South America Gear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The South America Gear Market report segments the industry into Gear Type (Spur Gear, Helical Gear, Planetary Gear, Reck and Pinion Gear, Worm Gear, Bevel Gear, Other Gear Type), Application (Oilfield Equipment, Mining Equipment, Industrial Machinery, Construction Machinery, Other Applications), and Geography (Brazil, Argentina, Colombia, Rest of the South America).

South America Gear Market Size

South America Gear Market Summary

South America Gear Market Analysis

The South America Gear Market size is estimated at USD 32.59 billion in 2025, and is expected to reach USD 40.01 billion by 2030, at a CAGR of 4.19% during the forecast period (2025-2030).

  • Over the medium term, increasing vehicle production across South American countries and the complexity of modern vehicles, including electric and hybrid models, necessitates advanced gear systems for efficient power transmission.
  • On the other hand, South America suffers from inadequate infrastructure, including poor road networks, substandard ports, and insufficient logistics capabilities. These issues increase transportation costs and delays, which could act as restaint for the growth of market.
  • Nevertheless, continuous innovations in gear design and manufacturing processes enhance performance and efficiency, making modern gears more appealing across various industries. The integration of smart technologies into manufacturing processes further drives demand for high-quality gear systems.
  • Brazil is likely one of the largest consumer of gears in South American region owing to increase industrialiation, hence country is likely to continue its dominance during the forecast period,

South America Gear Industry Overview

The South America Gear market is semi-consolidated. Some of the major companies in the market (in no particular order) include Companhia Industrial de Peças (CIP), Carraro Group, Sumitomo Drive Technologies, Zanini Renk, GNA Gears, and among others

South America Gear Market Leaders

  1. Carrao Group

  2. Zanini Renk

  3. Companhia Industrial de Peças (CIP)

  4. Sumitomo Drive Technologies

  5. GNA Gears

  6. *Disclaimer: Major Players sorted in no particular order
South America Gear Market Concentration
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South America Gear Market News

  • August 2024: Vestas, a global frontrunner in wind turbine manufacturing, is channeling approximately USD 23.6 million into its factory expansion in Ceará, Brazil. This move aims to produce the cutting-edge V163 wind turbine model, boasting a market-leading capacity of 4.5 megawatts. In wind turbines, gears within a gearbox amplify the rotational speed of the turbine blades. This development is poised to bolster the gear market's growth in the coming years.
  • February 2024: In a move to bolster its foothold in Argentina, Toyota unveiled a USD 50 million investment plan to kickstart production of the Hiace utility vehicle in Zárate, Buenos Aires province. This initiative, set to create 100 direct and indirect jobs, aims to position Argentina as a pivotal hub for the production and export of commercial vehicles across the region. Gears, essential mechanical components in vehicles, play a crucial role in transmitting power and rotation. They are integral to a car's engine, facilitating changes in speed, torque, and direction. Given these developments, the vehicle manufacturing surge in South America is poised to have a pronounced influence on the region's gear market during the forecast period.

South America Gear Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2030
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Utilization and Production of Vehicles
    • 4.5.1.2 Growth in Mining industries
    • 4.5.2 Restraints
    • 4.5.2.1 Poor Supply Value Chain of Gear Manufacturing
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Gear Type
    • 5.1.1 Spur Gear
    • 5.1.2 Helical Gear
    • 5.1.3 Planetary Gear
    • 5.1.4 Reck and Pinion Gear
    • 5.1.5 Worm Gear
    • 5.1.6 Bevel gear
    • 5.1.7 Other Gear Type
  • 5.2 Application
    • 5.2.1 Oilfield Euipment
    • 5.2.2 Mining Equipment
    • 5.2.3 Industrial Machinery
    • 5.2.4 Construction Machinery
    • 5.2.5 Other Applications
  • 5.3 Geography
    • 5.3.1 Brazil
    • 5.3.2 Argentina
    • 5.3.3 Colombia
    • 5.3.4 Rest of the South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted & SWOT Analysis for Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Companhia Industrial de Peças (CIP)
    • 6.3.2 Carrao Group
    • 6.3.3 Sumitomo Drive Technologies
    • 6.3.4 GNA Gears
    • 6.3.5 Zanini Renk
    • 6.3.6 Rossi S.p.A.
    • 6.3.7 SEW-EURODRIVE
    • 6.3.8 Gleason Corporation
    • 6.3.9 Renold Plc
  • *List Not Exhaustive
  • 6.4 List of Other Prominent Companies
  • 6.5 Market Ranking/Share (%) Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Innovations in Gear Design
**Subject to Availability
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South America Gear Industry Segmentation

Gears are components with interlocking teeth that transmit torque and motion between rotating shafts. Gears are typically metal or plastic and come in various shapes and sizes. Gears are fundamental in machinery, from clocks and vehicles to industrial equipment, where they adjust speed, torque, and direction of movement. Their precision and durability make them essential in everyday devices and complex mechanical systems.

The South America America gear market is segmented by gear type, application, and geography. By gear type, the market is segmented into spur gear, helical gear, planetary gear, rack and pinion gear, worm gear, bevel gear, and other gear types. By application, the market is segmented into oilfield equipment, mining equipment, industrial machinery, power plants, construction machinery, and other applications. The report also covers the market size and forecasts for the gear market across major countries in the region.

For each segment, the market sizing and forecasts have been done based on revenue (USD).

Gear Type Spur Gear
Helical Gear
Planetary Gear
Reck and Pinion Gear
Worm Gear
Bevel gear
Other Gear Type
Application Oilfield Euipment
Mining Equipment
Industrial Machinery
Construction Machinery
Other Applications
Geography Brazil
Argentina
Colombia
Rest of the South America
Gear Type
Spur Gear
Helical Gear
Planetary Gear
Reck and Pinion Gear
Worm Gear
Bevel gear
Other Gear Type
Application
Oilfield Euipment
Mining Equipment
Industrial Machinery
Construction Machinery
Other Applications
Geography
Brazil
Argentina
Colombia
Rest of the South America
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South America Gear Market Research FAQs

How big is the South America Gear Market?

The South America Gear Market size is expected to reach USD 32.59 billion in 2025 and grow at a CAGR of 4.19% to reach USD 40.01 billion by 2030.

What is the current South America Gear Market size?

In 2025, the South America Gear Market size is expected to reach USD 32.59 billion.

Who are the key players in South America Gear Market?

Carrao Group, Zanini Renk, Companhia Industrial de Peças (CIP), Sumitomo Drive Technologies and GNA Gears are the major companies operating in the South America Gear Market.

What years does this South America Gear Market cover, and what was the market size in 2024?

In 2024, the South America Gear Market size was estimated at USD 31.22 billion. The report covers the South America Gear Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Gear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Gear Industry Report

Statistics for the 2025 South America Gear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Gear analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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