United States Precision-Forged Gears Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US Precision-Forged Gears Market is experiencing significant growth, driven by the increasing demand from industries such as automotive, aerospace, and manufacturing. These gears are integral components in various machinery and engines, and their demand continues to rise as industries focus on improving efficiency, performance, and longevity of their products. As the market evolves, understanding the specific requirements of different industries can provide insights into the factors driving this growth.
Precision-forged gears are crafted through a highly specialized forging process, which ensures superior strength, durability, and dimensional accuracy compared to traditional cast gears. This process involves heating metal to a specific temperature before shaping it into gear forms, resulting in a product that is stronger and more reliable for high-stress applications. The automotive industry, in particular, has been a major contributor to the growth of the US Precision-Forged Gears Market, with an increasing need for gears in high-performance vehicles, electric vehicles, and hybrid systems.
Another key driver of this market is the aerospace sector, which requires highly precise and durable gears for aircraft engines and other critical systems. The aerospace industry demands high tolerance and precision, and precision-forged gears meet these needs effectively. These gears help ensure the smooth operation of aircraft systems under extreme conditions, providing both safety and efficiency.
Additionally, the manufacturing sector is also witnessing a rise in the adoption of precision-forged gears due to the need for high-quality parts in automated machinery and robotics. As automation technology continues to advance, there is a growing requirement for reliable and efficient gears to power these systems, making precision-forged gears essential for long-term success.
The US Precision-Forged Gears Market continues to evolve as technological advancements and industry requirements shift. Manufacturers are continually refining the forging process to enhance gear performance and cater to the ever-expanding demands of modern industries. As industries increasingly prioritize reliability and performance, the demand for precision-forged gears will only grow stronger, shaping the future of key sectors such as automotive, aerospace, and manufacturing.
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Eaton
NGC Gears
Mazak
IM Gears
Gleason
Horsburgh & Scott
Bharat Gears
RotoMetrics
Meritor
KHK Gears
Triveni Group
Amarillo Gear
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Precision-Forged Gears Market
Spur Gears
Helical Gears
Bevel Gears
Worm Gears
Crown Gears
Carbon Steel
Alloy Steel
Stainless Steel
Aluminium Alloys
Others
Hot Forging
Cold Forging
Precision Machining
Hybrid Forging
Automotive
Aerospace
Industrial Machinery
Electronics
Construction
Transmission Systems
Power Tools
Agricultural Equipment
Robotics
Medical Devices
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Precision-Forged Gears Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Precision-Forged Gears Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Precision-Forged Gears Market, By Type
6. US Precision-Forged Gears Market, By Application
7. US Precision-Forged Gears Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Precision-Forged Gears Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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