Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
Global Industrial Gearbox Market Research Report: Information by Type (Planetary, Helical, Bevel, Spur, Worm and others), Design (Parallel axis, Angled Axis and others), Size (KW) (Small (up to 55 kW) and Large (above 1 MW)) and Torque (Up to 50,000 Nm and Above 50,000 Nm), Industry (Power Generation, Construction, Material Handling, Industrial, Wind Power, Marine and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2024
Generally, the Industrial Gearbox is an attached structure that communicates strength from one gadget to another productivity device. Industrial gearbox conveys the speed, force, and other characteristics to convert energy into practical form. The production mine shaft of a gearbox rotates at a slower rate than the input shaft. This decline in speed requires increases the spin for cranes, ship unloaders, drill hoisters, and other devices within modern operations and provides a motorized benefit. Some of the kinds of industrial gearboxes are helical, bevel, earthly, and spur. The emerging nations are especially bringing various reforms and regulations to boost up their public transport and real estate. These improvements are anticipated to strengthen the development of the production sector, driving the industrial gearbox market, worldwide. Additionally, an upsurge in world populace since the past few periods has led to a rise in demand for both, commercial and housing base. There is widespread application in the building industry as gearboxes spend less power, as well as they facilitate a high array of rotation and high-tension measurement, which raises their requirement. Agencies in countries such as China and India are participating in infrastructure expansion and are expected to stay on the maximum investing countries during the forecast period. Corresponding to the India Brand Equity Foundation, India will need to invest USD 777.30 billion, approximately, in infrastructure by year 2022 for ecological advancement. Also, many business units in the country are investing in emerging public services, which would give a boost to the progress of the construction industry. For example, in June 2018, the Asian Infrastructure Investment Bank (China) financed USD 200 million in the National Investment & Infrastructure Fund (India). This investment was made to create infrastructure in the country. Industrial gearboxes form an essential part of the construction industry, as they are useful in steering conveyors, crushers, plastic extruders. Such advancements and other components to sustain business development and the rapid growth of the construction industry in building nations, are projected to increase the demand of industrial gear in the construction industry. Hence, such factors are expected to boost the demand of global manufacturing gearbox market during the said prediction period.
The Global Industrial Gearbox Market has been segmented on type, design, size (KW), torque, industry, and region. By type, the global market is given by as helical, planetary, bevel, worm, spur, and others. By design, the global market is segmented as parallel axis, angles axis, and others. By size (KW), the global market is further given into little (up to 55 KW) and huge (above 1 MW). By force, the global market is further given into up to 50,000 Nm and above 50,000 Nm. By industry, the global market is further given by as industrial, wind power, material management, construction, power production (excluding wind power), maritime and others. The reasons steering the call of manufacturing gearbox are growth in industrial mechanization in Europe and rapid expansion of the construction trade in some growing nations. The global population has been growing since the past few decades and is expected to continue growing during the projection period. This has expanded the call for industrial mechanization, internationally. The global movements of digitalization and automation in the manufacturing has further enabled the growth of the markets for industrial gearbox. Universally, Europe tops in terms of automation and scientific development for manufacturing and robotics. As per the Germany Trade & Invest, an economic development organization, the automotive industry has the top use of industrial automatons in Germany. Corresponding to the Mechanical Engineering Industry Association, in the year 2017, the total robotics and automation trade in Germany accounted for approximately USD 16.35 billion. The annually shipments of versatile industrial robots have also increased in the important European countries. Additionally, industrial gearboxes are known for their extreme torsional rigidity and low noise during functions. The report for global industrial gearbox market covers widespread primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which contains the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report gives complete information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions. Proper implementation of industrial gearboxes ensures enhanced effectiveness of machines and enhances production power. Industrial gearboxes modify the speed ratio to the transmitted power and improve the operational processes in the industrial computerization. They deliver several advantages such as high productivity and efficiency, reduce maintenance cost, and less power consumption. However, there are various factors, such as power excess, gear wear, water and oil particulate contamination, and improper handling of gearboxes that alter the working of industrial gearboxes. Therefore, in order to ensure proper functioning of the gearbox, proper inspection and restoration of industrial gearboxes are essential through their lifetime.
Geographically, Global Industrial Gearbox Market is split in regions like North & Latin America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. North Asia-Pacific is expected to hold the major market share during the prediction period, owed to the ever-increasing call for clean strength and expansion of the various industries such as industrial, construction, and food & beverages in the region. The market in Asia-Pacific is one of the biggest markets for renewable energy in the world. Concurring to the International Renewable Energy Group, in 2017, the region settled for nearly two-thirds of the global renewable generating capacity. The region’s renewable energy capacity doubled over the past five years, achieving nearly 9,168 GW in 2017. The construction industry in China has grown considerably in terms of sustainable construction activities, such as green buildings and smart cities. As per the International Trade Administration (ITA) and the US Department of Commerce, in the year 2016, the production industry in China was estimated at roughly USD 717.71 billion. The increased investments in green buildings in China are to be expected to help meet the requirement of energy-effective buildings. The construction of these buildings involves various machinery and apparatus councils where industrial gearboxes are necessary to monitor the drive system. Such factors are projected to drive the industrial gearbox market in Asia-Pacific during the anticipated period.
The proposed spectators in the Global Industrial Gearbox Market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Industrial Gearbox Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Industrial Gearbox Market are companies like General Electric (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Sew-Eurodrive (Germany), Emerson Electric Co (US), Nanjing High Speed & Accurate Gear Group Co., Ltd (China), Renk AG (Germany), Nidec-Shimpo Corporation (US), Rexnord Corporation (US), Zollern GmbH & Co. KG (Germany), and Eickhoff Antriebstechnik GmbH (Germany), Wikov Industry A.S. (Czech Republic) and Sumitomo Heavy Industries, Ltd (Japan).
