Precision Gearbox Machinery Market Size, Share, Analysis, Overview, Outlook Report 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Precision Gearbox Machinery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $10.3 billion In 2028 At A CAGR Of 10.0% :

The precision gearbox machinery market size has grown strongly in recent years. It will grow from $5.22 billion in 2023 to $5.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rise in automotive industry, expansion of robotics and cnc machinery, medical equipment expansion, global industrial expansion, growth in aerospace sector.

The precision gearbox machinery market size is expected to see strong growth in the next few years. It will grow to $7.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to global industrial expansion, rise in industrial automation, expansion of robotics and industry 4.0, miniaturization demands, growth in renewable energy sectors. Major trends in the forecast period include strategic partnerships, innovative medical equipment production, iot-based solutions, advancements in automation.

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Precision Gearbox Machinery Market Major Segments
The precision gearbox machinery market covered in this report is segmented -

1) By Type: Planetary Gearbox, Worm Gearbox, Helical Gearbox, Bevel Gearbox, Spiral Bevel Gearboxes, Other Types
2) By Manufacturing Process: Hobbing, Grinding, Turning, Honing
3) By Shaft Orientation: Coaxial, Right Angled, Parallel Shift
4) By Application: Machine Tools, Material Handling, Packaging, Robotics, Automobile, Off-Road Vehicles, Wind Towers, Agriculture, Railways, Marine

Key Driver - Robotics Revolution Fuels Demand For Precision Gearboxes

The growing utilization of robotic devices is expected to propel the precision gearbox machinery market going forward. A robot device is a programmable machine that can execute a task without the intervention of humans. Precision gear box machinery is used in robotic devices that are constructed simply and characterized by their precise transmission of motion, zero-backlash, and high transmission ratios. For Instance, in June 2022, according to the International Federation of Robotics, a Germany-based non-profit organization that promotes, strengthens, and protects the robotic sector data, 48.68k units of industrial robots were shipped globally in 2021 in Europe, which is an increase of 27% compared to 2020. 4.9k units of industrial robots were sold in 2021 in the US, an increase of 27% as compared to 2020 data. 3.54k units of industrial robots had been shipped in 2021, an increase of 33% as compared to 2020 in Asia. Therefore, the growing utilization of robotic devices is driving the growth of the precision gearbox machinery market.

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Prominent Trend - Technological Advancements Driving Innovation In Precision Gearbox Machinery

Technological advancements are a key trend gaining popularity in the precision gearbox machinery market. Major companies operating in the precision gearbox machinery market are focused on developing new technological solutions to strengthen their position in the market. For Instance, in January 2021, Sumitomo Drive Technologies, a US-based company operating in precision gearbox machinery, launched the F4CF-DA series of modular precision gears that utilize the Fine Cyclo Technology. The most crucial innovation of the new series is the increased torque per unit size. The number of sizes in the series lineup has also been expanded in response to users' demand for more individuality and sizes have been developed accordingly. They are approximately 8% smaller in diameter and 5% shorter in length than the previous generation. Despite this size reduction, performance has been increased by approx. 20% across the range. The noise levels of the DA series have also been decreased.

Precision Gearbox Machinery Market Players
Major companies operating in the precision gearbox machinery market report are Reishauer AG, Nidec Corporation, DMG Mori Aktiengesellschaft, DVS Technology Group, EMAG GmbH & Co. KG, Gleason Corporation, Liebherr-International Deutschland GmbH, Matrix Precision CO. LTD., SEW-EURODRIVE GmbH & Co KG, Siemens AG, Harmonic Drive LLC, Stöber Antriebstechnik GmbH and Co KG, Wittenstein SE, GAM Enterprises Inc., Neugart GmbH, Apex Dynamics Inc., Sumitomo Heavy Industries Ltd., Nabtesco Corporation, Wilhelm Vogel GmbH, Onvio LLC, ATLANTA Drive Systems Inc., Transprecision Gears Pvt. Ltd., DieQua Corporation, Cone Drive, Hiwin Corporation, Sureservo, Parker Hannifin Corp., DANOBAT S. Coop, Lagun Engineering, Framo Morat Group

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the precision gearbox machinery market in 2023. The regions covered in the precision gearbox machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Precision Gearbox Machinery Market Report Structure
3. Precision Gearbox Machinery Market Trends And Strategies
4. Precision Gearbox Machinery Market - Macro Economic Scenario
5. Precision Gearbox Machinery Market Size And Growth
…..
27. Precision Gearbox Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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