence, By Segment and Geography
      9.5.3. Key Developments
      9.5.4. Strategy and Historical Roadmap
      9.5.5. Revenue and Operating Profits
9.6 BMT International S.A.
      9.6.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.6.2. Market Presence, By Segment and Geography
      9.6.3. Key Developments
      9.6.4. Strategy and Historical Roadmap
      9.6.5. Revenue and Operating Profits
9.7 Rossi SpA 
      9.7.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.7.2. Market Presence, By Segment and Geography
      9.7.3. Key Developments
      9.7.4. Strategy and Historical Roadmap
      9.7.5. Revenue and Operating Profits
9.8 Getriebebau NORD GmbH & Co. KG 
      9.8.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.8.2. Market Presence, By Segment and Geography
      9.8.3. Key Developments
      9.8.4. Strategy and Historical Roadmap
      9.8.5. Revenue and Operating Profits
9.9 NGC
      9.9.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.9.2. Market Presence, By Segment and Geography
      9.9.3. Key Developments
      9.9.4. Strategy and Historical Roadmap
      9.9.5. Revenue and Operating Profits
9.10 Sumitomo Heavy Industries Ltd. 
      9.10.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.10.2. Market Presence, By Segment and Geography
      9.10.3. Key Developments
      9.10.4. Strategy and Historical Roadmap
      9.10.5. Revenue and Operating Profits

List of Figures 

FIG. 1 Report Scope
FIG. 2 Market Size, Indicative (USD Bn)
FIG. 3 Leading Market Segments, 2024 (USD Bn)
FIG. 4 Growth Trend, Leading Market Segments, 2015 – 2024 
FIG. 5 Market Share, By Country, 2015 & 2024
FIG. 6 Market Value Share By Type (2015)
FIG. 7 Market Value Share By End Use Industries (2015)
FIG. 8 Market Value Share By Country (2015)
FIG. 9 Europe Industrial Gear Market Value Share Analysis By Type, 2015 Vs 2024
FIG. 10 Helical Gears Market, 2015 – 2024, USD Bn
FIG. 11 Bevel Gears Market, 2015 – 2024, USD Bn
FIG. 12 Worm Gears Market, 2015 – 2024, USD Bn
FIG. 13 Spur Gears Market, 2015 – 2024, USD Bn
FIG. 14 Herringbone Gears Market, 2015 – 2024, USD Bn
FIG. 15 Hypoid Gears Market, 2015 – 2024, USD Bn
FIG. 16 Crown Gears Market, 2015 – 2024, USD Bn
FIG. 17 Skew Gears Market, 2015 – 2024, USD Bn
FIG. 18 Spiral Gears Market, 2015 – 2024, USD Bn
FIG. 19 Non-circular Gears Market, 2015 – 2024, USD Bn
FIG. 20 Epicyclic Gears Market, 2015 – 2024, USD Bn
FIG. 21 Harmonic Gears Market, 2015 – 2024, USD Bn
FIG. 22 Magnetic Gears Market, 2015 – 2024, USD Bn
FIG. 23 Other Gears Market, 2015 – 2024, USD Bn
FIG. 24 Europe Industrial Gear Market Value Share Analysis By End Use Industries, 2015 Vs 2024
FIG. 25 Oil and Gas Market, 2015 – 2024, USD Bn
FIG. 26 Steel and Manufacturing Market, 2015 – 2024, USD Bn
FIG. 27 Material Handling Market, 2015 – 2024, USD Bn
FIG. 28 Machine Tools Market, 2015 – 2024, USD Bn
FIG. 29 Pulp and Paper Market, 2015 – 2024, USD Bn
FIG. 30 Automotive  Market, 2015 – 2024, USD Bn
FIG. 31 Mining Market, 2015 – 2024, USD Bn
FIG. 32 Plastic Market, 2015 – 2024, USD Bn
FIG. 33 Cement Market, 2015 – 2024, USD Bn
FIG. 34 Others Market, 2015 – 2024, USD Bn
FIG. 35 U.K. Industrial Gear Market, 2015 – 2024, USD Bn
FIG. 36 Germany Industrial Gear Market, 2015 – 2024, USD Bn
FIG. 37 France Industrial Gear Market, 2015 – 2024, USD Bn
FIG. 38 Italy Industrial Gear Market, 2015 – 2024, USD Bn
FIG. 39 Rest of Europe Industrial Gear Market, 2015 – 2024, USD Bn

List of Tables

TABLE 1 Europe Industrial Gear Market Size (USD Bn) Forecast, By Type, 2015 – 2024
TABLE 2 Europe Industrial Gear Market Size (USD Bn) Forecast, By End Use Industries, 2015 – 2024

Europe Industrial Gear Market: Overview

This report provides strategic analysis of the Europe industrial gearmarket, and the market growth forecast for the period 2016 to 2024. The scope of the report includes competitive analysis of various market segments based on the types, end use industries of the industrial gear market.

