Industrial Gearbox Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

Industrial Gearbox Market will exhibit a 4.5% CAGR between 2024 and 2032, spurred by rising focus on improved designs for higher efficiency and reduced noise. Innovations in materials, such as high-strength alloys and composite materials, are enhancing the performance and durability of gearboxes.

The integration of IoT and digital technologies is further leading to the development of smart gearboxes with sensors and connectivity features to provide real-time monitoring, predictive maintenance, and improved efficiency. The growing focus of manufacturers on capacity enhancements will further drive product uptake. For example, in April 2024, International manufacturer Horsburgh and Scott Company established a 32,000-sq ft facility in Slidell, LA, to aid the service, repair, and assembly of industrial gears and gearboxes for the defense sector.

The overall industry is segmented on the basis of product type, power, end use industry, distribution channel, and region.

By power, the industrial gearbox industry value from the medium (500 kW to 10 MW) segment will witness lucrative growth up to 2032, owing to their ability to offer customization for different applications, such as high-torque or high-speed operations. Medium-sized gearboxes strike a balance between performance and cost, rendering them a budget-friendly choice for numerous industrial applications. The advantages of adaptability and efficiency in managing diverse power needs will also fuel increasing product adoption.

With respect to end use industry, the industrial gearbox market size from the marine segment will record expansion through 2032. The growth can be attributed to the strong need to withstand harsh marine environments, including high humidity, saltwater exposure, and extreme temperatures. Deck machinery, including anchor winches, mooring winches, and capstans, rely on gearboxes to deliver essential torque and speed for operations, such as anchoring, mooring, and cargo handling.

Asia Pacific industrial gearbox industry value will grow from 2024 to 2032 owing to increasing regulatory requirements related to product quality, safety, and environmental impacts.

Gearbox manufacturers are also eyeing new opportunities in Asia Pacific's emerging markets, notably Vietnam, Thailand, and Indonesia. As these nations ramp up industrial activities and infrastructure projects, the demand for diverse gearbox solutions is on the rise.

Product Code: 10208

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis.
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rise of industrial automation across various sector
  - 3.2.1.2 Advancement in overall gearbox technology
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 High maintenance requirement
  - 3.2.2.2 Gear wear and failure
3.3 Growth potential analysis
3.4 Technological landscape
3.5 Trend analysis
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Product Type (USD Billion) (Thousand Units)

5.1 Key trends
5.2 Helical
5.3 Bevel
5.4 Worm
5.5 Planetary
5.6 Others (Spur, Spiral, etc.)

Chapter 6 Market Estimates and Forecast, By Power (USD Billion) (Thousand Units)

6.1 Key trends
6.2 Small (up to 500 kW)
6.3 Medium (500 kW to 10 MW)
6.4 Large (above 10 MW)

Chapter 7 Market Estimates and Forecast, By End Use Industry (USD Billion) (Thousand Units)

7.1 Key trends
7.2 Wind power
7.3 Material handling
7.4 Construction
7.5 Marine
7.6 Energy
7.7 Transportation
7.8 Others (Agriculture, Mining etc.)

Chapter 8 Market Estimates and Forecast, By Distribution Channel (USD Billion) (Thousand Units)

8.1 Key trends
8.2 Direct sales
8.3 Indirect sales

Chapter 9 Market Estimates and Forecast, By Region (USD Billion) (Thousand Units)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Abex Corporation Co., LTD.
10.2 Bonfiglioli S.P.A.
10.3 Davall Gears
10.4 Elecon Engineering Company Limited
10.5 Flender
10.6 HJ Corporation
10.7 ISHIBASHI Manufacturing Co., Ltd.
10.8 Kissling AG
10.9 Nippon Gear Co., Ltd.
10.10 Premium Transmission
10.11 Schaeffler Group
10.12 STOBER Antriebstechnik GmbH + Co. KG.
10.13 Sumitomo Heavy Industries, Ltd
10.14 WM Berg Inc.
10.15 ZF Friedrichshafen AG