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Coronavirus Impact: Slowdown in Production Activities of Oil Sector

The effects of COVID-19 (coronavirus) pandemic have compelled oilfield companies to reduce their headcount in services. Oil companies have witnessed facility closures, thus affecting the global economy. This is emerging as a challenge for companies in the industrial gear market, since all industries are interdependent. Volatility supply and demand has compelled manufacturers to adopt contingency plans in order to address unforeseen situations. Companies in the industrial gear market are also facing backlash from the mining and construction industries.

Stakeholders in mining and construction industries are adopting social distancing and robust sanitization measures to contain the spread of coronavirus. This has led to a decline in the headcount of employees working in these industries, and has slowed down the pace of production activities.

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Testing and Verification of Gear Units Fuel Sales Growth

Manufacturers in the industrial gear market are increasing their production capabilities in worm gears that are being extensively used to accomplish large speed reduction ratio. For instance, ZHY Gear— a one-stop platform for gear design and manufacturing is increasing its product portfolio in worm gear, rack and pinion gear, and cylindrical gear, among others. Since industrial gears are being used in routine production activities worldwide, the industrial gear market is predicted to surpass the revenue of US$ 111.4 Bn by the end of 2030.

Companies in the industrial gear market are tapping into value-grab opportunities in the energy sector. Moventas— a wind turbine gearbox expert is bolstering its credibility credentials by providing testing and verification services to clients. The trend of in-house testing for gear units during production processes is growing in the market landscape.

Load Distribution Strategies Help to Increase Operational Life of Industrial Equipment

Spur gears are advantageous in providing a wide range of transmission ratio, easy processing and efficiency in industrial equipment. However, issues such as increased vibration, deformation, and changes in the involute shape are creating undesired outcomes during production processes. This explains why industrial gear market is projected to grow at a modest CAGR of 5% during the forecast period. Hence, companies are educating end users to use spur gears for bearing radial load instead of axial load to establish load distribution. This helps to increase the operational life of gearbox.

Apart from spur gear, even helical gears have disadvantages such as bad axial force and in many cases lead to increased manufacturing costs. In order to avoid this, end users are using new strategies such as deploying the compensation effect to increase the durability of helical gears.

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Drivetrain Analysis of Wind Gearbox Minimizes Dynamic Excitation of Turbine Structure

In-house design and production of gear units is helping manufacturers gain in-depth competence. In order to acquire market visibility, companies in the industrial gear market are increasing efforts to become a member of the American Gear Manufacturers Association (AGMA) and comply with the Environmental Noise Directive standards. In-house technologies involving case carburizing, integrated planet and journal bearings help to increase the operational life of gearboxes.

Companies in the industrial gear market are increasing efforts to provide quality and reliable wind gearboxes. They are boosting their R&D muscle to minimize turbine tonality risk by conducting complete drivetrain analysis. Such strategies help to keep noise levels in control and minimize the dynamic excitation to the turbine structure. Manufacturers are increasing the availability of gear units that do not vibrate and ensure low sound levels.

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Analysts’ Viewpoint

Shutdowns due to the COVID-19 pandemic have revealed the weight of China, South Korea, and others on global oil supply chains. This phenomenon is predicted to cause a slowdown in the energy sector that is dependent on the industrial gear market. As such, the market is projected to grow with the introduction of new right-angled planetary gearboxes, as created by the Italian firm Motor Technology to include them in space-constrained operations. However, other gear types such as spur gears are subject to noise and vibration in high-speed applications. Hence, companies should increase awareness about load distribution to reduce the stress on the teeth of the spur gear units.

