Worm Gearing Market to Bang 3.6% Growth Rate to Reach USD 309.5 Mn by 2027

The global Worm Gearing market was valued at US$ 274 million in 2019 and it is expected to reach US$ 309.5 million by the end of 2026, growing at a CAGR of 3.6% during 2021-2026.

In this report worm gearing includes worm and worm gears, also called worm screw and worm wheel. Worms and worm gears are gear sets that offer high gear reduction and torque multiplication with a small footprint. A worm drive is a cylindrical gear with a shallow spiral thread that engages the worm gear in a non-intersecting, perpendicular axes configuration. Efficiency of a worm drive is determined by the lead angle and the number of threads in contact with the worm gear. A high lead angle on the drive reduces frictional losses and heat. A low lead angle reduces gear speed while proportionally increasing torque. Friction is an issue with all worm sets; the worm gear cannot transfer motion back to the worm drive in most instances. Lubrication and ground teeth both contribute to the sets’ overall silence while minimizing friction. Worm gear sets are usually produced in pairs due to their precision.

This market has witnessed growth owing to increased demand in industrial, commercial fields. Increased investment in Worm Gearing by leading companies is expected to favourably impact market growth over the forecast period. The Asia Pacific is expected to be the fastest-growing market over the forecast period. Worm Gearing is becoming more indispensable in emerging markets. APAC countries such as China, India currently have a low penetration rate but are expected to emerge as an attractive opportunity for vendors to venture during this period. For the Worm Gearing industry, the market is low concentrated. Franz Morat, Zahnradfertigung OTT, KHK Kohara Gear Industry are the leading companies globally and are trying to expand their market share. In this study, the sales market for Worm Gearing was divided into five geographic regions. Asia-Pacific occupied the largest sales market share with 41% in 2019. It is followed by Europe and North America.

Global Worm Gearing Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Worm Gearing Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Framo Morat, Zahnradfertigung OTT, KHK Kohara Gear Industry, CAPT, Designatronics, Renold, Yongxin Jixie, Shangwei Chuandong, Dongguan Sanma, iHF, OGIC, AmTech, Essor Precision Machinery, Gear Motions, Martin Sprocket & Gear, Precision Gears, WELTER Zahnrad, WM Berg, PIC Desi KG STOCK GEARS and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-worm-gearing-market-research-report

Segment by Type

  • Single Envelope Worm Gear
  • Double Envelope Worm Gear
  • Non-enveloping Worm Gear

Segment by Application

  • Light Industry
  • Heavy Industry
  • Commercial
  • Automobile
  • Machine Tool
  • Medical
  • Ship (Marine Vessel)
  • Aerospace
  • Others

Table of Content:

1 Worm Gearing Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Worm Gearing Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Worm Gearing Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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Contact Person: Shirish Gupta

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