According to Stratistics MRC, the Global Industrial Gearbox market is accounted for $25.67 billion in 2017 and is expected to reach $43.00 billion by 2026 growing at a CAGR of 5.90%.
— Rising adoption of industrial automation across various industries and high demand for energy efficient gearboxes are impacting of the market. However, high maintenance cost and slowdown of the major economies in the European region are hindering the market growth. In addition, growing installation of gearboxes in renewable generation is providing ample of opportunities.
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An industrial gearbox is an enclosed system that transmits mechanical energy to an output device. The gears used in these applications are manufactured by job shops that specialize in small batch production over large varieties. Gearboxes can modify their speed, torque, and other attributes to convert the energy into a useable format. Gearboxes are used in a variety of devices, for a broad range of purposes.
Amongst Type, Worm drives due to this equipped with a wheel that has a large diameter. A worm screw meshes with the teeth on the worm wheel’s peripheral area. The worm usually resembles a screw while the wheel is similar to one section of a nut. By geography, Asia Pacific is dominated due to the growing automation in the manufacturing industries in the region is driving the growth. This region holds the largest market share globally as the countries such as China and Japan are among the largest manufacturing countries in the world.
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Some of the key players in the Industrial Gearbox market are Johnson Electric Holdings Limited, Emerson Electric Co, Siemens AG, ABB, Sumitomo Heavy Industries Ltd, Watt Drive Weg Group, GKN Off-Highway Powertrain, Elecon Engineering, Sew-Eurodrive, Bauer Gear Motor, Bondioli & Pavesi, Bonfiglioli, Dana Brevini, China High Speed Transmission Equipment Group Co., Ltd, Comer Industries, Ashoka Machine Tools Corporation, Essential Power Transmission Pvt. Ltd and Renold plc.
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• Angled Axis
• Parallel Axis
• Other Designs
• Other Types
End Users Covered:
• Transportation Industry
• Wind Power
• Cement & Aggregates
• Recreational Vehicle
• Chemical, Rubber & Plastics
• Power Generation
• Food & Beverage
• Material Handling
• Metals & Mining
• Other End users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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