Market Research

Industrial Gearbox Market Forecasts to 2028 – Global Analysis By Type (Planetary Gearbox, Worm Gearbox, Helical Gearbox, Bevel Helical Gearbox, Worm Gearbox and Other Types), Design (Parallel Axis and Angled Axis), Application and By Geography

Best Price Guarantee Length Publisher Published Date SKU
from $4,150 175 Pages Stratistics Market Research Consulting April, 2023 SMR17840928
Best Price Guarantee
Price from $4,150
Length 175 Pages
Publisher Stratistics Market Research Consulting
Published Date April, 2023
SKU SMR17840928

Industrial Gearbox Market Forecasts to 2028 – Global Analysis By Type (Planetary Gearbox, Worm Gearbox, Helical Gearbox, Bevel Helical Gearbox, Worm Gearbox and Other Types), Design (Parallel Axis and Angled Axis), Application and By Geography

According tStratistics MRC, the Global Industrial Gearbox Market is accounted for $1.82 billion in 2022 and is expected treach $3.01 billion by 2028 growing at a CAGR of 8.74% during the forecast period. Industrial gearbox refers tas an enclosed system in which the mechanical energy is transferred from one device tanother and is used tincrease torque while reducing speed. The industrial gearbox is used for transferring energy from one device tanother. The industrial gearbox is used for controlling the speed of devices and gadgets. In addition, the surge in demand for automotive parts is alsdriving the expansion of industrial gearbox market.

According tthe robotic survey, robots are presently used as an integral part of 44.9 % of the respondents' assembly and manufacturing facilities, according tthe poll. More specifically, 34.9 % of those with robots utilize collaborative robots (cobots), whereas the other 65.1 % use only industrial robots.

Market Dynamics:

Driver:

The rising adoption of industrial automation

Industrial automation systems are computerised systems that control and keep an eye on a procedure, machine, or other equipment as it carries out repetitive tasks. Tlessen and enhance the use of human labour in the workplace, they are built toperate independently. Timprove their position in the industrial gearbox market, many businesses are creating cutting-edge goods. Hence, these factors are driving the growth of the market.

Restraint:

Technical challenges

Technical requirements present a significant obstacle tthe market. Industrial gearbox production demands resources and technological advancements. As a result, the government is alslaunching steps tincrease the production of industrial gearboxes. Almost half of all industrial gearbox failures are found tbe due ta bearing problem. Hence, these factors are restraining the market growth.

Opportunity:

Rapid utilization of industry 4.0

The fast adoption of industry 4.0 in conjunction with other technologies like the internet of things and artificial intelligence is one of the factors propelling the growth and development of the global industrial gearbox market. Also, the business is being supported by the government policies that are becoming more favourable tnoise pollution. The power generation industry uses industrial gears extensively. As a result, all of these factors are driving the market growth.

Threat:

High cost of manufacturing and maintenance

The high cost of industrial gearbox maintenance and operation is limiting the market's expansion on a global scale. The lengthy production process for industrial gearboxes includes several different steps, such as heat treatment and grinding. Thus, the high cost of manufacturing and maintenance is restricting the growth of the global industrial gearbox market.

Covid-19 Impact

The pandemic brought forth a sudden health emergency that stopped many corporate operations, including those in the industrial gearbox industry, on the worldwide economy. Supply chains were disrupted as global trade and industrial routes came ta standstill. Workforces were displaced as a result of enforced lockdowns and restrictions on public movement. Tstop the virus from spreading during the pandemic's peak, business operations had tbe shut down. These variables had a negative effect on the market and decreased the overall worth.

The helical gearbox segment is expected tbe the largest during the forecast period

The helical gearbox segment is estimated thave a lucrative growth, due tit is the most used gears as it generates large amounts of thrust. The most effective gearboxes made in the industry are helical gearboxes. Helical gearboxes are used in important industries like the fertiliser, automotive, steel, rolling mills, power, and port industries, as well as the industrial sectors, because of their high efficiency and high thrust generating capabilities.

