Worm Gear Drives Market Scope and Analysis Report by 2031
Worm Gear Drives Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 2,963.17 Million |
Market Size by 2030 | US$ 3,810.13 Million |
Global CAGR (2022 - 2030) | 3.2% |
Historical Data | 2020-2021 |
Forecast period | 2022-2030 |
Segments Covered |
By Operation Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Worm Gear Drives Market News and Recent Developments
The worm gear drives market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the worm gear drives market are listed below:
- Boston Gear introduced the next generation 700 Series Worm Gear Speed Reducer. The product SS700 Gen2, a stainless steel speed reducer, is an upgrade to its first-generation series that was utilized in the food and beverage industry. (Source: Boston Gear, Press Release, October 2023)
- NN, Inc., a global diversified industrial company, and Nylacast Automotive announced their collaboration for the manufacturing of electric power steering (EPS) worm wheels and worm shaft gearsets. (Source: NN, Inc, Press Release, November 2022)
Worm Gear Drives Market Report Coverage and Deliverables
The “Worm Gear Drives Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Worm gear drives market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Worm gear drives market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Worm gear drives market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the worm gear drives market
- Detailed company profiles