Global Worm Gearing Market Growth 2023-2029

Global Worm Gearing Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Worm Gearing Industry Forecast” looks at past sales and reviews total world Worm Gearing sales in 2022, providing a comprehensive analysis by region and market sector of projected Worm Gearing sales for 2023 through 2029. With Worm Gearing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Worm Gearing industry.
This Insight Report provides a comprehensive analysis of the global Worm Gearing 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 Worm Gearing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Worm Gearing market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Worm Gearing 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 Worm Gearing.
The global Worm Gearing market size is projected to grow from US$ 253.7 million in 2022 to US$ 327.9 million in 2029; it is expected to grow at a CAGR of 327.9 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Worm Gearing market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Single Envelope Worm Gear
Double Envelope Worm Gear
Non-enveloping Worm Gear
Segmentation by application
Light Industry
Heavy Industry
Commercial
Automobile
Machine Tool
Medical
Ship (Marine Vessel)
Aerospace
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.
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 Design
KG STOCK GEARS

Key Questions Addressed in this Report
What is the 10-year outlook for the global Worm Gearing market?
What factors are driving Worm Gearing market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Worm Gearing market opportunities vary by end market size?
How does Worm Gearing 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.