New Study from StrategyR Highlights a $192.7 Billion Global Market for Gears, Drives and Speed Changers by 2026
Sep 28, 2021, 10:26 ET
SAN FRANCISCO, Sept. 28, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Gears, Drives and Speed Changers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 17; Released: April 2021
Executive Pool: 30171
Companies: 298 - Players covered include ABB Ltd.; Bharat Gears Ltd.; Bonfiglioli Riduttori S.P.A.; BorgWarner, Inc.; Bosch Rexroth AG; Cone Drive; Curtis Machine Company, Inc.; Danfoss Group; David Brown Santasalo; Eaton Corporation Plc; Emerson Electric Co., ; FLSmidth MAAG Gear; Horsburgh & Scott; Hub City, Inc.; Kanzaki Kokyukoki Manufacturing Co. Ltd.; Marine Gears, Inc.; Oerlikon Graziano; Rexnord Corp.; Schneider Electric; SEW Eurodrive; Siemens AG; Sumitomo Drive Technologies; Twin Disc, Inc.; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Automotive, Industrial, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Gears, Drives and Speed Changers Market to Reach $192.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Gears, Drives and Speed Changers estimated at US$153.7 Billion in the year 2020, is projected to reach a revised size of US$192.7 Billion by 2026, growing at a CAGR of 3.8% over the analysis period. Automotive, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$150.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $42.8 Billion in 2021, While China is Forecast to Reach $39.7 Billion by 2026
The Gears, Drives and Speed Changers market in the U.S. is estimated at US$42.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$39.7 Billion by the year 2026 trailing a CAGR of 6.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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