The power generation segment is expected thave the highest CAGR during the forecast period

The power generation segment is anticipated twitness the fastest CAGR growth during the forecast period, due tits utilization. The growth is being fuelled by the soaring demand for energy and power as well as growing public knowledge of renewable energy sources. The need for industrial gearboxes for power generation is being driven by their various advantages, including increased radial and axial load and shorter positioning times.

Region with Largest share:

Asia Pacific is projected thold the largest market share during the forecast period owing trising investments in industrial infrastructure. The rising industrialization, urbanisation, and ongoing construction of new homes and businesses are further elements that will expand the market's reach. Also, the area has a strong agricultural tradition supported by numerous small, medium, and large-scale farmers, which will spur increased market expansion.

Region with highest CAGR:

North America is projected thave the highest CAGR over the forecast period, owing trising mineral production from the mining operation and increasing potential for exploring hydrocarbons. The favorable government investments tincrease oil & gas from reservoirs will further increase the market growth. Additionally, the projected installation of wind power infrastructure in the region is driving the growth.

Key players in the market

Some of the key players profiled in the Industrial Gearbox Market include Zollern GmbH & Co. KG, Getriebebau NORD GmbH & Co. KG, Bonfiglioli Drives Co. Ltd, Flender Ltd, Allied Precision Gears Inc., Siemens AG, Elecon Engineering Company Limited, Johnson Electric Holdings Limited, Sew-Eurodrive GmbH & CKG, INGECO GEARS Pvt Ltd, Essential Power Transmission Pvt Ltd, Renold PLC., Bosch Rexroth AG, SumitomHeavy Industries Ltd., Nidec Motor Corporation, Emerson Electric Co., Watt Drive Antriebstechnik GmbH, Dana Brevini Power Transmission, Comer Industries and Griffin Gear Inc.

Key Developments:

In March 2021, Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd ordered 656 industrial gearboxes, with the PDM460 dual-stage industrial gearbox specifically mentioned. The Perth subway system in Australia received this gearbox order. The PDM460 subway gearbox used for this order was advertised as having strong bearing capacity, good reliability, and other attributes.

In October 2020, Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd (NGC) introduced its WinGearTM brand 3.x MW main gearbox platform at the China Wind Power (CWP) 2020 exhibition. The gearbox has a modular design concept with advanced bearing technology that generates high torque density and reduces electricity costs.

Types Covered:
• Planetary Gearbox
• Worm Gearbox
• Helical Gearbox
• Bevel Helical Gearbox
• Worm Gearbox
• Other Types

Designs Covered:
• Parallel Axis
• Angled Axis

Applications Covered:
• Wastewater Treatment Industry
• Mines and Minerals Industry
• Manufacturing Industry
• Steel Industry
• Power Industry
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- 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