Industrial Gear Market: Overview

  • According to Transparency Market Research’s latest research report on the global industrial gear market for the historical period 2018–2019 and the forecast period 2020–2030, rising demand from the automotive industry is expected to boost the global industrial gear market during the forecast period
  • In terms of revenue, the global industrial gear market is estimated to exceed value of US$ 111.4 Bn by 2030, expanding at a CAGR of 5% during the forecast period

Usage of Industrial Gear in Various End-use Sectors: A Key Driver

  • Industrial gear finds application in a wide range of heavy industries and manufacturing industries due to its capability of reducing mechanical work in various processes and operations. Rising net income in developing economies has encouraged several industries to extend their facilities to meet the demand of consumers. These industries include textile, oil & gas, pulp & paper, and food & beverages.
  • Growth of end-use industries, along with increasing adoption of industrial automation at the global level is likely to fuel the growth of the industrial gear market in the upcoming years
  • The industrial sector majorly prefers spur, helical, and internal gear. These products can work in parallel axis, which improves its acceptance in various end-use applications
  • Bevel gears such as straight bevel, spiral bevel, and miter gears are preferred by users for intersecting configurations. This helps them in changing the direction of motion within power transmission systems. However, users are also opting for hybrid gear for low motion and power transmission efficiencies by using screw gear, worm gear, and hypoid gear.

Increasing Demand from Asia Pacific

  • Asia Pacific is the emerging hub of manufacturing, automobile, and automotive components, owing to its cost-effective techniques, availability of skilled labor and raw materials, and being geographically closer to key automotive markets. This growth can be attributed to the increase in manufacturing of passenger and commercial vehicles since automakers are constantly developing drive-trains and cost efficient engines to reduce fuel consumption, and also enhancing emission-control technology to produce cleaner automobiles. In addition, continuous growth in ambitious infrastructure programs and fast-tracking of ongoing projects is expected to gain demand for construction equipment. Industrial gear is an essential element while producing construction and industrial equipment, and demand for industrial gear from Asia Pacific is one of the major factors driving the market. Similarly, adoption of advanced technology in the sectors of mining, industrial machinery, power plants, and oilfields is likely to gain demand for industrial gear in the near future.

Industrial Gear Market: Competition Landscape

  • Detailed profiles of providers of industrial gear have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global industrial gear market are
    • 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.

Industrial Gear Market: Key Developments

  • Key providers of industrial gear such as ABB Ltd, Siemens AG, Martin Sprocket & Gear, Inc., and Hota Industrial Manufacturing Co., Ltd. are focusing on product development to attract more customers. Some other key developments in the global industrial gear market are highlighted below:
  • In March 2020, Martin Sprocket & Gear, Inc. provided assistance to customers involved in production of essential products in these challenging times with COVID-19. The company provided customized products to a chemical company in Georgia, which will help in increasing the production of cleaning products.
  • ABB Ltd is planning to expand its product portfolio to meet the requirements of its end users by providing them with customized and standard products. In addition, the company is also indulging in strategic collaborations and acquisitions with prominent players to remain competitive in the market and improve its business activities across the globe as well as India.
  • In 2019, Siemens AG invested about US$ 6.3 Bn in research and development (R&D). This has helped the company to develop innovative and sustainable solutions for its clients. The company has also announced its “Vision 2020+” strategy to enhance its profitability to strengthen its portfolio with better innovation and quality oriented productivity.
  • OKUBO GEAR Co., Ltd. is planning to expand its business beyond the border of Japan where it is based in order to enhance the sales of products and fulfill the requirement of clients across the globe with innovative products and advanced technology. In addition, the company is focusing on offering value added services and customized solutions to its clients.

Industrial Gear Market – Scope of the Report

A new study on the global industrial gear market has been published by Transparency Market Research (TMR). It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global industrial gear market across the globe. TMR’s study offers valuable information about the global industrial gear market to illustrate how the market would grow during the forecast period, 2020–2030.

Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), have been elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global industrial gear market during the forecast period.

An extensive analysis on business strategies of leading market players has also been featured in TMR’s study on the global industrial gear market. This can help readers understand principal factors to foresee growth in the global industrial gear market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global industrial gear market, which is expected to guide market players in making apt decisions in the future.

