Industrial Gearbox Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Report Code: ZMR-3736 | Report Format : | Status : Upcoming |

Abstract

Global Industrial Gearbox Market: Overview

Industrial gearbox is used in myriad industries and is available in various types including worm gearbox, planetary gearbox, skew bevel helical gearbox, coaxial helical inline gearbox, and bevel helical gearbox. Massive applications of industrial gearboxes in guitars, conveyor belts, elevators, gates, 3D printing, mining, transport, construction, and tank fabrication will succor the business space in the years ahead.

Global Industrial Gearbox Market: Growth Factors

Increasing requirement for energy efficient gearbox and clean energy sources are driving the growth of the industrial gearbox market in the years to come. In addition to this, the increasing automation activities witnessed in the manufacturing sector will facilitate the growth of the industrial gearbox market. Massive application of the product in end-use industries such as wind power, construction, metals & mining, marine, semiconductor, robotics, cement & aggregates, aerospace, farming, transport, healthcare, textile, defense, automotive, power generation, and recreational vehicle is anticipated to drive the industrial gearbox market trends in the coming years. Escalating growth witnessed in the wind power sector across the globe coupled with massive deployments of wind power equipment in regions such as Asia Pacific, Europe, and North America will further catapult the growth of industrial gearbox market in the years to come.

However, the slowdown witnessed in industrialization in Europe as a result of high labor costs and strict environmental rules can hinder the growth of the market in the ensuing years.

Global Industrial Gearbox Market: Segmentation

The global industrial gearbox market can be divided based on type, design, and industry. Based on the type, the market is sectored into planetary, spur, helical, worm, and bevel. Design wise, the industrial gearbox market is divided into angled and parallel designs. On the basis of industry, the industrial gearbox market is segmented into wind power, metal & mining, material handling, food & beverages, and cement & aggregate industries.

Global Industrial Gearbox Market: Regional Analysis

Based on regions, the global industrial gearbox market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the anticipated to dominate the global industrial gearbox market during the forecast period, owing to rising investment in construction, material handling, wind power, metal & mining, and agriculture sectors in the region. The countries such as Japan, China, and India are investing in developing automation in different industries such as construction, material handling, and metal & mining. In addition, these countries are increasing the share of renewable power generation in their total energy mix.  All these factors are predicted to steer the growth of industrial gearbox market in the coming years.

With countries such as Japan and China producing industrial gearboxes on a large-scale, the move is projected to impel industrial gearbox market growth in the near future.  In addition to this, the projected installation of wind power and the growing automation in the manufacturing industries in the region is predicted to accelerate the growth of the industrial gearbox market in Asia Pacific region. North America, MEA, and Latin America possess huge market growth potential.

Global Industrial Gearbox Market: Competitive Players

The key players in the global industrial gearbox market include Siemens AG (Germany), Bonfiglioli Italia S.P.A (Italy), Bondioli & Pavesi (Italy), Sew-Eurodrive (Germany), and Dana Brevini (Italy).  

Global Industrial Gearbox Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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