Spur Gears Market Forecasts from 2023 to 2028

The spur gears market is estimated to grow at a CAGR of 5.7% during the forecast period.

Spur gears, also known as straight-cut gears, are a fundamental type of gear mechanism that has a simple design and provides efficient power transmission capabilities. Such gears are used in material handling equipment, electric screwdrivers, conveyor systems, and various other applications. The spur gears market size is experiencing significant growth driven by the increasing demand for industrial automation and electric vehicles.

Market Drivers:

Rising electric vehicle production bolsters the spur gears of market growth

Spur gears are essential components in electric drivetrains, enabling the conversion of motor power to the wheels. Their ability to deliver high torque and precise motion control makes them vital for e-vehicle applications. The growing shift towards sustainable fuel has increased electric vehicles' popularity, thereby propelling demand for reliable power transmission systems, which is contributing to the spur gears market growth. According to the International Energy Agency, the sales of electric cars, particularly PHEVs, witnessed remarkable growth in Europe, with numbers reaching 625,000 units in 2020. This figure experienced a significant surge in 2021, rising to an impressive 1,053,000 units.

Surging industrial automation drives the spur gear market expansion

Spur gears play a crucial role in transmitting rotational motion between parallel shafts with high precision and reliability. They are used in automated machinery, robotics, assembly lines, and other industrial applications where accurate motion control is essential. The boom in industrial automation has improved the spur gear's demand. For instance, the National Manufacturing Policy aims to increase the manufacturing sector's contribution to GDP from 15% to 25% by 2022, leading to heightened industrial investment which will drive the adoption of various technologies such as PLC-HMI, SCADA, DCS, and electrical drives.

Emerging aerospace and defence drives spur gear market growth

The spur gear market growth is heavily influenced by the booming aerospace and defence sector, with a particular emphasis on helicopter transmissions which depend on reliable transmission systems to enable vertical take-off and precise flight control. Spur gears are vital components in helicopter transmissions and with the growing helicopter production the demand for spur gears is also expected to increase. According to the General Aviation Manufacturers Associations, in 2022, the deliveries of piston helicopters saw a 7.2% increase compared to 2021, totalling 194 units. Additionally, civil-commercial turbine helicopters experienced an 8.2% increase, amounting to 738 units. The overall value of helicopter deliveries for 2022 reached approximately $4.5 billion, reflecting a notable 8.5% increase.

North America is anticipated to dominate the spur gears market

North America is projected to account for a significant market share owing to the rising electric vehicle production and advancements in industrial automation. For instance, in January 2022, United States Steel and Carnegie Foundry, a Pittsburgh-based robotics and AI studio, unveiled a strategic partnership and investment to propel industrial automation. With a focus on advanced robotics and artificial intelligence, the collaboration aims to accelerate and expand the adoption of automation in various industries. Additionally, as per the International Organization of Motor Vehicle Manufacturers, in 2022, Canada witnessed a 10% increase in its automotive production.

Market Challenge:

Alternative availability restrains the spur gear market growth.

The rapid advancement of technology has given rise to alternative gearing systems like helical gears, bevel gears, and planetary gears. These innovative solutions offer enhanced performance and efficiency tailored to specific applications, and as a consequence, there might be a potential reduction in the demand for traditional spur gears, which could impede the overall growth of the spur gear market. Industries seeking improved precision and higher torque capabilities may increasingly favour these alternative gear types. For instance, In August 2022, Dana Incorporated announced the launch of the Brevini EvoMax series, a range of helical and bevel-helical gearboxes designed specifically for marine and offshore applications.

Company Products

• Ground Spur Gears: Gear Motions, a leading provider of ground spur gears, offers a diverse range of options to cater to different requirements. Their ground spur gears are available in a diameter range of 0.5" to 21.7", with a maximum face width of 12.9". The pitch options for these gears span from 48 to 1.7 diametral pitch (DP), ensuring compatibility with various applications. In terms of quality, Gear Motions adheres to the AGMA (American Gear Manufacturers Association) Tolerance Q15, ensuring precise and reliable performance of their ground spur gears.
• External Pump Spur Gear: AmTech OEM specializes in the manufacturing of an external pump spur gear, designed specifically for a marine transmission customer. This heavy-duty spur gear plays a crucial role as a key component within a high-pressure, fluid-pumping assembly. With 29 precisions machined and ground gear teeth, this gear ensures optimal performance and reduced operational noise. The gear is manufactured to AGMA Level 8 specifications, emphasizing its high-quality standards and precision engineering.

Segmentation

By Type

• External Spur Gear
• Internal Spur Gear

By Material

• Aluminium
• Copper
• Steel
• Alloy Steel
• Carbon Steel
• Others

By Application

• Material Handling Equipment
• Electric Screwdriver
• Conveyor Systems
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Other