Market Overview:
The global power transmission gearbox market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for power transmission gearboxes in various applications such as automotive, mining, aerospace, marine and chemical industries. In addition, the growing demand for electric vehicles is also contributing to the growth of the global power transmission gearbox market. Based on type, the helical gearbox segment is expected to hold a major share of the global power transmission gearbox market during the forecast period. This can be attributed to its high efficiency and compact size as compared with other types of gears such as planetary and bevel gears.
Product Definition:
A power transmission gearbox is a device used to increase or decrease the speed of a rotating shaft. It can also be used to change the direction of rotation. Gearboxes are important because they allow machines to run at different speeds and in different directions.
Helical:
Helical gears are gear teeth that are wound in the shape of a spiral. The main advantages of using helical gears include high strength and rigidity, low noise & friction, and small size & weight. These factors make them suitable for use in power transmission applications where high torque is required.
The global power transmission gearbox market was valued at USD 23 billion in 2016.
Planetary:
Planetary gears are used in power transmission applications. They are also referred to as epicyclic or epi-cyclic gears. These gears are most commonly used in automotive transmissions, but they can be found in other types of gearboxes as well such as industrial and marine gearboxes.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 30% in 2017. The global automotive industry is witnessing a paradigm shift due to rising demand for electric vehicles. Electric motors are widely used in various applications such as power steering, air conditioner, and engine cooling fans among others. In addition to this, the gearboxes are also used in hybrid and all-wheel drive vehicles which have hydraulic systems as well as electrical systems.
Automotive is one of the key end-use industries that has witnessed significant growth owing to increasing consumer disposable income levels coupled with changing lifestyles has resulted in an increased number of vehicle owners globally who need replacement parts & components on a regular basis thus fueling demand over the forecast period.
Regional Analysis:
Asia Pacific accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in industrialization, especially China and India. Growing demand for power transmission gears from various industries such as construction, automotive, mining, oil & gas has been boosting regional market growth.
The growing manufacturing sector coupled with increasing investments in infrastructural development is anticipated to drive demand from Asia Pacific region over the forecast period. In addition, favorable government policies aimed at promoting electric vehicles along with stringent emission norms are expected to boost product adoption across countries such as China and Japan which will further propel market growth during the projected time frame.
Europe was estimated to be valued at USD X million in 2017 owing to high aerospace production rates of Germany along with other European countries including France.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in renewable energy sources
- Rising need for energy-efficient systems
- Proliferation of smart grids and microgrids
- Development of next-generation power transmission technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Transmission Gearbox Market Research Report
By Type
Helical, Planetary, Bevel, Others
By Application
Automotive, Mining, Aerospace, Marine, Chemical, Others
By Companies
THE TIMKEN COMPANY, Diequa Corporation, Dorris Gear Drives, Lafert North America, Schaeffler Technologies, ZF Friedrichshafen, ISHIBASHI Manufacturing, Sumitomo Heavy Industries Gearbox, China High Speed Transmission Equipment Group, Hangzhou Ever-Power Transmission, THE TIMKEN COMPANY, Premium Transmission, ELECON ENGINEERING, JATCO Ltd, Bonfiglioli Transmissions Private Limited
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Power Transmission Gearbox Market Report Segments:
The global Power Transmission Gearbox market is segmented on the basis of:
Types
Helical, Planetary, Bevel, 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
Automotive, Mining, Aerospace, Marine, Chemical, 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:
- THE TIMKEN COMPANY
- Diequa Corporation
- Dorris Gear Drives
- Lafert North America
- Schaeffler Technologies
- ZF Friedrichshafen
- ISHIBASHI Manufacturing
- Sumitomo Heavy Industries Gearbox
- China High Speed Transmission Equipment Group
- Hangzhou Ever-Power Transmission
- THE TIMKEN COMPANY
- Premium Transmission
- ELECON ENGINEERING
- JATCO Ltd
- Bonfiglioli Transmissions Private Limited
Highlights of The Power Transmission 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:
- Helical
- Planetary
- Bevel
- Others
- By Application:
- Automotive
- Mining
- Aerospace
- Marine
- Chemical
- 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 Power Transmission 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 power transmission gearbox is a component of an engine, vehicle, or machine that transfers power from the engine to the drive wheels.
