Precision Gearbox Market report provides key statistics on the market status of the Precision Gearbox Industry and is a valuable source of guidance and direction for companies and individuals interested in the Precision Gearbox Market. Precision Gearbox Market Report covers the companies’ data, including Growth potential analysis, Executive Summary, Data sources, Industry segmentation, Porter’s analysis, Business trends, Growth drivers, Price trend analysis, Industry pitfall and challenges, Industry impact forces, Competitive landscape
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Precision Gearbox Market is expected to surpass USD 3 billion by 2026. Rising automation across several end-use sectors will boost demand.
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– Escalating automation and use of robotic control systems as operating equipment will improve operational accuracy and reliability
Some major findings of the precision gearbox market report include:
– Growing use of precision gearbox for various end-use applications to alter torque under precise speed limits will drive growth in the market
– Technology advancements and use of automated machineries and instruments will positively drive in precision gearbox industry
– Highly fragmented market with larger number of manufacturers across the world. Few of the eminent players in the precision gearbox market includes Siemens, Emerson, SEW Eurodrive, Rexnord, Brevini Power Transmission and Bonfiglioli
Precision gearbox usually helps to maintains torque under specific speed limits. Moreover, these gearboxes also provide high reduction ratios that increases its demand in machine tools, robotics, and materials handling applications. Recent advancements in robotics and increase in use of automated machinery for various operations such as material handling or inspection, machining, processing, and assembly by several end-use sectors will increase the use of precision gearbox in the coming years. In addition to this, use of precision gearbox in manufacturing sector will not only improves the production rate and labor productivity but also reduces labor shortage and manufacturing lead time. This in turn will surge the use of precision gearboxes over the forecast spell.
Escalating use of direct drive motors may hamper precision gearbox market over the near term. Direct drive motors prove to be a suitable substitute for the high priced precision gearboxes in some application areas. Nevertheless, growing popularity of these gearboxes for military & aerospace and medical applications in order to increase the operational efficiencies will further boost precision gearbox market by 2026.
On the basis of product, the industry is segmented into right angle, planetary, and parallel precision gearboxes. The right angle precision gearboxes account for a reasonable share in the overall product revenue and is likely to increase with a significant CAGR of more than 4% over the anticipated timeframe, which is due to its compact design and ability to be combined with other gearboxes. Moreover, these gearboxes also find wide usage in applications that require high operational torque under precise speed limits.
Increasing use of precision gearboxes in robotics, military & aerospace, and food, beverage & tobacco will drive its growth in the coming years. Moreover, increasing automation or use of automatic controlled machines will further expand its usage in materials handling, machine tools, medical, packaging, and other applications such as woodworks, rubber & plastics, etc.
North America accounts a fair share of more than 20% of overall revenue in 2018 and will grow with a significant rate from 2019 to 2026. Owing to huge spending on military & aerospace activities. For instance, U.S Department of Defense has allocated more than USD 693 billion for military & defense budget in 2019. Additionally, increasing investments in space exploration activities will further drive use of precision gearboxes in the coming years.
Chapter 1. Methodology & Scope
1.1. Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Research scope and assumptions
1.2. Data Sources
1.2.1. Primary Sources
1.2.2. Secondary Sources
Chapter 2. Executive Summary
2.1. Precision gearbox industry 360? synopsis, 2012 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
2.1.4. Application trends
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2012 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. EU
3.5.3. China
3.6. Precision gearbox industry impact forces
3.6.1. Growth drivers
3.6.1.1. Rising automation demand across wide applications
3.6.1.2. Increasing use of precision gearboxes in robotics
3.6.2. Industry pitfalls & challenges
3.6.2.1. Growing adoption of direct drive mechanism
3.7. Growth potential analysis
3.8. Porter’s analysis
3.9. Competitive landscape, 2015
3.9.1. Strategy dashboard
3.10. PESTEL analysis
Chapter 4. Precision Gearbox Market, By Product
4.1. Global precision gearbox market share by product, 2015 & 2024
4.2. Parallel
4.2.1. Parallel precision gearbox market, by region, 2012-2024
4.3. Right Angle
4.3.1. Right angle precision gearbox market, by region, 2012-2024
4.4. Planetary
4.4.1. Planetary precision gearbox market, by region, 2012-2024
Chapter 5. Precision Gearbox Market, By Application
5.1. Global precision gearbox market share by application, 2015 & 2024
5.2. Military & Aerospace
5.2.1. Military & aerospace precision gearbox market, by region, 2012-2024
5.3. Food, Beverage & Tobacco
5.3.1. Food, beverage & tobacco precision gearbox market, by region, 2012-2024
5.4. Machine Tools
5.4.1. Machine Tools precision gearbox market, by region, 2012-2024
5.5. Materials Handling
5.5.1. Materials handling precision gearbox market, by region, 2012-2024
5.6. Packaging
5.6.1. Packaging precision gearbox market, by region, 2012-2024
5.7. Robotics
5.7.1. Robotics precision gearbox market, by region, 2012-2024
5.8. Medical
5.8.1. Medical precision gearbox market, by region, 2012-2024
5.9. Others (Rubber & Plastics, Woodworking)
5.9.1. Others precision gearbox market, by region, 2012-2024
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