Precision Gearbox Market 2018 Key Players are ABB, Bonfiglioli, Emerson, Rexnord, SEW Eurodrive, Siemens, Brevini Power Transmission, Cone Drive Operations, Horsburgh & Scott
Global 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.
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Robotics applications are expected to grow at 6.5% CAGR from 2016 to 2024. This growth is attributed to the increasing demand in designing prosthetic limbs and joints for balancing of robots and for achieving precise movements in industrial applications. Furthermore, the automated material handling segment is expected to witness a steady growth owing to increasing installations of these at manufacturing plants in order to fastened the overall production process. Growing demand for automation will further lead to new opportunities.
Top Key Players:-
The key players of global Precision Gearbox Market are ABB, Bonfiglioli, Emerson, Rexnord, SEW Eurodrive, Siemens, Brevini Power Transmission, Cone Drive Operations, Horsburgh & Scott.
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.
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Major Points of Table Of Content:-
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2012 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.6. Precision gearbox industry impact forces
3.6.1. Growth drivers
188.8.131.52. Rising automation demand across wide applications
184.108.40.206. Increasing use of precision gearboxes in robotics
3.6.2. Industry pitfalls & challenges
220.127.116.11. Growing adoption of direct drive mechanism
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2015
3.9.1. Strategy dashboard
3.10. PESTEL analysis
Chapter 4. Precision Gearbox Market, By Product
4.1. Global precision gearbox market share by product, 2015 & 2024
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
4.4.1. 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
5.6.1. Packaging precision gearbox market, by region, 2012-2024
5.7.1. Robotics precision gearbox market, by region, 2012-2024
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
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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.
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