The global Plastic Gears market was valued at US$ 433 million in 2020 and it is expected to reach US$ 603 million by the end of 2027, growing at a CAGR of 2.0% during 2021-2027.
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.
Asia-Pacific is the largest region that controls over 65 percent of the market share by the number of the sales, and China has almost 70 percent of the market share in Asia-Pacific region. POM plastic gears have almost 65 percent of the market share by the product type in sales, and it is constantly increasing each year in a small range. Vigor Precision Limited, a Chinese company, is the largest player in the market, and the company controls over 35 percent of the market share in sales.
Global Plastic Gears Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Plastic Gears Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are 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 and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-plastic-gears-market-research-report
Segment by Type
- POM Plastic Gears
- PBT Plastic Gears
- Nylon Resin Plastic Gears
- PET Plastic Gears
- PC Plastic Gears
- High Performance Plastics Gears
- Others Gears
Segment by Application
- Automobile Industry
- Electronic and Electrical Appliances
- Industrial Equipment
- Medical Industry
Table of Content:
1 Plastic Gears Market Overview
2 Plastic Gears Market Competition by Manufacturers
3 Plastic Gears Retrospective Market Scenario by Region
4 Global Plastic Gears Historic Market Analysis by Type
5 Global Plastic Gears Historic Market Analysis by Application
6 Key Companies Profiled
7 Plastic Gears Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Plastic Gears Market Dynamics
10 Global Plastic Gears Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.