Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Gear Boxes Market by Type (Spiral Bevel Gear Boxes, Turbine Gear Boxes, Others), By Application (Agriculture, Construction and Utility, Defense, Fire and Rescue, Heavy Haul, Mobile Cranes, Rail Car) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Gear Boxes Market by Type (Spiral Bevel Gear Boxes, Turbine Gear Boxes, Others), By Application (Agriculture, Construction and Utility, Defense, Fire and Rescue, Heavy Haul, Mobile Cranes, Rail Car) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131175 3300 Machinery & Equipment 377 234 Pages 4.7 (41)

Market Overview:

The global gear boxes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for gear boxes in various applications, such as agriculture, construction and utility, defense, fire and rescue, heavy haul, mobile cranes and rail cars. Additionally, the growing industrialization and urbanization are also contributing to the growth of the global gear boxes market. However, factors such as volatility in raw material prices may restrain the growth of this market during the forecast period.

Global Gear Boxes Industry Outlook

Product Definition:

Gear Boxes are devices that convert rotational motion into linear motion or vice versa. They are typically found in mechanisms such as transmissions, power tools and robotics. Gear boxes can be either manual or automatic, and come in a variety of sizes and shapes. The most common use for gear boxes is to increase the torque or speed of an engine.

Spiral Bevel Gear Boxes:

Spiral bevel gear boxes, also known as spur or Helical Bevel gears are used in various applications such as automobile transmission and final drive. These boxes are manufactured with the help of special materials like cast iron and steel. The main factors driving the growth factor for spiral bevel gearboxes in the global Gear Boxes market include high torque ratio, low speed fluctuation, high efficiency along with easy maintenance characteristics.

Turbine Gear Boxes:

A turbine gear boxes is a mechanical device used to transmit the energy generated from a rotating source through the turbines. It is an essential component of thermal power plants and forms one of the key components in any type of gear box. The primary function performed by turbine gear boxes is to decrease rotational speed so that energy can be extracted from them via reduction in impeller speed or augmentation via increase in impeller speed.

Application Insights:

The construction and utility application segment dominated the global gear boxes market in 2017, accounting for over 30.0% share of the overall revenue. The segment is projected to witness significant growth over the forecast period owing to rising demand from countries, such as India and China, where infrastructure development is significantly increasing at a rapid pace.

In addition, these machines are widely used in forestry operations due to their ability to handle logs with ease and efficiency. Furthermore, they are also used in mining applications owing to their ability to tackle tough terrain with ease while providing stability on uneven surfaces due largelyto spiral bevel design that provides more contact surface area between teeth for better grip on rocks or roots of trees among other hard surfaces like concrete or steel beams etc.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial output, coupled with rising investments in infrastructural development. These factors are anticipated to drive demand for gearboxes across various applications in Asia Pacific during the forecast period.

Europe accounted for a significant share of revenue and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to growing construction activities along with rapidly evolving industries such as oil & gas, power generation, manufacturing, etc., especially in Germany and Italy countries. Moreover, stringent government regulations regarding energy consumption are likely boost demand for efficient motors across Europe over the next eight years.

The Middle East & Africa market was valued at USD X billion in 2017 owing high investment opportunities offered by governments through public-private partnerships (PPP) pertaining infrastructure development projects such as airports expansion programs.

Growth Factors:

  • Increasing demand for electric vehicles
  • Growing industrialization and urbanization in developing countries
  • Rising disposable income of consumers in developing countries
  • Technological advancements in gear boxes manufacturing process
  • Stringent government regulations for reducing carbon emissions

Scope Of The Report

Report Attributes

Report Details

Report Title

Gear Boxes Market Research Report

By Type

Spiral Bevel Gear Boxes, Turbine Gear Boxes, Others

By Application

Agriculture, Construction and Utility, Defense, Fire and Rescue, Heavy Haul, Mobile Cranes, Rail Car

By Companies

NSK, IGW, Involute Powergear, Tandler, Kavitsu, Meritor, Rowland Company, Stober, Omni Gear

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Gear Boxes Market Report Segments:

The global Gear Boxes market is segmented on the basis of:


Spiral Bevel Gear Boxes, Turbine Gear Boxes, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Agriculture, Construction and Utility, Defense, Fire and Rescue, Heavy Haul, Mobile Cranes, Rail Car

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. NSK
  2. IGW
  3. Involute Powergear
  4. Tandler
  5. Kavitsu
  6. Meritor
  7. Rowland Company
  8. Stober
  9. Omni Gear

Global Gear Boxes Market Overview

Highlights of The Gear Boxes Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Spiral Bevel Gear Boxes
    2. Turbine Gear Boxes
    3. Others
  1. By Application:

    1. Agriculture
    2. Construction and Utility
    3. Defense
    4. Fire and Rescue
    5. Heavy Haul
    6. Mobile Cranes
    7. Rail Car
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Gear Boxes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Product & Brand Management
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Global Gear Boxes Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Gear boxes are mechanical devices that convert rotational motion into linear motion. Gear boxes can be found in a variety of applications, including automobiles, motorcycles, bicycles, and industrial machinery.

