Conveyor Gears Market Growth, Size, Share, Trends, and Forecast 2032

Conveyor Gears Market Insights

According to the report published by Zion Market Research, the global Conveyor Gears Market size was valued at USD 9.10 Billion in 2023 and is predicted to reach USD 13.03 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.20% during the forecast period. The report analyzes the global Conveyor Gears Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Conveyor Gears Market industry.

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Global Conveyor Gears Market: Overview

The conveyor system is mechanical handling equipment that facilitates the movement of the materials from one place to another and has a wide range of applications in several industries which involves the transport of bulky and heavy materials. Conveyor gear is a mechanical rotating part of the conveyor system and provides torque. These gears play an essential role in the conveyor system and are connected directly to a chain or plane, roller, conveyor belt through a gearbox.

Global Conveyor Gears Market: Growth Factors

The global conveyor gears market is growing at a speedy rate. The rise in adoption of automation in industrial sectors, the growing need for conveyor systems in manufacturing lines, and expanding logistics sector are among the factors that are fostering the growth of the global conveyor gears market. Further, the popularity of the conveyors is growing significantly. In the civil and commercial business sectors including stadiums, shopping centers, and airports there is a rise in the implementation of conveyors. They are also popular in production plants, packaging as well as manufacturing industries.

This is so because the use of conveyors offers several benefits to the industries which include easy & safe transportation of materials from one location to another, increases the safety of the workplace owing to safeguards, failsafe & automation, and availability of numerous types of conveyor systems as per the user needs. Owing to all these factors there is tremendous demand for the conveyors which in turn is also spurring the demand for the conveyor gears. This is ultimately boosting the growth of the global market. Moreover, the increase in e-commerce activities and the rise in replacement sales of conveyor gears are also some of the major factors that are contributing to the growth of the market.

Furthermore, an increase in the need for continuous upgradation and replacement of the infrastructure may create lucrative opportunities for the growth of the global market over the forecast period. However, the conveyor gears are not suitable for large velocities and transmitting motion over a long distance. This may hinder the growth of the global conveyor gears market.

The outbreak of Covid-19 has affected most of the business sector across the world. Strict regulations such as nationwide lockdown, stay-at-home orders, and restrictions on movement were enforced to curb the spread of the infection. Hence, in the first and second quarter of the year 2020, the industries had to cease all their production activities. Moreover, the disruption in the distribution chain impacted the distribution of the product. Thus, a decline in the demand & supply of the conveyor gears was been experienced during the pandemic resulting in a slow growth rate of the global conveyor gears market.

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Global Conveyor Gears Market: Segmentation

The global conveyor gears market is categorized based on the conveyor system, gear type, design, end use, and region.

Based on the conveyor system, the global conveyor gears market is split into pallet conveyor system, roller conveyor system, belt conveyor system, overhead conveyor system, and chain conveyor system.

Based on the gear type, the global market is divided into spur, helical, planetary, worm, and bevel.

The design segment is classified into angles gears and parallel axis gears.

Based on the end use, the market is bifurcated into electronics, logistics & warehousing, food & beverage, automotive, manufacturing, and others.

Conveyor Gears Market: Report Scope

Global Conveyor Gears Market: Regional Analysis

Asia Pacific is predicted to hold the maximum share in terms of revenue in the global conveyor gears market during the forecast period. The presence of manufacturing industries on a large scale in countries like China, Japan, and India is the major factor that is propelling the growth of the market in this region. In addition to this, the rise in automation and growing demand for conveyor gears from the warehouse & logistic sector are also the factors that are boosting the growth of the market in Asia Pacific. North America and Europe are also estimated to contribute significantly to the growth of the market.

Global Conveyor Gears Market: Competitive Players

Some of the key participants that are operating in the global conveyor gears market include:

• Siemens AG
• Aisin Seiki Co., Ltd
• Magna International Inc
• Bondioli & Pavesi
• Valeo SA
• Sumitomo Heavy Industries, Ltd.
• Bonfiglioli Italia S.P.A
• Toyota Motor Corporation
• Dana Brevini
• Sew-Eurodrive.

The Global Conveyor Gears Market is segmented as follows:

By conveyor system 

• pallet conveyor system
• roller conveyor system
• belt conveyor system 
• overhead conveyor system 
• chain conveyor system

By gear type 

• spur 
• helical
• planetary 
• worm
• bevel 

By design 

• angles gears
• parallel axis gears 

By end use 

• electronics
• logistics & warehousing 
• food & beverage
• automotive
• manufacturing
• and others

Global Conveyor Gears Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.