Press release
Industrial Gearbox Market 2019 – 2023 Top Key Leaders: Emerson Electric, Johnson Electric Holdings, Siemens AG, Sumitomo Heavy Industries, Watt Drive Weg Group, Sew-Eurodrive, Schneider Electric, GKN Off-Highway Powertrain, Bauer Gear Motor, Bonfiglioli
Industrial Gearbox Market
Industrial gearbox is an enclosed system which helps to transmit the mechanical energy to an output device. Industrial gearboxes have the ability to modify their speed, torque, and other features. Industrial gearbox is used in a variety of devices for various purposes. There are different type of industrial gearboxes which are used for different type of purposes. The major gearboxes include helical gearboxes, coaxial helical inline, bevel helical gearbox, and skew bevel helical gearbox, among others. Every type of industrial gearbox has different design; hence the same industrial repair and renewable techniques would not work for all of them. Hence, industrial gearbox requires proper maintenance during its life span or operational life.
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Key Players
The key players of the global Industrial gearboxMarket are Emerson Electric Co, Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd, Watt Drive Weg Group, Sew-Eurodrive, Schneider Electric, GKN Off-Highway Powertrain, ABB Ltd, Bauer Gear Motor, Bondioli & Pavesi, Dana Brevini, Bonfiglioli, Comer Industries, Elecon Engineering, and China High Speed Transmission Equipment Group Co., Ltd.
Market Highlights
Industrial gearbox is a cylindrical part having cut teeth on its periphery, which mesh with another tooth part (gear) in order to transmit torque. There are different types of industrial gearboxes which are used for different type of purposes. The major gearboxes include helical gearboxes, coaxial helical inline, bevel helical gearbox, and skew bevel helical gearbox, among others. Every type of industrial gearbox has different design; hence the same industrial repair and renewable techniques would not work for all of them. Hence, industrial gearbox requires proper maintenance during its life span or operational life.
The global industrial gearbox market is projected to grow at a moderate rate during the forecast period due to increasing use of industrial gearbox in many manufacturing industries. This growth will witness a positive outlook in the coming years owing to increasing automation in industries such as automobile, food processing, and agriculture machinery. Moreover, increasing investments in renewable power generation with a shift towards wind power is driving the industrial gearbox market.
Segmentation
By Type
• Helical Industrial Gearbox
• Planetary Industrial Gearbox
• Bevel Industrial Gearbox
• Spur Industrial Gearbox
• Worm Industrial Gearbox
• Others (Combination Gears Such as Helical-Bevel, Planetary-Worm)
By Design
• Parallel Axis
• Angled Axis
By Industry
• Wind Power
• Cement & Aggregates
• Chemicals, Rubber & Plastic
• Construction
• Food & Beverage
• Marine
• Material Handling (Includes Lawn & Turf, Other Conveying Equipment’s for Larger Group of Manufacturing Industries)
• Metals & Mining
• Power Generation (Excluding Wind Power)
• Recreational Vehicle
• Transportation Industry (Excluding Automotive)
• Agriculture
• Automotive
• Others
By Regions
• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• South America
Scope of the Report
This report provides an in-depth analysis of the global industrial gearbox Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Industrial gearboxMarket by its type, design, industry, and region.
North America is estimated to dominate the market for Industrial gearbox
Region wise, Asia-Pacific held the largest market share of the global industrial gearbox market in 2017 due to increasing use of industrial gearbox in many manufacturing industries. This growth will witness a positive outlook in the coming years owing to increasing automation in industries such as automobile, food processing, and agriculture machinery. Moreover, increasing investments in renewable power generation with a shift towards wind power is driving the industrial gearbox market.
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Brief TOC of Industrial Gearbox Market
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
Continued…
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