Expansion Of The Construction Industry To Boost Gearbox Industry Market: Powering Innovation and Expansion in the Gear Box And Gear Motor Market by 2025

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What Is the Expected CAGR for the Gear Box And Gear Motor Market Through 2025?
The market for gear box and gear motors has consistently expanded over the past few years. Projected growth is expected to increase from $17.22 billion in 2024 to $17.81 billion in 2025, with a compound annual growth rate (CAGR) of 3.5%. The surge during the previous period can be linked to the swift expansion in heavy machinery, early adoption in the aviation and aerospace sectors, leading-edge applications in industry, defense machinery and global conflicts, as well as the emergence of automation and robotics.

What's the Projected Size of the Global Gear Box And Gear Motor Market by 2029?
It is anticipated that the market for gear box and gear motor will experience consistent growth over the next few years, potentially reaching a valuation of $21.48 billion in 2029. This represents a compound annual growth rate (CAGR) of 4.8%. The projected growth over this period can be linked to increased demand in the renewable energy sector, expansion of automation and industrial robotics, a focus on more lightweight and compact solutions, an increase in the implementation of industry 4.0, and a rising preference for energy-efficient options. Notable trends expected to emerge during this forecast period are the development of solutions that require no maintenance, customisation and tailored solutions, emphasis on reducing noise and controlling vibration, the use of gearless direct drive systems, and a growing focus on electric vehicles (EVs).

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Top Growth Drivers in the Gear Box And Gear Motor Industry: What's Accelerating the Market?
The gearbox and gear motor market is projected to grow due to the expanding construction industry. This industry involves the execution of activities such as planning, designing, developing, and maintaining built environments and infrastructure. Gearboxes and gear motors, pivotal in construction machinery like bulldozers and excavators, control the speed and torque of hydraulic systems, allowing precise control over equipment attachments. For example, the Australian Bureau of Statistics, a government body, reported that domestic buildings under construction in the March quarter of 2023 increased by 1.3%, amounting to 240,813 units. This surpassed the previous record of 240,065 units from the March 2022 quarter. As a result, the increased residential construction is fuelling the growth of the gearbox and gear motor market.

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What Are the Key Trends Driving Gear Box And Gear Motor Market Growth?
Major businesses in the gearbox and gear motor market, such as Dana Incorporated, are shifting their attention towards the production of bespoke industrial gearboxes, aiming to bolster earnings within their market. Rolling out highly specialized gear transmission mechanisms tailored to meet specific industrial or application needs is becoming a norm. For example, Dana Incorporated, a renowned American equipment producer, unveiled the Brevini S-Series industrial planetary gearboxes in January 2022. The gearboxes have been purpose-built to withstand the harsh demands of biogas production and wastewater treatment facilities. Maximum output torques of these Brevini S-Series gearboxes, which power the mixing systems in digesters, can reach up to 290 kNm, promoting heat transfer and maintaining consistent temperatures, thus ensuring the production of fuel-quality biogas. In addition, the gearboxes are equipped with seals resistant to water and corrosion, instrumental in moving drag chains and flights found in wastewater treatment plant sedimentation tanks.

What Are the Main Segments in the Gear Box And Gear Motor Market?
The gear box and gear motor market covered in this report is segmented -

1) Product Type: Gear Box, Gear Motors
2) By Gear Type: Spur Gear, Helical Gear, Bevel Gear, Worm Gear, Planetary Gear, Cycloidal Gear
3) By Distribution Channel: Direct Sales, Indirect Sales
4) By End-Use Industry: Wind Power, Material Handling, Food And Beverage, Cement And Aggregates, Metals And Mining, Pharmaceutical, Construction Power Generation, Chemicals, Marine, Other End-Use Industries

Subsegments:
1) By Gear Box: Parallel Shaft Gearbox, Right Angle Gearbox, Planetary Gearbox, Helical Gearbox
2) By Gear Motors: AC Gear Motors, DC Gear Motors, Stepper Gear Motors, Servo Gear Motors

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Which Top Companies are Driving Growth in the Gear Box And Gear Motor Market?
Major companies operating in the gear box and gear motor market report are Mitsubishi Electric Corporation, Hitachi Ltd., Siemens AG, ABB Ltd., Toshiba Corporation, Eaton Corporation PLC, Emerson Electric Co., Danfoss A/S, Dana Incorporated, Sumitomo Heavy Industries, Bosch Rexroth, WEG Industries, Regal Rexnord Corporation, SEW-EURODRIVE GmbH & Co KG, Johnson Electric Holdings Limited, Nord Drivesystems, TECO Electric & Machinery Co. Ltd., Lenze Gruppe, ElectroCraft Inc., Elecon Engineering Company Ltd., TECO-Westinghouse Motors, Bonfiglioli Transmissions Private Limited, Bauer Gear Motor, Varvel SpA, Flender Group, Rossi Group LLC, Bison Gear and Engineering, NER Group Co. Ltd., Sha Yang Ye Industrial

Which Regions Will Dominate the Gear Box And Gear Motor Market Through 2029?
Asia-Pacific was the largest region in the gear box and gear motors market in 2024. Middle East And Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the gear box and gear motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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