Key Questions Answered in TMR’s Industrial Gear Market Study

  • What are the key factors influencing the industrial gear market in each region?
  • What will be the CAGR of the global industrial gear market between 2018 and 2030?
  • What is the future scope and current trends in technologies of the global industrial gear market?
  • What is the revenue of the global industrial gear market based on segments?
  • Which key strategies are used by top players of the global industrial gear market?
  • Which are the leading companies in the global industrial gear market?

Research Methodology – Industrial Gear Market

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global industrial gear market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global industrial gear market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the industrial gear market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from industrial gear industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global industrial gear market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global industrial gear market more reliable and accurate.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Industrial Gear Market – Segmentation

TMR’s study on the global industrial gear market includes information categorized into four sections ? product type, application, distribution channel, and region. Changing industry trends and other crucial market dynamics associated with these sections of the industrial gear market have been discussed in detail.

Product Type

  • Spur Gear
  • Planetary Gear
  • Helical Gear
  • Rack and Pinion Gear
  • Worm Gear
  • Bevel Gear
  • Others

Application

  • Oilfield Equipment
  • Mining Equipment
  • Industrial Machinery
  • Power Plants
  • Construction Machinery
  • Others

Distribution Channel

  • Online
  • Offline

Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

   2. Assumptions

   3. Research Methodology

   4. Executive Summary

   5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Demand Side Analysis

            5.3.2. Supply Side Analysis

        5.4. Key Market Indicators

            5.4.1. Premium Grade Industrial Gear

            5.4.2. Increasing Crude Steel Production

            5.4.3. Industrial Gear Manufacturers

        5.5. Porter’s Five Forces Analysis

        5.6. Technology Overview

        5.7. Value Chain Analysis

            5.7.1. Managing Supply Chain Risk and Disruption – Considering Impact of COVID-19

        5.8. Industry SWOT Analysis

        5.9. Global Industrial Gear Market Analysis and Forecast, 2018 - 2030

            5.9.1. Market Revenue Projections (US$ Mn)

            5.9.2. Market Revenue Projections (Million Units)

   6. Global Industrial Gear Market Analysis and Forecast, By Product Type

        6.1. Global Industrial Gear Market Size (US$ Mn, Million Units) Forecast, By Product Type, 2018 - 2030

            6.1.1. Spur Gear

            6.1.2. Planetary Gear

            6.1.3. Helical Gear

            6.1.4. Rack and Pinion Gear

            6.1.5. Worm Gear

            6.1.6. Bevel Gear

            6.1.7. Others

        6.2. Incremental Opportunity, By Product Type

   7. Global Industrial Gear Market Analysis and Forecast, by Application

        7.1. Global Industrial Gear Market Size (US$ Mn, Million Units), by Application, 2018 - 2030

            7.1.1. Oilfield Equipment

            7.1.2. Mining Equipment

            7.1.3. Industrial Machinery

            7.1.4. Power Plants

            7.1.5. Construction Machinery

            7.1.6. Others

        7.2. Global Incremental Opportunity, by Application

   8. Global Industrial Gear Market Analysis and Forecast, by Distribution Channel

        8.1. Global Industrial Gear Market Size (US$ Mn, Million Units), by Distribution Channel, 2018 - 2030

            8.1.1. Online

            8.1.2. Offline

        8.2. Global Incremental Opportunity, by Distribution Channel

   9. Global Industrial Gear Market Analysis and Forecast, by Region

        9.1. Industrial Gear Market Size (US$ Mn & Million Units), by Region, 2018 - 2030

            9.1.1. North America

            9.1.2. Europe

