Power Tool Gears Market Gear Type (Bevel Gears, Spiral Gears, Others ), By Application(Grinding Machines, Drills, Hammers, Others), By End-Use(Manufacturing, Maintenance & Repairs, and other end users), and by Region and Companies Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032.

Power Tool Gears Market Overview:

The Power Tool Gears Market is projected to reach a valuation of USD 9.83 Bn by 2032 at a CAGR of 5.2%, from USD 5.63 Bn in 2021.

Drilling machines, saws, hammers, and grinding machines all use power tool gears as part of their design. The gears that are used in power tools are generally made of metal. They can be damaged by improper use, or just wear out over time.

They are crucial in changing the speed and torque of the aforementioned machinery. Gears are used in power tools to transmit power from the motor to the tool’s cutting or drilling mechanism. There are a variety of different gear types, each of which is suited for a particular application. These gears may be found inside a motor or they are placed inside a gearbox.

There are two basic types of gear teeth: straight-cut and helical. Straight-cut gears have teeth that can’t mesh with each other, but that doesn’t overlap, whereas helical gears have teeth that overlap to create a smoother surface as they rotate.

Detailed Segmentation :

The global power tool gears market is segmented on the basis of – Gear Type, Application, End-Use, and Region. Represented below is a detailed segmental description:

Based on Gear Type:

• Bevel Gears
• Spiral Gears
• Spur Gears
• Helical Gears
• Hypoid Gears

Based on Application:

• Grinding Machines
• Drills
• Hammers
• Saws
• DC Cordless Screw Drivers

Based on End-Use:

• Manufacturing
• Maintenance & Repairs
• Automotive
• Aerospace
• Building & Construction
• Other End-Uses

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics

Drivers for the Global Power Tool Gears Market:

The increasing application of drilling machines, saws, hammers, and grinding machines in industries such as automotive, woodworking, and metal fabrication is expected to continue to further augment the global power tools industry. Moreover, the low cost of power tool gears is also expected to play a pivotal role in positively influencing the revenue trajectory of this global industry over the next decade.

Competitive Landscape

Key players in this market are:

• Porite Group
• hGears
• Zhejiang Oliver manufacturing Gear Co. Ltd.
• Zhejiang Fore Intelligent Technology Co. Ltd.
• Stanley Black & Decker Inc.
• Snap-on Incorporated, Techtronic Industries Co. Ltd.
• Robert Bosch GmbH
• Makita Corporation
• Emerson Electric Co. Ltd., etc.

These key players have been focusing on mergers, partnerships, acquisitions, product developments, and collaboration strategies, in order to sustain their respective competitive edges.

Key developments

2022:

• In January 2022, P&F Industries Inc., a prominent manufacturer of power tools and accessories, announced the acquisition of Jackson Gear Company, a custom gears and power transmission gear manufacturer based in Pennsylvania, for US$ 2.3 million. This will help them to expand their market footprint and product offerings in the United States.