PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1403532
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1403532
Single Envelope Worm Gear Market Forecasts to 2030 - Global Analysis By Type, End User and by Geography
According to Stratistics MRC, the Global Single Envelope Worm Gear Market is growing at a CAGR of 4.2% during the forecast period. One kind of mechanical gear system that is renowned for its effectiveness and small size is the single-envelope worm gear. A more streamlined and space-efficient mechanism is made possible by the shared enveloping surface between the worm gear and the worm wheel in this arrangement. By reducing friction and wear, the single-envelope design improves the gear's ability to support loads and offers smoother operation. Furthermore, single-envelope worm gears are used in many different industries, especially when high torque requirements and space restrictions are important factors.
According to the International Federation of Robotics (IFR), the utilization of collaborative robots, or cobots, is steadily increasing in various sectors such as manufacturing, healthcare, and logistics. This collaborative approach between humans and robots, facilitated by advanced technologies, is reshaping traditional work environments and enhancing overall productivity and safety.
Market Dynamics:
Driver:
Efficient and room-sparing architecture
The small size and space-saving design of Single Envelope Worm Gear is a major factor propelling the market. The gear is favored in applications where spatial constraints are critical because of its capacity to operate at peak efficiency while taking up the least amount of space. Moreover, the Single Envelope Worm Gear's effective use propels its adoption in industries like robotics and automotive that has limited installation space.
Restraint:
Restricted rapidity and effectiveness
The lower speed capabilities of single-envelope worm gears in comparison to other gear types are a major barrier to their widespread use. Applications requiring rapid and continuous motion may find the gear design less suitable, as it may result in lower efficiency at higher speeds. Additionally, this restriction presents a problem for sectors of the economy where quick turnaround times are crucial.
Opportunity:
Technological developments in lubrication
Single-envelope worm gear efficiency can be increased and friction can be decreased thanks to ongoing advancements in lubrication technologies. Furthermore, especially in industries where accurate and effective motion control is essential, developing and implementing high-performance lubricants can increase gear reliability, lower maintenance needs, and expand the range of applications.
Threat:
Alternative gear technologies competition
The market for single-envelope worm gears is facing significant challenges from competing gear technologies, including helical, bevel, and planetary gears. Moreover, the market share of single-envelope worm gears may be threatened by alternative solutions that provide particular benefits in terms of speed, efficiency, and cost-effectiveness.
COVID-19 Impact:
The Single Envelope Worm Gear market was greatly affected by the COVID-19 pandemic because it caused worldwide disruptions in manufacturing, supply chains, and economic activity, which in turn caused demand to slow down. Additionally, gear system implementation was hampered by the uncertainty and financial strains that industries experienced during lockdowns and other restrictive measures, which led to postponed capital expenditures. While the pandemic highlighted the value of automation and efficiency in some industries, production, distribution, and project timeliness faced difficulties across the board.
The Stainless Steel Worm Gear segment is expected to be the largest during the forecast period
The stainless steel worm gear segment has the largest market share. Superior corrosion resistance, exceptional durability, and suitability for a wide range of industrial applications are the reasons behind stainless steels dominance. Stainless steel worm gears are a dependable option in industries like food processing, pharmaceuticals, and marine applications because they are favored in settings where resistance to rust, corrosion, and harsh chemicals is essential. Furthermore, the substance is well-liked because of its strong strength-to-weight ratio and low maintenance needs, which offer a reliable and durable solution for accurate motion control across a range of industries.
The Aerospace segment is expected to have the highest CAGR during the forecast period
The aerospace segment is growing at the highest CAGR. Worm gears and other advanced motion control solutions are in high demand due to the aerospace industry's growing emphasis on lightweight, high-performance materials and precision components. Worm gears are widely used in vital aerospace systems, including control surfaces, actuation systems, and landing gear mechanisms. Moreover, worm gears are becoming more and more important in the aerospace industry due to the sector's strict requirements for durability, precision, and dependability.