Some of the major companies in the power transmission gearbox market are THE TIMKEN COMPANY, Diequa Corporation, Dorris Gear Drives, Lafert North America, Schaeffler Technologies, ZF Friedrichshafen, ISHIBASHI Manufacturing, Sumitomo Heavy Industries Gearbox, China High Speed Transmission Equipment Group, Hangzhou Ever-Power Transmission, THE TIMKEN COMPANY, Premium Transmission, ELECON ENGINEERING, JATCO Ltd, Bonfiglioli Transmissions Private Limited.
The power transmission gearbox market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Transmission 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 Power Transmission Gearbox Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Transmission 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 Power Transmission 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 Power Transmission Gearbox Market Size & Forecast, 2018-2028
4.5.1 Power Transmission Gearbox Market Size and Y-o-Y Growth
4.5.2 Power Transmission Gearbox Market Absolute $ Opportunity
Chapter 5 Global Power Transmission Gearbox 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 Power Transmission Gearbox Market Size Forecast by Type
5.2.1 Helical
5.2.2 Planetary
5.2.3 Bevel
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Transmission Gearbox 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 Power Transmission Gearbox Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Mining
6.2.3 Aerospace
6.2.4 Marine
6.2.5 Chemical
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Transmission 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 Power Transmission 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 Power Transmission Gearbox Analysis and Forecast
9.1 Introduction
9.2 North America Power Transmission Gearbox 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 Power Transmission Gearbox Market Size Forecast by Type
9.6.1 Helical
9.6.2 Planetary
9.6.3 Bevel
9.6.4 Others
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 Power Transmission Gearbox Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Mining
9.10.3 Aerospace
9.10.4 Marine
9.10.5 Chemical
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 Power Transmission Gearbox Analysis and Forecast
10.1 Introduction
10.2 Europe Power Transmission Gearbox 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 Power Transmission Gearbox Market Size Forecast by Type
10.6.1 Helical
10.6.2 Planetary
10.6.3 Bevel
10.6.4 Others
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 Power Transmission Gearbox Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Mining
10.10.3 Aerospace
10.10.4 Marine
10.10.5 Chemical
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 Power Transmission Gearbox Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Transmission Gearbox 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 Power Transmission Gearbox Market Size Forecast by Type
11.6.1 Helical
11.6.2 Planetary
11.6.3 Bevel
11.6.4 Others
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 Power Transmission Gearbox Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Mining
11.10.3 Aerospace
11.10.4 Marine
11.10.5 Chemical
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 Power Transmission Gearbox Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Transmission Gearbox 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 Power Transmission Gearbox Market Size Forecast by Type
12.6.1 Helical
12.6.2 Planetary
12.6.3 Bevel
12.6.4 Others
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 Power Transmission Gearbox Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Mining
12.10.3 Aerospace
12.10.4 Marine
12.10.5 Chemical
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) Power Transmission Gearbox Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Transmission Gearbox 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) Power Transmission Gearbox Market Size Forecast by Type
13.6.1 Helical
13.6.2 Planetary
13.6.3 Bevel
13.6.4 Others
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) Power Transmission Gearbox Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Mining
13.10.3 Aerospace
13.10.4 Marine
13.10.5 Chemical
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 Power Transmission Gearbox Market: Competitive Dashboard
14.2 Global Power Transmission Gearbox Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 THE TIMKEN COMPANY
14.3.2 Diequa Corporation
14.3.3 Dorris Gear Drives
14.3.4 Lafert North America
14.3.5 Schaeffler Technologies
14.3.6 ZF Friedrichshafen
14.3.7 ISHIBASHI Manufacturing
14.3.8 Sumitomo Heavy Industries Gearbox
14.3.9 China High Speed Transmission Equipment Group
14.3.10 Hangzhou Ever-Power Transmission
14.3.11 THE TIMKEN COMPANY
14.3.12 Premium Transmission
14.3.13 ELECON ENGINEERING
14.3.14 JATCO Ltd
14.3.15 Bonfiglioli Transmissions Private Limited
