Future Market Insights

Plastic Gears Market: New Business Opportunities and Investment Research Report 2028


Valley Cottage, NY -- (SBWIRE) -- 07/15/2019 -- Plastic Gears Market: Introduction

A rotating part of machine which has cut teeth and meshed with other toothed part to transmit the torque is known as a gear. Gear produces change in torque which creates mechanical advantage for locomotion of machine. Plastic gears are becoming a popular alternate choice for traditional gears for various applications. The use of plastic gears has prolonged from less power, précised movement transmission into high power demanding transmission applications. As designers emphasize on product innovation for new application areas, more is recognized about the behavior of plastic gears and how to take advantage of their distinctive qualities. The plastic gear manufacturers are emphasizing on product innovation and advancement has led to the advancement of the plastic gears market. Plastic gears have number of unique characteristic properties, such as low maintenance cost, low noise production, corrosion resistant, vibration damping, low inertia due to light weight nature and manufacturing cost. Owing to such unique characteristics plastic gears have found there application in numerous industries such as electronic & electric appliances, automobile, medical & industrial equipment, chemical and food among others. Plastic gears are manufactured from various materials such as polyamide, polycarbonate, polyester, polyethylene, polyacetal, polyester etc.

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Plastic Gears Market: Dynamics

Developments and enhancement in selective areas and long fiber mixes have encouraged the utilization of plastic gears in a consumer electronic equipment & machines. Increasing consumer spending has increased consumption of electronic devices, which is positively impacting the plastic gear market. Automotive industry is the most evolving market for plastic gears. OEMs have compelled automotive manufacturers to utilize plastic instead of metal which benefits in keeping up light weight and less manufacturing cost. Widely, half of plastic is consumed by automobile manufacturers. Increasing automotive production will up surge the demand for plastic gears. Growing chemical industries, up rise in the demand for medical equipment due to advancement of medical science along with growth of food industry will boost the demand for plastic gears.

Plastic composite parts are thrice lighter than metal. Development to plastic parts can be fabricated easily using single molds and they don't need supplementary packaging. The unique properties of plastic gears are estimated to drive the growth of plastic gears market. Fluctuating raw material prices of plastic. Consideration of environmental conditions and frictional heat are drawbacks for plastic gears. Above mentioned factors will hinder the growth of plastic gears market.

Plastic Gears Market: Segmentation

Global Plastic Gears market can be segmented on the basis of its material type, core type, product type and end-use industry.

The global Plastic Gears market is segmented on the basis of its material type:

Polyamide 6
Polyamide 66
Calaumid 612
Calaumid 1200
Cast Polyamide 6 + Oil
The global Plastic Gears market is segmented on the basis of its core type:

Stainless Steel
The global Plastic Gear market is segmented on the basis of product type:

Spur Gears
Bevel Gears
Rack & Pinion
Miter Gears
Screw Gears
Worm Gears
The global Plastic Gears market is segmented on the basis of its end-use industry:

Electronic & electrical appliances
Medical Equipment
Food Production Machines
Chemical Equipment
Plastic Gears Market: Regional Outlook

High adoption rate of plastic gears owing to durability and low-cost has cumulatively increased the consumption of the electronic and electrical appliances in Asia Pacific region. Increasing automotive production and growth of chemical industry is estimated to make Asia Pacific a prominent market for plastic gears. In spite of being matured economies the regions such as Europe and North America will still be a potential market for plastic gears, due to the demand from automotive industry, followed by consumption of electronic and electrical appliances in medical and consumer durables. Manufacturers of plastic gears in Latin America are emphasizing on product innovation which will drive the growth plastic gear market in Latin America region.

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Plastic Gears Market: Key Participants

Examples of some of the market participants operating in the global Plastic Gears market are:

Kohara Gear Industry Co.,Ltd, Designatronics Inc., Gleason, Winzeler Gear, IMS Gear, Rush Gears, Euro Gear, Yeh Der Enterprise, Oechsler AG, Ningbo Tianlong Electronics and AmTech International among others.