Region with largest share:
The region with the largest market share for single-envelope worm gear is the Asia-Pacific region. Strong industrialization is the driving force behind Asia-Pacific's dominance, especially in nations like China, India, Japan, and South Korea. The manufacturing, machinery, and automotive industries in these countries are expanding significantly, and these industries heavily rely on precise motion control components like single-envelope worm gears. Additionally, the increasing demand for these gears is a result of the region's expanding aerospace and automotive industries, as well as its burgeoning infrastructure projects.
Region with highest CAGR:
The Single Envelope Worm Gear market has the highest CAGR in the Europe region. Europe's robust industrial machinery, aerospace, and automotive sectors-all of which depend heavily on accurate and dependable motion control components-are driving the continent's growth. European nations, such as Germany, France, and the UK, are leading the way in technological innovation and are seeing a rise in the use of automation and advanced manufacturing techniques. Furthermore, the need for single-envelope worm gears is further fueled by the focus on efficiency and sustainability in manufacturing processes.
Key players in the market:
Some of the key players in Single Envelope Worm Gear market include Renold plc, Bonfiglioli Riduttori S.p.A, Sumitomo Heavy Industries, Ltd, David Brown Santasalo, Siemens AG, ABB Ltd, NORD Drivesystems, Brevini Power Transmission S.p.A, Hansen Industrial Transmissions NV, Altra Industrial Motion Corp and Timken Company.
Key Developments:
In December 2023, Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Riduttori S.p.A., a global leader in power transmission & drive solutions, opened a 42,500 sq. mtr high-tech, smart assembly facility in Pune The state-of-art-facility commenced operation from 29th November, sets-up with an investment of INR 1 Billion.
In December 2023, Siemens announced that Siemens AG, based in Germany, will purchase an 18 percent stake in the company from Siemens Energy Holding BV at a rate of ₹2952.86 per share, on December 1. This price reflects a discount of 21.32 percent compared to the last closing price. This development follows a previous statement in which Siemens AG expressed its intention to enter into a share purchase agreement with Siemens Energy for acquiring the stake in its Indian subsidiary.
In January 2023, Japan's Sumitomo Heavy Industries, the majority owner of Link-Belt Cranes and HSC Cranes, has concluded its agreement with Hitachi Construction Machinery to acquire its 34 percent stake in Sumitomo Heavy Industries Construction Cranes/ HSC, thus converting it into a wholly owned Sumitomo subsidiary. The deal was originally agreed at the end of November.
Types Covered:
- Stainless Steel Worm Gear
- Cast Iron Worm Gear
- Aluminum Worm Gear
- Other Types
End Users Covered:
- Automotive
- Aerospace
- Industrial Machinery
- Oil & Gas
- Power Generation
- Manufacturing
- Construction
- Mining
- Agriculture
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Single Envelope Worm Gear Market, By Type
- 5.1 Introduction
- 5.2 Stainless Steel Worm Gear
- 5.3 Cast Iron Worm Gear
- 5.4 Aluminum Worm Gear
- 5.5 Other Types
6 Global Single Envelope Worm Gear Market, By End User
- 6.1 Introduction
- 6.2 Automotive
- 6.3 Aerospace
- 6.4 Oil & Gas
- 6.5 Power Generation
- 6.6 Construction
- 6.7 Mining
- 6.8 Agriculture
- 6.9 Other End Users
7 Global Single Envelope Worm Gear Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Renold plc
- 9.2 Bonfiglioli Riduttori S.p.A
- 9.3 Sumitomo Heavy Industries, Ltd
- 9.4 David Brown Santasalo
- 9.5 Siemens AG
- 9.6 ABB Ltd
- 9.7 NORD Drivesystems
- 9.8 Brevini Power Transmission S.p.A
- 9.9 Hansen Industrial Transmissions NV
- 9.10 Altra Industrial Motion Corp
- 9.11 Timken Company
List of Tables
- Table 1 Global Single Envelope Worm Gear Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Single Envelope Worm Gear Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Single Envelope Worm Gear Market Outlook, By Stainless Steel Worm Gear (2021-2030) ($MN)
