According to IMARC Group’s latest report, titled “Industrial Gearbox Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global industrial gearbox market is expected to exhibit a CAGR of 4.57% during 2022-2027.
An industrial gearbox is a mechanical system wherein mechanical energy is transferred to an output device. It is employed to modify torque and speed for converting energy into a usable form. It offers high efficiency and load-carrying capacity and helps minimize vibration and noise in the system. It also aids in efficiently running the machinery used in different applications, such as automotive, construction and mining equipment, wind power, chemical, rubber and plastic, material handling, power generation, and agriculture.
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Market trends
At present, the rising adoption of robotic machinery and escalating demand for controlling noise pollution across different industries represent one of the key factors catalyzing the installation of industrial gearboxes. Apart from this, industrial gearboxes are utilized in power plants for performing vital functions, such as driving air preheaters, coal crushers, turbine drives, conveying systems, and cooling tower fans. Furthermore, the easy availability of multiple industrial gearbox variants, such as helical, planetary, bevel, spur, and worm, is fueling the growth of the market.
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List of Key Companies Covered in this Market Report:
- 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.
- SEW-EURODRIVE GmbH Co KG.
The report has segmented the market on the basis of type, design, application and geography.
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 Geography:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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