Industrial Gearbox Market Report 2023, Size, Share, Trends | Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled "Industrial Gearbox Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global industrial gearbox market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the industrial gearbox market?
The global industrial gearbox market size reached US$ 28.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

What is industrial gearbox?

An industrial gearbox is a mechanical system wherein mechanical energy is transferred to an output device. It is employed to modify torque and speed for converting energy into a usable form. It offers high efficiency and load-carrying capacity and helps minimize vibration and noise in the system. It also aids in efficiently running the machinery used in different applications, such as automotive, construction and mining equipment, wind power, chemical, rubber and plastic, material handling, power generation, and agriculture.

Request for a free sample copy of this report: https://www.imarcgroup.com/Industrial-Gearbox-Market/requestsample

What are the growth prospects and trends in the industrial gearbox industry?

At present, the rising adoption of robotic machinery and escalating demand for controlling noise pollution across different industries represent one of the key factors catalyzing the installation of industrial gearboxes. Industrial gearboxes are widely employed in the joints of these robotic arms help control the speed and direction of movement. Apart from this, industrial gearboxes are utilized in power plants for performing vital functions, such as driving air preheaters, coal crushers, turbine drives, conveying systems, and cooling tower fans. This, coupled with the high precision ability of gearboxes, is creating a positive market outlook. Furthermore, the easy availability of multiple industrial gearbox variants, such as helical, planetary, bevel, spur, and worm, is fueling the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Helical Gearbox
Planetary Gearbox
Bevel Gearbox
Spur Gearbox
Worm Gearbox
Others

Breakup by Design:

Parallel Axis
Angled Axis
Others

Breakup by Application:

Construction and Mining Equipment
Automotive
Chemicals, Rubber and Plastic
Wind Power
Material Handling
Power Generation
Agriculture
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ABB Ltd.
Altra Industrial Motion Corp.
Bonfiglioli Riduttori SPA (Bonfi SRL)
Bondioli & Pavesi S.p.A.
Emerson Electric Co.
Elecon Engineering Company Ltd.
Johnson Electric Holdings Limited
Siemens AG
Sumitomo Heavy Industries Ltd.
SEW-EURODRIVE GmbH & Co KG.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=3440&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.