Press release
Precision Gearbox Market: Global and Regional Vendor Landscape & Forecast To 2024
Precision Gearbox Market is projected to be valued at around USD 3 billion by 2024. These machines are designed to withstand high tolerances offering efficiencies of 90% and above and are used for speed reduction to provide high torque multiplication. Precision gearboxes are preferred by designer as they have smaller components, utilizes less space and saves cost.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/255
Emerging applications such as robotics is expected to create substantial demand for precision gearboxes as robots require highly precise movements which can be fulfilled by these products. However, the presence of substitute products such as direct drive systems pose a significant challenge and may hamper the overall precision gearbox market share. These products eliminate the use of gears and significantly reduce the complexity, weight and increase the efficiency without incurring any energy losses.
On the basis of product, the industry can be segregated into parallel, planetary and right-angle products. Planetary precision gearbox market accounted for over 70% of the revenue as of 2015. Right angle gearboxes are gaining popularity owing to benefits such as greater flexibility, less space occupancy. These products are preferred for their use in angular arrangement between the output shaft and the drive. Growing rate of innovations in miniature gears has enabled manufacturers to design highly precise, tiny and light weight housing gears. These miniature gears are used in high transmission, low backlash requirements. Rising demand for conveyor belts, positing, variable acceleration in packaging and bottling, fluid injection will drive the precision gearbox market growth in the forecast timeframe.
North America, mainly led by the U.S. precision gearbox market, captured over 20% of the revenue in the year 2015, due to rise in manufacturing plants in the region. The APAC Market will witness growth on account of increasing automation and adoption of operational efficient machinery.
Make an inquiry before buying @ https://www.gminsights.com/request-sample/detail/255
The major players competing in the high precision gearbox market include Siemens, SEW Eurodrive, Brevini, etc. These companies possess a strong brand identity and pose a strong challenge for new entrants. Heavy research and developments costs acts as a major barrier for new entrants. The overall industry is highly fragmented owing to large number of regional and local players. Product development, merger and acquisitions, strategic partnerships comprise some of the key competitive strategies adopted by the industry players.
Chapter 4. Precision Gearbox Market, By Product
4.1. Global precision gearbox market share by product, 2015 & 2024
4.2. Parallel
4.2.1. Parallel precision gearbox market, by region, 2012-2024
4.3. Right Angle
4.3.1. Right angle precision gearbox market, by region, 2012-2024
4.4. Planetary
4.4.1. Planetary precision gearbox market, by region, 2012-2024
Chapter 5. Precision Gearbox Market, By Application
5.1. Global precision gearbox market share by application, 2015 & 2024
5.2. Military & Aerospace
5.2.1. Military & aerospace precision gearbox market, by region, 2012-2024
5.3. Food, Beverage & Tobacco
5.3.1. Food, beverage & tobacco precision gearbox market, by region, 2012-2024
5.4. Machine Tools
5.4.1. Machine Tools precision gearbox market, by region, 2012-2024
5.5. Materials Handling
5.5.1. Materials handling precision gearbox market, by region, 2012-2024
5.6. Packaging
5.6.1. Packaging precision gearbox market, by region, 2012-2024
5.7. Robotics
5.7.1. Robotics precision gearbox market, by region, 2012-2024
5.8. Medical
5.8.1. Medical precision gearbox market, by region, 2012-2024
5.9. Others (Rubber & Plastics, Woodworking)
5.9.1. Others precision gearbox market, by region, 2012-2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/precision-gearbox-market
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
4 North Main Street
Selbyville
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Precision Gearbox Market: Global and Regional Vendor Landscape & Forecast To 2024 here
News-ID: 1026299 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Precision
Precision Air Conditioner
Precision air conditioner is used to control the temperature and humidity to accurately maintain the microclimate parameters in environments such as data centers, hospitals and laboratories.
Unlike home or domestic air conditioners, which are designed to cool humans, precision air conditioners in most cases are used for cooling IT equipment.
https://www.nigeriacontractor.com/buy-precision-air-conditioner-in-nigeria/
Official website of Akpo Oyegwa Refrigeration Company: https://www.nigeriacontractor.com/
7th Floor Mulliner Towers,
39 Alfred Rewane Road,
Ikoyi
Lagos, Nigeria.
Direct Expansion Precision Air Conditioner
from 6 to…
Precision Casting Market In-deep Analysis and Experts Review Report 2020 to 2026 …
The global Precision Casting Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Precision Casting market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2026.
The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current…
Agriculture IoT Market by Precision Farming, Precision Forestry and Smart Greenh …
Hardware to hold the largest share of agriculture IoT market during the forecast period
Hardware is expected to account for the largest share of the agriculture IoT market during the forecast period. The increasing adoption of new technologies and advanced devices for smart agriculture is expected to drive the growth of the agriculture IoT market for hardware during the forecast period. Precision farming involves hardware devices and tools to minimize input…
Precision Medicine Market
Precision medicine is an approach of treatment that has been derived on the basis of individual variability in environment, genes and lifestyle of each person. This novel approach assists medical practitioners and researchers to understand various treatment needs in order to prevent specific diseases. It allows for highly precise targeting of medication for treatment of various diseases, which is expected to lead to high adoption by medical practitioners and researchers.…
Global Precision Farming Market 2017 : Cropmetrics, Agjunction, Trimble, Precisi …
A market study based on the "Precision Farming Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Precision Farming Market 2017’. The research report analyses the historical as well as present performance of the worldwide Precision Farming industry, and makes predictions on the future status of Precision Farming market on the basis of this analysis.
Get Free Sample Copy of Report Here :
http://bit.ly/2q8CiX3
Top Manufacturers…
Precision Glass & Optics Provides Precision Cutting/Scribing on Thin Flat Glass
Precision Glass & Optics (PG&O® - pgo.com), global experts in optical manufacturing, glass fabrication, and precision thin film coatings, offers precision glass cutting and scribing on thin flat substrates up to 24” x 24” (600 mm x 600 mm). Utilizing equipment from TLC International (Phoenix, AZ – www.tlcinternational.com), manufacturers of high-accuracy mechanical glass cutting/scribing equipment, PG&O uses the Gen-3 TLC Phoenix-600® machines to provide highly technical, precision cuts on glass…
