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According to the latest research, the global Gearbox market size was valued at USD 1367593.78 million in 2022 and is expected to expand at a CAGR of -5.12% during the forecast period, reaching USD 997953.66 million by 2028.
Gear box, also known as gearbox and reducer, is a power transmission mechanism as well as a reduction transmission device. The gear box is a device that converts the rotation of the motor into the rotation required by the working equipment and increases the torque by meshing gears with different teeth. The gearbox has the functions of accelerating and decelerating, changing the transmission direction, changing the rotating torque, clutch, power distribution, etc. At present, gear boxes are widely used in industrial machinery, wind power generation, ships, rail vehicles, new energy vehicles and other industries
According to the transmission stages, the gearbox can be divided into single-stage gearbox and multi-stage gearbox. The single-stage gearbox is a single mechanism composed of gears. For a single-stage gearbox, a pair of gears forms a gear stage. The multi-stage gearbox is connected by multiple gear pairs one by one
Market Access Barrier
In the gearbox industry, automobile and other downstream large customers, they attach great importance to the comprehensive strength of gearbox enterprises when selecting suppliers. Not only the gearbox supplier is required to have strong R&D capability to ensure continuous improvement and updating of products; The gearbox supplier is required to have a large economic scale to ensure the procurement economy and stability; The supplier is required to have stable product quality and perfect quality management system, environmental management system, etc. to reduce the risk caused by product quality problems; The supplier shall have the ability to continuously reduce costs to share the pressure of price competition from mechanical equipment manufacturers. The supplier is also required to pass the third-party certification of some international organizations or industry associations and the second party certification of the host manufacturer, including sample testing, material testing and other complex processes. Therefore, product certification has virtually raised the entry threshold of the industry
Raw material supply and price fluctuation risk
For gearbox products, the main raw material is steel. As one of the most strict steel grades in steel production, gear steel is the main raw material of gear box. As steel is widely used as the basic raw material in the national economy and various industrial subdivisions, its price fluctuates frequently under the influence of global or Chinese macroeconomic fluctuations, changes in the relationship between industry supply and demand, and changes in the supply scale of materials needed for steel. At the same time, the global and Chinese gear steel markets are highly concentrated, and the market share of leading manufacturers is relatively large. If the price of steel (gear steel) increases significantly, it will affect the procurement strategy of the gear box enterprise and restrict the profit space of the enterprise, so there is a risk of fluctuations in raw materials in the gear box industry
Region Overview:
China had the highest growth rate of all regions
Company Overview:
ZF Friedrichshafen、SEW、Nanjing Expressway Gear Manufacturing Co., Ltd. were the top 3 players in the Gearbox market in 2022.
ZF Friedrichshafen
ZF Friedrichshafen is one of the most important professional manufacturers of transmission system products in the world today. Besides mechanical transmission, hydraulic automatic transmission and various gear boxes, its main products include steering gear, drive axle, pump, suspension system and electromagnetic clutch, which are widely used in automobiles, tanks, special vehicles, airplanes, boats, construction machinery and agricultural machines.
SEW
SEW's products include decelerating motors, reducers, motors, components for decentralized installation, electronically controlled drives, mechanical gear motors and drive solutions involving a large number of projects.
Segmentation Overview:
In different product types, the multi-stage gearbox segment is expected to contribute the largest market share in 2027
Application Overview:
From the perspective of application, from 2017 to 2022, the automobile sector will occupy the largest share
This report elaborates on the market size, market characteristics, and market growth of the Gearbox industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Gearbox. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Gearbox Market Report Include:
Market Size Estimates: Gearbox market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Gearbox market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Gearbox market
Segment Market Analysis: Gearbox market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Gearbox market situations and prospects in major and top regions and countries
Gearbox Market
Gearbox Industry Chain: Gearbox market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Gearbox Industry News, Policies by regions
Gearbox Industry Porters Five Forces Analysis
Key players in the global Gearbox market are covered in Chapter 2:
ABB Motors and Mechanical
ZF Friedrichshafen
Guo Mao shares
Hangzhou Qianjin Gearbox Group Co., Ltd.
Chongqing gearbox co., ltd
Flender
Nanjing Expressway Gear Manufacturing Co., Ltd.
Precipart
SEW
NORD Drivesystems
Bonfiglioli
The Timken Company
Sanlian transmission machinery co., ltd
Ningbo Dongli Transmission Equipment Co., Ltd.
Hangzhou Fada Gearbox Group Co., Ltd.