            9.1.3. Asia Pacific

            9.1.4. Middle East & Africa

            9.1.5. South America

        9.2. Global Incremental Opportunity, by Region

   10. North America Industrial Gear Market Analysis and Forecast

        10.1. Regional Snapshot

            10.1.1. By Product Type

            10.1.2. By Application

            10.1.3. By Distribution Channel

            10.1.4. By Country

        10.2. Key Trend Analysis

            10.2.1. Demand Side

            10.2.2. Supply Side

        10.3. Price Trend Analysis

            10.3.1. Weighted Average Price

            10.3.2. Price Impact-COVID-19

        10.4. Impact Analysis of COVID- 19

        10.5. Industrial Gear Market Size (US$ Mn, Million Units) Forecast, By Product Type, 2018 - 2030

            10.5.1. Spur Gear

            10.5.2. Planetary Gear

            10.5.3. Helical Gear

            10.5.4. Rack and Pinion Gear

            10.5.5. Worm Gear

            10.5.6. Bevel Gear

            10.5.7. Others

        10.6. Industrial Gear Market Size (US$ Mn, Million Units), by Application, 2018 - 2030

            10.6.1. Oilfield Equipment

            10.6.2. Mining Equipment

            10.6.3. Industrial Machinery

            10.6.4. Power Plants

            10.6.5. Construction Machinery

            10.6.6. Others

        10.7. Industrial Gear Market Size (US$ Mn, Million Units), by Distribution Channel, 2018 - 2030

            10.7.1. Online

            10.7.2. Offline

        10.8. Industrial Gear Market Size (US$ Mn & Million Units) Forecast, by Country & Sub-region, 2018 - 2030

            10.8.1. The U.S.

            10.8.2. Canada

            10.8.3. Rest of North America

        10.9. Incremental Opportunity Analysis

   11. Europe Industrial Gear Market Analysis and Forecast

        11.1. Regional Snapshot

            11.1.1. By Product Type

            11.1.2. By Application

            11.1.3. By Distribution Channel

            11.1.4. By Country

        11.2. Key Trend Analysis

            11.2.1. Demand Side

            11.2.2. Supply Side

        11.3. Price Trend Analysis

            11.3.1. Weighted Average Price

            11.3.2. Price Impact-COVID-19

        11.4. Impact Analysis of COVID- 19

        11.5. Industrial Gear Market Size (US$ Mn, Million Units) Forecast, By Product Type, 2018 - 2030

            11.5.1. Spur Gear

            11.5.2. Planetary Gear

            11.5.3. Helical Gear

            11.5.4. Rack and Pinion Gear

            11.5.5. Worm Gear

            11.5.6. Bevel Gear

            11.5.7. Others

        11.6. Industrial Gear Market Size (US$ Mn, Million Units), by Application, 2018 - 2030

            11.6.1. Oilfield Equipment

            11.6.2. Mining Equipment

            11.6.3. Industrial Machinery

            11.6.4. Power Plants

            11.6.5. Construction Machinery

            11.6.6. Others

        11.7. Industrial Gear Market Size (US$ Mn, Million Units), by Distribution Channel, 2018 - 2030

            11.7.1. Online

            11.7.2. Offline

        11.8. Industrial Gear Market Size (US$ Mn & Million Units) Forecast, by Country & Sub-region, 2018 - 2030

            11.8.1. Germany

            11.8.2. U.K.

            11.8.3. France

            11.8.4. Rest of Europe

        11.9. Incremental Opportunity Analysis

   12. Asia Pacific Industrial Gear Market Analysis and Forecast

        12.1. Regional Snapshot

            12.1.1. By Product Type

            12.1.2. By Application

            12.1.3. By Distribution Channel

            12.1.4. By Country

        12.2. Key Trend Analysis

            12.2.1. Demand Side

            12.2.2. Supply Side

        12.3. Price Trend Analysis

            12.3.1. Weighted Average Price

            12.3.2. Price Impact-COVID-19

        12.4. Impact Analysis of COVID- 19

        12.5. Industrial Gear Market Size (US$ Mn, Million Units) Forecast, By Product Type, 2018 - 2030

            12.5.1. Spur Gear

            12.5.2. Planetary Gear

            12.5.3. Helical Gear

            12.5.4. Rack and Pinion Gear

            12.5.5. Worm Gear

