Technological Transformations and New Product Innovations to Elevate Spur Gear Market

Business Industry Insights

Introduction

Spur gears are widely used in a number of machines, ranging from cars to household appliances. As spur gears are widely deployed across various machines, they must be built using easily fabricated, molded, strong and durable materials, such as plastics and metals.

Growing Lightweight Trend Propelling Manufactures to Adopt Customized Spur Gear Design

Growing trends pertaining to limited emissions and fuel saving have imposed more efficient energy exploitation regulations in various verticals of mechanical engineering. Manufacturers are increasingly adopting lightweight materials to comply with stringent emission-related regulations.

Furthermore, lightweight has become a primary aspect in all applications where the weight plays a crucial role in the overall performance of the system, such as the automotive sector. As geared power transmissions form the integral components in various mechanical systems, they are not excluded from the rapidly growing lightweight trend. The penetration of the lightweight trend in the spur gear market is likely to grow significantly in the near future.

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Expanding Horizons in Healthcare and Food Sectors

Spur gear is one of the simplest types of gears. It is the most often used gear in the market. Spur gears have straight teeth and are applied to change the force and speed of a rotating axle. They have a very simple structure, and hence, for substantial gear reductions, several spur gears are combined together to design complex machinery.

The demand for spur gear from various industries has soared significantly in the past few years, due to the growth in the industrial sector and rise in urbanization. China is now the largest cement producer in the global scenario, with India at the second position. Various multinational companies are looking towards the Asia Pacific region anticipating increased demand from the construction and the agriculture industry. The steady expansion in the construction industry will enhance the demand for its motor vehicles, in turn increasing the sales of spur gear.

Considerable growth in the automotive industry and the robust growth in automation in nearly every sector are the primary factors driving the spur gear market in the Asia Pacific region. The Chinese and the Indian manufacturing sector is exhibiting sturdy growth in the region. The manufacturers have inclined towards automation combined with the use of spur gear for increased efficiency and productivity. Some of the key market players in the spur gear market are

  • aton Corporation Plc.
  • Bharat Gears Limited
  • GKN Plc.
  • Showa Corporation
  • American Axle & Manufacturing Inc.
  • Linamar Corporation
  • NSK Limited
  • Univance Corporation
  • other prominent players.

Segments

  • Spur gear market is segmented on the basis of product type, material type, sales channel and region. The product types include
    • external spur gear,
    • internal spur gear,
  • material types, the spur gear market is classified into,
    • steel,
    • nylon,
    • aluminum,
    • bronze,
    • phenolic,
    • cast iron,
    • bakelite,
    • plastics and
    • other materials.
  • By sales channel, spur gear market can be categorized into two types,
    • OEM and
    • aftermarket

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