Industrial Gearbox Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Gearbox Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Gearbox Trends and Forecast

The future of the global industrial gearbox market looks promising with opportunities in the wind power, material handling, construction, metal & mining, cement & aggregate, and food & beverage markets. The global industrial gearbox market is expected to reach an estimated $37 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are high demand for industrial automation and growing industrialization in emerging economies.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Industrial Gearbox by Segment

The study includes a forecast for the global industrial gearbox by type, design, end use, and region.

Industrial Gearbox Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Planetary
• Helical
• Bevel
• Spur
• Worm

Industrial Gearbox Market by Design [Shipment Analysis by Value from 2018 to 2030]:

• Parallel
• Angled

Industrial Gearbox Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Wind Power
• Material Handling
• Construction
• Metal & Mining
• Cement & Aggregate
• Food & Beverage
• Others

Industrial Gearbox Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Gearbox Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial gearbox companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial gearbox companies profiled in this report include-

• Bonfiglioli
• Sumitomo Heavy Industries
• Sew Eurodrive
• Dana Brevini Power Transmission
• China High-Speed Transmission Equipment
• Emerson Electric
• Johnson Electric Holdings

Industrial Gearbox Market Insights

Lucintel forecasts that helical will remain the largest segment due to increasing automobile production.

Within this market, wind power will remain the largest segment due to increasing number of wind power installations.

APAC is expected to witness highest growth over the forecast period due to increasing automation in the manufacturing industries.

Features of the Global Industrial Gearbox Market

Market Size Estimates: Industrial gearbox market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial gearbox market size by type, design, end use, and region in terms of value ($B).

Regional Analysis: Industrial gearbox market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, designs, end uses, and regions for the industrial gearbox market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial gearbox market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the industrial gearbox market size?

Answer: The global industrial gearbox market is expected to reach an estimated $37 billion by 2030.

Q.2 What is the growth forecast for industrial gearbox market?

Answer: The global industrial gearbox market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the industrial gearbox market?

Answer: The major drivers for this market are high demand for industrial automation and growing industrialization in emerging economies.

Q4. What are the major segments for industrial gearbox market?

Answer: The future of the industrial gearbox market looks promising with opportunities in the wind power, material handling, construction, metal & mining, cement & aggregate, and food & beverage markets.

Q5. Who are the key industrial gearbox market companies?

Answer: Some of the key industrial gearbox companies are as follows:

• Bonfiglioli
• Sumitomo Heavy Industries
• Sew Eurodrive
• Dana Brevini Power Transmission
• China High-Speed Transmission Equipment
• Emerson Electric
• Johnson Electric Holdings

Q6. Which industrial gearbox market segment will be the largest in future?

Answer: Lucintel forecasts that helical will remain the largest segment due to increasing automobile production.

Q7. In industrial gearbox market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to increasing automation in the manufacturing industries.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the industrial gearbox market by type (planetary, helical, bevel, spur, and worm), design (parallel and angled), end use (wind power, material handling, construction, metal & mining, cement & aggregate, food & beverage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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