Market Overview:
The global bevel gearbox 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 bevel gearboxes in various applications, such as power generation, construction, agriculture, automotive, marine and others. Additionally, the growing industrialization and urbanization are also contributing to the growth of the global bevel gearbox market.
Product Definition:
A bevel gearbox is a type of gearbox that uses bevel gears to transmit power. Bevel gears are cone-shaped and have teeth that project at right angles to the axis of rotation. This allows them to mesh with other bevel gears, which is why they are often used in gearboxes.
Straight Bevel Gearbox:
Straight bevel gearbox is a type of spur gearbox with no offset and limited or no reverse. It has straight cut gears that are free from any kind of camber. The straight bevel gearboxes are used in electric motors where high torque is required at low speeds, typically under 500 rpm.
Spiral Bevel Gearbox:
A spiral bevel gearbox is a special type of gearbox used in electric motors. The main characteristic of this kind of gearboxes is that the teeth of the output gears are arranged in a circular or spiral shape, hence the name “spiral bevel”.
Application Insights:
The construction industry was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The product has a wide range of applications in this sector, including concrete pumps, dragline excavators, roadheader gearboxes and mining equipment. In addition, bevel gearboxes with integrated hydraulic systems are preferred for heavy-duty operations as they offer high power density along with excellent performance characteristics.
Power generation accounted for 15.9% of global revenue share in 2017 owing to rising demand from countries such as India and China that have been experiencing rapid industrialization over past few centuries. Bevel gearbox plays an important role in coal-fired power plants as it provides smooth torque conversion while eliminating surging & stroking problems due to its bevel design that offers constant speed throughout the load range of shafts without any additional reduction gearing or other mechanical components required by other designs for low speed operation or overload protection.
Regional Analysis:
Asia Pacific dominated the global bevel gearbox market in 2016 and is expected to continue its dominance over the next eight years. The region has been witnessing strong economic growth on account of increasing industrial activities, coupled with rising foreign investments. The growing construction industry in emerging economies such as China and India owing to rapid urbanization is anticipated to drive the regional market further.
The Asia Pacific region was followed by Europe which accounted for a share of over 20% in 2016 owing to high demand from several major industries including power generation, automotive, marine etc. In 2017, European Union imposed heavy taxes on diesel-fueled vehicles resulting into significant sales decrease for these cars; however this did not affect sales much for BEVs since they are cheaper than their counterparts fueled by diesel or petrol engines.
Growth Factors:
- Increasing demand from the automotive industry for fuel-efficient vehicles
- Growing demand for gearboxes in construction and mining equipment
- Rising popularity of electric vehicles and hybrid vehicles
- Proliferation of industrial automation across various industries
- Growing trend of miniaturization in electronics
Scope Of The Report
Report Attributes
Report Details
Report Title
Bevel Gearbox Market Research Report
By Type
Straight Bevel Gearbox, Spiral Bevel Gearbox, Zerol Bevel Gearbox, Hypoid Bevel Gearbox
By Application
Power Generation, Construction, Agriculture, Automotive, Marine, Others
By Companies
Emerson Electric, Johnson Electric, Siemens, Sumitomo, Watt Drive Weg, GKN, China High Speed Transmission Equipment Group, Bonfiglioli, KHK Gears, Tandler, Emerson Electric, Boston 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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Bevel Gearbox Market Report Segments:
The global Bevel Gearbox market is segmented on the basis of:
Types
Straight Bevel Gearbox, Spiral Bevel Gearbox, Zerol Bevel Gearbox, Hypoid Bevel Gearbox
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
Power Generation, Construction, Agriculture, Automotive, Marine, Others
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:
- Emerson Electric
- Johnson Electric
- Siemens
- Sumitomo
- Watt Drive Weg
- GKN
- China High Speed Transmission Equipment Group
- Bonfiglioli
- KHK Gears
- Tandler
- Emerson Electric
- Boston Gear
Highlights of The Bevel Gearbox 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:
- Straight Bevel Gearbox
- Spiral Bevel Gearbox
- Zerol Bevel Gearbox
- Hypoid Bevel Gearbox
- By Application:
- Power Generation
- Construction
- Agriculture
- Automotive
- Marine
- Others
- 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 Bevel Gearbox 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?
A bevel gearbox is a type of transmission that uses gears to change the direction of rotation. The bevel gearbox allows for more torque and speed to be transmitted than a standard transmission.
Some of the key players operating in the bevel gearbox market are Emerson Electric, Johnson Electric, Siemens, Sumitomo, Watt Drive Weg, GKN, China High Speed Transmission Equipment Group, Bonfiglioli, KHK Gears, Tandler, Emerson Electric, Boston Gear.
The bevel gearbox market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bevel Gearbox Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bevel Gearbox Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bevel Gearbox Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bevel Gearbox Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bevel Gearbox Market Size & Forecast, 2020-2028
4.5.1 Bevel Gearbox Market Size and Y-o-Y Growth
4.5.2 Bevel Gearbox Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Straight Bevel Gearbox
5.2.2 Spiral Bevel Gearbox
5.2.3 Zerol Bevel Gearbox
5.2.4 Hypoid Bevel Gearbox
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Construction
6.2.3 Agriculture
6.2.4 Automotive
6.2.5 Marine
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bevel Gearbox Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bevel Gearbox Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Straight Bevel Gearbox
9.6.2 Spiral Bevel Gearbox
9.6.3 Zerol Bevel Gearbox
9.6.4 Hypoid Bevel Gearbox
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Construction
9.10.3 Agriculture
9.10.4 Automotive
9.10.5 Marine
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Straight Bevel Gearbox
10.6.2 Spiral Bevel Gearbox
10.6.3 Zerol Bevel Gearbox
10.6.4 Hypoid Bevel Gearbox
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Construction
10.10.3 Agriculture
10.10.4 Automotive
10.10.5 Marine
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Straight Bevel Gearbox
11.6.2 Spiral Bevel Gearbox
11.6.3 Zerol Bevel Gearbox
11.6.4 Hypoid Bevel Gearbox
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Construction
11.10.3 Agriculture
11.10.4 Automotive
11.10.5 Marine
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Straight Bevel Gearbox
12.6.2 Spiral Bevel Gearbox
12.6.3 Zerol Bevel Gearbox
12.6.4 Hypoid Bevel Gearbox
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Construction
12.10.3 Agriculture
12.10.4 Automotive
12.10.5 Marine
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Straight Bevel Gearbox
13.6.2 Spiral Bevel Gearbox
13.6.3 Zerol Bevel Gearbox
13.6.4 Hypoid Bevel Gearbox
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Construction
13.10.3 Agriculture
13.10.4 Automotive
13.10.5 Marine
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bevel Gearbox Market: Competitive Dashboard
14.2 Global Bevel Gearbox Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson Electric
14.3.2 Johnson Electric
14.3.3 Siemens
14.3.4 Sumitomo
14.3.5 Watt Drive Weg
14.3.6 GKN
14.3.7 China High Speed Transmission Equipment Group
14.3.8 Bonfiglioli
14.3.9 KHK Gears
14.3.10 Tandler
14.3.11 Emerson Electric
14.3.12 Boston Gear