            12.5.6. Bevel Gear

            12.5.7. Others

        12.6. Industrial Gear Market Size (US$ Mn, Million Units), by Application, 2018 - 2030

            12.6.1. Oilfield Equipment

            12.6.2. Mining Equipment

            12.6.3. Industrial Machinery

            12.6.4. Power Plants

            12.6.5. Construction Machinery

            12.6.6. Others

        12.7. Industrial Gear Market Size (US$ Mn, Million Units), by Distribution Channel, 2018 - 2030

            12.7.1. Online

            12.7.2. Offline

        12.8. Industrial Gear Market Size (US$ Mn & Million Units) Forecast, by Country & Sub-region, 2018 - 2030

            12.8.1. China

            12.8.2. India

            12.8.3. Japan

            12.8.4. South Korea

            12.8.5. Rest of Asia Pacific

   13. Middle East & Africa Industrial Gear Market Analysis and Forecast

        13.1. Regional Snapshot

            13.1.1. By Product Type

            13.1.2. By Application

            13.1.3. By Distribution Channel

            13.1.4. By Country

        13.2. Key Trend Analysis

            13.2.1. Demand Side

            13.2.2. Supply Side

        13.3. Price Trend Analysis

            13.3.1. Weighted Average Price

            13.3.2. Price Impact-COVID-19

        13.4. Impact Analysis of COVID- 19

        13.5. Industrial Gear Market Size (US$ Mn, Million Units) Forecast, By Product Type, 2018 - 2030

            13.5.1. Spur Gear

            13.5.2. Planetary Gear

            13.5.3. Helical Gear

            13.5.4. Rack and Pinion Gear

            13.5.5. Worm Gear

            13.5.6. Bevel Gear

            13.5.7. Others

        13.6. Industrial Gear Market Size (US$ Mn, Million Units), by Application, 2018 - 2030

            13.6.1. Oilfield Equipment

            13.6.2. Mining Equipment

            13.6.3. Industrial Machinery

            13.6.4. Power Plants

            13.6.5. Construction Machinery

            13.6.6. Others

        13.7. Industrial Gear Market Size (US$ Mn, Million Units), by Distribution Channel, 2018 - 2030

            13.7.1. Online

            13.7.2. Offline

        13.8. Industrial Gear Market Size (US$ Mn & Million Units) Forecast, by Country & Sub-region, 2018 - 2030

            13.8.1. GCC

            13.8.2. South Africa

            13.8.3. Rest of Middle East & Africa

        13.9. Incremental Opportunity Analysis

   14. South America Industrial Gear Market Analysis and Forecast

        14.1. Regional Snapshot

            14.1.1. By Product Type

            14.1.2. By Application

            14.1.3. By Distribution Channel

            14.1.4. By Country

        14.2. Key Trend Analysis

            14.2.1. Demand Side

            14.2.2. Supply Side

        14.3. Price Trend Analysis

            14.3.1. Weighted Average Price

            14.3.2. Price Impact-COVID-19

        14.4. Impact Analysis of COVID- 19

        14.5. Industrial Gear Market Size (US$ Mn, Million Units) Forecast, By Product Type, 2018 - 2030

            14.5.1. Spur Gear

            14.5.2. Planetary Gear

            14.5.3. Helical Gear

            14.5.4. Rack and Pinion Gear

            14.5.5. Worm Gear

            14.5.6. Bevel Gear

            14.5.7. Others

        14.6. Industrial Gear Market Size (US$ Mn, Million Units), by Application, 2018 - 2030

            14.6.1. Oilfield Equipment

            14.6.2. Mining Equipment

            14.6.3. Industrial Machinery

            14.6.4. Power Plants

            14.6.5. Construction Machinery

            14.6.6. Others

        14.7. Industrial Gear Market Size (US$ Mn, Million Units), by Distribution Channel, 2018 - 2030

            14.7.1. Online

            14.7.2. Offline

        14.8. Industrial Gear Market Size (US$ Mn & Million Units) Forecast, by Country & Sub-region, 2018 - 2030

            14.8.1. Brazil

            14.8.2. Rest of South America

        14.9. Incremental Opportunity Analysis

   15. Competition Landscape

        15.1. Market Player – Competition Dashboard

        15.2. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, COVID – 19 Response, Strategy & Business Overview)

