Global Industrial Gearbox research report
'[ 170 + Pages Research Report ] Industrial Gearbox Market tsurpass USD 39,131.4 million by 2031 from USD 24,790.3 million in 2021 at a CAGR of 4.7% in the coming years, i.e., 2021-31.
Product Overview
Industrial gearbox is an enclosed system that delivers mechanical energy ta transmission unit. The technology reduces rotational speed and torque. Industrial gearboxes differ from normal gearboxes in that the former is required for most drives thave a long, steady life and a safety factor. An industrial gearbox converts mechanical power inta driving tool tmanage speed and torque and transform it functionally. Industrial gearboxes, unlike mass gearboxes, can manage many jobs at extremely high speeds for extended periods of time.
Market Highlights
Global Industrial Gearbox market is expected tproject a notable CAGR of 4.7% in 2031.
The rising automation in manufacturing industries such as automobiles, food processing, and farm machinery is driving the growth of the industrial gearbox market. Furthermore, the industry is being driven by rising investments in renewable energy generation, with a preference for wind power.
Global Industrial Gearbox: Segments
Planetary Gearbox segment tgrow with the highest CAGR during 2021-31
Based on type global Industrial Gearbox are segmented intWorm Gearbox, Helical Gearbox, Bevel Helical Gearbox, Planetary Gearbox, Other Types. Planetary Gearbox is expected tdominate the global Digital scent technology market through the forecast period. The growth in the market is majorly due tthe rising adoption of parallel axis industrial gear box in diverse industrial applications. Gears involving twaxes, which are parallel teach other, are called Parallel Axis Gears. For the transmission of rotation/power by parallel axis, Spur, Helical and Internal Gears are generally used. These are the most commonly used gears, with a wide range of applications, in various industries.
Parallel segment tgrow with the highest CAGR during 2021-31
Based on design global Industrial Gearbox are segmented intParallel, Angled. During the projection period, the Parallel is anticipated tdevelop at the fastest CAGR. Parallel shaft gearboxes are typically used in situations that need a lot of torque and horsepower. Parallel shaft gear motors are a form of gear motor that reduces the speed by using gears.
Market Dynamics
Drivers
Increasing adoption of industrial automation across various industrial sectors
The worldwide demand for industrial gearboxes is largely driven by the increasing acceptance along with the rising usage of automated machinery. The worldwide market for industrial gearboxes will continue tbe driven by the advent of several new technologies, such as artificial intelligence and robotics, for automated and highly efficient industrial applications in the coming years.
Rising requirement for clean energy sources
The growing number of investments targeted at advancing different industries, such as wind power and other forms of renewable energy generation, is expected tboost growth in the worldwide industrial gearbox market in the coming years. Product demand for absorbing kinetic energy in wind or hydrturbines tcreate electricity is increasing as the renewable energy sector grows. Industrial gearbox market is likely tdominate in the coming years owing tgrowing awareness about renewable energy.
Restraint
High maintenance and manufacturing cost
Milling, heat treatment, and other processes are all part of the production process for industrial gearboxes and is quite time taking. As a result, the worldwide industrial gearbox market's expansion is hampered by high production and maintenance costs.
Global Industrial Gearbox:
Key Players
ABB Group
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Bondioli & Pavesi S.p.A.
Bonfiglioli Italia S.p.A.
China High Speed Transmission Equipment Group Co., Ltd
Elecon Engineering Company Limited
Emerson Electric Company
Johnson Electric Holdings Limited
Siemens AG
SumitomHeavy Industries Gearbox Co., Ltd
The Timken Company
Other Prominent Players
Global Industrial Gearbox Market: Regions
Global Industrial Gearbox market is segmented based on regional analysis intfive major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. During the forecast period, Asia-Pacific is likely tlead the market place for the Industrial Gearbox, with the biggest market share in terms of value. The planned construction of wind power infrastructure, Asia-Pacific has offered significant potential. The existence of large manufacturing economies in the area, such as Japan and India, as well as the region's industrial sector's increasing automation.
Impact of Covid-19 on Industrial Gearbox Market
COVID-19 epidemic wreaked havoc on practically every major industry's supply chain throughout the world. Furthermore, industrial gearbox market's primary end-user industries, such as electricity, metals, mining and minerals, were all hit by the economic downturn. Slowdown in economic and industrial activities are expected thave a negative impact on the industrial gearbox market.
