Global Plastic Gears Market Growth 2023-2029

Global Plastic Gears Market Growth 2023-2029

Plastic gears have positioned themselves as serious alternatives to traditional metal gears in a wide variety of applications. The use of plastic gears has expanded from low power, precision motion transmission into more demanding power transmission applications. As designers push the limits of acceptable plastic gear applications, more is learned about the behavior of plastics in gearing and how to take advantage of their unique characteristics.

Plastic gears provide a number of advantages over metal gears. They have less weight, lower inertia, and run much quieter than their metal counterparts. Plastic gears often require no lubrication or can be compounded with internal lubricants such as PTFE or silicone. Plastic gears usually have a lower unit cost than metal gears, and can be designed to incorporate other features needed in the assembly (part consolidation). These gears are also resistant to many corrosive environments.

The first use of thermoplastic gears undoubtedly consisted of neat nylon and acetal gears carrying low loads at low speeds. As the advantages of using thermoplastic gears became clearer and new, higher performance materials became available, designers began using plastic gears in more demanding applications. The use of reinforcements and internal lubricants compounded into these materials has expanded their use even more.
LPI (LP Information)' newest research report, the “Plastic Gears Industry Forecast” looks at past sales and reviews total world Plastic Gears sales in 2022, providing a comprehensive analysis by region and market sector of projected Plastic Gears sales for 2023 through 2029. With Plastic Gears sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plastic Gears industry.
This Insight Report provides a comprehensive analysis of the global Plastic Gears landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Plastic Gears portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Plastic Gears market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic Gears and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plastic Gears.
The global Plastic Gears market size is projected to grow from US$ 424 million in 2022 to US$ 579.5 million in 2029; it is expected to grow at a CAGR of 579.5 from 2023 to 2029.
The major players in global Plastic Gears market include Vigor Precision Limited, IMS Gear, Creative & Bright Group, etc. The top 3 players occupy about 35% shares of the whole market. Asia Pacific and Europe are main markets, they occupy about 80% of the global market. POM Plastic Gears and Nylon Resin Plastic Gears are main types, with a share about 80%. Automobile Industry and Electronic and Electrical Appliances are main applications, which hold a share about 70%.
This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Gears market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
POM Plastic Gears
PBT Plastic Gears
Nylon Resin Plastic Gears
PET Plastic Gears
PC Plastic Gears
High Performance Plastics Gears
Others
Segmentation by application
Automobile Industry
Electronic and Electrical Appliances
Industrial Equipment
Medical Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Vigor Precision Limited
IMS Gear
Creative & Bright Group
San-Tohno Seimitsu Molding
Winzeler Gear
Oechsler AG
ZhongShang Sansei Precision
Plastic Molding Technology
Designatronics
Essentra
Shuanglin Group
Gleason
Kohara Gear Industry
Feng Hua Kedi Plastic Gear
Rush Gears
Seitz LLC
Ningbo Tianlong Electronics
AmTech International
Nozag AG
Shenzhen Huayida Plastic
Key Questions Addressed in this Report
What is the 10-year outlook for the global Plastic Gears market?
What factors are driving Plastic Gears market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Plastic Gears market opportunities vary by end market size?
How does Plastic Gears break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.