Global Industrial Gearbox Market Growth 2023-2029

Global Industrial Gearbox Market Growth 2023-2029

Industrial gearboxes or reduction gearboxes, are gearboxes used in the industrial field, which are basically used in basic industries. Generally used in conjunction with a motor, the output speed and torque can be changed through the cooperation between mechanical gears.
LPI (LP Information)' newest research report, the “Industrial Gearbox Industry Forecast” looks at past sales and reviews total world Industrial Gearbox sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Gearbox sales for 2023 through 2029. With Industrial Gearbox sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Gearbox industry.
This Insight Report provides a comprehensive analysis of the global Industrial Gearbox landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Gearbox portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Gearbox market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Gearbox and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Gearbox.
The global Industrial Gearbox market size is projected to grow from US$ 27130 million in 2022 to US$ 36560 million in 2029; it is expected to grow at a CAGR of 36560 from 2023 to 2029.
From the perspective of suppliers, the major global manufacturers include Aisin Seiki, ZF, Jatco, Volkswagen, Magna PT, Sew-Eurodrive, China High Speed Transmission, Siemens, Sumitomo Heavy Industries, Dana, AB, Bonfiglioli and Lake Snow and other companies, the total output value of the first five companies in 2019 accounted for about 28.1% of the total market share. From the perspective of product characteristics and industrial structure, the global industrial gearbox market is relatively fragmented. The global industrial gearbox market is highly competitive, with market leaders such as ZF, Sumitomo Heavy Industries and Siemens.
It is estimated that by 2026, China's industrial gearbox market will account for approximately 30% of the global market.
Among all the application of Industrial Gearbox, the car has the biggest market share of 94%. The wind power market is expected to be the fastest growing industry in the industrial gearbox market.
Industrial Gearbox can be divided into two parts: Single-stage Gearbox and Multi-stage Gearbox, Single-stage Gearbox takes nearly 91% of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Gearbox market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Single-stage Gearbox
Multi-stage Gearbox
Segmentation by application
Construction and Mining Equipment
Car
Wind Power
Food Processing
Agriculture
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ZF Friedrichshafen
Sew-Eurodrive
China High Speed Transmission Equipment
Siemens
Sumitomo Heavy Industries
Dana
ABB
Bonfiglioli Group
Rexnord
Regal Beloit Corporation
Cone Drive Operations
Horsburgh & Scott
Curtis Machine Company

Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial Gearbox market?
What factors are driving Industrial Gearbox market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial Gearbox market opportunities vary by end market size?
How does Industrial Gearbox break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.