Global Plastic Gears Market Size By Type (Spur Gears, Bevel Gears), By Application (Medical, Robotics), By Geographic Scope And Forecast
Report ID: 384101|No. of Pages: 202
Global Plastic Gears Market Size By Type (Spur Gears, Bevel Gears), By Application (Medical, Robotics), By Geographic Scope And Forecast
Plastic Gears Market Size And Forecast
Plastic Gears Market size was valued at USD 3,319.17 Million in 2023 and is projected to reach USD 4,607.93 Million by 2031, growing at a CAGR of 4.14 % from 2024 to 2031.
Growing demand from automotive industry and lightweight design requirements and cost-effectiveness are the factors driving market growth. The Global Plastic Gears Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Plastic Gears Market Definition
Plastic gears are mechanical components made from various polymers, providing an alternative to traditional metal gears. These gears are crucial in transmitting motion and power within machinery, offering unique advantages due to the properties of plastic materials. The term “plastic gear” includes a range of gear types and configurations manufactured from plastics, such as nylon, acetyl, polyethylene, and polycarbonate.
Plastic gears are defined by their composition of high-performance polymers engineered to meet specific mechanical requirements. These materials are highly durable and resistant to wear, making them suitable for diverse applications across industries. Unlike metal gears, plastic gears offer benefits such as low weight, corrosion resistance, and decreased noise during operation. Plastic gears are a crucial component of aerospace or automotive engineering industries, where weight is critical. The lightweight nature of plastic gears contributes to fuel efficiency and overall performance. Additionally, plastic gears are corrosion-resistant, making them ideal for applications in challenging environments where exposure to moisture or chemicals is a concern.
Plastic gears are crucial in the automotive industry in various automotive systems, including power windows, windshield wipers, and HVAC systems. Their corrosion resistance and ability to dampen noise make them suitable for these applications. Furthermore, plastic gears are commonly employed in Medical, where their lightweight and noise-reduction properties are advantageous. Devices like printers, cameras, and home appliances often incorporate plastic gears to enhance performance and durability.
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Global Plastic Gears Market Overview
The market for plastic gears has grown significantly, mainly due to the automotive industry. One major trend in fuel efficiency has been the need for vital, lightweight components, including gears. Since plastic gears are lightweight and precise, they are being used more frequently in consumer electronics such as printers and cameras due to the ongoing shrinking of electronic equipment.
The increasing demand for lightweight and fuel-efficient vehicles is expected to drive considerable expansion in the world wide Plastic Gears Market in the forecasted years. As plastic gears are lighter, produce less noise and vibration, and function better than traditional metal gears, the car industry is using them more and more. Plastic gears help reduce weight without sacrificing performance because they are much lighter than their metal counterparts. Because plastic gears are lighter overall, they improve a vehicle’s fuel efficiency. This is especially important as the automotive industry moves toward electric and hybrid cars, as each kilogram saved directly impacts the vehicle’s range and energy consumption. Automotive applications such as power windows, windshield wipers, and HVAC systems frequently use plastic gears.
The need for lightweight designs and affordability are interconnected elements propelling the worldwide plastic gears industry. Lightweight design is essential for the automotive and aerospace industries to increase fuel efficiency. Since plastic gears are lighter than their metal equivalents, they help cars and airplanes weigh less overall. Due to consumer demand for economical and environmentally friendly solutions, automakers and aircraft manufacturers have prioritized improving fuel efficiency. Plastic gears is essential for reaching weight loss objectives. However, limitations associated with plastic gears, such as limited load carrying capacity over metal, concern regarding chemical, wear and abrasion concern, high cost of initial mold to develop tooth form, and dimensional instabilities due to a more significant coefficient of thermal expansion and moisture absorption restrains the growth of the Plastic Gears Market.
Global Plastic Gears Market Segmentation Analysis
The Global Plastic Gears Market is segmented on the basis of Type, Application, and Geography.
Plastic Gears Market, By Type
- Spur Gears
- Bevel Gears
- Worm Gears
- Helical Gears
- Rack And Pinion Gears
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Based on Type, the market is segmented into Spur Gears, Bevel Gears, Worm Gears, Helical Gears, and Rack And Pinion Gears. The Global Plastic Gears Market is experiencing a scaled level of attractiveness in the “Type” segment. The Global Plastic Gears Market is experiencing a scaled level of attractiveness in the Spur Gears segment. Spur Gears accounted for the largest market share of 31.41% in 2023, with a market value of USD 1,042.47 Million and is projected to grow at the highest CAGR of 4.59% during the forecast period. Bevel Gears was the second-largest market in 2023, valued at USD 752.54 Million in 2023; it is projected to grow at a CAGR of 3.72%.