            15.2.1.     ABB Ltd

                15.2.1.1. Company Overview

                15.2.1.2. Sales Area/Geographical Presence

                15.2.1.3. Revenue

                15.2.1.4. COVID – 19 Response

                15.2.1.5. Strategy & Business Overview

            15.2.2.     Siemens AG

                15.2.2.1. Company Overview

                15.2.2.2. Sales Area/Geographical Presence

                15.2.2.3. Revenue

                15.2.2.4. COVID – 19 Response

                15.2.2.5. Strategy & Business Overview

            15.2.3.     Martin Sprocket & Gear, Inc.

                15.2.3.1. Company Overview

                15.2.3.2. Sales Area/Geographical Presence

                15.2.3.3. Revenue

                15.2.3.4. COVID – 19 Response

                15.2.3.5. Strategy & Business Overview

            15.2.4.     Hota Industrial Manufacturing Co., Ltd.

                15.2.4.1. Company Overview

                15.2.4.2. Sales Area/Geographical Presence

                15.2.4.3. Revenue

                15.2.4.4. COVID – 19 Response

                15.2.4.5. Strategy & Business Overview

            15.2.5.     OKUBO GEAR Co., Ltd.

                15.2.5.1. Company Overview

                15.2.5.2. Sales Area/Geographical Presence

                15.2.5.3. Revenue

                15.2.5.4. COVID – 19 Response

                15.2.5.5. Strategy & Business Overview

            15.2.6.     Bharat Gears Ltd.

                15.2.6.1. Company Overview

                15.2.6.2. Sales Area/Geographical Presence

                15.2.6.3. Revenue

                15.2.6.4. COVID – 19 Response

                15.2.6.5. Strategy & Business Overview

            15.2.7.     Elecon Engineering Company Limited

                15.2.7.1. Company Overview

                15.2.7.2. Sales Area/Geographical Presence

                15.2.7.3. Revenue

                15.2.7.4. COVID – 19 Response

                15.2.7.5. Strategy & Business Overview

            15.2.8.     Precipart Corporation

                15.2.8.1. Company Overview

                15.2.8.2. Sales Area/Geographical Presence

                15.2.8.3. Revenue

                15.2.8.4. COVID – 19 Response

                15.2.8.5. Strategy & Business Overview

            15.2.9.     Kohara Gear Industry Co., Ltd.

                15.2.9.1. Company Overview

                15.2.9.2. Sales Area/Geographical Presence

                15.2.9.3. Revenue

                15.2.9.4. COVID – 19 Response

                15.2.9.5. Strategy & Business Overview

            15.2.10.     Aero Gear Incorporated

                15.2.10.1. Company Overview

                15.2.10.2. Sales Area/Geographical Presence

                15.2.10.3. Revenue

                15.2.10.4. COVID – 19 Response

                15.2.10.5. Strategy & Business Overview

            15.2.11.     Shanthi Gears Limited

                15.2.11.1. Company Overview

                15.2.11.2. Sales Area/Geographical Presence

                15.2.11.3. Revenue

                15.2.11.4. COVID – 19 Response

                15.2.11.5. Strategy & Business Overview

            15.2.12.     Ashoka Machine Tools Corporation

                15.2.12.1. Company Overview

                15.2.12.2. Sales Area/Geographical Presence

                15.2.12.3. Revenue

                15.2.12.4. COVID – 19 Response

                15.2.12.5. Strategy & Business Overview

            15.2.13.     Cleveland Gear Company Inc.

                15.2.13.1. Company Overview

                15.2.13.2. Sales Area/Geographical Presence

                15.2.13.3. Revenue

                15.2.13.4. COVID – 19 Response

                15.2.13.5. Strategy & Business Overview

            15.2.14.     Meritech Group

                15.2.14.1. Company Overview

                15.2.14.2. Sales Area/Geographical Presence

                15.2.14.3. Revenue

                15.2.14.4. COVID – 19 Response

                15.2.14.5. Strategy & Business Overview

            15.2.15.     Bevel Gears India Pvt. Ltd.

                15.2.15.1. Company Overview

                15.2.15.2. Sales Area/Geographical Presence

                15.2.15.3. Revenue

                15.2.15.4. COVID – 19 Response

                15.2.15.5. Strategy & Business Overview

    16. Key Takeaways

        16.1. Solution to Overcome the Current Situation (COVID-19 Impact)

        16.2. Identification of Potential Market Spaces

            16.2.1. Product Type

            16.2.2. Application

            16.2.3. Distribution Channel

            16.2.4. Region

List of Tables

Table 1: Global Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Table 2: Global Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Table 3: Global Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Table 4: Global Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Table 5: Global Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Table 6: Global Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Table 7: Global Industrial Gear Market, Volume Size and Forecast, By Region, Million Units, 2018 - 2030