Market analysis
Generally, the Industrial Gearbox is an attached structure that communicates strength from one gadget to another productivity device. Industrial gearbox conveys the speed, force, and other characteristics to convert energy into practical form. The production mine shaft of a gearbox rotates at a slower rate than the input shaft. This decline in speed requires increases the spin for cranes, ship unloaders, drill hoisters, and other devices within modern operations and provides a motorized benefit. Some of the kinds of industrial gearboxes are helical, bevel, earthly, and spur. The emerging nations are especially bringing various reforms and regulations to boost up their public transport and real estate. These improvements are anticipated to strengthen the development of the production sector, driving the industrial gearbox market, worldwide. Additionally, an upsurge in world populace since the past few periods has led to a rise in demand for both, commercial and housing base. There is widespread application in the building industry as gearboxes spend less power, as well as they facilitate a high array of rotation and high-tension measurement, which raises their requirement. Agencies in countries such as China and India are participating in infrastructure expansion and are expected to stay on the maximum investing countries during the forecast period. Corresponding to the India Brand Equity Foundation, India will need to invest USD 777.30 billion, approximately, in infrastructure by year 2022 for ecological advancement. Also, many business units in the country are investing in emerging public services, which would give a boost to the progress of the construction industry. For example, in June 2018, the Asian Infrastructure Investment Bank (China) financed USD 200 million in the National Investment & Infrastructure Fund (India). This investment was made to create infrastructure in the country. Industrial gearboxes form an essential part of the construction industry, as they are useful in steering conveyors, crushers, plastic extruders. Such advancements and other components to sustain business development and the rapid growth of the construction industry in building nations, are projected to increase the demand of industrial gear in the construction industry. Hence, such factors are expected to boost the demand of global manufacturing gearbox market during the said prediction period.
Market segmentation
The Global Industrial Gearbox Market has been segmented on type, design, size (KW), torque, industry, and region. By type, the global market is given by as helical, planetary, bevel, worm, spur, and others. By design, the global market is segmented as parallel axis, angles axis, and others. By size (KW), the global market is further given into little (up to 55 KW) and huge (above 1 MW). By force, the global market is further given into up to 50,000 Nm and above 50,000 Nm. By industry, the global market is further given by as industrial, wind power, material management, construction, power production (excluding wind power), maritime and others. The reasons steering the call of manufacturing gearbox are growth in industrial mechanization in Europe and rapid expansion of the construction trade in some growing nations. The global population has been growing since the past few decades and is expected to continue growing during the projection period. This has expanded the call for industrial mechanization, internationally. The global movements of digitalization and automation in the manufacturing has further enabled the growth of the markets for industrial gearbox. Universally, Europe tops in terms of automation and scientific development for manufacturing and robotics. As per the Germany Trade & Invest, an economic development organization, the automotive industry has the top use of industrial automatons in Germany. Corresponding to the Mechanical Engineering Industry Association, in the year 2017, the total robotics and automation trade in Germany accounted for approximately USD 16.35 billion. The annually shipments of versatile industrial robots have also increased in the important European countries. Additionally, industrial gearboxes are known for their extreme torsional rigidity and low noise during functions. The report for global industrial gearbox market covers widespread primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which contains the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report gives complete information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions. Proper implementation of industrial gearboxes ensures enhanced effectiveness of machines and enhances production power. Industrial gearboxes modify the speed ratio to the transmitted power and improve the operational processes in the industrial computerization. They deliver several advantages such as high productivity and efficiency, reduce maintenance cost, and less power consumption. However, there are various factors, such as power excess, gear wear, water and oil particulate contamination, and improper handling of gearboxes that alter the working of industrial gearboxes. Therefore, in order to ensure proper functioning of the gearbox, proper inspection and restoration of industrial gearboxes are essential through their lifetime.
Regional analysis
Geographically, Global Industrial Gearbox Market is split in regions like North & Latin America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. North Asia-Pacific is expected to hold the major market share during the prediction period, owed to the ever-increasing call for clean strength and expansion of the various industries such as industrial, construction, and food & beverages in the region. The market in Asia-Pacific is one of the biggest markets for renewable energy in the world. Concurring to the International Renewable Energy Group, in 2017, the region settled for nearly two-thirds of the global renewable generating capacity. The region’s renewable energy capacity doubled over the past five years, achieving nearly 9,168 GW in 2017. The construction industry in China has grown considerably in terms of sustainable construction activities, such as green buildings and smart cities. As per the International Trade Administration (ITA) and the US Department of Commerce, in the year 2016, the production industry in China was estimated at roughly USD 717.71 billion. The increased investments in green buildings in China are to be expected to help meet the requirement of energy-effective buildings. The construction of these buildings involves various machinery and apparatus councils where industrial gearboxes are necessary to monitor the drive system. Such factors are projected to drive the industrial gearbox market in Asia-Pacific during the anticipated period.
Major players
The proposed spectators in the Global Industrial Gearbox Market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Industrial Gearbox Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Industrial Gearbox Market are companies like General Electric (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Sew-Eurodrive (Germany), Emerson Electric Co (US), Nanjing High Speed & Accurate Gear Group Co., Ltd (China), Renk AG (Germany), Nidec-Shimpo Corporation (US), Rexnord Corporation (US), Zollern GmbH & Co. KG (Germany), and Eickhoff Antriebstechnik GmbH (Germany), Wikov Industry A.S. (Czech Republic) and Sumitomo Heavy Industries, Ltd (Japan).
Frequently 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.