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Gearbox Market, By Type
5.1 Introduction
5.2 Planetary Gearbox
5.3 Worm Gearbox
5.4 Helical Gearbox
5.5 Bevel Helical Gearbox
5.6 Worm Gearbox
5.7 Other Types
6 Global Industrial Gearbox Market, By Design
6.1 Introduction
6.2 Parallel Axis
6.3 Angled Axis
7 Global Industrial Gearbox Market, By Application
7.1 Introduction
7.2 Wastewater Treatment Industry
7.3 Mines and Minerals Industry
7.4 Manufacturing Industry
7.5 Steel Industry
7.6 Power Industry
7.7 Other Applications
8 Global Industrial Gearbox Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Zollern GmbH & Co. KG
10.2 Getriebebau NORD GmbH & Co. KG
10.3 Bonfiglioli Drives Co. Ltd
10.4 Flender Ltd
10.5 Allied Precision Gears Inc.
10.6 Siemens AG
10.7 Elecon Engineering Company Limited
10.8 Johnson Electric Holdings Limited
10.9 Sew-Eurodrive GmbH & Co KG
10.10 INGECO GEARS Pvt Ltd
10.11 Essential Power Transmission Pvt Ltd
10.12 Renold PLC.
10.13 Bosch Rexroth AG
10.14 Sumitomo Heavy Industries Ltd.
10.15 Nidec Motor Corporation
10.16 Emerson Electric Co.
10.17 Watt Drive Antriebstechnik GmbH
10.18 Dana Brevini Power Transmission
10.19 Comer Industries
10.20 Griffin Gear Inc.
List of Tables
Table 1 Global Industrial Gearbox Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Industrial Gearbox Market Outlook, By Type (2020-2028) ($MN)
Table 3 Global Industrial Gearbox Market Outlook, By Planetary Gearbox (2020-2028) ($MN)
Table 4 Global Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 5 Global Industrial Gearbox Market Outlook, By Helical Gearbox (2020-2028) ($MN)
Table 6 Global Industrial Gearbox Market Outlook, By Bevel Helical Gearbox (2020-2028) ($MN)
Table 7 Global Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 8 Global Industrial Gearbox Market Outlook, By Other Types (2020-2028) ($MN)
Table 9 Global Industrial Gearbox Market Outlook, By Design (2020-2028) ($MN)
Table 10 Global Industrial Gearbox Market Outlook, By Parallel Axis (2020-2028) ($MN)
Table 11 Global Industrial Gearbox Market Outlook, By Angled Axis (2020-2028) ($MN)
Table 12 Global Industrial Gearbox Market Outlook, By Application (2020-2028) ($MN)
Table 13 Global Industrial Gearbox Market Outlook, By Wastewater Treatment Industry (2020-2028) ($MN)
Table 14 Global Industrial Gearbox Market Outlook, By Mines and Minerals Industry (2020-2028) ($MN)
Table 15 Global Industrial Gearbox Market Outlook, By Manufacturing Industry (2020-2028) ($MN)
Table 16 Global Industrial Gearbox Market Outlook, By Steel Industry (2020-2028) ($MN)
Table 17 Global Industrial Gearbox Market Outlook, By Power Industry (2020-2028) ($MN)
Table 18 Global Industrial Gearbox Market Outlook, By Other Applications (2020-2028) ($MN)
Table 19 North America Industrial Gearbox Market Outlook, By Country (2020-2028) ($MN)
Table 20 North America Industrial Gearbox Market Outlook, By Type (2020-2028) ($MN)
Table 21 North America Industrial Gearbox Market Outlook, By Planetary Gearbox (2020-2028) ($MN)
Table 22 North America Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 23 North America Industrial Gearbox Market Outlook, By Helical Gearbox (2020-2028) ($MN)
Table 24 North America Industrial Gearbox Market Outlook, By Bevel Helical Gearbox (2020-2028) ($MN)
Table 25 North America Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 26 North America Industrial Gearbox Market Outlook, By Other Types (2020-2028) ($MN)
Table 27 North America Industrial Gearbox Market Outlook, By Design (2020-2028) ($MN)
Table 28 North America Industrial Gearbox Market Outlook, By Parallel Axis (2020-2028) ($MN)
Table 29 North America Industrial Gearbox Market Outlook, By Angled Axis (2020-2028) ($MN)