Table 8: Global Industrial Gear Market, Value Size and Forecast, By Region, US$ Mn, 2018 - 2030

Table 9: North America Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Table 10: North America Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Table 11: North America Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Table 12: North America Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Table 13: North America Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Table 14: North America Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Table 15: North America Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Table 16: North America Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Table 17: Europe Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Table 18: Europe Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Table 19: Europe Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Table 20: Europe Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Table 21: Europe Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Table 22: Europe Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Table 23: Europe Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Table 24: Europe Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Table 25: Asia Pacific Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Table 26: Asia Pacific Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Table 27: Asia Pacific Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Table 28: Asia Pacific Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Table 29: Asia Pacific Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Table 30: Asia Pacific Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Table 31: Asia Pacific Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Table 32: Asia Pacific Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Table 33: Middle East & Africa Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Table 34: Middle East & Africa Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Table 35: Middle East & Africa Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Table 36: Middle East & Africa Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Table 37: Middle East & Africa Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Table 38: Middle East & Africa Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Table 39: Middle East & Africa Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Table 40: Middle East & Africa Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Table 41: South America Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Table 42: South America Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Table 43: South America Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Table 44: South America Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Table 45: South America Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Table 46: South America Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Table 47: South America Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Table 48: South America Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

List of Figures

Figure 1: Global Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Figure 2: Global Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Figure 3: Global Industrial Gear Market, Incremental Opportunity, By Product Type, US$ Mn, 2020 - 2030

Figure 4: Global Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Figure 5: Global Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Figure 6: Global Industrial Gear Market, Incremental Opportunity, By Application, US$ Mn, 2020 - 2030

Figure 7: Global Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Figure 8: Global Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Figure 9: Global Industrial Gear Market, Incremental Opportunity, By Distribution Channel, US$ Mn, 2020 - 2030

Figure 10: Global Industrial Gear Market, Volume Size and Forecast, By Region, Million Units, 2018 - 2030

Figure 11: Global Industrial Gear Market, Value Size and Forecast, By Region, US$ Mn, 2018 - 2030

Figure 12: Global Industrial Gear Market, Incremental Opportunity, By Region, US$ Mn, 2020 - 2030

Figure 13: North America Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Figure 14: North America Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Figure 15: North America Industrial Gear Market, Incremental Opportunity, By Product Type, US$ Mn, 2020 - 2030

Figure 16: North America Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Figure 17: North America Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Figure 18: North America Industrial Gear Market, Incremental Opportunity, By Application, US$ Mn, 2020 - 2030

