Conveyor Gears Market Size, Share, Growth Report 2032

Conveyor Gears Market

Conveyor Gears Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Heavy Industry Report Format : PDF Report Code: ZMR-6063 Status : Upcoming

The conveyor system is mechanical handling equipment that facilitates the movement of the materials from one place to another and has a wide range of applications in several industries which involves the transport of bulky and heavy materials. Conveyor gear is a mechanical rotating part of the conveyor system and provides torque. These gears play an essential role in the conveyor system and are connected directly to a chain or plane, roller, conveyor belt through a gearbox.

Description

Global Conveyor Gears Market: Overview

The conveyor system is mechanical handling equipment that facilitates the movement of the materials from one place to another and has a wide range of applications in several industries which involves the transport of bulky and heavy materials. Conveyor gear is a mechanical rotating part of the conveyor system and provides torque. These gears play an essential role in the conveyor system and are connected directly to a chain or plane, roller, conveyor belt through a gearbox.

Global Conveyor Gears Market: Growth Factors

The global conveyor gears market is growing at a speedy rate. The rise in adoption of automation in industrial sectors, the growing need for conveyor systems in manufacturing lines, and expanding logistics sector are among the factors that are fostering the growth of the global conveyor gears market. Further, the popularity of the conveyors is growing significantly. In the civil and commercial business sectors including stadiums, shopping centers, and airports there is a rise in the implementation of conveyors. They are also popular in production plants, packaging as well as manufacturing industries. This is so because the use of conveyors offers several benefits to the industries which include easy & safe transportation of materials from one location to another, increases the safety of the workplace owing to safeguards, failsafe & automation, and availability of numerous types of conveyor systems as per the user needs. Owing to all these factors there is tremendous demand for the conveyors which in turn is also spurring the demand for the conveyor gears. This is ultimately boosting the growth of the global market. Moreover, the increase in e-commerce activities and the rise in replacement sales of conveyor gears are also some of the major factors that are contributing to the growth of the market. Furthermore, an increase in the need for continuous upgradation and replacement of the infrastructure may create lucrative opportunities for the growth of the global market over the forecast period. However, the conveyor gears are not suitable for large velocities and transmitting motion over a long distance. This may hinder the growth of the global conveyor gears market.

The outbreak of Covid-19 has affected most of the business sector across the world. Strict regulations such as nationwide lockdown, stay-at-home orders, and restrictions on movement were enforced to curb the spread of the infection. Hence, in the first and second quarter of the year 2020, the industries had to cease all their production activities. Moreover, the disruption in the distribution chain impacted the distribution of the product. Thus, a decline in the demand & supply of the conveyor gears was been experienced during the pandemic resulting in a slow growth rate of the global conveyor gears market.

Global Conveyor Gears Market: Segmentation

The global conveyor gears market is categorized based on the conveyor system, gear type, design, end use, and region. Based on the conveyor system, the global conveyor gears market is split into pallet conveyor system, roller conveyor system, belt conveyor system, overhead conveyor system, and chain conveyor system. Based on the gear type, the global market is divided into spur, helical, planetary, worm, and bevel. The design segment is classified into angles gears and parallel axis gears. Based on the end use, the market is bifurcated into electronics, logistics & warehousing, food & beverage, automotive, manufacturing, and others.

Global Conveyor Gears Market: Regional Analysis

Asia Pacific is predicted to hold the maximum share in terms of revenue in the global conveyor gears market during the forecast period. The presence of manufacturing industries on a large scale in countries like China, Japan, and India is the major factor that is propelling the growth of the market in this region. In addition to this, the rise in automation and growing demand for conveyor gears from the warehouse & logistic sector are also the factors that are boosting the growth of the market in Asia Pacific. North America and Europe are also estimated to contribute significantly to the growth of the market.

Global Conveyor Gears Market: Competitive Players

Some of the key participants that are operating in the global conveyor gears market include Siemens AG, Aisin Seiki Co., Ltd, Magna International Inc, Bondioli & Pavesi, Valeo SA, Sumitomo Heavy Industries, Ltd., Bonfiglioli Italia S.P.A, Toyota Motor Corporation, Dana Brevini, and Sew-Eurodrive.

Global Conveyor Gears Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global conveyor gears market is growing at a speedy rate. The rise in adoption of automation in industrial sectors, the growing need for conveyor systems in manufacturing lines, and expanding logistics sector are among the factors that are fostering the growth of the global conveyor gears market. Furthermore, an increase in the need for continuous upgradation and replacement of the infrastructure may create lucrative opportunities for the growth of the global conveyor gears market over the forecast period.

Some of the key participants that are operating in the global conveyor gears market include Siemens AG, Aisin Seiki Co., Ltd, Magna International Inc, Bondioli & Pavesi, Valeo SA, Sumitomo Heavy Industries, Ltd., Bonfiglioli Italia S.P.A, Toyota Motor Corporation, Dana Brevini, and Sew-Eurodrive.

Asia Pacific is predicted to hold the maximum share in terms of revenue in the global conveyor gears market during the forecast period. The presence of manufacturing industries on a large scale in countries like China, Japan, and India is the major factor that is propelling the growth of the market in this region. In addition to this, the rise in automation and growing demand for conveyor gears from the warehouse & logistic sector are also the factors that are boosting the growth of the market in Asia Pacific.

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