Industrial Gearbox Market - Global Industry Analysis

Industrial Gearbox Market By Type(Planetary, Helical, Bevel, Spur, Worm, Other (Helical-Bevel, Planetary Worm)), By Design(Parallel axis, Angular axis, Others (non-coplanar and non-parallel axis)),By Industry(Wind Power, Cement & Aggregates, Chemical, Rubber & Plastics, Construction, Food & Beverage, Marine, Material Handling, Metals & Mining, Power Generation, Recreational Vehicle, Transportation, Industry, Agriculture, Automotive, Others (Aerospace, Defense, Semiconductor, Robotics, Textile, Healthcare)), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028

Published Date: 26-May-2022 Category: Heavy Industry Report Format : PDF Pages: 188 Report Code: ZMR-3491 Status : Published

Request For Customization Request Free Brochure Request Free Sample Buy Now

Description

Industry Prospective:

The global Industrial Gearbox market was worth around USD 26.90 billion in 2021 and is estimated to grow to about USD 33.84 billion by 2028, with a compound annual growth rate (CAGR) of approximately 3.90 percent over the forecast period. The report analyzes the Industrial Gearbox market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Industrial Gearbox market.

Industrial Gearbox Market: Overview

An enclosed system that conveys mechanical energy to an output device is known as an industrial gearbox. Gearboxes can change the speed, torque, and other characteristics of the energy to make it usable. Gearboxes are found in a wide range of devices and serve a variety of functions. To improve torque and speed, these machines can reduce the rate of rotation. The growing use of automation across all industrial sectors is a primary driver for the expansion of the industrial gearbox industry, however direct drive systems are a stumbling block. Misalignment, lubrication concerns, bearing issues, and thermal instability are just a few of the market's challenges.

The global market for industrial gearboxes is primarily driven by the increasing acceptance of Industry 4.0 trends, as well as the rising usage of automated machinery. Furthermore, the introduction of severe government requirements for decreasing noise pollution and power overload across industrial units is boosting the use of industrial gearboxes. A large increase in the renewable energy sector is also driving demand for products that absorb kinetic energy in wind or hydro turbines to generate power. The market for industrial gearboxes is being catalysed by the adoption of favourable government regulations and financial incentives for the development of clean and safe power sources.

COVID-19 Impact:

The industrial gearbox market's primary end-user sectors, such as power, metals, mining and minerals, were all hit by the economic downturn. Furthermore, regulations forced some vehicle makers to close their showrooms, resulting in a significant drop in sales. Automobile companies such as Volkswagen (VW) Group, for example, saw a 15% drop in car sales in 2020, or 1,669,925 units, as compared to the previous year. As a result, it expects an 11.8 percent decline in global sales income in 2020.

Global Industrial Gearbox Market

Industrial Gearbox Market: Growth Drivers

Rising Adoption of Industrial Adoption & Improving Industrialization to drive global market growth

During the forecast period, factors such as rapidly increasing industrialization and rising measures to modernise industrial infrastructure will propel the industrial gearbox market forward. The market's footprint will grow as more applications and government support are made available for developing advanced energy flexible and effective buildings. Increased automated activities, as well as an increase in the number of growing economies, will expand the market's current boundaries..

Industrial Gearbox Market: Restraints

Higher maintenances costs in Industrial Gearboxes to hamper the market growth

Periodic maintenance, including an oil change, is required for all gearboxes. Contamination from dirt, debris, and other fluids such as water should be examined on a regular basis. Oil should also be replaced on a regular basis, depending on the number of hours of operation and the temperature of the oil.

Global Industrial Gearbox Market: Segmentation

The global Industrial Gearbox market is segregated based on type, desgin, industry, and region.

By type, the market is classified into planetary, helical, bevel, spur, worm, other (helical-bevel, planetary worm). The teeth of a helical gear cut at an angle to the gear's face in a helical gearbox. When two teeth make contact during the process, it happens gradually, starting at one end of the tooth and continuing until the gear spins in complete engagement. As a result, it is capable of running a smooth operation while providing high thrust outputs. It is the most commonly utilised gear in vehicle transmissions since it creates a lot of thrust. 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 percent efficiency. Helical gearboxes are used in key industries such as power, fertilizer, rolling mills, automobile, steel, and port industries, as well as manufacturing sectors such as plastics, textile, and food, due to their high efficiency and thrust generating capabilities.

Wind power, cement & aggregate, chemical, rubber & plastic, construction, food & beverage, maritime, material handling, metals & mining, power generation, recreational vehicle, transport industry, agricultural, automotive, and others are the end-user segments of the market. The market for wind power is predicted to increase at the fastest rate. With 38.6 GW of wind capacity as of 2020, India is the world's fourth-largest onshore wind market by installations. The country's wind power sector has been developing due to two major factors: increased energy demand and government mandates.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Recent Developments

March 2021- Nanjing High Accuracy Drive Equipment Manufacturing Group Co. is a company based in (NGC) placed an order for roughly 656 gearboxes which included specifically PDM460 dual-stage gears. The Perth subway system in Australia has placed an order for gearboxes. The PDM460 subway gearbox utilised in this order was advertised as having strong bearing capacity, great reliability, and other qualities.
October 2020- It's ideal for varied loads and high vibrations (improves gearbox transmission performance) in a temperature range of -25°C to 50°C.At the China Wind Power (CWP) 2020 show in, Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd (NGC) debuted its WinGearTM brand 3.x MW main gearbox platform. The gearbox uses an improved bearing technology and a modular design idea to achieve high torque density while lowering electricity costs. Moreover, the gearbox is lighter in weight as compared to other industrial gearboxes available.

Regional Landscape

Due to rising demand for gearboxes in various applications such as the manufacturing sector, power industry, and others, the Asia-Pacific region accounted for a major proportion of the industrial gearbox market in 2020. China has played a critical role in the global industrial sector's expansion. In the chemical, steel, power, and cement industries, the country is the market leader, and it is also a major player in the petrochemical and refining industries. In addition, steel production in 2020 is expected to expand by 6.5 percent over the previous year. China is the world's largest producer and exporter of crude steel, accounting for more than half of worldwide output.Steel consumption is likely to rise as a result of China's One Belt One Road project, which aims to close the region's infrastructural gap. Furthermore, one refinery is undergoing expansion as of August 2021, and three new refineries are slated to start operations in 2021. By 2022, one refinery is planned to be operational. As a result, the country is likely to see a growth in industrial gearbox installations in the energy sector throughout the projection period, thanks to the expansion of refineries and petrochemical businesses, as well as the planned coal-fired plants.

Competitive Landscape

Some of the main competitors dominating 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 is segmented as follows:

By Type

Planetary
Helical
Bevel
Spur
Worm
Other (Helical-Bevel, Planetary Worm)

By Design

Parallel axis
Angular axis
Others (non-coplanar and non-parallel axis)

By Industry

Wind Power
Cement & Aggregates
Chemical, Rubber & Plastics
Construction
Food & Beverage
Marine
Material Handling
Metals & Mining
Power Generation
Recreational Vehicle
Transportation Industry
Agriculture
Automotive
Others (Aerospace, Defense, Semiconductor, Robotics, Textile, Healthcare)

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
  - 1.3.1 Market Research Type
  - 1.3.2 Market research methodology
Chapter 2. Executive Summary
- 2.1 Global Industrial Gearbox Market, (2022 - 2028) (USD Billion)
- 2.2 Global Industrial Gearbox Market : snapshot
Chapter 3. Global Industrial Gearbox Market - Industry Analysis
- 3.1 Industrial Gearbox Market: Market Dynamics
- 3.2 Market Drivers
  - 3.2.1 Rising Adoption of Industrial Adoption & Improving Industrialization to drive global market growth
- 3.3 Market Restraints
  - 3.3.1. Higher maintenances costs in Industrial Gearboxes to hamper the market growth
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
  - 3.7.1 Market attractiveness analysis By Type
  - 3.7.2 Market attractiveness analysis By Design
  - 3.7.3 Market attractiveness analysis By Industry
Chapter 4. Global Industrial Gearbox Market- Competitive Landscape
- 4.1 Company market share analysis
  - 4.1.1 Global Industrial Gearbox Market: company market share, 2021
- 4.2 Strategic development
  - 4.2.1 Acquisitions & mergers
  - 4.2.2 New Product launches
  - 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
Chapter 5. Global Industrial Gearbox Market - Type Analysis
- 5.1 Global Industrial Gearbox Market overview: By Type
  - 5.1.1 Global Industrial Gearbox Market share, By Type, 2021 and 2028
- 5.2 Planetary
  - 5.2.1 Global Industrial Gearbox Market by Planetary, 2022 - 2028 (USD Billion)
- 5.3 Helical
  - 5.3.1 Global Industrial Gearbox Market by Helical, 2022 - 2028 (USD Billion)
- 5.4 Bevel
  - 5.4.1 Global Industrial Gearbox Market by Bevel, 2022 - 2028 (USD Billion)
- 5.5 Spur
  - 5.5.1 Global Industrial Gearbox Market by Spur, 2022 - 2028 (USD Billion)
- 5.6 Worm
  - 5.6.1 Global Industrial Gearbox Market by Worm, 2022 - 2028 (USD Billion)
- 5.7 Other (Helical-Bevel, Planetary Worm)
  - 5.7.1 Global Industrial Gearbox Market by Other (Helical-Bevel, Planetary Worm), 2022 - 2028 (USD Billion)
Chapter 6. Global Industrial Gearbox Market - Design Analysis
- 6.1 Global Industrial Gearbox Market overview: By Design
  - 6.1.1 Global Industrial Gearbox Market share, By Design, 2021 and 2028
- 6.2 Parallel axis
  - 6.2.1 Global Industrial Gearbox Market by Parallel axis, 2022 - 2028 (USD Billion)
- 6.3 Angular axis
  - 6.3.1 Global Industrial Gearbox Market by Angular axis, 2022 - 2028 (USD Billion)
- 6.4 Others (non-coplanar and non-parallel axis)
  - 6.4.1 Global Industrial Gearbox Market by Others (non-coplanar and non-parallel axis), 2022 - 2028 (USD Billion)
Chapter 7. Global Industrial Gearbox Market - Industry Analysis
- 7.1 Global Industrial Gearbox Market overview: By Industry
  - 7.1.1 Global Industrial Gearbox Market share, By Industry, 2021 and 2028
- 7.2 Wind Power
  - 7.2.1 Global Industrial Gearbox Market by Wind Power, 2022 - 2028 (USD Billion)
- 7.3 Cement & Aggregates
  - 7.3.1 Global Industrial Gearbox Market by Cement & Aggregates, 2022 - 2028 (USD Billion)
- 7.4 Chemical, Rubber & Plastics
  - 7.4.1 Global Industrial Gearbox Market by Chemical, Rubber & Plastics, 2022 - 2028 (USD Billion)
- 7.5 Construction
  - 7.5.1 Global Industrial Gearbox Market by Construction, 2022 - 2028 (USD Billion)
- 7.6 Food & Beverage
  - 7.6.1 Global Industrial Gearbox Market by Food & Beverage, 2022 - 2028 (USD Billion)
- 7.7 Marine
  - 7.7.1 Global Industrial Gearbox Market by Marine, 2022 - 2028 (USD Billion)
- 7.8 Material Handling
  - 7.8.1 Global Industrial Gearbox Market by Material Handling, 2022 - 2028 (USD Billion)
- 7.9 Metals & Mining
  - 7.9.1 Global Industrial Gearbox Market by Metals & Mining, 2022 - 2028 (USD Billion)
- 7.10 Power Generation
  - 7.10.1 Global Industrial Gearbox Market by Power Generation, 2022 - 2028 (USD Billion)
- 7.11 Recreational Vehicle
  - 7.11.1 Global Industrial Gearbox Market by Recreational Vehicle, 2022 - 2028 (USD Billion)
- 7.12 Transportation Industry
  - 7.12.1 Global Industrial Gearbox Market by Transportation Industry, 2022 - 2028 (USD Billion)
- 7.13 Agriculture
  - 7.13.1 Global Industrial Gearbox Market by Agriculture, 2022 - 2028 (USD Billion)
- 7.14 Automotive
  - 7.14.1 Global Industrial Gearbox Market by Automotive, 2022 - 2028 (USD Billion)
- 7.15 Others (Aerospace, Defense, Semiconductor, Robotics, Textile, Healthcare)
  - 7.15.1 Global Industrial Gearbox Market by Others (Aerospace, Defense, Semiconductor, Robotics, Textile, Healthcare), 2022 - 2028 (USD Billion)
Chapter 8. Industrial Gearbox Market - Regional Analysis
- 8.1 Global Industrial Gearbox Market Regional Overview
- 8.2 Global Industrial Gearbox Market Share, by Region, 2021 & 2028 (USD Billion)
- 8.3. North America
  - 8.3.1 North America Industrial Gearbox Market, 2022 - 2028 (USD Billion)
    - 8.3.1.1 North America Industrial Gearbox Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 North America Industrial Gearbox Market, by Type, 2022 - 2028
  - 8.4.1 North America Industrial Gearbox Market, by Type, 2022 - 2028 (USD Billion)
- 8.5 North America Industrial Gearbox Market, by Design, 2022 - 2028
  - 8.5.1 North America Industrial Gearbox Market, by Design, 2022 - 2028 (USD Billion)
- 8.6 North America Industrial Gearbox Market, by Industry, 2022 - 2028
  - 8.6.1 North America Industrial Gearbox Market, by Industry, 2022 - 2028 (USD Billion)
- 8.4. Europe
  - 8.4.2 Europe Industrial Gearbox Market, 2022 - 2028 (USD Billion)
    - 8.4.2.1 Europe Industrial Gearbox Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 Europe Industrial Gearbox Market, by Type, 2022 - 2028
  - 8.4.1 Europe Industrial Gearbox Market, by Type, 2022 - 2028 (USD Billion)
- 8.5 Europe Industrial Gearbox Market, by Design, 2022 - 2028
  - 8.5.1 Europe Industrial Gearbox Market, by Design, 2022 - 2028 (USD Billion)
- 8.6 Europe Industrial Gearbox Market, by Industry, 2022 - 2028
  - 8.6.1 Europe Industrial Gearbox Market, by Industry, 2022 - 2028 (USD Billion)
- 8.5. Asia Pacific
  - 8.5.3 Asia Pacific Industrial Gearbox Market, 2022 - 2028 (USD Billion)
    - 8.5.3.1 Asia Pacific Industrial Gearbox Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 Asia Pacific Industrial Gearbox Market, by Type, 2022 - 2028
  - 8.4.1 Asia Pacific Industrial Gearbox Market, by Type, 2022 - 2028 (USD Billion)
- 8.5 Asia Pacific Industrial Gearbox Market, by Design, 2022 - 2028
  - 8.5.1 Asia Pacific Industrial Gearbox Market, by Design, 2022 - 2028 (USD Billion)
- 8.6 Asia Pacific Industrial Gearbox Market, by Industry, 2022 - 2028
  - 8.6.1 Asia Pacific Industrial Gearbox Market, by Industry, 2022 - 2028 (USD Billion)
- 8.6. Latin America
  - 8.6.4 Latin America Industrial Gearbox Market, 2022 - 2028 (USD Billion)
    - 8.6.4.1 Latin America Industrial Gearbox Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 Latin America Industrial Gearbox Market, by Type, 2022 - 2028
  - 8.4.1 Latin America Industrial Gearbox Market, by Type, 2022 - 2028 (USD Billion)
- 8.5 Latin America Industrial Gearbox Market, by Design, 2022 - 2028
  - 8.5.1 Latin America Industrial Gearbox Market, by Design, 2022 - 2028 (USD Billion)
- 8.6 Latin America Industrial Gearbox Market, by Industry, 2022 - 2028
  - 8.6.1 Latin America Industrial Gearbox Market, by Industry, 2022 - 2028 (USD Billion)
- 8.7. The Middle-East and Africa
  - 8.7.5 The Middle-East and Africa Industrial Gearbox Market, 2022 - 2028 (USD Billion)
    - 8.7.5.1 The Middle-East and Africa Industrial Gearbox Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 The Middle-East and Africa Industrial Gearbox Market, by Type, 2022 - 2028
  - 8.4.1 The Middle-East and Africa Industrial Gearbox Market, by Type, 2022 - 2028 (USD Billion)
- 8.5 The Middle-East and Africa Industrial Gearbox Market, by Design, 2022 - 2028
  - 8.5.1 The Middle-East and Africa Industrial Gearbox Market, by Design, 2022 - 2028 (USD Billion)
- 8.6 The Middle-East and Africa Industrial Gearbox Market, by Industry, 2022 - 2028
  - 8.6.1 The Middle-East and Africa Industrial Gearbox Market, by Industry, 2022 - 2028 (USD Billion)
Chapter 9. Company Profiles
- 9.1 Siemens AG (Germany)
  - 9.1.1 Overview
  - 9.1.2 Financials
  - 9.1.3 Product Portfolio
  - 9.1.4 Business Strategy
  - 9.1.5 Recent Developments
- 9.2 Bonfiglioli Italia S.P.A (Italy)
  - 9.2.1 Overview
  - 9.2.2 Financials
  - 9.2.3 Product Portfolio
  - 9.2.4 Business Strategy
  - 9.2.5 Recent Developments
- 9.3 Bondioli & Pavesi (Italy)
  - 9.3.1 Overview
  - 9.3.2 Financials
  - 9.3.3 Product Portfolio
  - 9.3.4 Business Strategy
  - 9.3.5 Recent Developments
- 9.4 Sew-Eurodrive (Germany)
  - 9.4.1 Overview
  - 9.4.2 Financials
  - 9.4.3 Product Portfolio
  - 9.4.4 Business Strategy
  - 9.4.5 Recent Developments
- 9.5 Dana Brevini (Italy).
  - 9.5.1 Overview
  - 9.5.2 Financials
  - 9.5.3 Product Portfolio
  - 9.5.4 Business Strategy
  - 9.5.5 Recent Developments

Table Of Figures

1. Market research Type
2. Market research methodology
3. Global Industrial Gearbox Market, 2022 - 2028 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Industrial Gearbox Market attractiveness, By Type
6. Global Industrial Gearbox Market attractiveness, By Design
7. Global Industrial Gearbox Market attractiveness, By Industry
8. Global Industrial Gearbox Market share by Type, 2022 and 2028 (USD Billion)
9. Global Industrial Gearbox Market by Planetary, 2022 - 2028 (USD Billion)
10. Global Industrial Gearbox Market by Helical, 2022 - 2028 (USD Billion)
11. Global Industrial Gearbox Market by Bevel, 2022 - 2028 (USD Billion)
12. Global Industrial Gearbox Market by Spur, 2022 - 2028 (USD Billion)
13. Global Industrial Gearbox Market by Worm, 2022 - 2028 (USD Billion)
14. Global Industrial Gearbox Market by Other (Helical-Bevel, Planetary Worm), 2022 - 2028 (USD Billion)
15. Global Industrial Gearbox Market share by Design, 2022 and 2028 (USD Billion)
16. Global Industrial Gearbox Market by Parallel axis, 2022 - 2028 (USD Billion)
17. Global Industrial Gearbox Market by Angular axis, 2022 - 2028 (USD Billion)
18. Global Industrial Gearbox Market by Others (non-coplanar and non-parallel axis), 2022 - 2028 (USD Billion)
19. Global Industrial Gearbox Market share by Industry, 2022 and 2028 (USD Billion)
20. Global Industrial Gearbox Market by Wind Power, 2022 - 2028 (USD Billion)
21. Global Industrial Gearbox Market by Cement & Aggregates, 2022 - 2028 (USD Billion)
22. Global Industrial Gearbox Market by Chemical, Rubber & Plastics, 2022 - 2028 (USD Billion)
23. Global Industrial Gearbox Market by Construction, 2022 - 2028 (USD Billion)
24. Global Industrial Gearbox Market by Food & Beverage, 2022 - 2028 (USD Billion)
25. Global Industrial Gearbox Market by Marine, 2022 - 2028 (USD Billion)
26. Global Industrial Gearbox Market by Material Handling, 2022 - 2028 (USD Billion)
27. Global Industrial Gearbox Market by Metals & Mining, 2022 - 2028 (USD Billion)
28. Global Industrial Gearbox Market by Power Generation, 2022 - 2028 (USD Billion)
29. Global Industrial Gearbox Market by Recreational Vehicle, 2022 - 2028 (USD Billion)
30. Global Industrial Gearbox Market by Transportation Industry, 2022 - 2028 (USD Billion)
31. Global Industrial Gearbox Market by Agriculture, 2022 - 2028 (USD Billion)
32. Global Industrial Gearbox Market by Automotive, 2022 - 2028 (USD Billion)
33. Global Industrial Gearbox Market by Others (Aerospace, Defense, Semiconductor, Robotics, Textile, Healthcare), 2022 - 2028 (USD Billion)
34. Global Industrial Gearbox Market share, by Region, 2022 and 2028
35. North America Industrial Gearbox Market, 2022 - 2028 (USD Billion)
36. Europe Industrial Gearbox Market, 2022 - 2028 (USD Billion)
37. Asia Pacific Industrial Gearbox Market, 2022 - 2028 (USD Billion)
38. Latin America Industrial Gearbox Market, 2022 - 2028 (USD Billion)
39. The Middle-East and Africa Industrial Gearbox Market, 2022 - 2028 (USD Billion)

Table Of Tables

1. Global Industrial Gearbox Market: Snapshot
2. Drivers of the Industrial Gearbox Market: impact analysis
3. North America Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
4. North America Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
5. North America Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
6. U.S. Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
7. U.S. Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
8. U.S. Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
9. Canada Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
10. Canada Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
11. Canada Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
12. Europe Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
13. Europe Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
14. Europe Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
15. Germany Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
16. Germany Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
17. Germany Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
18. France Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
19. France Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
20. France Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
21. U.K. Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
22. U.K. Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
23. U.K. Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
24. Italy Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
25. Italy Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
26. Italy Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
27. Spain Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
28. Spain Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
29. Spain Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
30. Rest of Europe Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
31. Rest of Europe Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
32. Rest of Europe Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
33. Asia Pacific Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
34. Asia Pacific Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
35. Asia Pacific Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
36. China Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
37. China Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
38. China Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
39. Japan Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
40. Japan Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
41. Japan Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
42. India Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
43. India Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
44. India Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
45. South Korea Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
46. South Korea Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
47. South Korea Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
48. South-East Asia Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
49. South-East Asia Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
50. South-East Asia Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
51. Rest of Asia Pacific Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
52. Rest of Asia Pacific Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
53. Rest of Asia Pacific Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
54. Latin America Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
55. Latin America Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
56. Latin America Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
57. Brazil Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
58. Brazil Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
59. Brazil Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
60. Mexico Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
61. Mexico Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
62. Mexico Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
63. Rest of Latin America Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
64. Rest of Latin America Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
65. Rest of Latin America Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
66. The Middle-East and Africa Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
67. The Middle-East and Africa Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
68. The Middle-East and Africa Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
69. GCC Countries Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
70. GCC Countries Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
71. GCC Countries Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
72. South Africa Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
73. South Africa Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
74. South Africa Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)
75. Rest of Middle-East Africa Industrial Gearbox Market revenue, By Type, 2022 - 2028 (USD Billion)
76. Rest of Middle-East Africa Industrial Gearbox Market revenue, By Design, 2022 - 2028 (USD Billion)
77. Rest of Middle-East Africa Industrial Gearbox Market revenue, By Industry, 2022 - 2028 (USD Billion)

Methodology

Free Analysis

An industrial gearbox is a machine thatis required by various machine parts and components to function reliably and safely. As amatter of fact, the industrial gearbox acts as a mainstream component for every automobile or vehicle. Industrial gearboxes are also manufactured to control gear and torque of automobiles. Industrial gearbox is enclosed machinery equipment that mainly transmits mechanical energy to output devices. These gearboxes consist of a series of integrated gears enclosed in a system. Industrial gearboxes are used in a wide range of applications or purposes in a diverse range of devices. In simple words, industrial gearboxes simply transfer mechanical energy from one device to another by reducing the speed, thus increasing the torque.

Industrial gearbox market is experiencing the highest growth rate in developed as well as developing countries. Rapid growth in industrial automation is driving the growth of thismarket. Industrial automation can be defined as takingcontrol of machinery or any equipment with the help of technology,thereby increasing the output of any production followed by reducing the labor expenses and manpower. This has further encouraged the organizations to adopt robots and AI so that they can take control of the production process. This upsurge in industrial automation is happening globally. Robots and the automation equipment are generally used in manufacturing andautomotive,amongother industries. The growing demand to manufacture and produce robots in order to have precision in the production process is also propelling the growth of thismarket. The thought of cutting down labor costs and other expenses among organizations can only be achieved through the implementation of AI and robots. These factors are anticipated to substantially contribute towards the industrial gearbox market growth over the forecast period.

Global Industrial Gearbox Market

Based on type, the industrial gearbox market is segmented into helical,planetary, spur, bevel, worm, and others. On the basis of design, the industrial gearbox market is categorized into angular axis, parallel axis, and others. On the basis of end-user, thismarket is fragmented into food and beverages, wind power, construction, marine, agriculture, automotive, and others.

The Asia Pacificregion is growing with the highest growth rate in the globalindustrial gearboxmarket. Theregion is expectedto continue its domination over the forecast period. The growth of this regional market is attributed to thehugeinvestmentsmade by the government and private organizations in material handling, wind power, construction,and metalandmining sectors. Countries such as Japan, China,and India are constantly making investments in developing automation. These factors are anticipated to further drive the industry growth in the region over the forecast period. Europe is predicted to have a substantial revenue share in the global industrial gearbox market. Withongoing technological advancements, the organizations in thisregion are adopting AI robots in order to cut down labor expenses and focus on improvingproduction efficiency. These factors are expected to boost the growth and development of the global industrial gearbox market in Europe.

Some of the industry players involved in the industrial gearbox market include GearTech, Inc., (United Stars, Inc.), Klingelnberg GmbH, Inc., Essential Power Transmission Pvt. Ltd., Griffin Gear Inc.,Precipart Corporation, Cleveland Gear Company, NORD DrivesystemsPvt. Ltd., Allied Precision Gears Inc., SEW-Eurodrive, RenoldPlc, and Ashoka Machine Tools Corporation.

Choose License Type

Single User License

$4199.00 Multi User License

$5199.00 Enterprise Access License

$7199.00

Request the coronavirus impact analysis across industries and markets

Request impact analysis
on this market

RelatedNews

FrequentlyAsked Questions

Which key factors will influence Industrial Gearbox market growth over 2022-2028?

The construction industry's increased demand for industrial gearboxes to improve the operational efficiency of conveyors, crushers, plastic extruders, and other machines is boosting market expansion. The global market for industrial gearboxes will continue to be driven by the advent of several new technologies, such as artificial intelligence and robotics, for automated and highly efficient industrial applications in the future years.

What will be the value of the Industrial Gearbox market during 2022-2028?

According to the Market Research report, the global Industrial Gearbox market was worth about 26.90 (USD billion) in 2021 and is predicted to grow to around 33.84 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 3.90 percent.

Which region will contribute notably towards the Industrial Gearbox market value?

The Asia-Pacific region accounted for a significant portion of the industrial gearbox market in 2020, owing to increased demand for gearboxes in various applications such as the manufacturing sector, power industry, and others. China has been instrumental in the rise of the global industrial sector. The country is the market leader in the chemical, steel, electricity, and cement industries, as well as a prominent player in the petrochemical and refining industries. Furthermore, steel production is predicted to increase by 6.5 percent in 2020 compared to the previous year. China is the largest producer and exporter of crude steel in the world, accounting for more than half of global output.

Which are the major players leveraging the Industrial Gearbox market growth?

Some of the main competitors dominating 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)