Press release
Worldwide Trends Overview: The Rapid Evolution of the Industrial Gearbox Market
Industrial Gearbox Market
Industrial Gearbox Market Size Expected to Reach $42.05 Billion by 2030
The industrial gearbox market is forecasted to grow substantially, reaching a valuation of $42.05 billion by 2030. This corresponds to a compound annual growth rate (CAGR) of 5.3% during the forecast period. The expansion is driven by factors such as the adoption of Industry 4.0 technologies, increased installations of wind energy systems, rising demand for predictive maintenance, the growth of automated production lines, and initiatives aimed at improving operational efficiency. Key trends shaping this growth include the uptake of high-efficiency gear systems, the expansion of automation in machinery, rising requirements for heavy-duty gearboxes, integration of condition monitoring solutions, and broader applications in renewable energy sectors.
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Top Players Leading the Industrial Gearbox Market Currently
Several prominent companies dominate the industrial gearbox sector, including Bosch Rexroth AG, Flender GmbH, Dana Incorporated, China High-Speed Transmission Equipment Group Co. Ltd., Bonfiglioli Riduttori S.p.A., Getriebebau NORD GmbH & Co. KG, Sumitomo Heavy Industries Co. Ltd., Lenze SE, Elecon Engineering Company Limited, SEW-EURODRIVE GmbH & Co. KG, NORD Drivesystems (Getriebebau NORD GmbH & Co. KG), GearTech Inc., Essential Power Transmission Pvt. Ltd., Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd., Siemens AG, Renold Plc, Highfield Gears Limited, Griffin Gear Company, Rexnord Corporation, Cone Drive Operations, Inc., David Brown Santasalo S.A., Atlanta Gear Works, Inc., Superior Gearbox Company LLC, Dietz Electric Co. Inc., Sumitomo Drive Technologies, Inc., Apex Dynamics, Inc., ZOLLERN GmbH & Co. KG, Ashot Ashkelon Industries Ltd., and Eickhoff Maschinenfabrik und Eisengießerei GmbH.
Significant Acquisition Expanding Market Presence
In June 2025, Allison Transmission Holdings Inc., a technology firm based in the United States, acquired Dana Incorporated's Off-Highway business for $2.7 billion. This strategic move aims to enhance Allison's portfolio in commercial-duty powertrain and industrial solutions by incorporating Dana's drivetrain, axle, and propulsion technologies specializing in construction, agriculture, mining, and other industrial sectors. The acquisition is expected to create cross-selling opportunities and cost synergies, strengthening Allison's market position. Dana Incorporated is well known as a US-based industrial gearbox provider.
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Digital Automation Trends Driving Industrial Gearbox Growth
Leading companies in the industrial automation field are focusing on advancing faster digital automation solutions to boost operational efficiency, increase productivity, and cut costs by automating manual tasks. This approach, known as faster digitalized automation, involves rapid integration of intelligent technologies that connect people, machines, sensors, and devices in real time. The result is the transformation of traditional facilities into smart factories capable of enhanced responsiveness and customer-oriented operations. Such systems also support greater product innovation by enabling companies to adopt more agile and risk-tolerant business models. For example, in February 2023, Schneider Electric introduced its Industrial Digital Transformation Services at the 27th Annual ARC Industry Leadership Forum. This newly launched global service is designed to help industrial enterprises adopt end-to-end digital automation that is both sustainable and future-ready.
Breakdown of the Industrial Gearbox Market by Type, Design, and Application
This report segments the industrial gearbox market based on type, design, and application areas. By type, the market includes planetary, helical, bevel, spur, worm, and other gearbox types. Design-wise, the categories cover parallel axis, angled axis, and other designs. Regarding applications, the market serves sectors such as construction and mining, automotive, industrial manufacturing, power generation, marine, and other fields.
Detailed Subsegments of Gearbox Types
The planetary gearbox segment is further divided into spur planetary and bevel planetary gearboxes. The helical category includes single helical and double helical gearboxes. The bevel gearbox segment contains straight bevel and mitre bevel gearboxes. Spur gearboxes are classified into standard spur and heavy-duty spur gearboxes. Worm gearboxes include shaft-mounted worm gearboxes and worm gear reducers. Other types consist of cycloidal gearboxes, rack and pinion gearboxes, and harmonic drive gearboxes.
This comprehensive segmentation highlights the diverse range of industrial gearbox products tailored to meet the demands of various industries and applications, supporting the market's strong growth outlook through 2030.
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