Global Industrial Gearbox Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Industrial Gearbox Market report alscontains analysis on:
Industrial Gearbox Market Segments:
By Type
Worm Gearbox
Helical Gearbox
Bevel Helical Gearbox
Planetary Gearbox
Other Types
By Design
Parallel
Angled
By Industry
Wind Power
Material Handling
Construction
Metal & Mining
Cement & Aggregate
Food & Beverage
General Manufacturing
Robotics
Size
Up t1 MW
Above 1 MW
Torque
Up TO 50,000 NM
Above 50,000 NM
Industrial Gearbox Market Dynamics
Industrial Gearbox Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Product Overview
Industrial gearbox is an enclosed system that delivers mechanical energy ta transmission unit. The technology reduces rotational speed and torque. Industrial gearboxes differ from normal gearboxes in that the former is required for most drives thave a long, steady life and a safety factor. An industrial gearbox converts mechanical power inta driving tool tmanage speed and torque and transform it functionally. Industrial gearboxes, unlike mass gearboxes, can manage many jobs at extremely high speeds for extended periods of time.
Market Highlights
Global Industrial Gearbox market is expected tproject a notable CAGR of 4.7% in 2031.
The rising automation in manufacturing industries such as automobiles, food processing, and farm machinery is driving the growth of the industrial gearbox market. Furthermore, the industry is being driven by rising investments in renewable energy generation, with a preference for wind power.
Global Industrial Gearbox: Segments
Planetary Gearbox segment tgrow with the highest CAGR during 2021-31
Based on type global Industrial Gearbox are segmented intWorm Gearbox, Helical Gearbox, Bevel Helical Gearbox, Planetary Gearbox, Other Types. Planetary Gearbox is expected tdominate the global Digital scent technology market through the forecast period. The growth in the market is majorly due tthe rising adoption of parallel axis industrial gear box in diverse industrial applications. Gears involving twaxes, which are parallel teach other, are called Parallel Axis Gears. For the transmission of rotation/power by parallel axis, Spur, Helical and Internal Gears are generally used. These are the most commonly used gears, with a wide range of applications, in various industries.
Parallel segment tgrow with the highest CAGR during 2021-31
Based on design global Industrial Gearbox are segmented intParallel, Angled. During the projection period, the Parallel is anticipated tdevelop at the fastest CAGR. Parallel shaft gearboxes are typically used in situations that need a lot of torque and horsepower. Parallel shaft gear motors are a form of gear motor that reduces the speed by using gears.
Market Dynamics
Drivers
Increasing adoption of industrial automation across various industrial sectors
The worldwide demand for industrial gearboxes is largely driven by the increasing acceptance along with the rising usage of automated machinery. The worldwide market for industrial gearboxes will continue tbe driven by the advent of several new technologies, such as artificial intelligence and robotics, for automated and highly efficient industrial applications in the coming years.
Rising requirement for clean energy sources
The growing number of investments targeted at advancing different industries, such as wind power and other forms of renewable energy generation, is expected tboost growth in the worldwide industrial gearbox market in the coming years. Product demand for absorbing kinetic energy in wind or hydrturbines tcreate electricity is increasing as the renewable energy sector grows. Industrial gearbox market is likely tdominate in the coming years owing tgrowing awareness about renewable energy.
Restraint
High maintenance and manufacturing cost
Milling, heat treatment, and other processes are all part of the production process for industrial gearboxes and is quite time taking. As a result, the worldwide industrial gearbox market's expansion is hampered by high production and maintenance costs.
Global Industrial Gearbox:
Key Players
ABB Group
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Bondioli & Pavesi S.p.A.
Bonfiglioli Italia S.p.A.
China High Speed Transmission Equipment Group Co., Ltd
Elecon Engineering Company Limited
Emerson Electric Company
Johnson Electric Holdings Limited
Siemens AG
SumitomHeavy Industries Gearbox Co., Ltd
The Timken Company
Other Prominent Players
Global Industrial Gearbox Market: Regions
Global Industrial Gearbox market is segmented based on regional analysis intfive major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. During the forecast period, Asia-Pacific is likely tlead the market place for the Industrial Gearbox, with the biggest market share in terms of value. The planned construction of wind power infrastructure, Asia-Pacific has offered significant potential. The existence of large manufacturing economies in the area, such as Japan and India, as well as the region's industrial sector's increasing automation.
