Industrial Gearbox Market was valued at US$ 29.68 Bn. in 2021. The global Industrial Gearbox Market size is estimated to grow at a CAGR of 4.36% over the forecast period.
Industrial Gearbox Market Overview:Industrial gearboxes, also known as mechanical gearboxes, are used in the industrial sector for a variety of purposes, including power transmission between machines, automation systems, and process units. This gearbox is a physical system for transporting mechanical energy from an input device to an output device. Many gadgets use industrial gearboxes because they are useful for slowing down the rate of rotation while increasing the speed. Planetary, bevel, worm, helical, and spur gearboxes are among the goods and solutions offered by manufacturers and competitors in the industrial gearbox market. Wind power, agriculture, construction, transportation, chemical, marine, cement and aggregate, material handling, automotive, rubber and plastics, power generation, metal and mining, recreational vehicles, aerospace and defense, and food and beverages all use these innovative products in the global industrial gearbox market for a variety of applications such as mixers, defusers, crystallizers, port lifting equipment, and pressure reducing valves. To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2021 is a year of exception and analysis, especially with the impact of lockdown by region.
Industrial Gearbox Market Dynamics:The global industrial gearbox market is expected to increase due to the rising adoption of industrial automation, as well as technical Advancement in robotics and industrial sectors. In addition, rising disposable income along with increased investments in renewable energy generation, and a preference for wind power, are expected to propel the industrial gearbox market forward. In addition, the target market's revenue growth is expected to be fueled by the increasing usage of automation in the manufacturing sector. Auto sales were hit hard at the start of the pandemic, with key countries including China, the United States, and Europe seeing significant declines in volume. However, since then, sales quantities have increased dramatically. As the automobile industry continues to recover from the effects of the pandemic, the global increase in demand for automobiles is expected to have a beneficial impact on the market for helical gearboxes. The use of helical gearboxes in electric car transmissions is predicted to boost demand for helical gearboxes as the automotive industry shifts its focus to electric vehicles. The development of inexpensive all-electric transmission powertrains represents a big growth opportunity for the helical gearbox market as EV sales continue to rise. A prominent trend being noticed in the market is major manufacturers investing with local players in order to improve technological developments, develop devices, and extend their geographical presence. The industrial gearbox market has a large opportunity in the Asia Pacific, owing to fast growing demand and falling costs of gearboxes used in wind energy generation. However, the high cost of devices is expected to be a major stumbling block to the industrial gearbox market's growth over the forecast period.
Industrial Gearbox Market Segment Analysis:Based on the Type, the Industrial Gearbox Market is segmented into Planetary, Helical, Bevel, Spur, and Worm. The Helical segment held the largest market share, accounting for 31% in 2021. The teeth of a helical gear are cut at an angle to the gear's face in a helical gearbox. When two of the teeth begin to connect during the process, the contact is gradual, beginning at one end of the tooth and continuing until the gear spins in full engagement. As a result, it has the ability to conduct a smooth operation while also producing strong thrust outputs. It is the most commonly utilized gear in vehicle transmissions since it creates a lot of thrusts. Helical gearboxes are distinguished by their extraordinarily high output torques, quiet operation, and long service life. After Planetary Gearboxes, Helical Gearboxes are the most efficient gearboxes in the business, working at 98% efficiency. Helical gearboxes are used in key industries such as fertilizer, automobile, steel, rolling mills, power, and port industries, as well as manufacturing sectors such as textile, plastics, and food, due to their high efficiency and thrust generating capabilities. The planetary gearbox segment is expected to witness significant growth at a CAGR of 4.6% during the forecast period. Planetary gearboxes are in high demand in the global industrial gearbox industry. This tendency can be traced back to the increased use of planetary gears in steel mills and wind turbines. Based on the Design, the Industrial Gearbox Market is segmented into Parallel and Angled. The Parallel segment held the largest market share, accounting for 72% in 2021. The parallel axis design is used to make helical and planetary gearboxes, which account for the majority of the market. As a result, the parallel axis sector is likely to dominate the market. Based on the End-Use Industry, the Industrial Gearbox Market is segmented into Wind Power, Material Handling, Construction, Metal & Mining, Cement & Aggregate, and Food & Beverage. The Wind Power segment held the largest market share, accounting for 34% in 2021. The falling cost of components used in wind turbines is causing broad development in wind generation capacity. Because of reasons such as improving designs, raw material and supply chain optimization, the presence of new major players, and greater economies of scale, the price of wind turbine gearboxes is gradually declining, resulting in increased demand for gearboxes. The industrial gearbox industry will continue to develop as the cost of gearboxes used in wind power generation decreases.
Industrial Gearbox Market Regional Insights:The Asia Pacific region held the largest market share accounting for 36% in 2021. The region’s growth is attributed to the growing demand for gearboxes in various applications such as the manufacturing sector, power industry, and others. India, China, Japan, Korea, and Australia are among the region's most important contributors. China has played a crucial role in the global industrial sector's growth. In the steel, chemical, power, and cement industries, the country is the market leader, and it is also a major player in the petrochemical and refining industries. Due to rising technological improvements in the area, the North American market is expected to grow at a significant rate at a CAGR of 4.4% during the forecast period. Thanks to the increasingly high degree of sophistication and scope of applications in the countries in the region, the market in Europe is expected to develop at a rapid rate in terms of revenue. The objective of the report is to present a comprehensive analysis of the global Industrial Gearbox Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Industrial Gearbox Market dynamic, structure by analyzing the market segments and projecting the Industrial Gearbox Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Industrial Gearbox Market make the report investor’s guide.
