Asia Pacific Worm Gear Drives Market Forecast to 2030

At 4.1% CAGR, Asia Pacific Worm Gear Drives Market is Speculated to be Worth US$ 1,672.26 Million by 2030, says the Research Team

According to the Research Team’ research, the Asia Pacific worm gear drives market was valued at US$ 1,213.77 million in 2022 and is expected to reach US$ 1,672.26 million by 2030, registering a CAGR of 4.1% from 2022 to 2030. Growing elevator and escalator installations due to increasing construction activities and rise in adoption of robotics are among the critical factors attributed to drive the Asia Pacific worm gear drives market growth.

Worm gear drives are commonly used in elevators and escalators owing to their fast braking or stopping abilities. Moreover, their compact size and ratio render them suitable for these applications, they can stop and hold a weight and prevent a reverse motion. These technical advantages help regulate the elevator’s speed and prevent its elevator from a free fall. Growing elevator and escalator installations due to increased construction activities in developed and developing nations is one of the factors that is driving the demand for worm gear drives. Approximately half of the 7.8 billion people worldwide currently reside in cities and urban regions, with an additional 2.5 billion predicted to move in the next 20 to 25 years. In crowded places where empty lands are scarce, high-rise structures-especially residential ones-have shown to be advantageous. There is an increase in the number of high-rise buildings owing to population growth. Builders construct taller structures that can accommodate more individuals on a lesser footprint. The rising number of high-rise buildings is propelling the installation of elevators and escalators.

In India, increased disposable income and rapid urbanization have led to a surge in the need for housing. The subsequent growth in residential construction in the country has resulted in the construction of luxurious and high-rise buildings in the last couple of decades. Data published in the International Journal of Research Publication and Reviews, 2022, highlights that Mumbai (India’s commercial hub) is home to the majority of the country’s tallest structures. More than 2,500 tall buildings and thousands of mid-rise buildings have already been completed in the city. Delhi and its adjacent areas are witnessing huge construction efforts with ~1,500 previously built high rises. Thus, the increased trend of high-rise buildings in India has driven the elevator business, ultimately benefiting the worm gear drives market.

On the contrastingly, presence of alternative products hampers the growth of Asia Pacific worm gear drives market.

Based on operation type, the Asia Pacific worm gear drives market is bifurcated cylindrical worm gears and single and double enveloping worm gears. The cylindrical worm gears segment held 71.2% market share in 2022, amassing US$ 863.76 million. It is projected to garner US$ 1,208.11 million by 2030 to register 4.3% CAGR during 2022-2030.

In terms of product type, the Asia Pacific worm gear drives market is categorized into housed units, gearsets, and high speed worms. The gearsets segment held 45.8% share of Asia Pacific worm gear drives market in 2022, amassing US$ 555.79 million. It is projected to garner US$ 783.89 million by 2030 to expand at 4.4% CAGR from 2022 to 2030.

By material type, the Asia Pacific worm gear drives market is segmented into stainless steel, cast iron, aluminum, and others. The stainless steel segment held 31.0% share of Asia Pacific worm gear drives market in 2022, amassing US$ 376.69 million. It is estimated to garner US$ 491.28 million by 2030 to expand at 3.4% CAGR during 2022-2030.

Based on country, the Asia Pacific worm gear drives market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 29.8% share of Asia Pacific worm gear drives market in 2022. It was assessed at US$ 361.58 million in 2022 and is likely to hit US$ 538.30 million by 2030, registering a CAGR of 5.1% during 2022-2030.