Impact of Covid-19 on Industrial Gearbox Market
COVID-19 epidemic wreaked havoc on practically every major industry's supply chain throughout the world. Furthermore, industrial gearbox market's primary end-user industries, such as electricity, metals, mining and minerals, were all hit by the economic downturn. Slowdown in economic and industrial activities are expected thave a negative impact on the industrial gearbox market.
Global Industrial Gearbox Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Industrial Gearbox Market report alscontains analysis on:
Industrial Gearbox Market Segments:
By Type
Worm Gearbox
Helical Gearbox
Bevel Helical Gearbox
Planetary Gearbox
Other Types
By Design
Parallel
Angled
By Industry
Wind Power
Material Handling
Construction
Metal & Mining
Cement & Aggregate
Food & Beverage
General Manufacturing
Robotics
Size
Up t1 MW
Above 1 MW
Torque
Up TO 50,000 NM
Above 50,000 NM
Industrial Gearbox Market Dynamics
Industrial Gearbox Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. GLOBAL INDUSTRIAL GEARBOX MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL INDUSTRIAL GEARBOX MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL INDUSTRIAL GEARBOX MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12. GLOBAL INDUSTRIAL GEARBOX MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Type: Market Share (2020-2031F)
12.2.1. Worm Gearbox, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Helical Gearbox, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.3. Bevel Helical Gearbox, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.4. Planetary Gearbox, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.5. Other Types, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By Design: Market Share (2020-2031F)
12.3.1. Parallel, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Angled, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4. By Size: Market Share (2020-2031F)
12.4.1. Up to 1 MW, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.2. above 1 MW, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.5. By Torque: Market Share (2020-2031F)
12.5.1. Up To 50,000 NM, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.5.2. above 50,000 NM, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6. By Industry: Market Share (2020-2031F)
12.6.1. Wind Power, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.2. Material Handling, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.3. Construction, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.4. Metal & Mining, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.5. Cement & Aggregate, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.6. General Manufacturing, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.7. Robotics, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13. COMPANY PROFILE
13.1. ABB Group
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Bondioli & Pavesi S.p.A.,
13.3. Bonfiglioli Italia S.p.A.,
13.4. China High Speed Transmission,
13.5. Equipment Group Co., Ltd,
13.6. Elecon Engineering Company Limited,
13.7. Emerson Electric Company,
13.8. Johnson Electric Holdings Limited,
13.9. Siemens AG,
13.10. Sumitomo Heavy Industries,
13.11. Gearbox Co., Ltd,
13.12. The Timken Company
13.13. Other Prominent Players
14. CONSULTANT RECOMMENDATION
The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL INDUSTRIAL GEARBOX MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL INDUSTRIAL GEARBOX MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL INDUSTRIAL GEARBOX MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12. GLOBAL INDUSTRIAL GEARBOX MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Type: Market Share (2020-2031F)
12.2.1. Worm Gearbox, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Helical Gearbox, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.3. Bevel Helical Gearbox, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.4. Planetary Gearbox, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.5. Other Types, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By Design: Market Share (2020-2031F)
12.3.1. Parallel, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Angled, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4. By Size: Market Share (2020-2031F)
12.4.1. Up to 1 MW, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.2. above 1 MW, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.5. By Torque: Market Share (2020-2031F)
12.5.1. Up To 50,000 NM, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.5.2. above 50,000 NM, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6. By Industry: Market Share (2020-2031F)
12.6.1. Wind Power, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.2. Material Handling, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.3. Construction, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.4. Metal & Mining, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.5. Cement & Aggregate, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.6. General Manufacturing, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.6.7. Robotics, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13. COMPANY PROFILE
13.1. ABB Group
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Bondioli & Pavesi S.p.A.,
13.3. Bonfiglioli Italia S.p.A.,
13.4. China High Speed Transmission,
13.5. Equipment Group Co., Ltd,
13.6. Elecon Engineering Company Limited,
13.7. Emerson Electric Company,
13.8. Johnson Electric Holdings Limited,
13.9. Siemens AG,
13.10. Sumitomo Heavy Industries,
13.11. Gearbox Co., Ltd,
13.12. The Timken Company
13.13. Other Prominent Players
14. CONSULTANT RECOMMENDATION
The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
