Global Bevel Gear Jack Market By Type (Bevel Gear Machine Screw Jacks, Bevel Gear Ball Screw Jacks) By Application (Power Industry, Steel Industry, Petrochemical Industry, Architecture Industry, Other) By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)- Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

The Bevel Gear Jack (BGJ) market is expected to reach over USD 244.5 million in 2027 at a CAGR of over 8% during the forecast period from USD 178.5 million in 2019.A system developed with an intention to be used as round twisting gear with a broad spectrum of load capability is called Bevel Gear Jack (BGJ). Bevel Gear Jack (BGJ) can be used as a single system with multiple arrangements. Bevel Gear Jack (BGJ) industry is mainly driven by strong demand from the power industry. The power industry is characterized by the use of a large number of machines. Therefore, Bevel Gear Jack (BGJ) are used in various power plants for different applications.  

Bevel Gear Machine Screw Jacks and Bevel Gear Ball Screw Jacks are two major types of Bevel Gear Jack (BGJ) market. Bevel Gear Machine Screw Jacks dominated the global Bevel Gear Jack (BGJ) market with over 55% in 2019. Moreover, it is expected to maintain its dominance over the forecast period and exhibit a robust CAGR among all segments.

Global Bevel Gear Jack Market Share by Type, 2019

Steel, Petrochemical, Architecture, Power, and Other are major application markets for the global Bevel Gear Jack (BGJ) market. The power industry segment was the leading application market in 2019, with over 30% share of total revenue generated by this industry. Bevel Gear Jack (BGJ)s are widely used in the power transmission sector as they are flexibly used combinations of attachment configurations, rotation directions, and shaft layouts as well as in grouping with other machinery such as screw jacks.

Global Bevel Gear Jack Market Share by Application, 2019

Asia Pacific was the leading regional market for the Bevel Gear Jack (BGJ)s, with over 35% share in 2019. Ever increasing power industry coupled with strong industrialization in the region has resulted in the growing demand for Bevel Gear Jack (BGJ)s in the region. North America also accounted for a significant share of global Bevel Gear Jack (BGJ)s market revenue in 2019. Massive demand for energy and thus power generation in the region is a major growth driving factor for Bevel Gear Jack (BGJ)s in the region. Europe and Latin America also hold considerable market share and will likely maintain their positions in the global Bevel Gear Jack (BGJ)s market over the forecast period.

Global Bevel Gear Jack (BGJ) Market Competitive Landscape

Major players operating in the global Bevel Gear Jack (BGJ)s market include; Nook Industries, Duff-Norton, INKOMA-GROUP, Nippon Gear Co Ltd, Vignesh Gears, PCM Company, Kelston, Nozag, KSH, Joyce Dayton, and Others. The global Bevel Gear Jack (BGJ)s market is highly concentrated, with the top five players accounting for the largest share in the global revenue generation in 2019.     

Market Segmentation

Global Bevel Gear Jack Market by Application, 2015 – 2027 (USD Million)

• Bevel Gear Machine Screw Jacks
• Bevel Gear Ball Screw Jacks
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Global Bevel Gear Jack Market by Application, 2015 – 2027 (USD Million)

• Power Industry
• Steel Industry
• Petrochemical Industry
• Architecture Industry
• Other
•  

Global Bevel Gear Jack Market by Region, 2015 - 2027

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa
•  

Global Bevel Gear Jack Market: Key Players

• Joyce Dayton
• Nook Industries
• Nippon Gear Co Ltd
• Duff-Norton
• Nozag
• KSH
• Vignessh Gears
• INKOMA-GROUP
• Kelston
• PCM Company
• Others
•  

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall Bevel Gear Jack market. In addition, the global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.