Precision Gearbox Market: What are the Future Growth Opportunities? Top Plyers: ABB Ltd, Bonfiglioli, Emerson, Rexnord, SEW Eurodrive, Siemens, Horsburgh & Scott

Precision gearbox market share is witnessing remarkable growth rate in the wake of robust demand from end-users, including food & beverages, military & aerospace, and robotics. For instance, investment in military & aerospace activities has witnessed a huge uptick since a while. Notably, U.S. Department of Defense allocated over US$ 693 bn for military and defense budget in 2019.

When it comes to food & beverages, soaring investment in the development of food production facilities coupled with innate innovations in food and packaging technology is expected to remain catalyst in fueling precision gearbox market trends. In addition, uptick in investment in space exploration activities is likely to impel precision gearbox market trends.

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North America accounted for over a-fifth of total revenue in precision gearbox market in 2018 and is expected to expand robustly during the assessment period 2019-2026. Although gearbox technology has gained traction in the past few years, commercialization of precision gearbox has witnessed an upward trend lately. When it comes to accuracy and reliability, advanced economies such as the U.S. and Canada have added further impetus and market value to precision gearboxes.

A rapid uptick in the usage of automated machinery and palpable development in robotics have fared well for precision gearbox market outlook. Precision gearbox helps in maintaining torque under specific speed limits and provides high reduction ratios, thereby propelling demand in robotics, machine tools and material handling applications.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. ABB Ltd
2. Bonfiglioli
3. Emerson
4. Rexnord
5. SEW Eurodrive
6. Siemens
7. Brevini USA
8. Cone Drive Operations
9. Curtis Machine Company
10. David Brown Engineering
11. Horsburgh & Scott
12. Oerlikon Graziano Drive Systems

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Of late, demand for precision gearbox in manufacturing sector has been overwhelming for it enhances labor productivity, production rate, reduces labor turnover and lead time. As such, rising popularity of precision gearbox among end-users is expected to uphold growth in precision gearbox market.

Right angle gearboxes have made a name for itself with compact design and capability to amalgamate with other gearboxes. Stakeholders tend to prefer right angle precision gearboxes for they provide high operational torque with accurate speed limits. Accordingly, Global Market Insights, Inc. has claimed a steady growth rate of 4% for right angle precision gearboxes during the assessment period 2019-2026.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
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.

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