Press release
North America Precision Gearbox Market Trends by Key Players: CGI, WITTENSTEIN, Bonfiglioli Riduttori, Nuegart, Onvio LLC, APEX Dynamics, GAM, Anaheim Automation
U.S. is projected to register nearly 90% demand of North America precision gearbox market till 2024. Improved living standard and well-established automobile base in the country is stimulating luxury vehicles demand and other application products of precision gearbox, leading to fostering sales in aftermarket and OEM channels. Stringent regulations pertaining to usage of better quality gearboxes will drive the product penetration. The regulations are related to robotic applications that include American National Standards Institute (ANSI) standards. Increasing packaging, transportation and production solutions coupled with escalating food industry will maintain the country’s leading position in the market.
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Top Key Players:-
The key players of North America Precision Gearbox Market are CGI, Inc, WITTENSTEIN SE, Bonfiglioli Riduttori SPA, and Nuegart Gmbh, Onvio LLC, APEX Dynamics, GAM, and Anaheim Automation.
Regional Segmentations:-
Automotive industry in North America is estimated to register a demand of above 330 thousand units’ precision gearboxes in 2024, accounting for more than 30% of the market in the forecast timeframe. Requirement of superior torque coupled with speed reduction in vehicles application is boosting its usage in the sector. Customer preference for simplified operations along with enhanced comfort is expected to fuel North America precision gearbox market in the application for the forecast years.
Planetary gearboxes is estimated to contribute nearly USD 480 million till 2024. Industry players prefer the products designed specifically for accurate shaft alignment and long service range that are suitable for alignment applications. High efficiency along with improved heat dissipation will fuel product demand in the forecast timeframe. Lower space consumption owing to compact design will drive parallel gearbox at 4% CAGR.
Major Points of Table Of Content:-
1. Methodology and Scope
2. Executive Summary
3. North America Precision Gearbox Industry Insights
4. North America Precision Gearbox Market, By Product
5. North America Precision Gearbox Market, By Material
6. North America Precision Gearbox Market, By Application
7. North America Precision Gearbox Market, By Sales Channel
8. North America Precision Gearbox Market, By Country
9. Company Profiles
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Emerging technologies including customized sets and gear motors are gaining significance in the market. These are used for specific application requirements and to support distinct machines. To comply with complex machine designs, multiple cost-effective, smaller and stronger gear drives are getting manufactured. Standardization benefits are leveraged by higher ratio of price and performance along with modular designs of verified gear setups.
Related Report:
Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Aircrafts (Commercial Aircraft {Narrow Body, Wide Body}, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
https://www.gminsights.com/industry-analysis/aerospace-landing-gear-market
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