Key players operating in the Asia Pacific worm gear drives market are Kohara Gear Industry Co Ltd, Tulsa Winch Inc, Nozag AG, The Timken Co, and Tracey Gear Inc., among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific worm gear drives market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific worm gear drives market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific worm gear drives market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Worm Gear Drives Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Asia Pacific Worm Gear Drives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increased Automotive Sales Globally
5.1.2 Growing Elevator and Escalator Installations Due to Increasing Construction Activities
5.2 Market Restraints
5.2.1 Presence of Alternative Products
5.3 Market Opportunities
5.3.1 Rise in Adoption of Robotics
5.4 Future Trends
5.4.1 Advancements in Worm Gear Manufacturing
5.5 Impact of Drivers and Restraints:
6. Worm Gear Drives Market – Asia Pacific Market Analysis
6.1 Worm Gear Drives Market Revenue (US$ Million), 2020-2030
6.2 Worm Gear Drives Market Forecast Analysis
7. Asia Pacific Worm Gear Drives Market Analysis – by Operation Type
7.1 Cylindrical Worm Gear
7.1.1 Overview
7.1.2 Cylindrical Worm Gear: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Single and Double Enveloping Worm Gear
7.2.1 Overview
7.2.2 Single and Double Enveloping Worm Gear: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Worm Gear Drives Market Analysis – by Product Type
8.1 Housed Units
8.1.1 Overview
8.1.2 Housed Units: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Gearsets
8.2.1 Overview
8.2.2 Gearsets: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
8.3 High Speed Worms
8.3.1 Overview
8.3.2 High Speed Worms: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Worm Gear Drives Market Analysis – by Material Type
9.1 Stainless Steel
9.1.1 Overview
9.1.2 Stainless Steel: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Cast Iron
9.2.1 Overview
9.2.2 Cast Iron: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Aluminum
9.3.1 Overview
9.3.2 Aluminum: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Worm Gear Drives Market – Country Analysis
10.1 Asia Pacific Market Overview
10.1.1 Asia Pacific: Worm Gear Drives Market – Revenue and Forecast Analysis – by Country
10.1.1.1 Asia Pacific: Worm Gear Drives Market – Revenue and Forecast Analysis – by Country
10.1.1.2 Australia: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Australia: Worm Gear Drives Market Breakdown, by Operation Type
10.1.1.2.2 Australia: Worm Gear Drives Market Breakdown, by Product Type
10.1.1.2.3 Australia: Worm Gear Drives Market Breakdown, by Material Type
10.1.1.3 China: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 China: Worm Gear Drives Market Breakdown, by Operation Type
10.1.1.3.2 China: Worm Gear Drives Market Breakdown, by Product Type
10.1.1.3.3 China: Worm Gear Drives Market Breakdown, by Material Type
10.1.1.4 India: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 India: Worm Gear Drives Market Breakdown, by Operation Type
10.1.1.4.2 India: Worm Gear Drives Market Breakdown, by Product Type
10.1.1.4.3 India: Worm Gear Drives Market Breakdown, by Material Type
10.1.1.5 Japan: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Japan: Worm Gear Drives Market Breakdown, by Operation Type
10.1.1.5.2 Japan: Worm Gear Drives Market Breakdown, by Product Type
10.1.1.5.3 Japan: Worm Gear Drives Market Breakdown, by Material Type
10.1.1.6 South Korea: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 South Korea: Worm Gear Drives Market Breakdown, by Operation Type
10.1.1.6.2 South Korea: Worm Gear Drives Market Breakdown, by Product Type
10.1.1.6.3 South Korea: Worm Gear Drives Market Breakdown, by Material Type
10.1.1.7 Rest of Asia Pacific: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.7.1 Rest of Asia Pacific: Worm Gear Drives Market Breakdown, by Operation Type
10.1.1.7.2 Rest of Asia Pacific: Worm Gear Drives Market Breakdown, by Product Type
10.1.1.7.3 Rest of Asia Pacific: Worm Gear Drives Market Breakdown, by Material Type
11. Competitive Landscape
11.1 Heat Map Analysis
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Kohara Gear Industry Co Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Tulsa Winch Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Nozag AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 The Timken Co
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Tracey Gear Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Worm Gear Drives Market Segmentation
Table 2. Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million) – by Operation Type
Table 4. Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 5. Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million) – by Material Type
Table 6. Asia Pacific: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 7. Australia: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Operation Type
Table 8. Australia: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Product Type
Table 9. Australia: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Material Type
Table 10. China: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Operation Type
Table 11. China: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Product Type
Table 12. China: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Material Type
Table 13. India: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Operation Type
Table 14. India: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Product Type
Table 15. India: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Material Type
Table 16. Japan: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Operation Type
Table 17. Japan: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Product Type
Table 18. Japan: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Material Type
Table 19. South Korea: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Operation Type
Table 20. South Korea: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Product Type
Table 21. South Korea: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Material Type
Table 22. Rest of Asia Pacific: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Operation Type
Table 23. Rest of Asia Pacific: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Product Type
Table 24. Rest of Asia Pacific: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million) – by Material Type

LIST OF FIGURES

Figure 1. Worm Gear Drives Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Worm Gear Drives Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Worm Gear Drives Market Revenue (US$ Million), 2020-2030
Figure 6. Worm Gear Drives Market Share (%) – by Operation Type (2022 and 2030)
Figure 7. Cylindrical Worm Gear: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Single and Double Enveloping Worm Gear: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Worm Gear Drives Market Share (%) – by Product Type (2022 and 2030)
Figure 10. Housed Units: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Gearsets: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. High Speed Worms: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Worm Gear Drives Market Share (%) – by Material Type (2022 and 2030)
Figure 14. Stainless Steel: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Cast Iron: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Aluminum: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Worm Gear Drives Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Asia Pacific Worm Gear Drives Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 19. Asia Pacific Worm Gear Drives Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 20. Australia: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. China: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. India: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Japan: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. South Korea: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Rest of Asia Pacific: Worm Gear Drives Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Heat Map Analysis, by Key Players
Figure 27. Company Positioning & Concentration