Table 30 North America Industrial Gearbox Market Outlook, By Application (2020-2028) ($MN)
Table 31 North America Industrial Gearbox Market Outlook, By Wastewater Treatment Industry (2020-2028) ($MN)
Table 32 North America Industrial Gearbox Market Outlook, By Mines and Minerals Industry (2020-2028) ($MN)
Table 33 North America Industrial Gearbox Market Outlook, By Manufacturing Industry (2020-2028) ($MN)
Table 34 North America Industrial Gearbox Market Outlook, By Steel Industry (2020-2028) ($MN)
Table 35 North America Industrial Gearbox Market Outlook, By Power Industry (2020-2028) ($MN)
Table 36 North America Industrial Gearbox Market Outlook, By Other Applications (2020-2028) ($MN)
Table 37 Europe Industrial Gearbox Market Outlook, By Country (2020-2028) ($MN)
Table 38 Europe Industrial Gearbox Market Outlook, By Type (2020-2028) ($MN)
Table 39 Europe Industrial Gearbox Market Outlook, By Planetary Gearbox (2020-2028) ($MN)
Table 40 Europe Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 41 Europe Industrial Gearbox Market Outlook, By Helical Gearbox (2020-2028) ($MN)
Table 42 Europe Industrial Gearbox Market Outlook, By Bevel Helical Gearbox (2020-2028) ($MN)
Table 43 Europe Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 44 Europe Industrial Gearbox Market Outlook, By Other Types (2020-2028) ($MN)
Table 45 Europe Industrial Gearbox Market Outlook, By Design (2020-2028) ($MN)
Table 46 Europe Industrial Gearbox Market Outlook, By Parallel Axis (2020-2028) ($MN)
Table 47 Europe Industrial Gearbox Market Outlook, By Angled Axis (2020-2028) ($MN)
Table 48 Europe Industrial Gearbox Market Outlook, By Application (2020-2028) ($MN)
Table 49 Europe Industrial Gearbox Market Outlook, By Wastewater Treatment Industry (2020-2028) ($MN)
Table 50 Europe Industrial Gearbox Market Outlook, By Mines and Minerals Industry (2020-2028) ($MN)
Table 51 Europe Industrial Gearbox Market Outlook, By Manufacturing Industry (2020-2028) ($MN)
Table 52 Europe Industrial Gearbox Market Outlook, By Steel Industry (2020-2028) ($MN)
Table 53 Europe Industrial Gearbox Market Outlook, By Power Industry (2020-2028) ($MN)
Table 54 Europe Industrial Gearbox Market Outlook, By Other Applications (2020-2028) ($MN)
Table 55 Asia Pacific Industrial Gearbox Market Outlook, By Country (2020-2028) ($MN)
Table 56 Asia Pacific Industrial Gearbox Market Outlook, By Type (2020-2028) ($MN)
Table 57 Asia Pacific Industrial Gearbox Market Outlook, By Planetary Gearbox (2020-2028) ($MN)
Table 58 Asia Pacific Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 59 Asia Pacific Industrial Gearbox Market Outlook, By Helical Gearbox (2020-2028) ($MN)
Table 60 Asia Pacific Industrial Gearbox Market Outlook, By Bevel Helical Gearbox (2020-2028) ($MN)
Table 61 Asia Pacific Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 62 Asia Pacific Industrial Gearbox Market Outlook, By Other Types (2020-2028) ($MN)
Table 63 Asia Pacific Industrial Gearbox Market Outlook, By Design (2020-2028) ($MN)
Table 64 Asia Pacific Industrial Gearbox Market Outlook, By Parallel Axis (2020-2028) ($MN)
Table 65 Asia Pacific Industrial Gearbox Market Outlook, By Angled Axis (2020-2028) ($MN)
Table 66 Asia Pacific Industrial Gearbox Market Outlook, By Application (2020-2028) ($MN)
Table 67 Asia Pacific Industrial Gearbox Market Outlook, By Wastewater Treatment Industry (2020-2028) ($MN)
Table 68 Asia Pacific Industrial Gearbox Market Outlook, By Mines and Minerals Industry (2020-2028) ($MN)
Table 69 Asia Pacific Industrial Gearbox Market Outlook, By Manufacturing Industry (2020-2028) ($MN)
Table 70 Asia Pacific Industrial Gearbox Market Outlook, By Steel Industry (2020-2028) ($MN)
