Global Industry Gearbox Market Analysis by Type, Product Type, Size, Torque, Design, Industry and Region and segments forecast till 2033
Market Overview
The global industrial gearbox market reached USD 33,260 million in 2022. It is projected to reach USD 46,400 million by 2030, growing at a CAGR of 4.25%.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 33,260 Million |
Market Forecast in 2033 | USD 46,400 Million |
CAGR % 2023-2033 | 4.25% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Product Type, Size, Torque, Design, Industry |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Lenze SE, Flender Ltd, Getriebebau NORD GmbH & Co. KG, Bosch Rexroth AG, Zollern GmbH & Co. KG, INGECO GEARS Pvt Ltd, Sew-Eurodrive GmbH & Co KG, Essential Power Transmission Pvt Ltd, Bonfiglioli Drives Co. Ltd, Kngear, Elecon Engineering Company Limited, Siemens AG, Watt Drive Antriebstechnik GmbH, Emerson Electric Co., Nidec Motor Corporation, Dana Brevini Power Transmission, Johnson Electric Holdings Limited, Bauer Gear GmbH, Bondioli & Pavesi S.p.A., Comer Industries, China High-Speed Transmission Equipment Group Co., Ltd., Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd., and Others. |
An industrial gearbox alludes to an encased framework that is utilized to move mechanical energy starting with one gadget and then onto the next. It can change the proportion of speed, force, and pace of pivot sent to a result gadget. A portion of the normal item variations incorporates spur gearbox, helical gearbox, coaxial helical inline gearbox, bevel helical gearbox, and so forth. These gadgets offer various benefits in improving functional results, limiting responsibility, keeping up with force, controlling vibration and commotion, and so on. Accordingly, modern gearbox tracks down broad applications across assorted businesses, like power generation, development, food and drinks, marine, material handling, metal and mining, horticultural and automotive.
Expanding the necessity for industrial gearboxes and clean energy sources is driving the development of the market. Also, the rising computerization in assembling innovation is working with the development of the market. The financial vulnerability of COVID-19 during 2020 in major developing countries has adversely affected the market. The monetary log jam impacted all the significant end-client areas of the modern gearbox market, i.e., power, metals, mines and minerals, and so forth.
Further, limitations shut down the display areas of a few vehicle organizations, consequently seriously affecting the deals. For instance, auto goliaths like Volkswagen (VW) Group saw a lessening in deals of its vehicles by around 15% or 1,669,925 units in 2020, contrasted with the earlier year.
The increasing penetration of Industry 4.0 trends coupled with the rising adoption of automated machinery is primarily driving the global market for industrial gearboxes. Additionally, the implementation of stringent government regulations for controlling noise pollution and reducing power overload across industrial units is further augmenting the installation of industrial gearboxes. Apart from this, significant growth in the renewable energy sector is also propelling the product demand for absorbing kinetic energy in the wind or hydro turbines to produce electricity.
The introduction of favourable government policies and financial incentives for the development of clean and safe power sources is catalysing the market for industrial gearboxes. Moreover, the growing demand for industrial gearboxes in the construction industry for enhancing the operational efficiency of conveyors, crushers, plastic extruders, etc., is further bolstering the market growth. In the coming years, the emergence of numerous advanced technologies, such as artificial intelligence and robotics, for automated and highly-efficient industrial purposes will continue to drive the global market for industrial gearboxes.
Type Insights
The Planetary segment is poised to garner significant returns over the forecast period due to the cost effectiveness of the segments.
Product Type Insights
The Multi-stage Gearbox segment is slated to capture a substantial revenue share over 2023-2033 since it offers high efficiency.
Size Insights
The Small segment is expected to grow exponentially over the stipulated timeline.
Torque Insights
The Above 50,000 Nm segment is poised to garner significant returns over the forecast period due to the flexibility and cost effectiveness.
Design Insights
The Parallel Axis segment is slated to capture a substantial revenue share over 2023-2033.
Industry Insights
The Wind and Power segment is expected to grow exponentially over the stipulated timeline. Wind power is predicted to grow at a swift pace throughout the forecast period. The growth of the wind power category is majorly attributable to the growing installation of wind turbines to meet the rising demand for power all around the world.
Regional Insights
North America, Asia Pacific, Middle East amd Africa, Europe, and Latin America are the regions influencing the expansion trends of this marketplace. The Asia-Pacific district represented the huge offer in the modern gearbox market in 2020, inferable from the rising interest for gearboxes in different applications like assembling areas, and the power industry. China has been a fundamental variable in the development of the assembling area around the world. The nation is the forerunner in the steel, substance, power, and concrete businesses, and it is one of the top players in the petrochemical and refining ventures.
Competitive Analysis
The prominent players operating in the marketplace are Lenze SE, Flender Ltd, Getriebebau NORD GmbH & Co. KG, Bosch Rexroth AG, Zollern GmbH & Co. KG, INGECO GEARS Pvt Ltd, Sew-Eurodrive GmbH & Co KG, Essential Power Transmission Pvt Ltd, Bonfiglioli Drives Co. Ltd, Kngear, Elecon Engineering Company Limited, Siemens AG, Watt Drive Antriebstechnik GmbH, Emerson Electric Co., Nidec Motor Corporation, Dana Brevini Power Transmission, Johnson Electric Holdings Limited, Bauer Gear GmbH, Bondioli & Pavesi S.p.A., Comer Industries, China High-Speed Transmission Equipment Group Co., Ltd., Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd., and Others.
Global Industry Gearbox Market- Segmental Analysis
Based On Type:
• Planetary
• Helical
• Bevel
• Spur
• Worm
• Helical-Bevel
• Planetary Worm
Based ON Product Type:
• Single-stage Gearbox
• Multi-stage Gearbox
Based On Size:
• Small (up to 55kW)
• Large (above 1MW)
Based On Torque:
• Up to 50,000 Nm
• Above 50,000 Nm
Based On Design:
• Parallel Axis
• Angular Axis
• Others (Non-coplanar and Non-parallel axis)
Based On Industry:
• Wind and Power
• Cement and Aggregates
• Construction
• Food and Beverages
• Marine
• Agriculture
• Automotive
• Recreational Vehicle
• Material Handling
• Metal and Mining
• Power Generation
• Transportation Industry
• Aerospace
• Defence
• Semiconductor
• Robotics
• Healthcare
• Textiles
Why to buy this Report?
The report provides quantitative and qualitative aspect for Industry Gearbox Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Industry Gearbox Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
1. Global Industrial Gearbox Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Industrial Gearbox Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2020
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Industrial Gearbox Market Scope and Market Estimation
1.4.1. Global Industrial Gearbox Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2020)
1.4.2. Global Industrial Gearbox Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2020
1.5. Industrial Gearbox Market Segmentation
1.5.1. Type of Global Industrial Gearbox Market
1.5.2. Product Type of Global Industrial Gearbox Market
1.5.3. Size of Global Industrial Gearbox Market
1.5.4. Torque of Global Industrial Gearbox Market
1.5.5. Design of Global Industrial Gearbox Market
1.5.6. Industry of Global Industrial Gearbox Market
1.5.7. Key Regions of Global Industrial Gearbox Market
2. Global Industrial Gearbox Market - Executive Summary
2.1. Global Industrial Gearbox Market – Summary & Snapshot
2.2. Global Industrial Gearbox Market, By Type (US$ Million)
2.3. Global Industrial Gearbox Market, By Product Type (US$ Million)
2.4. Global Industrial Gearbox Market, By Size (US$ Million)
2.5. Global Industrial Gearbox Market, By Torque (US$ Million)
2.6. Global Industrial Gearbox Market, By Design (US$ Million)
2.7. Global Industrial Gearbox Market, By Industry (US$ Million)
2.8. Global Industrial Gearbox Market, By Geography (US$ Million)
2.9. Global Industrial Gearbox Market Outlook & Future Opportunities
3. Industrial Gearbox Market Trends, Outlook, and Factors Analysis
3.1. Global Industrial Gearbox Market Torque Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Industrial Gearbox Market Torque Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Industrial Gearbox Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Huge Demand for Energy Efficient Gearboxes
3.2.1.2. Increasing Adoption of Industrial Automation Across Various Industries
3.2.1.3. Rising Industrialization in Economies Such as the Middle East and Africa
3.2.2. Restraints
3.2.2.1. Technical Challenges Such as Overheating, Oil Leaks, and Excessive Noise
3.2.3. Opportunities
3.2.3.1. Rising Installation of Gearboxes in Renewable Generation, With A Skew Towards Wind Farm Sector
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Industrial Gearbox Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Industrial Gearbox Market
3.9.1. By Type
3.9.2. By Product Type
3.9.3. By Size
3.9.4. By Torque
3.9.5. By Design
3.9.6. By Industry
3.9.7. By Regions
4. Global Industrial Gearbox Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Industrial Gearbox Market, 2020 – 2021 (US$ Million)
4.2. Global Industrial Gearbox Market, By Type, 2020 to 2021 (US$ Million)
4.3. Global Industrial Gearbox Market, By Product Type, 2020 to 2021 (US$ Million)
4.4. Global Industrial Gearbox Market, By Size, 2020 to 2021 (US$ Million)
4.5. Global Industrial Gearbox Market, By Torque, 2020 to 2021 (US$ Million)
4.6. Global Industrial Gearbox Market, By Design, 2020 to 2021 (US$ Million)
4.7. Global Industrial Gearbox Market, By Industry, 2020 to 2021 (US$ Million)
4.8. Global Industrial Gearbox Market, By Region, 2020 to 2021 (US$ Million)
5. Global Industrial Gearbox Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Industrial Gearbox Market Share (%) Estimates and Forecasts, by Type, 2022 & 2020
5.2. Global Industrial Gearbox Market Revenue (US$ Million) Estimates and Forecasts, by Type, 2022 to 2020
5.2.1. Planetary
5.2.2. Helical
5.2.3. Bevel
5.2.4. Spur
5.2.5. Worm
5.2.6. Other (Helical-Bevel, Planetary Worm)
6. Global Industrial Gearbox Market Estimates & Forecast Trend Analysis, by Product Type
6.1. Global Industrial Gearbox Market Share (%) Estimates and Forecasts, by Product Type, 2022 & 2020
6.2. Global Industrial Gearbox Market Revenue (US$ Million) Estimates and Forecasts, by Product Type, 2022 to 2020
6.2.1. Single-stage Gearbox
6.2.2. Multi-stage Gearbox
7. Global Industrial Gearbox Market Estimates & Forecast Trend Analysis, by Size
7.1. Global Industrial Gearbox Market Share (%) Estimates and Forecasts, by Size, 2022 & 2020
7.2. Global Industrial Gearbox Market Revenue (US$ Million) Estimates and Forecasts, by Size, 2022 to 2020
7.2.1. Small (up to 55 kW)
7.2.2. Large (above 1 MW)
8. Global Industrial Gearbox Market Estimates & Forecast Trend Analysis, by Torque
8.1. Global Industrial Gearbox Market Share (%) Estimates and Forecasts, by Torque, 2022 & 2020
8.2. Global Industrial Gearbox Market Revenue (US$ Million) Estimates and Forecasts, by Torque, 2022 to 2020
8.2.1. Up to 50,000 Nm
8.2.2. Above 50,000 Nm
9. Global Industrial Gearbox Market Estimates & Forecast Trend Analysis, by Design
9.1. Global Industrial Gearbox Market Share (%) Estimates and Forecasts, by Design, 2022 & 2020
9.2. Global Industrial Gearbox Market Revenue (US$ Million) Estimates and Forecasts, by Design, 2022 to 2020
9.2.1. Parallel axis
9.2.2. Angular axis
9.2.3. Others (non-coplanar and non-parallel axis)
Global Industrial Gearbox Market Estimates & Forecast Trend Analysis, by Industry
9.3. Global Industrial Gearbox Market Share (%) Estimates and Forecasts, by Industry, 2022 & 2020
9.4. Global Industrial Gearbox Market Revenue (US$ Million) Estimates and Forecasts, by Industry, 2022 to 2020
9.4.1. Wind Power
9.4.2. Cement & Aggregates
9.4.3. Chemical, Rubber & Plastics
9.4.4. Construction
9.4.5. Food & Beverage
9.4.6. Marine
9.4.7. Material Handling
9.4.8. Metals & Mining
9.4.9. Power Generation
9.4.10. Recreational Vehicle
9.4.11. Transportation Industry
9.4.12. Agriculture
9.4.13. Automotive
9.4.14. Others (Aerospace, Defense, Semiconductor, Robotics, Textile, Healthcare)
10. Global Industrial Gearbox Market Analysis and Forecast, by Region
10.1. Global Industrial Gearbox Market Share (%) Estimates and Forecasts, by Region, 2022 & 2020
10.2. Global Industrial Gearbox Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2020
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East and Africa
10.2.5. Latin America
11. North America Industrial Gearbox Market: Estimates & Forecast Trend Analysis
11.1. North America Industrial Gearbox Market Assessments & Key Findings
11.2. North America Industrial Gearbox Market Share (%) Estimates and Forecasts, 2022 & 2020
11.3. North America Industrial Gearbox Market Size Estimates and Forecast (US$ Million) (2022 to 2020)
11.3.1. By Type
11.3.2. By Product Type
11.3.3. By Size
11.3.4. By Torque
11.3.5. By Design
11.3.6. By Industry
11.3.7. By Major Country
11.3.7.1. The U.S.
11.3.7.2. Canada
12. Europe Industrial Gearbox Market: Estimates & Forecast Trend Analysis
12.1. Europe Industrial Gearbox Market Assessments & Key Findings
12.2. Europe Industrial Gearbox Market Share (%) Estimates and Forecasts, 2022 & 2020
12.3. Europe Industrial Gearbox Market Size Estimates and Forecast (US$ Million) (2022 to 2020)
12.3.1. By Type
12.3.2. By Product Type
12.3.3. By Size
12.3.4. By Torque
12.3.5. By Design
12.3.6. By Industry
12.3.7. By Major Country
12.3.7.1. Germany
12.3.7.2. The U.K.
12.3.7.3. France
12.3.7.4. Italy
12.3.7.5. Spain
12.3.7.6. Rest of Europe (includes all other European countries)
13. Asia Pacific Industrial Gearbox Market: Estimates & Forecast Trend Analysis
13.1. Asia Pacific Industrial Gearbox Market Assessments & Key Findings
13.2. Asia Pacific Industrial Gearbox Market Share (%) Estimates and Forecasts, 2022 & 2020
13.3. Asia Pacific Industrial Gearbox Market Size Estimates and Forecast (US$ Million) (2022 to 2020)
13.3.1. By Type
13.3.2. By Product Type
13.3.3. By Size
13.3.4. By Torque
13.3.5. By Design
13.3.6. By Industry
13.3.7. By Major Country
13.3.7.1. China
13.3.7.2. Japan
13.3.7.3. India
13.3.7.4. ASEAN
13.3.7.5. South Korea
13.3.7.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
14. Middle East & Africa Industrial Gearbox Market: Estimates & Forecast Trend Analysis
14.1. Middle East & Africa Industrial Gearbox Market Assessments & Key Findings
14.2. Middle East & Africa Industrial Gearbox Market Share (%) Estimates and Forecasts, 2022 & 2020
14.3. Middle East & Africa Industrial Gearbox Market Size Estimates and Forecast (US$ Million) (2022 to 2020)
14.3.1. By Type
14.3.2. By Product Type
14.3.3. By Size
14.3.4. By Torque
14.3.5. By Design
14.3.6. By Industry
14.3.7. By Major Country
14.3.7.1. GCC
14.3.7.2. South Africa
14.3.7.3. Egypt
14.3.7.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
15. Latin America Industrial Gearbox Market: Estimates & Forecast Trend Analysis
15.1. Latin America Market Assessments & Key Findings
15.2. Latin America Industrial Gearbox Market Share (%) Estimates and Forecasts, 2022 & 2020
15.3. Latin America Industrial Gearbox Market Size Estimates and Forecast (US$ Million) (2022 to 2020)
15.3.1. By Type
15.3.2. By Product Type
15.3.3. By Size
15.3.4. By Torque
15.3.5. By Design
15.3.6. By Industry
15.3.7. By Major Country
15.3.7.1. Brazil
15.3.7.2. Mexico
15.3.7.3. Rest of Latin America (includes all other Latin America countries)
16. Competitive Landscape
16.1. Industrial Gearbox Market Revenue Share Analysis (%), by Major Players (2021)
16.2. Industrial Gearbox Market Competition Matrix, by Leading Players
16.3. Industrial Gearbox List of Emerging, Prominent and Leading Players
16.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
17. Company Profiles
17.1. Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd
17.1.1. Company Overview & Insights
17.1.2. Financial Performance
17.1.3. Product / Service Portfolio
17.1.4. Geographical Footprint & Share
17.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
17.2. Lenze SE
17.3. Flender Ltd
17.4. Getriebebau NORD GmbH & Co. KG
17.5. Bosch Rexroth AG
17.6. Zollern GmbH & Co. KG
17.7. INGECO GEARS Pvt Ltd
17.8. Sew-Eurodrive GmbH & Co KG
17.9. Essential Power Transmission Pvt Ltd
17.10. Bonfiglioli Drives Co. Ltd
17.11. Kngear
17.12. Elecon Engineering Company Limited
17.13. Siemens AG
17.14. Watt Drive Antriebstechnik GmbH
17.15. Emerson Electric Co.
17.16. Nidec Motor Corporation
17.17. Dana Brevini Power Transmission
17.18. Johnson Electric Holdings Limited
17.19. Bauer Gear GmbH
17.20. Bondioli & Pavesi S.p.A.
17.21. Comer Industries
17.22. China High-Speed Transmission Equipment Group Co., Ltd.
17.23. Others
18. Assumptions and Research Methodology
18.1. Data Mining
18.2. Secondary Research
18.3. Primary Research
18.4. Subject Matter Expert Advice
18.5. Quality Check
18.6. Final Review
18.7. Data Triangulation
18.8. Bottom-Up Approach
18.9. Top Down Approach
18.10. Research Flow
18.11. Key Insights from Torque Experts
18.12. Data Sources
18.13. Assumptions
18.14. Limitations
19. Conclusions and Recommendations
19.1. Key Research Findings and Conclusion
19.2. Key Insights & Recommendations from Analysts
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