Industrial Gearbox Market Size, Share, Outlook and Forecast 2028 due to COVID-19 Impact | Dana Brevini, Sumitomo Heavy Industries Ltd., Johnson Electric Holdings Ltd., Bauer Gear Motor

The Global Industrial Gearbox Market is projected to reach USD 44.17 billion by 2028, growing at a CAGR of 3.9% during the forecast period.

The market for industrial gearbox has been segmented in major regions to understand the global development and demand patterns of this market. The Asia Pacific is expected to hold the most prominent share in the industrial gearbox market for industrial gearboxes during the forecast period due to the rising demand for industrial gearboxes and growing industrialization. Countries such as China and Japan are among the largest manufacturing countries in the world. In addition to this, the projected installation of wind power and the growing automation in the manufacturing industries in the region is driving the growth of the industrial gearbox market in the Asia Pacific.

This comprehensive market analysis explores market growth potential for industrial gearbox market that can help stakeholders understand key developments and expectations in the market for industrial gearbox market defining opportunities for growth and competitive scenarios. The study also draws on data from multiple primary and secondary sources and will be analyzed using different methods. It helps gain insight into the growth potential of the market which can enable investors to recognize scope and opportunities. The analysis also gives details of the individual segments in the global industrial gearbox market.

According to the report, transportation application is projected to witness lucrative growth on account of the expansion of the automotive, aerospace, and shipbuilding sectors. industrial gearbox market is categorized into helical, planetary, bevel, worm, spur, and others. The planetary segment will lead the industrial gearbox market in the future. This growth can be attributed to its usage in a broad range of manufacturing and other precision applications as a result of its endurance, accuracy, and distinct functionality.

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

1. ABB Group
2. Bonfiglioli Italia SpA
3. Bondioli&Pavesi
4. Sew-Eurodrive
5. Dana Brevini
6. Sumitomo Heavy Industries Ltd.
7. Johnson Electric Holdings Ltd.
8. Bauer Gear Motor
9. China High Speed Transmission Equipment Group
10. Siemens.

What are industrial gearboxes?

Industrial gearboxes are devices that transmit mechanical energy to an output device. Gearboxes can change their speed, torque, and other characteristics to transform energy into a format that can be used. They are used in several devices in many different end-use industries. To boost torque and velocity, these machines can slow the rotation rate. The growth in technology over the past few decades is driving advances in automation, encouraging the adoption of robots and industrial automation. The global use of automation in all industries is increasing. The rate of adoption of automation is particularly high in the manufacturing sector. This is anticipated to become a driving force for the industrial gearbox market during the forecast period. Robots and automation equipment are usually used in high-speed, repetitive tasks in manufacturing and other industries. To manufacture robots, which have a higher level of sophistication and scope of application; researchers are working on the development of high precision gearboxes.

Key Factors Impacting the Growth of Industrial Gearbox Market:

• Increasing integration of automation in various end-use industries
• Wide applications of helical gearboxes
• Increasing installation of gearboxes in renewable generation, especially in wind power generation.
• Technical challenges such as overheating, oil leaks, and excessive noise
• Growing competition from direct drive systems
This report provides:
• A summary of the global industrial gearbox market and associated technologies.
• Analysis of global industry dynamics, monthly projections and annual compound growth rate predictions (CAGRs).
• Identification of new market opportunities and targeted consumer marketing strategies for global industrial gearbox market.
• Analysis of R&D and demand for new technologies and new applications
• Extensive company profiles of key players in the industry.

The researchers have studied the market in-depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Market Segmentation:
By Type:
• Bevel
• Planetary
• Helical
• Spur
• Worm
• Combination

By Design:
• Parallel Axis
• Angled Axis
• Other

By End User:
• Cement & Aggregates
• Construction
• Chemicals
• Rubber & Plastic
• Food & Beverages
• Marine
• Wind Power
• Agriculture
• Automotive
• Others

By Region:
• North America
o By Country (US, Canada, Mexico)
o By Type
o By Design
o By End-User

• Western Europe
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Type
o By Design
o By End-User

• Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Design
o By End-User

• Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Type
o By Design
o By End-User

• Middle East
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Type
o By Design
o By End-User

• Rest of the World
o By Region (South America, Africa)
o By Type
o By Design

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This release was published on openPR.