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Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 180
Countries covered: 18
Pages: 220
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Worm Gear Drive Market
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Worm Gear Drive Market Size
The global worm gear drive market size was valued at USD 2.8 billion in 2024 and is expected to reach USD 4.1 billion by 2034, growing at a CAGR of 3.7% from 2025 to 2034, driven by increasing trends toward manufacturing automation, surged automotive sector, increasing construction activities along with demand for heavy-duty machinery.
Industry 4.0 and advanced manufacturing are leading the application of worm gear drives in automated machinery such as CNC machines, robots, conveyor systems, and assembly lines. These gears provide high torque and space-saving designs, fulfilling the requirements of accurate power transmission. Worm gears play a vital role in automotive equipment like adjustable seats, sunroofs, and steering systems.
According to the European Automobile Manufacturers Association, global car sales grew by nearly 10% in 2023, exceeding 72 million units, as supply chain issues eased. 18.6% growth in European sales was fueled by expansion in both EU and Eastern European markets. Russia and Ukraine, after declining sharply in 2022, demonstrated significant growth, while Türkiye experienced a 63.2% jump, coming close to one million units sold. Additionally, 15% car sales growth was seen in North America in 2023, even amid high inflation and increasing interest rates. The U.S. saw a 14.4% rise in new car sales. In South America, passenger car sales remained steady at over 2.8 million units, unchanged from 2022.
Furthermore, the increased demand for building, infrastructure, and public works globally also increases the need for worm gear drive in construction machinery. These gears are capable of working easily in a crane, lift, hoist, and material-handling equipment because of its excellent capabilities of high reliability and durability under heavy-duty applications.
Worm Gear Drive Market Trends
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Worm Gear Drive Market Analysis
The worm gear drive industry based on gear type are segmented into non-throated worm gears, single throated worm gear and double throat worm gears. In 2024, the single throated worm gear segment dominates the market generating revenue of USD 1.8 billion and is expected to grow at CAGR of around 4.1% through 2034.
The worm gear drive market based on end use industry is segmented into manufacturing, automotive, mining, aerospace, construction & material handling, and others. The manufacturing segments accounted for over 32% of the market share in 2024.
In terms of the distribution channel, the worm gear drive market is segmented into direct sales and indirect sales. Direct sales segment dominates the market in 2024, due to demand for customization and increasing technical support.
The United States led the 76% share of the North American worm gear drive market and crossed USD 650 million in 2024, driven by industrial automation, energy efficiency demands, renewable energy growth, rising electric vehicle (EV) adoption, construction expansion, and a focus on safety in critical applications.
Europe: Increasing trends toward manufacturing automation, boom in automotive sector, increasing construction activities along with demand for heavy-duty machinery are the factors significantly propelling the growth of European worm gear drive market. According to the European Automobile Manufacturers Association, global car sales grew by nearly 10% in 2023, exceeding 72 million units, as supply chain issues eased. 18.6% growth in European sales was fueled by expansion in both EU and Eastern European markets. Russia and Ukraine, after declining sharply in 2022, demonstrated significant growth, while Türkiye experienced a 63.2% jump, coming close to one million units sold.
Worm Gear Drive Market Share
Worm Gear Drive Market Companies
Major players operating in the worm gear drive industry are:
Worm Gear Drive Industry News
This worm gear drive market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Million Units) from 2021 to 2034, for the following segments:
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Market, By Gear Type
Market, By Product Type
Market, By Material
Market, By Application
Market, By End Use Industry
Market, By Distribution Channel
The above information is provided for the following regions and countries: