Industrial Gearbox Market by Type (Helical, Planetary, Bevel, Spur, Worm and Others), Design (Parallel Axis, Angled Axis and Others), End User and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global Industrial Gearbox market size was valued at $ 29.18 billion in 2020 and is projected to reach $39.11 billion by 2026, growing at a CAGR of 5.0% during the forecast period.
 
• The surge in demand for energy efficient gearboxes in the automotive and other applications, and the increasing need for automation across all industrial sectors to expand automation development in assembling businesses like auto, food preparing, and horticulture hardware coupled with growing penetration of Industry 4.0 trends will foster the industrial gearbox market growth.
 
• Additionally, increasing industrialization in economies such as the Middle East and Africa, and growing installation of gearboxes in renewable generation, with a skew towards the wind farm sector is expected to boost the growth of the market in the forecast period.
 
• However, technical challenges such as oil leaks, excessive noise, and overheating is likely to obstruct the profit boundaries.

An industrial gearbox refers to an enclosed system that diffuses mechanical energy from one device to another. Gearboxes can adjust their ratio of speed, torque, and rate of rotation to adapt the energy into a useable format. These are used in various devices, for a wide range of purposes; some of the common product variants include spur gearbox, helical gearbox, coaxial helical inline gearbox, bevel helical gearbox, etc. These devices offer frequent advantages in enhancing operational output, minimizing workload, maintaining torque, controlling vibration and noise, etc.

By Type, the Helical Industrial Gearbox Segment is expected to have a Huge Demand

The industrial helical gearbox transmits the speed, torque, and other attributes to convert energy into a useable form due to this, gearboxes are used in a wide range of applications including rolling mills, blowers, monorail systems, overhead conveyors, and turbines. The factors driving the demand for helical industrial gearbox are growth in industrial automation in Europe and the rapid growth of the construction industry in some developing nations.

By Geography, Asia Pacific Region to Hold Major Share of the Global Industrial Gearbox Market

The Asia Pacific is anticipated to hold a major share of the gearbox market during the forecast period. The development of the automotive industry in developing countries such as India, China, and Japan is the major growth factor for the gearbox market. Besides, the rising need for automotive would drive the need to develop high accuracy gearboxes during the foreseeable period. China is the major country in the region that contributes manufacturing facilities. Higher contributions indicate a higher volume of goods from the manufacturing units and higher uses of gearbox during the manufacturing process.

List of the Key Players Profiled in the Market Include:

• ABB Ltd.
• Altra Industrial Motion Corp.
• Bauer Gear Motor GmbH
• Bondioli & Pavesi India Pvt. Ltd.
• Dana Motion Systems Italia S.r.l.
• Emerson Electric Co.
• Johnson Electric Holdings Limited
• Klingelnberg (Switzerland)
• Sew-Eurodrive
• Siemens AG
• Sumitomo Heavy Industries Ltd.
• Walterscheid Powertrain Group
• Watt Drive Weg Group

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Helical Industrial Gearbox
• Planetary Industrial Gearbox
• Bevel Industrial Gearbox
• Spur Industrial Gearbox
• Worm Industrial Gearbox
• Others Types

Market by, Design:
• Parallel Axis
• Angled Axis
• Others

Market by, End User:
• Power Generation
• Cement & Aggregates
• Chemicals, Rubber & Plastic
• Construction
• Food & Beverage
• Marine
• Material Handling
• Metals & Mining
• Automotive and Transportation Industry
• Agriculture
• Other End Users

Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview           
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions       
             
4 Market Dynamics           
    4.1 Market Drivers       
            4.1.1 Surge in demand for energy efficient gearboxes in the automotive and other applications
            4.1.2 Increasing adoption of industrial automation across various industries in the developing economies
    4.2 Market Restraints       
            4.2.1 Technical challenges such as oil leaks, excessive noise, and overheating
    4.3 Impact of COVID-19 on Industrial Gearbox Market    
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Industrial Gearbox Market by, Type        
    6.1 Overview       
    6.2 Helical Industrial Gearbox      
    6.3 Planetary Industrial Gearbox      
    6.4 Bevel Industrial Gearbox      
    6.5 Spur Industrial Gearbox      
    6.6 Worm Industrial Gearbox      
    6.7 Others Types       
             
7 Global Industrial Gearbox Market by, Design        
    7.1 Overview       
    7.2 Parallel Axis       
    7.3 Angled Axis       
    7.4 Other Designs       
             
8 Global Industrial Gearbox Market by, End User        
    8.1 Overview       
    8.2 Power Generation       
    8.3 Cement & Aggregates      
    8.4 Chemicals, Rubber & Plastic      
    8.5 Construction        
    8.6 Food & Beverage       
    8.7 Marine        
    8.8 Material Handling        
    8.9 Metals & Mining       
    8.10 Automotive and Transportation Industry     
    8.11 Agriculture       
    8.12 Other End Users       
              
9 Global Industrial Gearbox Market by, Geography        
    9.1 Overview       
    9.2 North America       
    9.3 Europe        
    9.4 Asia Pacific       
    9.5 South America       
    9.6 Middle East & Africa      
             
10 Key Developments           
             
11 Company Profiling           
    11.1 ABB Ltd.        
            11.1.1 Business Overview
            11.1.2 Product/Service Offering
            11.1.3 Financial Overview
            11.1.4 SWOT Analysis
            11.1.5 Key Activities
    11.2 Altra Industrial Motion Corp.       
    11.3 Bauer Gear Motor GmbH      
    11.4 Bondioli & Pavesi India Pvt. Ltd.     
    11.5 Dana Motion Systems Italia S.r.l.     
    11.6 Emerson Electric Co.      
    11.7 Johnson Electric Holdings Limited     
    11.8 Klingelnberg (Switzerland)      
    11.9 Sew-Eurodrive       
    11.10 Siemens AG       
    11.11 Sumitomo Heavy Industries Ltd.     
    11.12 Walterscheid Powertrain Group     
    11.13 Watt Drive Weg Group