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Precision Gearbox Market Report
The Precision Gearbox Market is Segmented by Product Type (Parallel, Right Angle, and Planetary), by Application Type (Military & Aerospace; Food, Beverage & Tobacco; Machine Tools; Materials Handling; Packaging; Robotics; Medical; and Others), and by Region ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Precision Gearbox market is likely to witness a CAGR of 8.2% during the forecast period. The major factors that are driving the precision gearbox market are growing automation in the manufacturing sector and technological advancements for energy efficiency.
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Precision Gearbox Market - Snapshot |
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Growth |
5.5% for the next five years |
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Major Product Type |
Planetary |
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Dominant Application Type |
Robotics |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
ABB Ltd., Bonfiglioli, Emerson Electric Co., Rexnord Corporation, SEW-EURODRIVE Gmbh & Co KG, Siemens AG, Brevini Power Transmission, Cone Drive Operations, Curtis Machine Company, David Brown Engineering Limited, Horsburgh & Scott, Oerlikon Graziano Drive Systems |
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Based on the product type, the market is segmented as parallel, right angle, and planetary. The planetary segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Planetary gearbox offers high accuracy and reliability, and have high service life; the major factors behind its dominance. Right angle precision gearbox is expected to witness significant growth during the forecast period owing to its angular alignment which leads to its extensive application under limited space.
Based on the application type, the precision gearbox market is segmented as military & aerospace; food, beverage & tobacco; machine tools; materials handling; packaging; robotics; medical; and others. The robotics segment holds the largest share of the market and is also expected to witness a healthy growth during the forecast period. Significant development in the aera of robotics and increasing use of artificial joints and limbs of humanoids are the major factors behind the dominance of the robotics segment.
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period owing to growth in manufacturing sector and advent of automation in key countries such as Japan, South Korea, China, and India. Significant economic development in the Asia-Pacific, growing spending power of consumer, rapid urbanization, and ongoing shift of manufacturing base from North America and Europe are the major factors driving the growth of the Asia-Pacific’s precision gearbox market. North America and Europe are also expected to offer significant growth opportunity during the forecast period.
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Precision gearbox is a mechanical device used to alter torque by altering speed under precise limits. Precision gearboxes uses planetary, parallel, and right-angle combination of gears for operation that finds extensive usage in applications such as military & aerospace; food, beverage & tobacco; machine tools; materials handling; packaging; robotics, and medical industry.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Precision Gearbox Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The precision gearbox market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
The precision gearbox market is expected to witness an impressive growth of 8.2% CAGR in the foreseeable future.
The major factors that are driving the precision gearbox market are growing automation in the manufacturing sector and technological advancements for energy efficiency.
Asia-Pacific is estimated to be the largest precision gearbox market during the next five years.
The planetary segment is expected to remain dominant in the precision gearbox market in the coming years.
The robotics segment is expected to witness healthy growth in the precision gearbox market in the coming years.
Growing automation in the manufacturing sector and technological advancements for energy efficiency are the factors driving the growth of precision gearbox market.