Figure 19: North America Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Figure 20: North America Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Figure 21: North America Industrial Gear Market, Incremental Opportunity, By Distribution Channel, US$ Mn, 2020 - 2030

Figure 22: North America Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Figure 23: North America Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 24: North America Industrial Gear Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

Figure 25: Europe Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Figure 26: Europe Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Figure 27: Europe Industrial Gear Market, Incremental Opportunity, By Product Type, US$ Mn, 2020 - 2030

Figure 28: Europe Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Figure 29: Europe Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Figure 30: Europe Industrial Gear Market, Incremental Opportunity, By Application, US$ Mn, 2020 - 2030

Figure 31: Europe Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Figure 32: Europe Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Figure 33: Europe Industrial Gear Market, Incremental Opportunity, By Distribution Channel, US$ Mn, 2020 - 2030

Figure 34: Europe Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Figure 35: Europe Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 36: Europe Industrial Gear Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

Figure 37: Asia Pacific Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Figure 38: Asia Pacific Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Figure 39: Asia Pacific Industrial Gear Market, Incremental Opportunity, By Product Type, US$ Mn, 2020 - 2030

Figure 40: Asia Pacific Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Figure 41: Asia Pacific Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Figure 42: Asia Pacific Industrial Gear Market, Incremental Opportunity, By Application, US$ Mn, 2020 - 2030

Figure 43: Asia Pacific Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Figure 44: Asia Pacific Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Figure 45: Asia Pacific Industrial Gear Market, Incremental Opportunity, By Distribution Channel, US$ Mn, 2020 - 2030

Figure 46: Asia Pacific Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Figure 47: Asia Pacific Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 48: Asia Pacific Industrial Gear Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

Figure 49: Middle East & Africa Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Figure 50: Middle East & Africa Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Figure 51: Middle East & Africa Industrial Gear Market, Incremental Opportunity, By Product Type, US$ Mn, 2020 - 2030

Figure 52: Middle East & Africa Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Figure 53: Middle East & Africa Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Figure 54: Middle East & Africa Industrial Gear Market, Incremental Opportunity, By Application, US$ Mn, 2020 - 2030

Figure 55: Middle East & Africa Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Figure 56: Middle East & Africa Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Figure 57: Middle East & Africa Industrial Gear Market, Incremental Opportunity, By Distribution Channel, US$ Mn, 2020 - 2030

Figure 58: Middle East & Africa Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Figure 59: Middle East & Africa Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 60: Middle East & Africa Industrial Gear Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

Figure 61: South America Industrial Gear Market, Volume Size and Forecast, By Product Type, Million Units, 2018 - 2030

Figure 62: South America Industrial Gear Market, Value Size and Forecast, By Product Type, US$ Mn, 2018 - 2030

Figure 63: South America Industrial Gear Market, Incremental Opportunity, By Product Type, US$ Mn, 2020 - 2030

Figure 64: South America Industrial Gear Market, Volume Size and Forecast, By Application, Million Units, 2018 - 2030

Figure 65: South America Industrial Gear Market, Value Size and Forecast, By Application, US$ Mn, 2018 - 2030

Figure 66: South America Industrial Gear Market, Incremental Opportunity, By Application, US$ Mn, 2020 - 2030

Figure 67: South America Industrial Gear Market, Volume Size and Forecast, By Distribution Channel, Million Units, 2018 - 2030

Figure 68: South America Industrial Gear Market, Value Size and Forecast, By Distribution Channel, US$ Mn, 2018 - 2030

Figure 69: South America Industrial Gear Market, Incremental Opportunity, By Distribution Channel, US$ Mn, 2020 - 2030

Figure 70: South America Industrial Gear Market, Volume Size and Forecast, By Country, Million Units, 2018 - 2030

Figure 71: South America Industrial Gear Market, Value Size and Forecast, By Country, US$ Mn, 2018 - 2030

Figure 72: South America Industrial Gear Market, Incremental Opportunity, By Country, US$ Mn, 2020 - 2030

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Industrial Gear Market