Market Overview:
The global industrial gearbox market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for construction and mining equipment, cars, wind power, food processing, agriculture, and other applications. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Industrial Gearbox is a device that is used to transmit power from one shaft to another. It helps in the conversion of rotational motion into linear motion or vice versa. The importance of Industrial Gearbox lies in its ability to convert power and transmit it efficiently.
Single-stage Gearbox:
Single-stage gearbox is a type of electric motor that has one set of gears. The main purpose of using this type is to reduce the overall weight and size, which in turn helps to increase the efficiency and performance level.
The single-stage gearbox finds its major application in industrial applications such as material handling equipment, cranes, conveyor belts & pulleys system among others.
Multi-stage Gearbox:
Multi-stage gearbox is a mechanical device used in industrial applications to increase the output speed of a machine. It consists of at least two stages that are connected by an intermediate shaft. The first stage may be fixed or variable, whereas the second stage can be constant or variable as per application requirements.
The main advantages offered by multi-stage gearboxes include high torque conversion ratio.
Application Insights:
The construction and mining equipment segment dominated the global industrial gearbox market in 2017, accounting for over 30.0% share of the overall revenue. The growth can be attributed to increasing demand from developing countries, such as India and China, for advanced infrastructure facilities at a lower cost. This is likely to result in higher demand for industrial gearboxes over the forecast period.
The car application segment is expected to witness significant growth during the forecast period on account of growing automotive production across various regions globally including North America and Europe. In addition, stringent government regulations regarding reduction in vehicular emissions are anticipated to drive product demand from 2017 onward within this segment alone.
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 robust economic growth on account of increasing foreign investments, rising disposable income, and expanding industrial sector. China is considered as one of the major manufacturing hubs with numerous automotive companies having their production facilities there.
The demand for industrial gearboxes in Europe was valued at USD X million in 2017 owing to a well-established manufacturing base for heavy machinery across countries such as Germany, France, Italy, Spain etc., which are among prominent consumers of industrial gearboxes globally.
North America accounted for a significant share owing to presence of prominent mining equipment manufacturers such as Caterpillar Inc.; Komatsu Ltd.; Doosan Heavy Industries Co., Ltd.
Growth Factors:
- Increasing demand for electric vehicles
- Growing construction and infrastructure activities
- Rising industrial output and production capacity in developing countries
- Proliferation of renewable energy sources
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Gearbox Market Research Report
By Type
Single-stage Gearbox, Multi-stage Gearbox
By Application
Construction and Mining Equipment, Car, Wind Power, Food Processing, Agriculture, Other
By Companies
ZF Friedrichshafen, Sew-Eurodrive, China High Speed Transmission Equipment, Siemens, Sumitomo Heavy Industries, Dana, ABB, Bonfiglioli Group, Rexnord, Regal Beloit Corporation, Cone Drive Operations, Horsburgh & Scott, Curtis Machine Company
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Gearbox Market Report Segments:
The global Industrial Gearbox market is segmented on the basis of:
Types
Single-stage Gearbox, Multi-stage 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
Construction and Mining Equipment, Car, Wind Power, Food Processing, Agriculture, Other
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:
- ZF Friedrichshafen
- Sew-Eurodrive
- China High Speed Transmission Equipment
- Siemens
- Sumitomo Heavy Industries
- Dana
- ABB
- Bonfiglioli Group
- Rexnord
- Regal Beloit Corporation
- Cone Drive Operations
- Horsburgh & Scott
- Curtis Machine Company
Highlights of The Industrial 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:
- Single-stage Gearbox
- Multi-stage Gearbox
- By Application:
- Construction and Mining Equipment
- Car
- Wind Power
- Food Processing
- Agriculture
- Other
- 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 Industrial 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?
Industrial Gearbox is a type of gearbox that is used in industrial applications. These gearboxes are designed to provide high-quality, durable performance. They are often used in machines that require high levels of reliability and durability.
Some of the key players operating in the industrial gearbox market are ZF Friedrichshafen, Sew-Eurodrive, China High Speed Transmission Equipment, Siemens, Sumitomo Heavy Industries, Dana, ABB, Bonfiglioli Group, Rexnord, Regal Beloit Corporation, Cone Drive Operations, Horsburgh & Scott, Curtis Machine Company.
The industrial 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 Industrial 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 Industrial Gearbox Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial 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 Industrial 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 Industrial Gearbox Market Size & Forecast, 2020-2028
4.5.1 Industrial Gearbox Market Size and Y-o-Y Growth
4.5.2 Industrial 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 Single-stage Gearbox
5.2.2 Multi-stage 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 Construction and Mining Equipment
6.2.2 Car
6.2.3 Wind Power
6.2.4 Food Processing
6.2.5 Agriculture
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial 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 Industrial 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 Single-stage Gearbox
9.6.2 Multi-stage 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 Construction and Mining Equipment
9.10.2 Car
9.10.3 Wind Power
9.10.4 Food Processing
9.10.5 Agriculture
9.10.6 Other
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 Single-stage Gearbox
10.6.2 Multi-stage 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 Construction and Mining Equipment
10.10.2 Car
10.10.3 Wind Power
10.10.4 Food Processing
10.10.5 Agriculture
10.10.6 Other
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 Single-stage Gearbox
11.6.2 Multi-stage 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 Construction and Mining Equipment
11.10.2 Car
11.10.3 Wind Power
11.10.4 Food Processing
11.10.5 Agriculture
11.10.6 Other
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 Single-stage Gearbox
12.6.2 Multi-stage 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 Construction and Mining Equipment
12.10.2 Car
12.10.3 Wind Power
12.10.4 Food Processing
12.10.5 Agriculture
12.10.6 Other
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 Single-stage Gearbox
13.6.2 Multi-stage 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 Construction and Mining Equipment
13.10.2 Car
13.10.3 Wind Power
13.10.4 Food Processing
13.10.5 Agriculture
13.10.6 Other
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 Industrial Gearbox Market: Competitive Dashboard
14.2 Global Industrial Gearbox Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF Friedrichshafen
14.3.2 Sew-Eurodrive
14.3.3 China High Speed Transmission Equipment
14.3.4 Siemens
14.3.5 Sumitomo Heavy Industries
14.3.6 Dana
14.3.7 ABB
14.3.8 Bonfiglioli Group
14.3.9 Rexnord
14.3.10 Regal Beloit Corporation
14.3.11 Cone Drive Operations
14.3.12 Horsburgh & Scott
14.3.13 Curtis Machine Company
