TechNavio recognizes the following companies as the key players in Global Manual Gear Manufacturing Market: “David Brown Gear Systems Ltd. and Rotork plc.
Commenting on the report, an analyst from TechNavio’s team said: “The use of spur gears in industries such as Agriculture, Aerospace, Mining, Pulp and Paper, Automotive, Textile, and Industrial Engineering has led to increasing demand for manual gears. Also, the ability of these gears to perform several functions across various industries has led to increasing demand, contributing significantly to the increasing growth of the Global Manual Gear Manufacturing market. For instance, spur gears are used in the Agriculture industry for cutting dry paddy straw and they are used in the Mining industry for extracting and refining minerals.”
According to the report, one of the major drivers is the increasing demand for manual gears in the Oil and Gas industry, leading to the establishment of new production plants, which requires the installation of manual gears to carry out the oil and gas extraction process.
Further, the report states that the high risk of accidents is the major challenge. Manual gears are operated by individuals across several industries, and the need for continuous monitoring and maintenance to avoid any failure is high. However, the lack of training on the operation of gears leads to mishaps and life-threatening accidents.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-manual-gear-manufacturing-market-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Global Manual Gear Manufacturing Market 2014-2018
