Press release
Precision Gearbox Market Report 2026: ABB Ltd, Bonfiglioli, Emerson, Rexnord, SEW Eurodrive, Siemens, Brevini Power Transmission, Cone Drive Operations, Curtis Machine Company, David Brown Engineering, Horsburgh & Scott, Oerlikon Graziano Drive Systems
Precision Gearbox Market
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Precision gearboxes find widespread application in the manufacturing sector. Usage of the product not only increases labor productivity and associated production rate, but also reduces labor shortage & manufacturing lead time. Latest advancements in robotics along with increasing use of automated machinery for various operations, such as machining, processing, inspection, and assembly by manufacturing sector may boost the adoption of precision gearbox over the coming years.
Proliferation of robotic control systems in various manufacturing industries is forecast to drive global precision gearbox market. Usage of automated systems as operating equipment increase operational efficiency and reliability.
The various types of precision gearboxes, namely parallel precision , right angle, and planetary gearboxes find application across various industry verticals. These products find extensive usage in applications that require high operational torque under precise speed limits. They are mainly used in food & beverage, tobacco, military & aerospace and robotics sectors.
Right angle precision gearboxes are gaining lot of popularity due to their compact design and ability to be combined with other gearboxes. Tt has been forecast that right angle precision gearboxes will account for a significant share in the market and is likely to register growth rate of 4% over the coming years.
Currently, U.S. is spending hefty amounts of money on military & aerospace activities. For instance, in 2019, U.S Department of Defense allocated over USD 693 billion for military and defense budget. Increasing spending on military and aerospace industry across the region will positively impact industry growth. In addition, rise in investments in space exploration activities will also fuel demand for precision gearboxes.In 2018, North America precision gearbox market
accounted for more than 20% of overall revenue share in the industry and is likely to showcase notable growth rate over 2019-2026.
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Some Point from Table of Contents:
Chapter 5. Precision gearbox Market, By Application
5.1. Global precision gearbox market application insights
5.2. Military & Aerospace
5.2.1. Market estimates and forecast, 2016 - 2026
5.2.2. Market estimates and forecast, by region, 2016 - 2026
5.3. Food, Beverage & Tobacco
5.3.1. Market estimates and forecast, 2016 - 2026
5.3.2. Market estimates and forecast, by region, 2016 - 2026
5.4. Machine Tools
5.4.1. Market estimates and forecast, 2016 - 2026
5.4.2. Market estimates and forecast, by region, 2016 - 2026
5.5. Materials Handling
5.5.1. Market estimates and forecast, 2016 - 2026
5.5.2. Market estimates and forecast, by region, 2016 - 2026
5.6. Packaging
5.6.1. Market estimates and forecast, 2016 - 2026
5.6.2. Market estimates and forecast, by region, 2016 - 2026
5.7. Robotics
5.7.1. Market estimates and forecast, 2016 - 2026
5.7.2. Market estimates and forecast, by region, 2016 - 2026
5.8. Medical
5.8.1. Market estimates and forecast, 2016 - 2026
5.8.2. Market estimates and forecast, by region, 2016 - 2026
5.9. Others (Rubber & Plastics, Woodworking)
5.9.1. Market estimates and forecast, 2016 - 2026
5.9.2. Market estimates and forecast, by region, 2016 - 2026
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