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Industrial Rack and Pinion Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45618
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The industrial rack and pinion market share is expected to increase by USD 636.51 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.81%.

This industrial rack and pinion market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial rack and pinion market segmentations by application (machine tools, linear actuation and guideways, and material handling) and geography (APAC, Europe, North America, MEA, and South America). The industrial rack and pinion market report also offers information on several market vendors, including Andantex USA Inc., ATLANTA Antriebssysteme E. Seidenspinner GmbH and Co. KG., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Lomar Machine and Tool Co., Nexen Group Inc., Nidec Corp., Reliance Precision Ltd., and Sati Spa among others.

What will the Industrial Rack And Pinion Market Size be During the Forecast Period?

Industrial Rack and Pinion Market Size

Download the Free Report Sample to Unlock the Industrial Rack and Pinion Market Size for the Forecast Period and Other Important Statistics

 

Industrial Rack And Pinion Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth of industrial manufacturing and an increase in demand for machine tools is notably driving the industrial rack and pinion market growth, although factors such as availability of several substitutes for rack and pinion systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial rack and pinion industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Rack And Pinion Market Driver

One of the key factors driving the industrial rack and pinion market growth is the growth of industrial manufacturing and an increase in demand for machine tools. Industrial manufacturing, especially discrete manufacturing, requires several machining activities such as cutting, milling, drilling, and boring to be performed on a range of metal, wood, or plastic components. These operations are performed using manual or automatic machine tools. Objects that require machining, tool posts, or carriages need to be moved in a linear direction. However, usually, torque is applied either manually by a handwheel or by an electric motor. A rack and pinion assembly are one of the linear actuation mechanisms that are used in machine tools to convert rotary motion into linear motion. Thus, as the unit sales of machine tools increase, the demand for the rack and pinion assemblies for machine tool applications also increases. Furthermore, the global demand for aerospace and defense equipment continues to grow. The demand for civilian aircraft is increasing rapidly in developing countries due to the consistent increase in air passenger traffic, improved air connectivity, and increasing passenger load factor.

Key Industrial Rack And Pinion Market Trend

Increasing demand for stairlifts in offices is the major trend influencing industrial rack and pinion market growth. A stairlift is an aid for a person who experiences trouble climbing stairs. Due to several reasons, many people find it difficult to climb staircases. Arthritis, joint stiffness, and injuries are some of the most common factors that prevent people from climbing staircases. Several industrial facilities are constructed in such a way that the ground floor occupies production processes, and a small mezzanine floor houses maintenance and other operations. The demand for stairlifts in commercial and industrial applications, even though very small compared with the demand for the same in residential apartments, continues to increase as there are instances when white-collar workers in industrial facilities face permanent or temporary difficulties in reaching their office, which is built on a mezzanine floor or the first floor. Furthermore, retrofitting an elevator is significantly costlier than retrofitting a stairlift. Thus, more industrial facilities are expected to get stairlifts installed to ensure the convenience of their employees. Thus, the rising demand for stairlifts can increase the purchase of rack and pinion systems by stairlift manufacturers.

Key Industrial Rack And Pinion Market Challenge

Availability of several substitutes for rack and pinion systems is one of the key challenges hindering the industrial rack and pinion market growth. A rack and pinion system is a linear actuation mechanism, which is used for converting rotary motion into linear motion. However, there are several other linear actuation mechanisms available in the market, including ball screws, lead screws, and linear motors. A ball screw system offers a smooth and almost friction-free movement along a given axis, but it tends to vibrate or whip if the length of the axis is more and the ball bearing rotates faster than the critical speed of rotation. Thus, if smooth and friction-free actuation is required over long lengths or spans, the ball screw system is required to be rotated very slowly. On the contrary, a rack and pinion system ensures the fast movement of the rack over long lengths without excessive vibration. However, there is high friction and risk of backlash if the pinion is not properly working with the rack. Thus, the availability of a large number of substitutes and the specific requirements of end-users limit the growth of the global industrial rack and pinion market.

This industrial rack and pinion market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global industrial rack and pinion market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial rack and pinion market during the forecast period.

Who are the Major Industrial Rack And Pinion Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Andantex USA Inc.
  • ATLANTA Antriebssysteme E. Seidenspinner GmbH and Co. KG.
  • GAM Enterprises Inc.
  • Gudel Group AG
  • HMK Automation Group Ltd.
  • Lomar Machine and Tool Co.
  • Nexen Group Inc.
  • Nidec Corp.
  • Reliance Precision Ltd.
  • Sati Spa

 

This statistical study of the industrial rack and pinion market encompasses successful business strategies deployed by the key vendors. The industrial rack and pinion market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Andantex USA Inc. - The company offers rack and pinion with preloaded dual pinion gearboxes to eliminate axis backlash.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial rack and pinion market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Rack And Pinion Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial rack and pinion market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Industrial Rack And Pinion Market?

Industrial Rack and Pinion Market Market segmentation by region

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40% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial rack and pinion in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for electric vehicles is driving investments in the development of machine tools which will facilitate the industrial rack and pinion market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 hindered the growth of the regional industrial rack and pinion market in 2020. This was attributed to the imposition of periodic lockdowns across the region to curb the spread of the disease. Owing to the lockdowns, several industries, such as cement, mining, chemicals and petrochemicals, were temporarily closed. This restricted the demand for the industrial rack and pinion market in 2020. From Q3 2020, the regional governments announced relaxations in lockdown restrictions due to a decline in the number of COVID-19 cases led by mass vaccination drives across the region, which, in turn, propelled economic activities in the region. Many end-user industries, such as steel manufacturers and oil and gas, resumed their manufacturing activities. The agriculture sector also observed significant growth as restrictions were removed in allied industries, which coupled with a surge in the demand for food grains led to regional market growth in the latter half of 2020.

