Precision Gearbox Market | Covid-19 Impact Analysis

Precision Gearbox Market Insights

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.

Market Share Analysis

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Precision Gearbox Market Share: By Product Type

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.

Precision Gearbox Market Share: By Application Type

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.

Precision Gearbox Market Share: By Region

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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Market Scope & Segmentation

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.

The precision gearbox market is segmented into the following categories. 

Precision Gearbox Market Size, Share, & Forecast, by Product Type:

• Parallel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Right Angle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Planetary (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Precision Gearbox Market Size, Share, & Forecast, by Application Type:

• Military & Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Food, Beverage & Tobacco (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Machine Tools (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Materials Handling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Robotics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Precision Gearbox Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

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.

Report Features

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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 [email protected].