LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global industrial girth gear market size and it is poised to grow by USD 23.97 million during 2020-2024, progressing at a CAGR of almost 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
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Based on segmentation by end-user, which is the leading segment in the market?
Cement industry is the leading segment in the market. -
What are the major trends in the market?
Growing investments in solid waste management is one of the key trends driving the market growth. -
At what rate is the market projected to grow?
The market is expected to grow at a CAGR of almost 1% during the forecast period. -
Who are the top players in the market?
Ashoka Machines Tools Corp., DB Santasalo Sarl, FLSmidth & Co. A/S, Kumera Corp., Nippon Chuzo K.K., P. van der Wegen Gears, SEW-EURODRIVE GmbH & Co KG, Siemens AG, SYMMEN, and The KCP Limited are some of the major market participants. -
What are the key market drivers?
Improvement in girth gear manufacturing technologies is one of the key factors propelling the industrial girth gear market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Ashoka Machines Tools Corp., DB Santasalo Sarl, FLSmidth & Co. A/S, Kumera Corp., Nippon Chuzo K.K., P. van der Wegen Gears, SEW-EURODRIVE GmbH & Co KG, Siemens AG, SYMMEN, and The KCP Limited are some of the major market participants. The improvement in girth gear manufacturing technologies will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Industrial Girth Gear Market 2020-2024: Segmentation
Industrial Girth Gear Market is segmented as below:
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End-user
- Cement
- Mining
- Chemical And Petrochemicals
- Metal Fabrication
- Others
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Geographic Landscape
- APAC
- Europe
- North America
- MEA
- South America
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Industrial Girth Gear Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial girth gear market report covers the following areas:
- Industrial Girth Gear Market Size
- Industrial Girth Gear Market Trends
- Industrial Girth Gear Market Industry Analysis
This study identifies the growing investments in solid waste management as one of the prime reasons driving the Industrial Girth Gear Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Industrial Girth Gear Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist industrial girth gear market growth during the next five years
- Estimation of the industrial girth gear market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial girth gear market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial girth gear market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Force Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Cement - Market size and forecast 2019-2024
- Mining - Market size and forecast 2019-2024
- Chemical and petrochemicals - Market size and forecast 2019-2024
- Metal fabrication - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver – demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ashoka Machines Tools Corp.
- DB Santasalo Sarl
- FLSmidth & Co. A/S
- Kumera Corp.
- Nippon Chuzo K.K.
- P. van der Wegen Gears
- SEW-EURODRIVE GmbH & Co KG
- Siemens AG
- SYMMEN
- The KCP Limited
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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