Precision Gearbox Market Report by Axis of Orientation (In-Line/Coaxial, Right Angle, Parallel), Gear Technology (Planetary, Bevel, Helical, Spur, and Others), End Use Industry (Food and Beverage, Machine Tools, Materials Handling, Packaging, Robotics, Medical, and Others), and Region 2024-2032

Precision Gearbox Market Report by Axis of Orientation (In-Line/Coaxial, Right Angle, Parallel), Gear Technology (Planetary, Bevel, Helical, Spur, and Others), End Use Industry (Food and Beverage, Machine Tools, Materials Handling, Packaging, Robotics, Medical, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3230
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Market Overview:

The global precision gearbox market size is expected to exhibit a growth rate (CAGR) of 9% during 2024-2032.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032) 9%


A precision gearbox refers to a mechanical device that is widely used to offer higher tolerance as compared to conventional gearboxes. These devices are machined to exhibit an efficiency of more than 90% by increasing or decreasing the torque and altering speed under precise limits. Comprising two or more gears, their use assists in saving space as they contain compact component structures. They operate at low-frequency noises and are suitable for applications that require low speed. As a result, they find extensive applications in various industry including material handling, medical, robotics, packaging, machine tools and food and beverages.

Global Precision Gearbox Market

The global market is primarily driven by the increasing automation across various industries to enhance productivity and reliability, achieve energy efficiency and significantly reduce labor costs. Precision gearboxes form a crucial component of the systems that are extensively being deployed for automating processes, which, in turn, is providing a boost to their sales. Along with this, there has been a considerable rise in the deployment of robots in the manufacturing sector as a response to the rapid outbreak of the coronavirus disease (COVID-19) across the globe. This has created an incessant need for automation across the medical, pharmaceuticals, and food and beverage sectors to avoid manual operations and ensure minimum human intervention in the manufacturing and packaging processes. This, in turn, is acting as a major growth-inducing factor. Furthermore, continual technological advancements are anticipated to create a positive outlook for the market. Numerous players are now introducing lightweight and highly efficient product variants in the market that are gaining widespread prominence in applications that require low backlash and higher transmission accuracy. Other factors, including the rising preference for tailored precision gearboxes and the increasing product utilization in the automotive sector, are also contributing to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global precision gearbox market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on axis of orientation, gear technology and end use industry.

Breakup by Axis of Orientation:

  • In-Line/Coaxial
  • Right Angle
  • Parallel
     

Breakup by Gear Technology:

  • Planetary
  • Bevel
  • Helical
  • Spur
  • Others
     

Breakup by End Use Industry:

  • Food and Beverage
  • Machine Tools
  • Materials Handling
  • Packaging
  • Robotics
  • Medical
  • 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 along with the profiles of the key players being ABB Ltd., Apex Dynamics Inc., Bonfiglioli Riduttori S.p.A., Dana Incorporated, Güdel Group AG, Melior Motion GmbH, Nabtesco Corporation, Neugart GmbH, Nidec-Shimpo Corporation (Nidec Corporation), Rexnord Corporation, SEW-EURODRIVE GmbH & Co. KG, Siemens AG, The Timken Company and Wittenstein SE.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Axis of Orientation, Gear Technology, End Use Industry, 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., Apex Dynamics Inc., Bonfiglioli Riduttori S.p.A., Dana Incorporated, Güdel Group AG, Melior Motion GmbH, Nabtesco Corporation, Neugart GmbH, Nidec-Shimpo Corporation (Nidec Corporation), Rexnord Corporation, SEW-EURODRIVE GmbH & Co. KG, Siemens AG, The Timken Company and Wittenstein SE
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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 precision 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 precision gearbox market?
  • What are the key regional markets?
  • What is the breakup of the market based on the axis of orientation?
  • What is the breakup of the market based on the gear technology?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global precision gearbox market and who are the key players?
  • What is the degree of competition in the industry?

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Precision Gearbox Market Report by Axis of Orientation (In-Line/Coaxial, Right Angle, Parallel), Gear Technology (Planetary, Bevel, Helical, Spur, and Others), End Use Industry (Food and Beverage, Machine Tools, Materials Handling, Packaging, Robotics, Medical, and Others), and Region 2024-2032
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