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Industrial Gearbox Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 29.58 Bn. Forecast Period 2021 to 2027 CAGR: 4.36% Market Size in 2027: US $ 38.34 Bn. Segments Covered: by Type • Planetary • Helical • Bevel • Spur • Worm by Design • Parallel • Angled by End-Use Industry • Wind Power • Material Handling • Construction • Metal & Mining • Cement & Aggregate • Food & Beverage
Industrial Gearbox Market by Region• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa
Industrial Gearbox Market Key Players• Emerson Electric Co. • Johnson Electric Holdings Limited • Sumitomo Heavy Industries Ltd. • Watt Drive Weg Group. • Sew-Eurodrive • GKN Off-Highway Powertrain • ABB • Bauer Gear Motor • Bondioli & Pavesi • Dana Brevini • Comer Industries • Elecon Engineering • China High Speed Transmission Equipment Group Co., Ltd. • Siemens AG • Bonfiglioli Italia S.P.A • GearTech, Inc. • Klingelnberg GmbH, Inc • Essential Power Transmission Pvt. Ltd. • Griffin Gear Inc. • Precipart Corporation • Cleveland Gear Company • NORD drivesystems Pvt. Ltd. • Allied Precision Gears Inc. • Renold Plc, • Ashoka Machine Tools Corporation Frequently Asked Questions: 1] What segments are covered in the Industrial Gearbox Market report? Ans. The segments covered in the Industrial Gearbox Market report are based on the Type, Design, and End-Use Industry. 2] Which region is expected to hold the highest share in the Industrial Gearbox Market? Ans. The Asia Pacific region is expected to hold the highest share in the Industrial Gearbox Market. 3] What is the market size of the Industrial Gearbox Market by 2027? Ans. The market size of the Industrial Gearbox Market by 2027 is expected to reach at US$ 38.34 Bn. 4] What is the forecast period for the Industrial Gearbox Market? Ans. The forecast period for the Industrial Gearbox Market is 2022-2027. 5] What was the market size of the Industrial Gearbox Market in 2021? Ans. The market size of the Industrial Gearbox Market in 2021 was valued at US$ 29.68 Bn.
1. Global Industrial Gearbox Market Size: Research Methodology 2. Global Industrial Gearbox Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Industrial Gearbox Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Industrial Gearbox Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Industrial Gearbox Market Size Segmentation 4.1. Global Industrial Gearbox Market Size, by Type (2021-2027) • Planetary • Helical • Bevel • Spur • Worm 4.2. Global Industrial Gearbox Market Size, by Design (2021-2027) • Parallel • Angled 4.3. Global Industrial Gearbox Market Size, by End-Use Industry (2021-2027) • Wind Power • Material Handling • Construction • Metal & Mining • Cement & Aggregate • Food & Beverage 5. North America Industrial Gearbox Market (2021-2027) 5.1. North America Industrial Gearbox Market Size, by Type (2021-2027) • Planetary • Helical • Bevel • Spur • Worm 5.2. North America Industrial Gearbox Market Size, by Design (2021-2027) • Parallel • Angled 5.3. North America Industrial Gearbox Market Size, by End Use Industry (2021-2027) • Wind Power • Material Handling • Construction • Metal & Mining • Cement & Aggregate • Food & Beverage 5.4. North America Industrial Gearbox Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Industrial Gearbox Market (2021-2027) 6.1. European Industrial Gearbox Market, by Type (2021-2027) 6.2. European Industrial Gearbox Market, by Design (2021-2027) 6.3. European Industrial Gearbox Market, by End Use Industry (2021-2027) 6.4. European Industrial Gearbox Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Industrial Gearbox Market (2021-2027) 7.1. Asia Pacific Industrial Gearbox Market, by Type (2021-2027) 7.2. Asia Pacific Industrial Gearbox Market, by Design (2021-2027) 7.3. Asia Pacific Industrial Gearbox Market, by End Use Industry (2021-2027) 7.4. Asia Pacific Industrial Gearbox Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Industrial Gearbox Market (2021-2027) 8.1. The Middle East and Africa Industrial Gearbox Market, by Type (2021-2027) 8.2. The Middle East and Africa Industrial Gearbox Market, by Design (2021-2027) 8.3. The Middle East and Africa Industrial Gearbox Market, by End Use Industry (2021-2027) 8.4. The Middle East and Africa Industrial Gearbox Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Industrial Gearbox Market (2021-2027) 9.1. Latin America Industrial Gearbox Market, by Type (2021-2027) 9.2. Latin America Industrial Gearbox Market, by Design (2021-2027) 9.3. Latin America Industrial Gearbox Market, by End Use Industry (2021-2027) 9.4. Latin America Industrial Gearbox Market, by Country (2021-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Emerson Electric Co. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Johnson Electric Holdings Limited 10.3. Sumitomo Heavy Industries Ltd. 10.4. Watt Drive Weg Group. 10.5. Sew-Eurodrive 10.6. GKN Off-Highway Powertrain 10.7. ABB 10.8. Bauer Gear Motor 10.9. Bondioli & Pavesi 10.10. Dana Brevini 10.11. Comer Industries 10.12. Elecon Engineering 10.13. China High Speed Transmission Equipment Group Co., Ltd. 10.14. Siemens AG 10.15. Bonfiglioli Italia S.P.A 10.16. GearTech, Inc. 10.17. Klingelnberg GmbH, Inc 10.18. Essential Power Transmission Pvt. Ltd. 10.19. Griffin Gear Inc. 10.20. Precipart Corporation 10.21. Cleveland Gear Company 10.22. NORD drive systems Pvt. Ltd. 10.23. Allied Precision Gears Inc. 10.24. Renold Plc, 10.25. Ashoka Machine Tools Corporation