India Gears Market (2025-2031) | Outlook, Analysis, Growth, Value, Companies, Forecast, Revenue, Industry, Size, Trends & Share

Market Forecast By Types (Spur Gear, Helical Gear, Bevel Gear, Worm Gear, Gear Rack, Others), By Applications (Vehicles, Industry, Special Equipment) And Competitive Landscape
Product Code: ETC021944 Publication Date: Aug 2023 Updated Date: Apr 2025 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Gears Market Size Growth Rate


The India Gears Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 12.01% in 2025, climbs to a high of 12.81% in 2027, and moderates to 11.98% by 2029.

India Gears Market Growth Rate

India Gears Market Synopsis

India is one of the largest markets for gears in Asia and has seen steady growth over the past few years. The growing demand for automotive, industrial, and agricultural applications is driving the market forward. In addition to this, government initiatives such as Make-in-India are also pushing up sales of locally manufactured gears. The Indian gear market was estimated at USD 10 billion in 2025 and is projected to reach USD 15 billion by 2031 with a CAGR of 7.1%.

Drivers of the Market:

? Growing Demand from Automotive Industry: India?s automotive industry has been growing consistently owing to increasing middle class wealth, improving living standards and rising disposable incomes. This has resulted in increased demand for vehicles which use gears as a crucial component that enables power transmission between different parts of an engine or vehicle body. Thus, this segment will be responsible for majorly fuelling growth in the overall gear market during 2025?2031.

? Growing Demand from Industrial Applications: Gears have wide ranging applications across industries including oil & gas production plants, steel manufacturing facilities among others where they serve as components facilitating movement between various parts of machines/equipment used on shop floors. Rising investments across these sectors resulting from government policies such as ?Make-in-India? will further drive up demand during 2025?2031 making it another key driver behind industry expansion.

Challenges of the Market:

? High Maintenance Costs ? Gears require regular maintenance due to their wearing out quickly when exposed to extreme temperatures or long hours without lubrication leading to higher costs associated with quality control measures needed while using them over prolonged periods of time thereby limiting their adoption rate amongst prospective customers operating on thin margins

? Increasing Raw Material Prices ? With rise in raw material prices like iron ore used extensively while producing gears coupled with increasing costs associated with labor required for machining processes involved; manufacturers are facing challenges squeezing profits out of every transaction made thereby impacting financial performance adversely hampering prospects related with further growth down the line

Trends of the Market:

? Customized Solutions Gaining Traction ? As businesses move towards multi enterprise software solutions integrated within workflows managed by internal teams customized solutions are becoming increasingly popular offering more precise results tailored according to customer needs.

? Focus on Reducing Total Cost Ownership - To remain competitive manufacturers are relying heavily upon cost effective methods involving strategic integration points throughout supply chain process allowing them flexibility regarding price decisions enabling faster response times helping maintain healthy profit levels even after factoring expenses incurred while.

Key Highlights of the Report:

  • India Gears Market Outlook
  • Market Size of India Gears Market, 2024
  • Forecast of India Gears Market, 2031
  • Historical Data and Forecast of India Gears Revenues & Volume for the Period 2021-2031
  • India Gears Market Trend Evolution
  • India Gears Market Drivers and Challenges
  • India Gears Price Trends
  • India Gears Porter's Five Forces
  • India Gears Industry Life Cycle
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Types for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Spur Gear for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Helical Gear for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Bevel Gear for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Worm Gear for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Gear Rack for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Applications for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Vehicles for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Industry for the Period 2021-2031
  • Historical Data and Forecast of India Gears Market Revenues & Volume By Special Equipment for the Period 2021-2031
  • India Gears Import Export Trade Statistics
  • Market Opportunity Assessment By Types
  • Market Opportunity Assessment By Applications
  • India Gears Top Companies Market Share
  • India Gears Competitive Benchmarking By Technical and Operational Parameters
  • India Gears Company Profiles
  • India Gears Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Gears Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Gears Market Revenues & Volume, 2021 & 2031F

3.3 India Gears Market - Industry Life Cycle

3.4 India Gears Market - Porter's Five Forces

3.5 India Gears Market Revenues & Volume Share, By Types, 2021 & 2031F

3.6 India Gears Market Revenues & Volume Share, By Applications, 2021 & 2031F

4 India Gears Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Gears Market Trends

6 India Gears Market, By Types

6.1 India Gears Market, By Types

6.1.1 Overview and Analysis

6.1.2 India Gears Market Revenues & Volume, By Types, 2021-2031F

6.1.3 India Gears Market Revenues & Volume, By Spur Gear, 2021-2031F

6.1.4 India Gears Market Revenues & Volume, By Helical Gear, 2021-2031F

6.1.5 India Gears Market Revenues & Volume, By Bevel Gear, 2021-2031F

6.1.6 India Gears Market Revenues & Volume, By Worm Gear, 2021-2031F

6.1.7 India Gears Market Revenues & Volume, By Gear Rack, 2021-2031F

6.1.8 India Gears Market Revenues & Volume, By Others, 2021-2031F

6.2 India Gears Market, By Applications

6.2.1 Overview and Analysis

6.2.2 India Gears Market Revenues & Volume, By Vehicles, 2021-2031F

6.2.3 India Gears Market Revenues & Volume, By Industry, 2021-2031F

6.2.4 India Gears Market Revenues & Volume, By Special Equipment, 2021-2031F

7 India Gears Market Import-Export Trade Statistics

7.1 India Gears Market Export to Major Countries

7.2 India Gears Market Imports from Major Countries

8 India Gears Market Key Performance Indicators

9 India Gears Market - Opportunity Assessment

9.1 India Gears Market Opportunity Assessment, By Types, 2021 & 2031F

9.2 India Gears Market Opportunity Assessment, By Applications, 2021 & 2031F

10 India Gears Market - Competitive Landscape

10.1 India Gears Market Revenue Share, By Companies, 2024

10.2 India Gears Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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