Global Plastic Gears Market Growth 2019-2024

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.

Plastic gears provide a number of advantages over metal gears. They have less weight, lower inertia, and run much quieter than their metal counterparts. Plastic gears often require no lubrication or can be compounded with internal lubricants such as PTFE or silicone. Plastic gears usually have a lower unit cost than metal gears, and can be designed to incorporate other features needed in the assembly (part consolidation). These gears are also resistant to many corrosive environments.

The first use of thermoplastic gears undoubtedly consisted of neat nylon and acetal gears carrying low loads at low speeds. As the advantages of using thermoplastic gears became clearer and new, higher performance materials became available, designers began using plastic gears in more demanding applications. The use of reinforcements and internal lubricants compounded into these materials has expanded their use even more.

Plastic gears have positioned themselves as serious alternatives to traditional metal gears in a wide variety of applications. Plastic gears provide a number of advantages over metal gears. They have less weight, lower inertia, and run much quieter than their metal counterparts. The main raw materials of plastic gears include PBT, nylon resin, POM, PET. In recent years, high-performance plastics developed rapidly (PEEK, PPS, FP, LCP, etc.). More and more high-performance plastic is used for plastic gears. However, the price of high-performance plastic is almost ten times the price of ordinary plastic or more. As a result, high-performance plastic gears have a smaller market share. However, high-performance plastic gears will be a direction for market development. Dupont, SABIC, Asahi Kasei, Polyplastics, Teijin, Mitsubishi, BASF, Ticona and LG are the leading producers of raw materials. Dupont has the world's most supply capacity.

According to this study, over the next five years the Plastic Gears market will register a 1.3% CAGR in terms of revenue, the global market size will reach US$ 3310 million by 2024, from US$ 3060 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Plastic Gears business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Gears market by product type, application, key manufacturers and key regions and countries.

This study considers the Plastic Gears value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
POM Plastic Gears
PBT Plastic Gears
Nylon Resin Plastic Gears
PET Plastic Gears
PC Plastic Gears
High Performance Plastics Gears
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automobile Industry
Electronic and Electrical Appliances
Industrial Equipment
Medical Industry
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Gleason
Designatronics
Winzeler Gear
AmTech International
IMS Gear
Rush Gears
Eurogear
Creative & Bright Group
Ningbo Tianlong Electronics
Essentra
Ningbo Hago Electronics
Nordex
Shuanglin Group
Kohara Gear Industry
OECHSLER
Nozag
Santomas Vietnam Joint - Stock Company
Framo Morat
Yeh Der Enterprise
Song Horng Precise Plastic

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Plastic Gears consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Plastic Gears market by identifying its various subsegments.
Focuses on the key global Plastic Gears manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Plastic Gears with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Plastic Gears submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.