Helical Gear Reducers Market Size, Share, Growth, and Industry Growth, By Type (Parallel-axis Helical Gear Reducer, and Perpendicular-axis Helical Gear Reducer), By Application (Oil Industrial, Food and Beverage Industrial, Power Industrial, Mining Industrial, and Other Applications), Regional Forecast To 2031

Updated On: 08 April 2024

Helical Gear Reducers Market REPORT OVERVIEW

• 
• Request a Free sample to learn more about this report

The global helical gear reducers market size was USD 376.6 Million in 2021 and market is projected to touch USD 600.72 Million by 2031, exhibiting a CAGR of 4.8% during the forecast period.

Helical gear reducers are gear reducers that are produced with the use of helical gears, which are cylindrical gears whose teeth aren't parallel to the rotation axis. It is a significant component of the gearbox that controls the speed of vehicles. Helical gear reducers run more smoothly and quietly than other gear reducers and can carry heavy loads efficiently. Also, helical gear reducers are small and lightweight and have high power density. The market is divided into type and application segments. The type segment consists of parallel and perpendicular axis helical gear reducers.

Based on application, the market consists of oil, food & beverage, power, and mining industrial uses. There are several benefits of using helical gear reducers, such as easy and functional shaft mounting, minimum maintenance requirements, reliable performance, suitability for heavy duties, high speed and accuracy, surface hardness, and high transmission efficiency. It is easy to achieve coaxial drive with helical gears, a wide range of transmission ratios, and affordability.

COVID-19 Impact: Supply Chain Disruptions and Low Demand Impeded Market Growth

The supply chain disruptions in the helical gear reducers market and the low demand for the product impeded the market growth. With factory manufacturing and production processes shut, the industry was heavily impacted by losses during the pandemic, as the product market share declined in several key regions such as the U.S. and China. Low demand due to a halt in construction activities and lockdowns also posed consequences for the market, thus resulting in negative sales and revenue generation.

LATEST TRENDS

"Technological Innovations to Spur Market Growth and Record Profits"

The model and helical gearbox production provide many engineering and performance advantages that contain a high degree of interchangeability of components. This offers an advantageous economic construction while keeping the best standard of component integrity. These are the factors that will drive the product's market growth, thus leading to the generation of massive profits and revenues by leading players in the industry.

Helical Gear Reducers Market SEGMENTATION

• 
• Request a Free sample to learn more about this report

•  By Type

The market is categorized based on types into parallel-axis helical gear reducers and perpendicular-axis reducers.

• By Application

Based on applications, the market is subcategorized into oil industrial, food and beverage industrial, power industry, mining industrial, and other applications.

DRIVING FACTORS

"Technologically Advanced Features to Drive Market Growth"

Due to the engagement of their teeth, which cut to the face of the equipment at an angle, helical reducers run more smoothly than other types of gears and reducers. When two teeth begin to make contact, the contact is not finished immediately. The teeth gradually come into contact with the gear as it turns, eventually making full contact. The helical reducers can travel in either direction, and in either case, the two gears' rotational engagement with one another causes a helix to be formed by the curved tooth configurations. Therefore, the market for helical gear reducers will develop as a result of these causes.

"Several Uses in Industry Processes to Lead Market Growth"

Because of the thrust produced with the turning of helical gears, they are ideal for heavy loading operations and are frequently used in automation systems such as lifting or pulling. A motor or a machine can apply different types of speed reducers, such as spur gear reducers, worm reducers, and bevel gears. They are designed to control the speed and output of a system, but the usage may vary because of their distinctive features. Hence, these uses will drive market growth.

RESTRAINING FACTORS

"Increasing Raw Material Prices to Hamper Market Growth"

The increasing raw material prices and the global inflation will impede the helical reducers market growth. The plummeting shares worldwide, ongoing war in the European region, and the need for cheaper equipment parts due to high losses incurred during the past two years are the factors that will affect the market share of the product. Thus, leading industrial players should consider these factors before investing in the machine and the helical gear reducers market.

Helical Gear Reducers Market REGIONAL INSIGHTS

• 
• Request a Free sample to learn more about this report

"Europe to Lead Market Share Owing to Presence of Potential Players"

The European region will lead the helical gear reducers market share, as the region houses major industrial players in countries such as Italy, the U.K., and Germany. Developing countries will lead the market growth in the region, and the manufacturing and processing companies will direct the production growth. Thus, the region will see an exponential rise in the demand for helical reducers as innovations enter the market and drive the market growth and share in the worldwide industry and the European region.

KEY INDUSTRIAL PLAYERS

The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. The report also includes thorough research on companies, regions, technical and environmental outcomes, and newly emerging industries' impact and risks. The research considers all the points after a thorough analysis, thus generating future possibilities for the market. Europe will lead the industry growth with the highest market share.

List of Market Players Profiled

• Motovario (Italy)
• Brevini Power Transmission (Italy)
• Siemens (Germany)
• Bonfiglioli (Italy)
• Nidec-Shimpo (Japan)
• Boston Gear (U.S.)
• Stm Spa (China)
• Varvel (Italy)
• Renold (U.K.)
• Rossi (Italy)
• Yılmaz Reduktor (Istanbul)
• IPTS (U.S.)
• Bondioli & Pavesi (Czech Republic)
• Radicon (U.S.)
• Apex Dynamics (U.S.)
• Yingyi Transmission Machinery (China)
• S.C. Neptun (Romania)
• Bezares (Spain)

INDUSTRY DEVELOPMENT

January 2022: Nord Drivesystems presented its innovative technology solutions for the meat and poultry industry at the recently conducted IPPE 2022. The company launched smooth and efficient gear units, which are easy to clean and resist corrosion, are lightweight compared to stainless steel products, and require low maintenance. Thus, these factors are driving the company's market growth and share in the market.

REPORT COVERAGE

The report examines elements that affect the demand and supply factors and estimates dynamic market forces for the forecast period. It also offers drivers, restraints, the latest trends, and critical industrial developments. After evaluating financial and technical market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if leading players and analysis of market dynamics change. The information is an approximate estimation of the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation, key industry developments, and an analysis of risks in the hemoperfusion production industry.