- Table 4 Global Single Envelope Worm Gear Market Outlook, By Cast Iron Worm Gear (2021-2030) ($MN)
- Table 5 Global Single Envelope Worm Gear Market Outlook, By Aluminum Worm Gear (2021-2030) ($MN)
- Table 6 Global Single Envelope Worm Gear Market Outlook, By Other Types (2021-2030) ($MN)
- Table 7 Global Single Envelope Worm Gear Market Outlook, By End User (2021-2030) ($MN)
- Table 8 Global Single Envelope Worm Gear Market Outlook, By Automotive (2021-2030) ($MN)
- Table 9 Global Single Envelope Worm Gear Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 10 Global Single Envelope Worm Gear Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 11 Global Single Envelope Worm Gear Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 12 Global Single Envelope Worm Gear Market Outlook, By Construction (2021-2030) ($MN)
- Table 13 Global Single Envelope Worm Gear Market Outlook, By Mining (2021-2030) ($MN)
- Table 14 Global Single Envelope Worm Gear Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 15 Global Single Envelope Worm Gear Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 16 North America Single Envelope Worm Gear Market Outlook, By Country (2021-2030) ($MN)
- Table 17 North America Single Envelope Worm Gear Market Outlook, By Type (2021-2030) ($MN)
- Table 18 North America Single Envelope Worm Gear Market Outlook, By Stainless Steel Worm Gear (2021-2030) ($MN)
- Table 19 North America Single Envelope Worm Gear Market Outlook, By Cast Iron Worm Gear (2021-2030) ($MN)
- Table 20 North America Single Envelope Worm Gear Market Outlook, By Aluminum Worm Gear (2021-2030) ($MN)
- Table 21 North America Single Envelope Worm Gear Market Outlook, By Other Types (2021-2030) ($MN)
- Table 22 North America Single Envelope Worm Gear Market Outlook, By End User (2021-2030) ($MN)
- Table 23 North America Single Envelope Worm Gear Market Outlook, By Automotive (2021-2030) ($MN)
- Table 24 North America Single Envelope Worm Gear Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 25 North America Single Envelope Worm Gear Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 26 North America Single Envelope Worm Gear Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 27 North America Single Envelope Worm Gear Market Outlook, By Construction (2021-2030) ($MN)
- Table 28 North America Single Envelope Worm Gear Market Outlook, By Mining (2021-2030) ($MN)
- Table 29 North America Single Envelope Worm Gear Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 30 North America Single Envelope Worm Gear Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 31 Europe Single Envelope Worm Gear Market Outlook, By Country (2021-2030) ($MN)
- Table 32 Europe Single Envelope Worm Gear Market Outlook, By Type (2021-2030) ($MN)
- Table 33 Europe Single Envelope Worm Gear Market Outlook, By Stainless Steel Worm Gear (2021-2030) ($MN)
- Table 34 Europe Single Envelope Worm Gear Market Outlook, By Cast Iron Worm Gear (2021-2030) ($MN)
- Table 35 Europe Single Envelope Worm Gear Market Outlook, By Aluminum Worm Gear (2021-2030) ($MN)
- Table 36 Europe Single Envelope Worm Gear Market Outlook, By Other Types (2021-2030) ($MN)
- Table 37 Europe Single Envelope Worm Gear Market Outlook, By End User (2021-2030) ($MN)
- Table 38 Europe Single Envelope Worm Gear Market Outlook, By Automotive (2021-2030) ($MN)
- Table 39 Europe Single Envelope Worm Gear Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 40 Europe Single Envelope Worm Gear Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 41 Europe Single Envelope Worm Gear Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 42 Europe Single Envelope Worm Gear Market Outlook, By Construction (2021-2030) ($MN)
- Table 43 Europe Single Envelope Worm Gear Market Outlook, By Mining (2021-2030) ($MN)
- Table 44 Europe Single Envelope Worm Gear Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 45 Europe Single Envelope Worm Gear Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 46 Asia Pacific Single Envelope Worm Gear Market Outlook, By Country (2021-2030) ($MN)
