The precision gearbox machinery market size is expected to see strong growth in the next few years. It will grow to $7.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to global industrial expansion, rise in industrial automation, expansion of robotics and industry 4.0, miniaturization demands, growth in renewable energy sectors. Major trends in the forecast period include strategic partnerships, innovative medical equipment production, iot-based solutions, advancements in automation.
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Segmentation & Regional Insights
The precision gearbox machinery market covered in this report is segmented –
1) By Type: Planetary Gearbox, Worm Gearbox, Helical Gearbox, Bevel Gearbox, Spiral Bevel Gearboxes, Other Types
2) By Manufacturing Process: Hobbing, Grinding, Turning, Honing
3) By Shaft Orientation: Coaxial, Right Angled, Parallel Shift
4) By Application: Machine Tools, Material Handling, Packaging, Robotics, Automobile, Off-Road Vehicles, Wind Towers, Agriculture, Railways, Marine
Asia-Pacific was the largest region in the precision gearbox machinery market in 2023. The regions covered in the precision gearbox machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing utilization of robotic devices is expected to propel the precision gearbox machinery market going forward. A robot device is a programmable machine that can execute a task without the intervention of humans. Precision gear box machinery is used in robotic devices that are constructed simply and characterized by their precise transmission of motion, zero-backlash, and high transmission ratios. For Instance, in June 2022, according to the International Federation of Robotics, a Germany-based non-profit organization that promotes, strengthens, and protects the robotic sector data, 48.68k units of industrial robots were shipped globally in 2021 in Europe, which is an increase of 27% compared to 2020. 4.9k units of industrial robots were sold in 2021 in the US, an increase of 27% as compared to 2020 data. 3.54k units of industrial robots had been shipped in 2021, an increase of 33% as compared to 2020 in Asia. Therefore, the growing utilization of robotic devices is driving the growth of the precision gearbox machinery market.
Key Industry Players
Major companies operating in the precision gearbox machinery market report are Reishauer AG, Nidec Corporation, DMG Mori Aktiengesellschaft, DVS Technology Group, EMAG GmbH & Co. KG, Gleason Corporation, Liebherr-International Deutschland GmbH, Matrix Precision CO. LTD., SEW-EURODRIVE GmbH & Co KG, Siemens AG, Harmonic Drive LLC, Stöber Antriebstechnik GmbH and Co KG, Wittenstein SE, GAM Enterprises Inc., Neugart GmbH, Apex Dynamics Inc., Sumitomo Heavy Industries Ltd., Nabtesco Corporation, Wilhelm Vogel GmbH, Onvio LLC, ATLANTA Drive Systems Inc., Transprecision Gears Pvt. Ltd., DieQua Corporation, Cone Drive, Hiwin Corporation, Sureservo, Parker Hannifin Corp., DANOBAT S. Coop, Lagun Engineering, Framo Morat Group
The precision gearbox machinery market report table of contents includes:
1. Executive Summary
2. Precision Gearbox Machinery Market Characteristics
3. Precision Gearbox Machinery Market Trends And Strategies
4. Precision Gearbox Machinery Market – Macro Economic Scenario
5. Global Precision Gearbox Machinery Market Size and Growth
……………….
31. Global Precision Gearbox Machinery Market Competitive Benchmarking
32. Global Precision Gearbox Machinery Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Precision Gearbox Machinery Market
34. Precision Gearbox Machinery Market Future Outlook and Potential Analysis
35. Appendix
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