Spur gears are the simplest type of gears that have straight teeth and are mounted on parallel shafts. These gears are used in material handling equipment, power plants, steel mills among others.  Demand of these gears are high as they are easy to install and are compact, reliable and can transmit huge amount of power.

Due to easy installation and reliability of these gears, spur gears is acting as one of the key trend in the industrial gears market in the region of Europe. Another major advantage of these gears is that it offers constant velocity ratio.Europe industrial gear market is mostly privatized and the industry comprises both international and local companies. Considering the new technologies introduced in the industrial gear market, the market provides attractive opportunities for the manufacturers of industrial gears. As a result of which, the market is experiencing an important level of competition.

Industrial gears help in reducing the mechanical works in industries as it performs tasks by implementing less effort. It helps in operating various machines and carry out heavy works easily. These gears are used in heavy industries which help in changing direction of rotational force from one axis to other.

The Europe industrial gear market is restrained by the huge cost of maintenance. One of the major concern for the manufacturing industries is the maintenance of the gears. Moreover, the cost of the spares are high and would incur huge cost.

Advancement in technology is an important opportunity in the Europe industrial gear market.Companies are focused on redesigning gears that are likely to produce less noise, heat and will increase the life cycle of the gears.

Europe Industrial Gear Market: Segmentation

On the basis of end use industries the industrial gear market is bifurcated into oil and gas, steel and manufacturing, material handling, machine tools, pulp and paper, automotive, mining, plastic, cement and others. Material handling accounted for the highest market revenue in 2015. It is one of the major part of industry practice and the material handling methods result in improved productivity and less cycle time. The material handling industry is primarily categorized as cranes and hoisting technologies. In this industry, gears are used in tower cranes, gantry crane, drilling rigs, offshore cranes among others. This segment accounted for the highest revenue share in 2015.

Based on gear types the market is bifurcated into helical gears, bevel gears, worm gears, spur gears, herringbone gears, hypoid gears, crown gears, skew gears, spiral gears, non-circular gears, epicyclic gears, harmonic gears, magnetic gears and others. The helical gears accounted for the highest revenue share in 2015. Helical gears are the cylindrical gears having a slanted tooth trace. As the gear is curved, the angling makes the tooth shape a segment of a helix. These gears are engaged in heavy load applications and is used to transmit the power and motion between two parallel shaft and non-parallel shaft as well. The major constraints of this gear is that it requires more maintenance like proper lubrications, because of the greater sliding movement between the mating gear teeth. The helical gears are used in various applications like steel, fertilizers, plastic, food industries and many others. This gear accounted for highest revenue share in 2015.Moreover, the market is also segmented based on country that includes the U.K., Germany, Italy, France and Rest of Europe.

Europe Industrial Gear Market: Competitive Dynamics

Some of the leading players in the market are Siemens AG (Germany), Klingelnberg GmbH (Switzerland), Precipart Corporation (U.S.), RenoldPlc (U.K.), BonfiglioliRiduttori S.P.A. (Italy), BMT International S.A. (Luxembourg), Rossi SpA (Italy), Getriebebau NORD GmbH & Co. KG (Germany), NGC (China), Sumitomo Heavy Industries Ltd. (Japan) among others.

The market has been segmented as follows:

Europe Industrial Gear market, by type:

  • Helical Gears
  • Bevel Gears
  • Worm Gears
  • Spur Gears
  • Herringbone Gears
  • Hypoid Gears
  • Crown Gears
  • Skew Gears
  • Spiral Gears
  • Non-circular Gears
  • Epicyclic Gears
  • Harmonic Gears
  • Magnetic Gears
  • Others

Europe Industrial Gear market, by End Use Industries:

  • Oil and Gas
  • Steel and manufacturing
  • Material Handling
  • Machine Tools
  • Pulp and Paper
  • Automotive
  • Mining
  • Plastic
  • Cement
  • Others

?Europe Industrial Gear market, by Country:

  • U.K.
  • Germany
  • France
  • Italy
  • Rest of Europe


 
 
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