- Table 47 Asia Pacific Single Envelope Worm Gear Market Outlook, By Type (2021-2030) ($MN)
- Table 48 Asia Pacific Single Envelope Worm Gear Market Outlook, By Stainless Steel Worm Gear (2021-2030) ($MN)
- Table 49 Asia Pacific Single Envelope Worm Gear Market Outlook, By Cast Iron Worm Gear (2021-2030) ($MN)
- Table 50 Asia Pacific Single Envelope Worm Gear Market Outlook, By Aluminum Worm Gear (2021-2030) ($MN)
- Table 51 Asia Pacific Single Envelope Worm Gear Market Outlook, By Other Types (2021-2030) ($MN)
- Table 52 Asia Pacific Single Envelope Worm Gear Market Outlook, By End User (2021-2030) ($MN)
- Table 53 Asia Pacific Single Envelope Worm Gear Market Outlook, By Automotive (2021-2030) ($MN)
- Table 54 Asia Pacific Single Envelope Worm Gear Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 55 Asia Pacific Single Envelope Worm Gear Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 56 Asia Pacific Single Envelope Worm Gear Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 57 Asia Pacific Single Envelope Worm Gear Market Outlook, By Construction (2021-2030) ($MN)
- Table 58 Asia Pacific Single Envelope Worm Gear Market Outlook, By Mining (2021-2030) ($MN)
- Table 59 Asia Pacific Single Envelope Worm Gear Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 60 Asia Pacific Single Envelope Worm Gear Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 61 South America Single Envelope Worm Gear Market Outlook, By Country (2021-2030) ($MN)
- Table 62 South America Single Envelope Worm Gear Market Outlook, By Type (2021-2030) ($MN)
- Table 63 South America Single Envelope Worm Gear Market Outlook, By Stainless Steel Worm Gear (2021-2030) ($MN)
- Table 64 South America Single Envelope Worm Gear Market Outlook, By Cast Iron Worm Gear (2021-2030) ($MN)
- Table 65 South America Single Envelope Worm Gear Market Outlook, By Aluminum Worm Gear (2021-2030) ($MN)
- Table 66 South America Single Envelope Worm Gear Market Outlook, By Other Types (2021-2030) ($MN)
- Table 67 South America Single Envelope Worm Gear Market Outlook, By End User (2021-2030) ($MN)
- Table 68 South America Single Envelope Worm Gear Market Outlook, By Automotive (2021-2030) ($MN)
- Table 69 South America Single Envelope Worm Gear Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 70 South America Single Envelope Worm Gear Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 71 South America Single Envelope Worm Gear Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 72 South America Single Envelope Worm Gear Market Outlook, By Construction (2021-2030) ($MN)
- Table 73 South America Single Envelope Worm Gear Market Outlook, By Mining (2021-2030) ($MN)
- Table 74 South America Single Envelope Worm Gear Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 75 South America Single Envelope Worm Gear Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 76 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Country (2021-2030) ($MN)
- Table 77 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Type (2021-2030) ($MN)
- Table 78 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Stainless Steel Worm Gear (2021-2030) ($MN)
- Table 79 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Cast Iron Worm Gear (2021-2030) ($MN)
- Table 80 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Aluminum Worm Gear (2021-2030) ($MN)
- Table 81 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Other Types (2021-2030) ($MN)
- Table 82 Middle East & Africa Single Envelope Worm Gear Market Outlook, By End User (2021-2030) ($MN)
- Table 83 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Automotive (2021-2030) ($MN)
- Table 84 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 85 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 86 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 87 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Construction (2021-2030) ($MN)
- Table 88 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Mining (2021-2030) ($MN)
- Table 89 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 90 Middle East & Africa Single Envelope Worm Gear Market Outlook, By Other End Users (2021-2030) ($MN)
