Helical Gears Market - Forecasts from 2023 to 2028

The helical gears market is projected to grow at a CAGR of 4.37% over the forecast period, increasing from US$15.275 billion in 2021 to US$20.613 billion by 2028.

Helical gears have stronger teeth and higher load-carrying capabilities compared to spur gear which is one of the major reasons driving market growth. The high degree of component and sub-assembly interchangeability, the fabrication, and the modular design of helical gears in gearboxes offer several performance and engineering benefits. Moreover, these gears have wide applications in automotive and the increasing use case of these gears can be seen in robotics and other automated systems, these gears help in smooth and precise mechanical operations in various systems.

Companies are launching new helical gears and gearboxes in the market which can further fuel the market in the projected period. Hence, in the coming years with the increase in product launches in the market, the market for helical gears is anticipated to grow.

Growing use of helical gears in the automotive industry

The demand for helical gears is increasing with increase in with increasing application of these gears in the automotive industry. Moreover, the growing application of helical gears in all major and minor machinery for mining and construction is aiding the market growth. Countries in the Asia Pacific region are experiencing high growth in construction activities. For instance, under the NIP, India has invested a budget of US$1.4 trillion on infrastructure of which 24% will be allocated in renewable energy, 18% on roads and highways, 17% on urban infrastructure, and 12% on railway infrastructure. Hence, with the increasing investment, there comes the demand for machinery and tools that can help in easy and smooth functioning, which in turn is expected to grow the market for helical gears in the projected period.

According to the International Organization of Motor Vehicle Manufacturers, the annual sales of all vehicles increased to 8,27,55,197 in 2021 from 7,87,87,566 in 2020. Additionally, the sales for passenger cars in 2020 were 5,39,15,528 which increased to 5,64,37,803 in 2021, and further, in 2022, the sales increased to 5,74,85,378. The demand for passenger cars is expected to increase more in the coming year owing to the launch of new and improved technologies and which increasing spending the people are choosing to purchase cars for their personal use. According to the International Trade Administration, China is one of the largest manufacturers of vehicles and is expected to produce 35 million vehicles by 2025, in 2021 the sales of vehicle in China was 26 million including 21.48 million passenger cars. Hence, with the increased demand for vehicles and cars in the automotive industry the demand for helical gears is also expected to grow in the projected period. 

It is projected that the Indian helical gears market will grow steadily. 

India has witnessed significant growth in the helical gears market over the past decade, driven by various key factors that have propelled the country into a prominent position in the global market for these mechanical components. One of the primary drivers of this growth has been the burgeoning manufacturing sector in India, especially in industries like automotive, aerospace, and industrial machinery.

India’s manufacturing sector’s expansion across industries such as machinery and equipment manufacturing, automotive, aerospace, defense, and infrastructure development has led to an increased need for precision-engineered helical gears for various applications. As manufacturing processes become more automated and efficient, helical gears, known for their quiet operation and high efficiency, have found increasing use in industrial automation, including sectors like pharmaceuticals, food processing, and textiles. Furthermore, according to the Indian Brand Equity Foundation, in the fiscal year 2023, India achieved a significant milestone in its manufacturing sector, recording its highest-ever annual exports of USD 447.46 billion, marking a remarkable growth rate of 6.03%. This achievement surpassed the previous year's record of USD 422 billion in exports during fiscal year 2022. Furthermore, India's middle-class population is on a trajectory to become one of the most substantial contributors to global consumption by the year 2030, projected to hold the second-largest share, accounting for 17% of the world's consumption patterns.

Market Key Developments

• In August 2022, Dana Incorporated announced the launch of the Brevini EvoMax series of helical and bevel-helical gearboxes for marine and offshore applications. This range includes five completely new sizes and 14 redesigned gearboxes for better torque, longer service, and greater efficiency. 

Segmentation:

By Type

• Single Helical Gears
• Double Helical Gears
• Spiral Helical Gears
• Hypoid Gears

By Teeth Configuration

• Left-handed
• Right-Handed

By Axis Configuration

• Perpendicular
• Parallel

By End-User

• Automotive
• Aerospace
• Industrial
• Others

By Geography

• North America
• By Type
• By Teeth Configuration
• By Axis Configuration
• By End-Users
• By Country
• USA
• Canada
• Mexico
• South America
• By Type
• By Teeth Configuration
• By Axis Configuration
• By End-Users
• By Country
• Brazil
• Argentina
• Others
• Europe
• By Type
• By Teeth Configuration
• By Axis Configuration
• By End-Users
• By Country
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• By Type
• By Teeth Configuration
• By Axis Configuration
• By End-Users
• By Country
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• By Type
• By Teeth Configuration
• By Axis Configuration
• By End-Users
• By Country
• China
• Japan
• South Korea
• India
• Australia
• Others