Report Details:
15 Companies Covered
338 Pages
Market Research Future (MRFR) has published a cooked research report on the “Global Plastic Gear Market” that contains the information from 2019 to 2040.
The Plastic Gear market is estimated to register a CAGR of 5.9% during the forecast period of 2025 to 2040.
MRFR recognizes the following companies as the key players in the Global Plastic Gear Market— Gleason Corporation, Miller Plastic Products, Molded Devices Inc., Retlaw Industries, igus GmbH, Guangzhou Engineering Plastics Industries (Group) Co., LTD, Winzeler Gear, Kore Industries, Hangzhou Bright Rubber Plastic Product Co., Ltd, Enplas Corporation and IMS Gear.
Plastic Gear Market Highlights
The Plastic Gear Market is accounted for to register a CAGR of 5.9% during the forecast period and is estimated to reach USD 15,79,458.5 thousand by 2040.
The advancement of the automotive industry presents a substantial opportunity for the global plastic gear market, driven by a confluence of technological innovation, regulatory shifts, and evolving consumer preferences. As automakers strive to meet stringent fuel efficiency standards and reduce carbon emissions, the adoption of lightweight materials has become a strategic imperative. According to OICA, the global automotive sales witnessed growth from 79.67 million vehicles in 2020 to 95.31 million vehicles in 2024. Moreover, according to the International Trade Administration (ITA), the automotive industry is Germany’s largest industrial sector, accounting for nearly 25% of total industry revenues and employing around 780,000 people. In 2023, the German auto industry generated over USD 611 billion in sales, an 11% increase from 2022, including USD 496.3 billion from motor vehicles, USD 15.7 billion from trailers, and USD 99.8 billion from parts and accessories. Thus, the advancement of automotive industry is anticipated to drive the demand for plastic gears as plastic gears, with their inherent benefits of reduced weight, corrosion resistance, and noise dampening, are increasingly favored over traditional metal gears in a variety of automotive applications.
Additionally, another key driver of this trend is the global push toward electrification and the rise of electric vehicles (EVs). According to IEA, Electric car sales topped 17 million worldwide in 2024, rising by more than 25%. China maintained its lead among major markets, with electric car sales exceeding 11 million. Additionally, according to the European Environment Agency (EEA), electric vehicles accounted for 22.7% of all new car registrations in the EU in 2023, with 2.4 million new electric cars registered up from 2 million in 2022. Battery electric car registrations alone grew by 37%. Germany is expected to register approximately 873,000 new electric cars in 2025, a 53% increase from 2024, with battery-electric vehicles (BEVs) projected to rise by 75%, according to the German Association of the Automotive Industry (VDA). This shift to electric mobility necessitates new powertrain architectures and auxiliary systems, many of which require compact, lightweight, and efficient components. Plastic gears are well-suited for these applications, as they contribute to overall vehicle weight reduction, thereby improving battery range and energy efficiency, a critical factor for EV manufacturers. Moreover, the quieter operation of plastic gears aligns with the premium, low-noise experience that consumers expect from modern vehicles, further bolstering their adoption in electric and hybrid models.
Segment Analysis
The Global Plastic Gear Market has been segmented based on Material Type, Gear Type, Gear Size, Manufacturing Process and Region.
The Global Plastic Gear Market segmentation, based on Material Type has been segmented into Polyacetal (POM/ Acetal/ Delrin), Polyamide (PA/ Nylon), Polycarbonate (PC), Polyethylene Terephthalate (PET), Polyphenylene Sulfide (PPS) and Others. Among these, the Polyacetal (POM/ Acetal/ Delrin) segment is projected to dominate the Global Plastic Gear Market revenue through the projected period. Based on Gear Type, the Global Plastic Gear Market is segmented into Spur Gears, Helical Gears, Worm Gears, Bevel Gears, Planetary Gears and Others. Among these, the Helical Gears segment is projected to dominate the market revenue through the period.
The Global Plastic Gear Market segmentation, based on Gear Size has been segmented into Micro Gears (<10 MM), Small Gears (10-30 MM), Medium Gears (30-100 MM) and Large Gears (Above 100 MM). Among these, the Small Gears (10-30 MM) segment is projected to dominate the Global Plastic Gear Market revenue through the projected period. Based on Manufacturing Process, the Global Plastic Gear Market is segmented into Injection Molding, 3D Printing/Additive Manufacturing, Extrusion and Forming and Others, among which, the Injection Molding is projected to dominate the market revenue through the period.
Region Analysis
By Region, the Plastic Gear market is segmented into North America, Europe, APAC, South America, and MEA. The APAC Plastic Gear market holds considerable market share and is also forecasted to hold the largest share during the forecast period. APAC benefits from lower production costs, a skilled workforce, and strong government support for manufacturing innovation.
Key Findings of the Study
- The Global Plastic Gear Market is expected to reach 15,79,458.5 thousand by 2040, at a CAGR of 5.9% during the forecast period.
- APAC accounted for the fastest-growing market.
- Based on Material Type, the Polyacetal (POM/ Acetal/ Delrin) segment was attributed to holding the largest market in 2024.
- Based on Gear Type, the Helical Gears segment was attributed to holding the largest market in 2024.
- Based on Gear Size, the Small Gears (10-30 MM) segment was attributed to holding the largest market in 2024.
- Based on Manufacturing Process, the Injection Molding segment was attributed to holding the largest market in 2024.
- Gleason Corporation, Miller Plastic Products, Molded Devices Inc., Retlaw Industries, igus GmbH, Guangzhou Engineering Plastics Industries (Group) Co., LTD, Winzeler Gear, Kore Industries, Hangzhou Bright Rubber Plastic Product Co., Ltd, Enplas Corporation, IMS Gear are the key market players.