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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
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:
Types
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.
Applications
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:
- NSK
- IGW
- Involute Powergear
- Tandler
- Kavitsu
- Meritor
- Rowland Company
- Stober
- Omni Gear
Highlights of The Gear Boxes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the 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
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IGW
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Involute Powergear
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tandler
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kavitsu
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Meritor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rowland Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Stober
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Omni Gear
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
