Press release
Industrial Gearbox Market: Strong Growth, High CAGR, Key Drivers and Future Trends
Industrial Gearbox Market Share
What Is The Projected Market Size Of The Global Industrial Gearbox Market And Its Growth Rate?
• Market growth has been noteworthy in recent years, expanding from $31.39 billion in 2024 to $33.06 billion in 2025, with a CAGR of 5.3%.
• Growth factors in the historic period include the burgeoning manufacturing industry, robust economic growth in emerging markets, and increased electric vehicles demand.
• Future projections show a robust growth trajectory, with the market expected to reach $41.55 billion in 2029, growing at a CAGR of 5.9%.
• Growth in the forecast period is attributed to the rise of industrial automation, urbanization escalation, and increased adoption of in-built robots.
What Is Driving The Growth In The Industrial Gearbox Market?
The surge in the adoption of industrial automation majorly impels the growth of the industrial gearbox market. Industrial automation systems are computer-operated systems that regulate and supervise a method, machine, or apparatus to carry out repeated tasks or functions. Designed to function independently, these systems reduce and enhance human labor in businesses. For example, the International Federation of Robotics reported that robot installations in 2022 reached a new annual high of 290,258 units, surpassing the 2021 record and indicating a growth rate of 5%.
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Who Are the Key Players Driving Industrial Gearbox Market Growth?
Major companies operating in the industrial gearbox market include:
• Bosch Rexroth AG
• Flender GmbH
• Dana Incorporated
• China High-Speed Transmission Equipment Group Co. Ltd
• Bonfiglioli Riduttori SPA
• Getriebebau NORD GmbH & Co. KG
• Sumitomo Heavy Industries Co. Ltd.
• Lenze SE
• Elecon Engineering Company Limited
• Sew-Eurodrive and others.
What Are The Key Trends In The Industrial Gearbox Market?
Key trends in the industrial gearbox market include:
• Accelerated digitalization and automation in industries.
• Emphasis on technological advancements and product innovations.
• Introduction of new products.
• Increased instances of mergers and acquisitions.
What Are The Segments Of The Global Industrial Gearbox Market?
The global industrial gearbox market segments include:
1. By Type: Planetary, Helical, Bevel, Spur, Worm, Other Types
2. By Design: Parallel Axis, Angled Axis, Other Designs
3. By Application: Construction And Mining, Automotive, Industrial, Power Generation, Marine, Other Applications
Which Region Leads The Industrial Gearbox Market?
Asia-Pacific was the largest region in the industrial gearbox market in 2024 and is expected to be the fastest-growing region in the forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Industrial Gearbox Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Gearbox Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Gearbox Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Gearbox Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Gearbox Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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