Industrial Gearbox Market Report 2022-2027, Size, Share, Growth, Trends and Forecast

According to IMARC Group’s latest report, titled “Industrial Gearbox Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on industrial gearbox market.

The global industrial gearbox market is expected to exhibit a CAGR of 4.57% during 2022-2027. An industrial gearbox represents an enclosed system that is used to transfer mechanical energy from one device to another. It can adjust the ratio of torque, speed, and rate of rotation transmitted to an output device. Some of the common variants available in the market include a helical gearbox, coaxial helical inline gearbox, spur gearbox, bevel helical gearbox, etc. These devices provide several benefits in minimizing workload, maintaining torque, enhancing operational output, controlling vibration and noise, etc. Consequently, industrial gearbox finds extensive applications across numerous industries, such as construction, food and beverage (F&B), power generation, marine, material handling, metal and mining, agriculture, automotive, etc.

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Market Trends

The growing penetration of Industry 4.0 trends and the escalating demand for industrial gearboxes in the construction sector for enhanced operational efficiency of conveyors, crushers, plastic extruders, etc., are primarily driving the global market. Furthermore, a significant rise in the renewable energy sector is also augmenting the product demand for absorbing kinetic energy in the hydro or wind turbines to produce electricity. Additionally, the introduction of favorable government policies and financial incentives for the development of safe and clean power sources is propelling the market for industrial gearboxes. Besides this, numerous technological advancements such as the integration of AI and robotics for automated and highly efficient industrial processes will continue to drive the global market for industrial gearboxes in the coming years.

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List of Key Companies Covered in this Market Report:

• ABB Ltd.
• Altra Industrial Motion Corp.
• Bonfiglioli Riduttori SPA (Bonfi SRL)
• Bondioli & Pavesi S.p.A.
• Emerson Electric Co.
• Elecon Engineering Company Ltd.
• Johnson Electric Holdings Limited
• Siemens AG
• Sumitomo Heavy Industries Ltd.
• SEW-EURODRIVE GmbH & Co KG.

The report has segmented the market on the basis of type, design, application and geography.

Breakup by Type:

• Helical Gearbox
• Planetary Gearbox
• Bevel Gearbox
• Spur Gearbox
• Worm Gearbox
• Others

Breakup by Design:

• Parallel Axis
• Angled Axis
• Others

Breakup by Application:

• Construction and Mining Equipment
• Automotive
• Chemicals, Rubber and Plastic
• Wind Power
• Material Handling
• Power Generation
• Agriculture
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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