Table 71 Asia Pacific Industrial Gearbox Market Outlook, By Power Industry (2020-2028) ($MN)
Table 72 Asia Pacific Industrial Gearbox Market Outlook, By Other Applications (2020-2028) ($MN)
Table 73 South America Industrial Gearbox Market Outlook, By Country (2020-2028) ($MN)
Table 74 South America Industrial Gearbox Market Outlook, By Type (2020-2028) ($MN)
Table 75 South America Industrial Gearbox Market Outlook, By Planetary Gearbox (2020-2028) ($MN)
Table 76 South America Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 77 South America Industrial Gearbox Market Outlook, By Helical Gearbox (2020-2028) ($MN)
Table 78 South America Industrial Gearbox Market Outlook, By Bevel Helical Gearbox (2020-2028) ($MN)
Table 79 South America Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 80 South America Industrial Gearbox Market Outlook, By Other Types (2020-2028) ($MN)
Table 81 South America Industrial Gearbox Market Outlook, By Design (2020-2028) ($MN)
Table 82 South America Industrial Gearbox Market Outlook, By Parallel Axis (2020-2028) ($MN)
Table 83 South America Industrial Gearbox Market Outlook, By Angled Axis (2020-2028) ($MN)
Table 84 South America Industrial Gearbox Market Outlook, By Application (2020-2028) ($MN)
Table 85 South America Industrial Gearbox Market Outlook, By Wastewater Treatment Industry (2020-2028) ($MN)
Table 86 South America Industrial Gearbox Market Outlook, By Mines and Minerals Industry (2020-2028) ($MN)
Table 87 South America Industrial Gearbox Market Outlook, By Manufacturing Industry (2020-2028) ($MN)
Table 88 South America Industrial Gearbox Market Outlook, By Steel Industry (2020-2028) ($MN)
Table 89 South America Industrial Gearbox Market Outlook, By Power Industry (2020-2028) ($MN)
Table 90 South America Industrial Gearbox Market Outlook, By Other Applications (2020-2028) ($MN)
Table 91 Middle East & Africa Industrial Gearbox Market Outlook, By Country (2020-2028) ($MN)
Table 92 Middle East & Africa Industrial Gearbox Market Outlook, By Type (2020-2028) ($MN)
Table 93 Middle East & Africa Industrial Gearbox Market Outlook, By Planetary Gearbox (2020-2028) ($MN)
Table 94 Middle East & Africa Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 95 Middle East & Africa Industrial Gearbox Market Outlook, By Helical Gearbox (2020-2028) ($MN)
Table 96 Middle East & Africa Industrial Gearbox Market Outlook, By Bevel Helical Gearbox (2020-2028) ($MN)
Table 97 Middle East & Africa Industrial Gearbox Market Outlook, By Worm Gearbox (2020-2028) ($MN)
Table 98 Middle East & Africa Industrial Gearbox Market Outlook, By Other Types (2020-2028) ($MN)
Table 99 Middle East & Africa Industrial Gearbox Market Outlook, By Design (2020-2028) ($MN)
Table 100 Middle East & Africa Industrial Gearbox Market Outlook, By Parallel Axis (2020-2028) ($MN)
Table 101 Middle East & Africa Industrial Gearbox Market Outlook, By Angled Axis (2020-2028) ($MN)
Table 102 Middle East & Africa Industrial Gearbox Market Outlook, By Application (2020-2028) ($MN)
Table 103 Middle East & Africa Industrial Gearbox Market Outlook, By Wastewater Treatment Industry (2020-2028) ($MN)
Table 104 Middle East & Africa Industrial Gearbox Market Outlook, By Mines and Minerals Industry (2020-2028) ($MN)
Table 105 Middle East & Africa Industrial Gearbox Market Outlook, By Manufacturing Industry (2020-2028) ($MN)
Table 106 Middle East & Africa Industrial Gearbox Market Outlook, By Steel Industry (2020-2028) ($MN)
Table 107 Middle East & Africa Industrial Gearbox Market Outlook, By Power Industry (2020-2028) ($MN)
Table 108 Middle East & Africa Industrial Gearbox Market Outlook, By Other Applications (2020-2028) ($MN)

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