What are the Revenue-generating Application Segments in the Industrial Rack And Pinion Market?

Industrial Rack and Pinion Market Segmentation

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The industrial rack and pinion market share growth by the machine tools will be significant during the forecast period. The demand for machine tools used in the manufacture of precision components for the aerospace and defense, electronics, and medical devices industries is rising rapidly due to the growth of the global civil aviation market, the rising government expenditure on acquiring defense equipment in most of the countries, and the increasing consumer spending on consumer electronics and healthcare.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial rack and pinion market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Rack And Pinion Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.81%

Market growth 2021-2025

$ 636.51 million

Market structure

Fragmented

YoY growth (%)

4.26

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 40%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Andantex USA Inc., ATLANTA Antriebssysteme E. Seidenspinner GmbH and Co. KG., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Lomar Machine and Tool Co., Nexen Group Inc., Nidec Corp., Reliance Precision Ltd., and Sati Spa

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Industrial Rack And Pinion Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial rack and pinion market growth during the next five years
  • Precise estimation of the industrial rack and pinion market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial rack and pinion industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial rack and pinion market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Machine tools - Market size and forecast 2020-2025
      • Exhibit 17: Machine tools - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Machine tools - Year-over-year growth 2020-2025 (%)
    • 5.4 Linear actuation and guideways - Market size and forecast 2020-2025
      • Exhibit 19: Linear actuation and guideways - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Linear actuation and guideways - Year-over-year growth 2020-2025 (%)
    • 5.5 Material handling - Market size and forecast 2020-2025
      • Exhibit 21: Material handling - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Material handling - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 23: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 40: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 41: Landscape disruption
          • Exhibit 42: Industry risks
        • 9.3 Competitive scenario

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 43: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 44: Market positioning of vendors
          • 10.3 Andantex USA Inc.
            • Exhibit 45: Andantex USA Inc. - Overview
            • Exhibit 46: Andantex USA Inc. - Product and service
            • Exhibit 47: Andantex USA Inc. - Key offerings
          • 10.4 ATLANTA Antriebssysteme E. Seidenspinner GmbH and Co. KG.
            • 10.5 GAM Enterprises Inc.
              • Exhibit 51: GAM Enterprises Inc. - Overview
              • Exhibit 52: GAM Enterprises Inc. - Product and service
              • Exhibit 53: GAM Enterprises Inc. - Key offerings
            • 10.6 Gudel Group AG
              • Exhibit 54: Gudel Group AG - Overview
              • Exhibit 55: Gudel Group AG - Product and service
              • Exhibit 56: Gudel Group AG - Key news
              • Exhibit 57: Gudel Group AG - Key offerings
            • 10.7 HMK Automation Group Ltd.
              • Exhibit 58: HMK Automation Group Ltd. - Overview
              • Exhibit 59: HMK Automation Group Ltd. - Product and service
              • Exhibit 60: HMK Automation Group Ltd. – Key news
              • Exhibit 61: HMK Automation Group Ltd. - Key offerings
            • 10.8 Lomar Machine and Tool Co.
              • Exhibit 62: Lomar Machine and Tool Co. - Overview
              • Exhibit 63: Lomar Machine and Tool Co. - Product and service
              • Exhibit 64: Lomar Machine and Tool Co. – Key news
              • Exhibit 65: Lomar Machine and Tool Co. - Key offerings
            • 10.9 Nexen Group Inc.
              • Exhibit 66: Nexen Group Inc. - Overview
              • Exhibit 67: Nexen Group Inc. - Product and service
              • Exhibit 68: Nexen Group Inc. - Key offerings
            • 10.10 Nidec Corp.
              • Exhibit 69: Nidec Corp. - Overview
              • Exhibit 70: Nidec Corp. - Business segments
              • Exhibit 71: Nidec Corp. – Key news
              • Exhibit 72: Nidec Corp. - Key offerings
              • Exhibit 73: Nidec Corp. - Segment focus
            • 10.11 Reliance Precision Ltd.
              • Exhibit 74: Reliance Precision Ltd. - Overview
              • Exhibit 75: Reliance Precision Ltd. - Product and service
              • Exhibit 76: Reliance Precision Ltd. - Key offerings
            • 10.12 Sati Spa
              • Exhibit 77: Sati Spa - Overview
              • Exhibit 78: Sati Spa - Product and service
              • Exhibit 79: Sati Spa - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 80: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 81: Research Methodology
                • Exhibit 82: Validation techniques employed for market sizing
                • Exhibit 83: Information sources
              • 11.4 List of abbreviations
                • Exhibit 84: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Industrial Rack and Pinion Market market growth will increase by $636.51 mn during 2021-2025.
              The industrial rack and pinion market market is expected to grow at a CAGR of 7.81% during 2021-2025.
              Technavio has segmented the industrial rack and pinion market market by application (machine tools, linear actuation and guideways, and material handling) ,geography (APAC, Europe, North America, MEA, and South America) , and geographic (APAC, Europe, North America, MEA, and South America).
              Andantex USA Inc., ATLANTA Antriebssysteme E. Seidenspinner GmbH and Co. KG., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Lomar Machine and Tool Co., Nexen Group Inc., Nidec Corp., Reliance Precision Ltd., Sati Spa are a few of the key vendors in the industrial rack and pinion market market.
              APAC will register the highest growth rate of 40% among the other regions. Therefore, the industrial rack and pinion market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the industrial rack and pinion market market growth are:
              • Growth of industrial manufacturing and an increase in demand for machine tools
              • Increasing demand for stairlifts in offices
              The industrial rack and pinion market market vendors should focus on grabbing business opportunities from the machine tools segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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