Press release
Industrial Gearbox Market to reach USD 32.25 Bn by 2027, emerging at a CAGR of 4.36 percent and forecast (2021-2027)
Industrial Gearbox Market was valued at USD 29.68 Bn. in 2021 and is expected to reach at USD 32.25 Bn in 2027. The global Industrial Gearbox Market size is estimated to grow at a CAGR of 4.36 percent over the forecast period.Industrial Gearbox Market Report Scope and Research Methodology
Industrial gearboxes, also known as mechanical gearboxes, are used in the industrial sector for a variety of purposes, including power transmission between machines, automation systems, and process units. The global industrial gearbox market offers a range of goods and solutions, such as planetary, bevel, worm, helical, and spur gearboxes, which are used in a wide range of applications such as mixers, defusers, crystallizers, port lifting equipment, and pressure reducing valves.
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The report covers the period 2022-2027, with 2021 considered as a base year to forecast the market from 2022 to 2027. The report uses real numbers and outputs of the key players and major players across the globe, and past five years' trends are considered while forecasting the market through 2027. However, the high cost of devices is expected to be a major stumbling block to the industrial gearbox market's growth over the forecast period.
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Industrial Gearbox Market Dynamics
The report highlights that the rising adoption of industrial automation, technical advancement in robotics and industrial sectors, rising disposable income, and increased investments in renewable energy generation are expected to propel the industrial gearbox market forward. Moreover, the increasing usage of automation in the manufacturing sector is expected to contribute to the target market's revenue growth.
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The report notes that auto sales were hit hard at the start of the pandemic, but have since then increased dramatically, and the global increase in demand for automobiles is expected to have a beneficial impact on the market for helical gearboxes. The development of inexpensive all-electric transmission powertrains represents a big growth opportunity for the helical gearbox market as EV sales continue to rise.
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Industrial Gearbox Market Regional Insights
Furthermore, the report indicates that major manufacturers are investing with local players to improve technological developments, develop devices, and extend their geographical presence, and the industrial gearbox market has a large opportunity in the Asia Pacific, owing to fast-growing demand and falling costs of gearboxes used in wind energy generation.
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Industrial Gearbox Market Segmentation
By Type:
• Planetary
• Helical
• Bevel
• Spur
• Worm
By Design:
• Parallel
• Angled
By End-Use Industry:
• Wind Power
• Material Handling
• Construction
• Metal & Mining
• Cement & Aggregate
• Food & Beverage
Industrial Gearbox Market Key Competitors include:
• Emerson Electric Co.
• Johnson Electric Holdings Limited
• Sumitomo Heavy Industries Ltd.
• Watt Drive Weg Group.
• Sew-Eurodrive
• GKN Off-Highway Powertrain
• ABB
• Bauer Gear Motor
• Bondioli & Pavesi
• Dana Brevini
• Comer Industries
• Elecon Engineering
• China High Speed Transmission Equipment Group Co., Ltd.
• Siemens AG
• Bonfiglioli Italia S.P.A
• GearTech, Inc.
• Klingelnberg GmbH, Inc
• Essential Power Transmission Pvt. Ltd.
• Griffin Gear Inc.
• Precipart Corporation
• Cleveland Gear Company
• NORD drivesystems Pvt. Ltd.
• Allied Precision Gears Inc.
• Renold Plc,
• Ashoka Machine Tools Corporation
Table of Content for Industrial Gearbox Market
Global Industrial Gearbox Market: Research Methodology
Global Industrial Gearbox Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Industrial Gearbox Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Industrial Gearbox Market Segmentation
Global Market, by Type (2021-2027)
Global Market, by Design (2021-2027)
Global Market, by End-Use Industry (2021-2027)
Regional Industrial Gearbox Market (2021-2029)
Regional Market, by Type (2021-2027)
Regional Market, by Design (2021-2027)
Regional Market, by End-Use Industry (2021-2027)
Regional Market, by Country (2021-2027)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2027
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type, Design and End-Use Industry
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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