Some of the key players operating in the gear boxes market are NSK, IGW, Involute Powergear, Tandler, Kavitsu, Meritor, Rowland Company, Stober, Omni Gear.

The gear boxes market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Gear Boxes Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Gear Boxes Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Gear Boxes Market - Supply Chain
   4.5. Global Gear Boxes Market Forecast
      4.5.1. Gear Boxes Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Gear Boxes Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Gear Boxes Market Absolute $ Opportunity

5. Global Gear Boxes Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Gear Boxes Market Size and Volume Forecast by Type
      5.3.1. Spiral Bevel Gear Boxes
      5.3.2. Turbine Gear Boxes
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Gear Boxes Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Gear Boxes Market Size and Volume Forecast by Application
      6.3.1. Agriculture
      6.3.2. Construction and Utility
      6.3.3. Defense
      6.3.4. Fire and Rescue
      6.3.5. Heavy Haul
      6.3.6. Mobile Cranes
      6.3.7. Rail Car
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Gear Boxes Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Gear Boxes Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Gear Boxes Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Gear Boxes Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Gear Boxes Demand Share Forecast, 2019-2029

9. North America Gear Boxes Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Gear Boxes Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Gear Boxes Market Size and Volume Forecast by Application
      9.4.1. Agriculture
      9.4.2. Construction and Utility
      9.4.3. Defense
      9.4.4. Fire and Rescue
      9.4.5. Heavy Haul
      9.4.6. Mobile Cranes
      9.4.7. Rail Car
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Gear Boxes Market Size and Volume Forecast by Type
      9.7.1. Spiral Bevel Gear Boxes
      9.7.2. Turbine Gear Boxes
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Gear Boxes Demand Share Forecast, 2019-2029

10. Latin America Gear Boxes Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Gear Boxes Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Gear Boxes Market Size and Volume Forecast by Application
      10.4.1. Agriculture
      10.4.2. Construction and Utility
      10.4.3. Defense
      10.4.4. Fire and Rescue
      10.4.5. Heavy Haul
      10.4.6. Mobile Cranes
      10.4.7. Rail Car
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Gear Boxes Market Size and Volume Forecast by Type
      10.7.1. Spiral Bevel Gear Boxes
      10.7.2. Turbine Gear Boxes
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Gear Boxes Demand Share Forecast, 2019-2029

11. Europe Gear Boxes Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Gear Boxes Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Gear Boxes Market Size and Volume Forecast by Application
      11.4.1. Agriculture
      11.4.2. Construction and Utility
      11.4.3. Defense
      11.4.4. Fire and Rescue
      11.4.5. Heavy Haul
      11.4.6. Mobile Cranes
      11.4.7. Rail Car
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Gear Boxes Market Size and Volume Forecast by Type
      11.7.1. Spiral Bevel Gear Boxes
      11.7.2. Turbine Gear Boxes
      11.7.3. Others
   11.8. Basis Point Shre (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Gear Boxes Demand Share, 2019-2029

12. Asia Pacific Gear Boxes Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Gear Boxes Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Gear Boxes Market Size and Volume Forecast by Application
      12.4.1. Agriculture
      12.4.2. Construction and Utility
      12.4.3. Defense
      12.4.4. Fire and Rescue
      12.4.5. Heavy Haul
      12.4.6. Mobile Cranes
      12.4.7. Rail Car
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Gear Boxes Market Size and Volume Forecast by Type
      12.7.1. Spiral Bevel Gear Boxes
      12.7.2. Turbine Gear Boxes
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Gear Boxes Demand Share, 2019-2029

13. Middle East & Africa Gear Boxes Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Gear Boxes Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Gear Boxes Market Size and Volume Forecast by Application
      13.4.1. Agriculture
      13.4.2. Construction and Utility
      13.4.3. Defense
      13.4.4. Fire and Rescue
      13.4.5. Heavy Haul
      13.4.6. Mobile Cranes
      13.4.7. Rail Car
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Gear Boxes Market Size and Volume Forecast by Type
      13.7.1. Spiral Bevel Gear Boxes
      13.7.2. Turbine Gear Boxes
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Gear Boxes Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Gear Boxes Market: Market Share Analysis
   14.2. Gear Boxes Distributors and Customers
   14.3. Gear Boxes Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. NSK Overview Financials Developments Strategic Outlook
      14.4.2. IGW Overview Financials Developments Strategic Outlook
      14.4.3. Involute Powergear Overview Financials Developments Strategic Outlook
      14.4.4. Tandler Overview Financials Developments Strategic Outlook
      14.4.5. Kavitsu Overview Financials Developments Strategic Outlook
      14.4.6. Meritor Overview Financials Developments Strategic Outlook
      14.4.7. Rowland Company Overview Financials Developments Strategic Outlook
      14.4.8. Stober Overview Financials Developments Strategic Outlook
      14.4.9. Omni Gear Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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