Industrial Gearbox Global Market Trends, Strategies, Opportunities For 2022-2031

The global industrial gearbox market report by the business research company identifies the i rising adoption of industrial automation to be a major growth driver for the industrial gearbox market. Industrial automation systems are computerized systems that regulate and monitor a process, machine, or device to perform repetitive activities or duties. They are designed to run on their own to reduce and improve human labor in the business. For instance, in 2021, according to the robotic survey, robots are presently used as an integral part of 44.9 % of the respondents' assembly and manufacturing facilities, according to the poll. More specifically, 34.9 % of those with robots utilize collaborative robots (cobots), whereas the other 65.1 % use only industrial robots. Hence, the rising adoption of industrial automation has been a major driving factor for the industrial gearbox market.

The global industrial gearbox market size is expected to grow from $27.26 billion in 2021 to $28.42 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The industrial gearbox market is expected to grow to $33.96 billion in 2026 at a CAGR of 4.6%.

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Asia Pacific was the largest region in the industrial gearbox market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial gearboxes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the industrial gearbox market are Bondioli & Pavesi S.p.A., Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd., David Brown, China High-Speed Transmission Equipment Group Co. Ltd., Rexnord, Cone Drive Operations, Curtis Machine Company, GearTech Inc., Essential Power Transmission Pvt. Ltd., Griffin Gear Inc., Precipart Corporation, NORD drive systems Pvt. Ltd., Allied Precision Gears Inc., Renold Plc and Ashoka Machine Tools Corporation.

The global industrial gearbox market is segmented -
1) By Type: Planetary, Helical, Bevel, Spur, Worm, Others

2) By Design: Parallel Axis, Angled Axis, Others

3) By Application: Construction and Mining Equipment, Automotive, Chemicals, Rubber and Plastic, Wind Power, Material Handling

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The Industrial Gearbox Market Report Contents Include
1. Executive Summary
2. Industrial Gearbox Market Characteristics
3. Industrial Gearbox Market Trends And Strategies
4. Impact Of COVID-19 On Industrial Gearbox
5. Industrial Gearbox Market Size And Growth
....
26. Africa Industrial Gearbox Market
27. Industrial Gearbox Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Gearbox Market
29. Industrial Gearbox Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Industrial Gearbox market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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