Worldwide Gears Market Development And Its Applications

World Gears to 2013

World Gears to 2013

Global demand to climb 4.7% yearly through 2013

Worldwide demand for gears and gear assemblies is forecast to climb by 4.7 percent annually through 2013 to $169.5 billion. Market gains will be driven by rising motor vehicle production, ongoing economic growth, greater manufacturing output, and a shift in the product mix toward more expensive, energy-efficient units such as seven- and eight-speed automatic transmissions. Strong demand in relatively small but fast-growing markets like wind and solar energy will also contribute to gear sales advances. ( http://www.bharatbook.com/detail.asp?id=134291&rt=World-Gears.html )

Transmission gears to drive key motor vehicle market

Within the key motor vehicle market for gears, the large transmissions segment will grow at a faster rate than gears used in other motor vehicle applications through 2013. Gains in this segment will be bolstered by an upturn in motor vehicle output in the US, where more costly automatic transmissions are used in the vast majority of vehicles. Average per vehicle transmissions demand will also increase as these products become more complex and medium/heavy vehicle output outpaces that of light vehicles.

Machinery will remain the second largest gear market but will post somewhat slower gains. However, suppliers will benefit from industrialization activity in China and other developing parts of the world, fueling demand for gears used in construction and manufacturing machinery. Demand for gears used in all other applications -- which include everything from aerospace equipment, computer printers and home appliances to motorcycles, ships and solar energy systems -- will expand more quickly than either motor vehicle- or machinery-related product sales. Advances will be driven by growth in global economic activity and higher income levels.

Gear market in China to surpass Japan, US

Demand in developing parts of the Asia/Pacific region, Eastern Europe, the Africa/Mideast region, and the Americas will outpace product sales in the US, Western Europe and Japan. Developing world market gains will be fueled by healthy economic growth, continuing industrialization efforts and climbing personal income levels, resulting in higher motor vehicle and other manufacturing output. China is expected to account for one-third of all additional gear demand through 2013 and will surpass Japan to become the second largest national market behind the US. By 2018, total gear sales in China will exceed product demand in the US. Market growth is also expected to be healthy in Indonesia, Thailand, Iran and Russia.

Although advances will be less robust than in developing countries, gear product demand in the US and Western Europe will increase as well, spurred by renewed strength in motor vehicle output following a period of decline. Gear sales in Japan, on the other hand, will slow noticeably, negatively impacted by a drop in automotive industry production and continued sluggishness in capital equipment markets.

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