openPR Logo
Press release

Precision Gearbox Market Research Report, 2016 – 2024: Global Market Insights Inc.

Precision Gearbox Market Research Report, 2016 – 2024: Global

A new report covers Precision Gearbox market outlook providing historical facts, current status and future development trends information along with data on leading players and regions. Precision Gearbox Market size is set to exceed USD 2.5 billion by 2024; as per a new research report by Global Market Insights, Inc.

Growing automation demand in machine tools, food & beverage processing and tobacco industry, materials handling and packaging applications will support the industry growth. The manufacturing industry is focused towards developing gearboxes of small size and lower weights, thus driving the precision gearbox market.

Request for a sample of this research report @

Advancements in robotic systems will support precision gearbox market demand owing to its precise positioning. Moreover, increased focus towards reducing overall weight of the robot will increase the hard-plastic components demand used in the business. Customized precision gearboxes are gaining popularity to support the application-specific machine requirements. A variety of strong, compact, and cost-effective gear drives are manufactured to cope with complex designs.

Companies are focusing towards collaboration of human and robots, also known as collaborative robots for simplified applications. Commercialization of co-bots will further support the demand for precision gearbox market over the forecast period.

Regulations governing this industry mainly pertain to efficient operation and energy consumption. The U.S. has defined regulations regarding the use of precision gearbox in ANSI standard for robotic applications. Similarly, in Europe, the CE mark on products entitles them free circulation in European Economic boundary. Growing adoption of direct drive mechanisms will hamper the precision gearbox market over the forecast timeline. It eliminates gear usage in power transmission by taking power from input shaft without any reductions, thus improving the efficiency of the mechanism.

Planetary segment accounted for more than 70% of 2015 overall industry revenue. These are niche rather than standard products which provide greater volatility in the precision gearbox industry. Parallel precision gearbox market size was over USD 200 million in 2015. The parallel gearboxes use shaft-mounted gear units on parallel axes which are ideal for use in conveyors and other material handling applications.

Make an inquiry for purchasing this report @

Ability to perform low speed cutting operations in range of different materials will increase the demand for these products in machine tool applications. The materials handling industry is influenced by rising transportation of goods and changing overall consumption patterns. Growing consumption of fast foods in smaller packages will drive demand across the packaging sector.

U.S. F&B and tobacco industry is focused towards competitive pricing along with sustainable production, packaging, and transportation solutions. This operational efficiency can be achieved by adopting automation solutions enabling manufacturers to develop high-quality products at lower costs. Rising automation needs in the U.S. will further support the market over the next eight years. Europe precision gearbox market share was responsible for over 30% of overall 2015 revenue and will grow significantly throughout the forecast timeline.

The industry participants focus on providing unique selling propositions by offering characteristics such as speed reducers with higher torque, high efficiency up to 96%-98% and maintenance-free construction. Some of the competitors are Brevini, SEW Eurodrive and Siemens.

Browse Related Reports:

Automotive Relay Market Size By Application (Body & Chassis, Powertrain, Safety & Security, Driver Information, Convenience), By Product (PCB Relay, Plug-In Relay), Industry Analysis Report, Regional Outlook (U.S., Mexico, Canada, UK, Germany, France, Spain, India, China, Japan, Brazil), Application Potential, Competitive Landscape & Forecast, 2016 – 2023

Automotive HVAC Market Size By Application (Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs), Passenger Cars), By Technology (Manual, Automatic), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, India, China, Japan, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue, Suite L 105,

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Precision Gearbox Market Research Report, 2016 – 2024: Global Market Insights Inc. here

News-ID: 598007 • Views: 245

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases

More Releases for Precision

Precision Medicine Market
Precision medicine is an approach of treatment that has been derived on the basis of individual variability in environment, genes and lifestyle of each person. This novel approach assists medical practitioners and researchers to understand various treatment needs in order to prevent specific diseases. It allows for highly precise targeting of medication for treatment of various diseases, which is expected to lead to high adoption by medical practitioners and researchers.
High Precision Linear Positioners
A large variety of high precision linear positioners, XY stages and vertical linear stages is offered by PI miCos. These highly accurate systems are available with many different drive options from stepper motors to rotary servo motors and electromagnetic linear motors. Miniature stages with piezo motors are also offered. Applications for these linear motion systems include semiconductor test equipment, photonics alignment, lab-automation, bio-nanotechnology, beam line instrumentation, aerospace technology,
High Precision in Six Axes
The H-811 miniature Hexapod from PI (Physik Instrumente) has very compact dimensions with a diameter of only 130 mm and a height of 115 mm. In addition to the vacuum version, it is now also available in an air version. The H-811 offers travel ranges of up to 35 mm in the XY level and up to 13 mm in the Z direction. It is especially the large tilting angles
Precision without Position Sensor
Phase shifters are used in laser measurement to align optical path lengths. These move optics in the range of a wavelength, which corresponds to an adjustment range of less than one micrometer. It is crucial for the alignment to take place quickly and in a stable manner. For the new S-303.BL phase shifter, PI (Physik Instrumente) replaces classic piezo ceramic PZT actuators (made of lead titanate - lead zirconate) with pico
Perfectly Aligned Precision
With the new N-664 linear positioning stage, PI (Physik Instrumente) has succeeded in developing a further groundbreaking piezo positioning system of the reference class. A NEXACT® piezo linear drive replaces the usual stepper or DC servo motor in the N-664, thus making a position resolution of far less than a nanometer possible. Aligned to it is the new PIOne optical linear encoder with a resolution of 0.5 nm, which allows for
Low-Profile Vacuum Precision Stage
Confined spaces in vacuum chambers require drives and positioning solutions which are particularly compact. With a height of only 21 mm the M-683.2V4 translation stage from Physik Instrumente (PI) is one of the flattest micro-translation stages on the market, and is now also available for use in vacuum environments to 10-6 mbar. An encoder resolution of 0.1 µm over 50 mm travel makes it ideal for tasks requiring a high