Plastic spur gears are an essential type of mechanical parts widely used in power transmission machinery and systems. Instead of metal equivalents, these gears are made of engineered polymers, such as nylon, acetal, or polyethylene. Their arrangement of straight teeth that run parallel to the rotational axis of the gear, providing an easy-to-use and efficient mode of power transfer, is one of their distinguishing features. These gears benefit from several advantages that come with the selection of plastic materials. Their low weight makes them suitable for uses where reducing total weight is essential. Furthermore, these polymers frequently show resistance to corrosion, which makes plastic spur gears durable in a variety of environmental settings.
Plastic Gears Market, By Application
- Automotive
- Industrial Equipment
- Consumer Electronics
- Medical
- Robotics
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Based on Application, the market is segmented into Automotive, Industrial Equipment, Consumer Electronics, Medical, and Robotics. The Global Plastic Gears Market is experiencing a scaled level of attractiveness in the Automotive segment. Automotive accounted for the largest market share of 31.75% in 2023, with a market value of USD 1,053.96 Million and is projected to grow at a CAGR of 4.37% during the forecast period. Industrial Equipment was the second-largest market in 2023, valued at USD 844.74 Million in 2023; it is projected to grow at a CAGR of 4.03%. However, Consumer Electronics is projected to grow at the highest CAGR of 4.84%.
Plastic gears play an essential part in many automotive applications, helping to improve the efficiency, functionality, and overall performance of modern automobiles. Plastic gears are becoming more popular in the automobile sector due to their unique benefits and versatility. Plastic gears are widely used in the automotive industry, particularly in the steering system. Plastic gears are often used in the rack and pinion mechanism, which converts rotational motion from the steering wheel to linear motion to control the movement of the vehicle’s wheels. The lightweight nature of plastic gears in this application helps reduce the vehicle’s overall weight, which contributes to better fuel efficiency.
Plastic Gears Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
Based on Geography, the Global Plastic Gears Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East And Africa. The Global Plastic Gears Market is experiencing a scaled level of attractiveness in the Asia Pacific region. Asia Pacific accounted for the largest market share of 34.75% in 2023, with a market value of USD 1,153.34 Million and is projected to grow at the highest CAGR of 4.85% during the forecast period. North America was the second-largest market in 2023, valued at USD 942.04 Million in 2023; it is projected to grow at a CAGR of 4.01%.
In the scope of this report, Asia Pacific (APAC) comprises countries such as China, India, Japan, and the Rest of APAC. The automobile sector in nations such as Japan, China, and South Korea is a significant driver of the plastic gear market. Lightweighting trends, driven by the desire to improve fuel efficiency and reduce emissions, help to increase the use of plastic gears in automobiles. The APAC area is a significant producer and consumer of electronics. Plastic gears are widely utilized in electronic equipment and appliances. The rise of these industries may impact the demand for plastic gears. Plastic gears have a wide range of uses in industrial machines. Expanding manufacturing and industrial activity in APAC countries may increase demand for plastic gears in automation, Consumer Electronics, and Robotics industries.
Key Players
The “Global Plastic Gears Market” is highly fragmented with the presence of a large number of players in the Market. The major players in the market include Unimolding Rubber & Plastic Parts Co., Ltd., KHK Gears, Dobond (Shanghai) Precision Machinery Co., Ltd, Xiamen Neway Rubber & Plastic Products Co., Ltd., AmTech International, Designatronics Inc., Winzeler Gear, Essentra Components, Rush Gear, IMS Gears. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Hummus benchmarking and SWOT analysis.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the segment that is majorly leading in the Global Plastic Gears Market. We cover the major impacting factors that are responsible for driving the industry growth in the given geography.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Plastic Gears Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Unimolding Rubber & Plastic Parts Co., Ltd., KHK Gears, Dobond (Shanghai) Precision Machinery Co., Ltd, Xiamen Neway Rubber & Plastic Products Co., Ltd., AmTech International. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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