Summary

The North America worm gear drives market was valued at US$ 601.23 million in 2022 and is expected to reach US$ 695.35 million by 2030; it is estimated to register a CAGR of 1.8% from 2022 to 2030.

Increased Automotive Sales Globally Fuels North America Worm Gear Drives Market

Worm gear drives are widely used in steering systems, power seats, convertible tops, sunroofs, and HVAC systems, among other automobile parts. In steering systems, worm gear drives are used in rack-and-pinion designs. The worm gear drive converts the circular motion of the steering wheel into the linear motion required by the steering system. The self-locking feature of the worm gear drives is beneficial for the steering systems, as it helps keep the system stable and in the appropriate position. Worm gear drives are also used in power seat adjustments to ensure smooth and controlled movement. They offer the torque and precision required to modify the seat position, recline angle, and height as per drivers' specifications. Worm gear drives are utilized in vehicle HVAC systems to manage airflow and temperature. These gears aid in the adjustment of the air blend doors and recirculation flaps, resulting in efficient climate management within cars. Increased vehicle production and sales directly impact the demand for steering systems, HVAC systems, and power seats, ultimately triggering the sales of worm gear drives. As per the data published by the International Organization of Motor Vehicle Manufacturers in 2023, 57 million passenger cars were sold in 2022 globally, an increase of 1 million units from 2021. Countries such as the US, Germany, China, and India are a few of the top automotive industry markets. According to the American Automotive Association, the automobile manufacturing sector accounted for 11% of the US GDP in 2022. The US has the world's eighth-largest automotive manufacturing industry, which generates US$ 1 trillion annually for the US economy. The manufacturing of motor parts and vehicles represents 3% of the US GDP, according to the Alliance for Auto Innovation Report in 2022. The US car and automobile manufacturing sector was valued at US$ 104.1 billion in 2023. In 2021, nearly 9.2 million vehicles were produced in the country, recording an upsurge of 4.5% compared to 2020. Rising vehicle production has created a massive demand for automobile products and services. Also, according to the Society for Indian Automotive Manufacturers (SIAM) Report, India's Motor Vehicle Production reached 5.45 million units in 2022, compared to 4.4 million units produced in 2021.

Such an increase in vehicle production around the globe is driving the growth of the automotive telematics market. The following chart shows the automotive production by major countries and regions in 2022 as per the European Automotive Manufacturers Association Organization Report.

Increased vehicle demand has impacted global vehicle production positively. Increased production of vehicles increased the demand for worm gear drives in the automotive industry, ultimately driving the market.

North America Worm Gear Drives Market Overview

The North American worm gear drive market exhibits a diverse and dynamic landscape, influenced by the contributions of the US, Canada, and Mexico. The US, with its robust manufacturing sector, is a key enabler of the worm gear drives market growth. Trade volumes, a key indicator of economic health, rebounded in 2021 and 2022 after facing a setback in 2019 and 2020 due to modifications in trade policies amid the COVID-19 pandemic. Resurgence in trade values aligns with the rebound in US manufactured goods exports, reaching an all-time high of US$ 1,596.79 billion in 2022. Both durable and nondurable goods exports achieved record levels, standing at US$ 970.97 billion and US$ 625.82 billion, respectively.

With a strong legacy of high-quality automobile manufacturing, Canada hosts major OEMs such as Stellantis, Ford, GM, Honda, and Toyota, creating a thriving automotive sector. The demand for worm gear drives is driven by the manufacturing ecosystem, including a network of nearly 700 parts suppliers. With Mexico's role as a key exporter of automobiles to global markets, the quality and efficiency of manufacturing processes become paramount, fueling the market for advanced power transmission systems.

North America Worm Gear Drives Market Revenue and Forecast to 2030 (US$ Million)

North America Worm Gear Drives Market Segmentation

The North America worm gear drives market is categorized into operation type, product type, material type, and country.