In Chapter 6 and Chapter 9, on the basis of types, the Gearbox market from 2018 to 2028 is primarily split into:
Single stage gearbox
Multi stage gearbox
In Chapter 7 and Chapter 10, on the basis of applications, the Gearbox market from 2018 to 2028 covers:
Industrial Machinery
Wind Power
Ships
Rail Vehicles
Cars
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Gearbox market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Gearbox industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Gearbox market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Gearbox industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Gearbox market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Gearbox market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Gearbox market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Gear box, also known as gearbox and reducer, is a power transmission mechanism as well as a reduction transmission device. The gear box is a device that converts the rotation of the motor into the rotation required by the working equipment and increases the torque by meshing gears with different teeth. The gearbox has the functions of accelerating and decelerating, changing the transmission direction, changing the rotating torque, clutch, power distribution, etc. At present, gear boxes are widely used in industrial machinery, wind power generation, ships, rail vehicles, new energy vehicles and other industries
According to the transmission stages, the gearbox can be divided into single-stage gearbox and multi-stage gearbox. The single-stage gearbox is a single mechanism composed of gears. For a single-stage gearbox, a pair of gears forms a gear stage. The multi-stage gearbox is connected by multiple gear pairs one by one
Market Access Barrier
In the gearbox industry, automobile and other downstream large customers, they attach great importance to the comprehensive strength of gearbox enterprises when selecting suppliers. Not only the gearbox supplier is required to have strong R&D capability to ensure continuous improvement and updating of products; The gearbox supplier is required to have a large economic scale to ensure the procurement economy and stability; The supplier is required to have stable product quality and perfect quality management system, environmental management system, etc. to reduce the risk caused by product quality problems; The supplier shall have the ability to continuously reduce costs to share the pressure of price competition from mechanical equipment manufacturers. The supplier is also required to pass the third-party certification of some international organizations or industry associations and the second party certification of the host manufacturer, including sample testing, material testing and other complex processes. Therefore, product certification has virtually raised the entry threshold of the industry
Raw material supply and price fluctuation risk
For gearbox products, the main raw material is steel. As one of the most strict steel grades in steel production, gear steel is the main raw material of gear box. As steel is widely used as the basic raw material in the national economy and various industrial subdivisions, its price fluctuates frequently under the influence of global or Chinese macroeconomic fluctuations, changes in the relationship between industry supply and demand, and changes in the supply scale of materials needed for steel. At the same time, the global and Chinese gear steel markets are highly concentrated, and the market share of leading manufacturers is relatively large. If the price of steel (gear steel) increases significantly, it will affect the procurement strategy of the gear box enterprise and restrict the profit space of the enterprise, so there is a risk of fluctuations in raw materials in the gear box industry
Region Overview:
China had the highest growth rate of all regions
Company Overview:
ZF Friedrichshafen、SEW、Nanjing Expressway Gear Manufacturing Co., Ltd. were the top 3 players in the Gearbox market in 2022.
ZF Friedrichshafen
ZF Friedrichshafen is one of the most important professional manufacturers of transmission system products in the world today. Besides mechanical transmission, hydraulic automatic transmission and various gear boxes, its main products include steering gear, drive axle, pump, suspension system and electromagnetic clutch, which are widely used in automobiles, tanks, special vehicles, airplanes, boats, construction machinery and agricultural machines.
SEW
SEW's products include decelerating motors, reducers, motors, components for decentralized installation, electronically controlled drives, mechanical gear motors and drive solutions involving a large number of projects.
Segmentation Overview:
In different product types, the multi-stage gearbox segment is expected to contribute the largest market share in 2027
Application Overview:
From the perspective of application, from 2017 to 2022, the automobile sector will occupy the largest share
This report elaborates on the market size, market characteristics, and market growth of the Gearbox industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Gearbox. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Gearbox Market Report Include:
Market Size Estimates: Gearbox market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Gearbox market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Gearbox market
Segment Market Analysis: Gearbox market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Gearbox market situations and prospects in major and top regions and countries
Gearbox Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Gearbox Industry Chain: Gearbox market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Gearbox Industry News, Policies by regions
Gearbox Industry Porters Five Forces Analysis
Key players in the global Gearbox market are covered in Chapter 2:
ABB Motors and Mechanical
ZF Friedrichshafen
Guo Mao shares
Hangzhou Qianjin Gearbox Group Co., Ltd.
Chongqing gearbox co., ltd
Flender
Nanjing Expressway Gear Manufacturing Co., Ltd.
Precipart
SEW
NORD Drivesystems
Bonfiglioli
The Timken Company
Sanlian transmission machinery co., ltd
Ningbo Dongli Transmission Equipment Co., Ltd.
Hangzhou Fada Gearbox Group Co., Ltd.
In Chapter 6 and Chapter 9, on the basis of types, the Gearbox market from 2018 to 2028 is primarily split into:
Single stage gearbox
Multi stage gearbox
In Chapter 7 and Chapter 10, on the basis of applications, the Gearbox market from 2018 to 2028 covers:
Industrial Machinery
Wind Power
Ships
Rail Vehicles
Cars
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Gearbox market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Gearbox industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Gearbox market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Gearbox industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Gearbox market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Gearbox market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Gearbox market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
