Market Overview:
The global precision gearboxes 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 precision gearboxes in various applications, such as metallurgical, chemical, building, and others. In addition, the growing demand for miniaturized and lightweight gearboxes is also contributing to the growth of this market. Based on type, the global precision gearboxes market can be segmented into vertical type precision gearboxes and horizontal type precision gearboxes. The vertical type Precision Gearbox dominates this market with a share of more than 60%. This dominance is mainly due to its high torque density and compact size that makes it suitable for use in tight spaces. Based on application, the global Precision Gearbox Market can be segmented into metallurgical processing equipment & systems; chemical process equipment & systems; building automation equipment; material handling systems; medical devices & diagnostics equipment; printing presses/publishing machinery; textile machinery/laundry machinery ; food processing machines ; semiconductor manufacturing equipments ; automotive components ; aerospace components ; marine propulsion system components . Among these applications segments ,metallurgical processing equipments&systems held largest share in 2017 owing to increase in production capacity of steel mills across globe .
Product Definition:
Precision Gearboxes are high-precision gearboxes that provide very low backlash and excellent accuracy. They are used in applications where precise motion control is required, such as medical devices, semiconductor manufacturing equipment, and scientific research instruments.
Vertical Type Precision Gearboxes:
Vertical type precision gearboxes are used in aerospace and automotive industries to convert rotary motion into linear movement. They are also known as reaction motors, which have applications in space flight control systems, automobile drive trains and medical devices. The product is expected to witness significant growth owing to its increasing usage in the aerospace industry for various purposes such as actuating valves, attitude control systems and braking system among others.
Horizontal Type Precision Gearboxes:
Horizontal type precision gearboxes are used in the production of semiconductors, industrial robots, and automotive components. The product is manufactured using advanced technologies that help to reduce errors during machining operations. These horizontal type precision gearboxes have applications in various industries such as aerospace & defense, automotive & transportation and electronics manufacturing among others.
Application Insights:
The other application segment includes the automotive, aerospace and defense industry. The demand for GPGs in building and construction industry is anticipated to witness growth at a CAGR of XX% from 2018 to 2030 owing to the rising need for gearboxes with high precision in order to meet stringent environmental requirements while installing machines and equipment used in construction activities. In addition, growing urbanization along with increasing investments by governments in infrastructure development is expected drive the market over the forecast period.
Building applications accounted for more than 40% of total revenue share on account of high demand from metallurgical industries across various regions coupled with growing product utilization within this sector as well as others such as chemical processing industries are expected to drive market growth over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are witnessing strong economic growth owing to increasing industrial output as well as robust manufacturing sector.
The Asia Pacific regional market includes major countries such as China, India, Indonesia, Malaysia Philippines Singapore South Korea Thailand Vietnam Myanmar Bangladesh Pakistan Sri Lanka Afghanistan Iran Nigeria Egypt Ethiopia Kenya Morocco Kuwait Qatar Saudi Arabia Iraq Oman United Arab Emirates Yemen Colombia Brazil Chile Argentina Mexico Venezuela Canada U S A Germany Italy France Spain Netherlands Belgium Russia Poland Ukraine France Sweden Belgium Norway Finland Denmark Ireland UK Switzerland Australia New Zealand Israel Rest of Latin America Rest of Middle East & Africa Countries such as Brazil and Argentina have also been experiencing strong economic growth due to their flourishing automotive industry which has led them adopting precision gearboxes at a faster pace than other regions.
Growth Factors:
- Increasing demand for precision gearboxes from the automotive industry on account of stringent emission norms and fuel efficiency requirements.
- Growing demand for precision gearboxes in the industrial sector owing to increasing adoption of automation and robotics across various industries.
- Rising popularity of electric vehicles which require high-precision gearboxes for efficient power transmission.
- Proliferation of smart factories that need advanced gearbox systems to meet the ever-increasing production demands.
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Gearboxes Market Research Report
By Type
Vertical Type Precision Gearboxes, Horizontal Type Precision Gearboxes, Other
By Application
Metallurgical, Chemical, Building, Other
By Companies
KHK, Bonfiglioli, HGT, CGI, GAM, Apex Dynamics, Girard, ElectroCraft, Reliance Precision, Geerjingji, KHK
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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Precision Gearboxes Market Report Segments:
The global Precision Gearboxes market is segmented on the basis of:
Types
Vertical Type Precision Gearboxes, Horizontal Type Precision Gearboxes, Other
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
Metallurgical, Chemical, Building, 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:
- KHK
- Bonfiglioli
- HGT
- CGI
- GAM
- Apex Dynamics
- Girard
- ElectroCraft
- Reliance Precision
- Geerjingji
- KHK
Highlights of The Precision Gearboxes 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:
- Vertical Type Precision Gearboxes
- Horizontal Type Precision Gearboxes
- Other
- By Application:
- Metallurgical
- Chemical
- Building
- 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 Precision Gearboxes 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?
Precision Gearboxes are a type of gearbox that is designed to provide high levels of accuracy and precision. They are often used in industrial applications, such as manufacturing and aerospace, where precise movements are required.
Some of the major players in the precision gearboxes market are KHK, Bonfiglioli, HGT, CGI, GAM, Apex Dynamics, Girard, ElectroCraft, Reliance Precision, Geerjingji, KHK.
The precision gearboxes 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 Precision Gearboxes 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 Precision Gearboxes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Gearboxes 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 Precision Gearboxes 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 Precision Gearboxes Market Size & Forecast, 2020-2028
4.5.1 Precision Gearboxes Market Size and Y-o-Y Growth
4.5.2 Precision Gearboxes 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 Vertical Type Precision Gearboxes
5.2.2 Horizontal Type Precision Gearboxes
5.2.3 Other
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 Metallurgical
6.2.2 Chemical
6.2.3 Building
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Gearboxes 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 Precision Gearboxes 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 Vertical Type Precision Gearboxes
9.6.2 Horizontal Type Precision Gearboxes
9.6.3 Other
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 Metallurgical
9.10.2 Chemical
9.10.3 Building
9.10.4 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 Vertical Type Precision Gearboxes
10.6.2 Horizontal Type Precision Gearboxes
10.6.3 Other
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 Metallurgical
10.10.2 Chemical
10.10.3 Building
10.10.4 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 Vertical Type Precision Gearboxes
11.6.2 Horizontal Type Precision Gearboxes
11.6.3 Other
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 Metallurgical
11.10.2 Chemical
11.10.3 Building
11.10.4 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 Vertical Type Precision Gearboxes
12.6.2 Horizontal Type Precision Gearboxes
12.6.3 Other
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 Metallurgical
12.10.2 Chemical
12.10.3 Building
12.10.4 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 Vertical Type Precision Gearboxes
13.6.2 Horizontal Type Precision Gearboxes
13.6.3 Other
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 Metallurgical
13.10.2 Chemical
13.10.3 Building
13.10.4 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 Precision Gearboxes Market: Competitive Dashboard
14.2 Global Precision Gearboxes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KHK
14.3.2 Bonfiglioli
14.3.3 HGT
14.3.4 CGI
14.3.5 GAM
14.3.6 Apex Dynamics
14.3.7 Girard
14.3.8 ElectroCraft
14.3.9 Reliance Precision
14.3.10 Geerjingji
14.3.11 KHK