Based on operation type, the North America worm gear drives market is bifurcated into cylindrical worm gears and single and double enveloping worm gears. The cylindrical worm gears segment held a larger market share in 2022.

In terms of product type, the North America worm gear drives market is categorized into housed units, gearsets, and high speed worms. The gearsets segment held the largest market share in 2022.

By material type, the North America worm gear drives market is segmented into stainless steel, cast iron, aluminum, and others. The stainless steel segment held the largest market share in 2022.

By country, the North America worm gear drives market is segmented into the US, Canada, and Mexico. The US dominated the North America worm gear drives market share in 2022.

Kohara Gear Industry Co Ltd, Boston Gear LLC, Delroyd Worm Gear LLC, Tulsa Winch Inc, Cleveland Gear Co Inc, and The Timken Co are some of the leading companies operating in the North America worm gear drives market.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Worm Gear Drives Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. North America Worm Gear Drives Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increased Automotive Sales Globally
5.1.2 Growing Elevator and Escalator Installations Due to Increasing Construction Activities
5.2 Market Restraints
5.2.1 Presence of Alternative Products
5.3 Market Opportunities
5.3.1 Rise in Adoption of Robotics
5.4 Future Trends
5.4.1 Advancements in Worm Gear Manufacturing
5.5 Impact of Drivers and Restraints:
6. Worm Gear Drives Market - North America Market Analysis
6.1 Worm Gear Drives Market Revenue (US$ Million), 2020-2030
6.2 Worm Gear Drives Market Forecast Analysis
7. North America Worm Gear Drives Market Analysis - by Operation Type
7.1 Cylindrical Worm Gear
7.1.1 Overview
7.1.2 Cylindrical Worm Gear: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Single and Double Enveloping Worm Gear
7.2.1 Overview
7.2.2 Single and Double Enveloping Worm Gear: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
8. North America Worm Gear Drives Market Analysis - by Product Type
8.1 Housed Units
8.1.1 Overview
8.1.2 Housed Units: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Gearsets
8.2.1 Overview
8.2.2 Gearsets: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
8.3 High Speed Worms
8.3.1 Overview
8.3.2 High Speed Worms: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
9. North America Worm Gear Drives Market Analysis - by Material Type
9.1 Stainless Steel
9.1.1 Overview
9.1.2 Stainless Steel: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Cast Iron
9.2.1 Overview
9.2.2 Cast Iron: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
9.3 Aluminum
9.3.1 Overview
9.3.2 Aluminum: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
10. North America Worm Gear Drives Market - Country Analysis
10.1 North America: Worm Gear Drives Market - Revenue and Forecast Analysis - by Country
10.1.1 North America: Worm Gear Drives Market - Revenue and Forecast Analysis - by Country
10.1.2 United States: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
10.1.2.1 United States: Worm Gear Drives Market Breakdown, by Operation Type
10.1.2.2 United States: Worm Gear Drives Market Breakdown, by Product Type
10.1.2.3 United States: Worm Gear Drives Market Breakdown, by Material Type
10.1.3 Canada: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
10.1.3.1 Canada: Worm Gear Drives Market Breakdown, by Operation Type
10.1.3.2 Canada: Worm Gear Drives Market Breakdown, by Product Type
10.1.3.3 Canada: Worm Gear Drives Market Breakdown, by Material Type
10.1.4 Mexico: Worm Gear Drives Market - Revenue and Forecast to 2030 (US$ Million)
10.1.4.1 Mexico: Worm Gear Drives Market Breakdown, by Operation Type
10.1.4.2 Mexico: Worm Gear Drives Market Breakdown, by Product Type
10.1.4.3 Mexico: Worm Gear Drives Market Breakdown, by Material Type
11. Competitive Landscape
11.1 Heat Map Analysis
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Kohara Gear Industry Co Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Boston Gear LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Delroyd Worm Gear LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Tulsa Winch Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Cleveland Gear Co Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 The Timken Co
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners