Industrial Gearbox Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Industrial Gearbox Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3440
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Market Overview:

The global industrial gearbox market is expected to exhibit a CAGR of 4.57% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Industrial gearbox refers to an enclosed system that is used to transfer mechanical energy from one device to another. It can adjust the ratio of speed, torque, and rate of rotation transmitted to an output device. Some of the common product variants include spur gearbox, helical gearbox, coaxial helical inline gearbox, bevel helical gearbox, etc. These devices offer numerous advantages in enhancing operational output, minimizing workload, maintaining torque, controlling vibration and noise, etc. As a result, industrial gearbox finds extensive applications across diverse industries, such as power generation, construction, food and beverages, marine, material handling, metal and mining, agricultural, automotive, etc.

The increasing penetration of Industry 4.0 trends coupled with the rising adoption of automated machinery is primarily driving the global market for industrial gearboxes. Additionally, the implementation of stringent government regulations for controlling noise pollution and reducing power overload across industrial units is further augmenting the installation of industrial gearboxes. Apart from this, a significant growth in the renewable energy sector is also propelling the product demand for absorbing kinetic energy in the wind or hydro turbines to produce electricity. The introduction of favorable government policies and financial incentives for the development of clean and safe power sources is catalyzing the market for industrial gearboxes. Moreover, the growing demand for industrial gearboxes in the construction industry for enhancing the operational efficiency of conveyors, crushers, plastic extruders, etc., is further bolstering the market growth. In the coming years, the emergence of numerous advanced technologies, such as artificial intelligence and robotics, for automated and highly-efficient industrial purposes will continue to drive the global market for industrial gearboxes.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial gearbox market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, design and application.

Breakup by Type:

  • Helical Gearbox
  • Planetary Gearbox
  • Bevel Gearbox
  • Spur Gearbox
  • Worm Gearbox
  • Others
     

Breakup by Design:

  • Parallel Axis
  • Angled Axis
  • Others
     

Breakup by Application:

  • Construction and Mining Equipment
  • Automotive
  • Chemicals, Rubber and Plastic
  • Wind Power
  • Material Handling
  • Power Generation
  • Agriculture
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ABB Ltd., Altra Industrial Motion Corp., Bonfiglioli Riduttori SPA (Bonfi SRL), Bondioli & Pavesi S.p.A., Emerson Electric Co., Elecon Engineering Company Ltd., Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd. and SEW-EURODRIVE GmbH & Co KG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Design, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., Altra Industrial Motion Corp., Bonfiglioli Riduttori SPA (Bonfi SRL), Bondioli & Pavesi S.p.A., Emerson Electric Co., Elecon Engineering Company Ltd., Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd. and SEW-EURODRIVE GmbH & Co KG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global industrial gearbox market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global industrial gearbox market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the design?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global industrial gearbox market and who are the key players?
  • What is the degree of competition in the market?

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Industrial Gearbox Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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