Magnetic gear can transmit torque without any mechanical contact among rotational parts in rotating mechanical systems. Especially, magnetic gear using rare-earth PMs can be used in variety of industry application because of their great power efficiency. Thus, recent trend shows that magnetic gear can be replaced with common mechanical gear. This paper deals with comparison and torque analysis for magnetic gears with parallel and Halbach magnetization according to various design parameters. Using a two dimensional (2D) finite element (FE) analysis, suitable gear ratio is selected. We performed analysis for magnetically connected inner and outer torque with respect to various design parameters including thickness of inner and outer PM, steel pole angle, segments of Halbach array and magnetization pattern of inner and outer PMs. Finally, we can obtain improved design model having parallel and Halbach magnetization with larger torque, compared with an initial design model.