Industrial Gearbox Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The size of the global industrial gearbox market was around USD 29.3 billion in 2023, and it is expected to reach USD 30.5 billion by 2030, advancing at a CAGR of 4.5% over the forecast period.

One of the important factors that bolster the growth in the market is the escalating tendency of the farmers and the other sectors such as food processing, industrial manufacturing, and so on towards the adoption of these components. Besides, energy-efficient gearboxes are required in less electricity usage to reduce environmental impacts, which in turn will promote the demand for the gearboxes.

Automation technology is contributing to the growth of the robotics industry, which is increasing the industrial gearbox demand as this equipment is used for the accurate control of a robotic arm's speed and torque. The sustained growth of regions that deal with robotics and also new gadgets in the gearbox, thanks to development investments and constant product innovations, is the trend.

To cope with the rising global energy consumption, the executive Government is taking recourse to policies and schemes focused on the power generation sector. The use of industrial gearboxes in wind parks and hydroelectric power plants provides the most robust impetus for the growth of the market. In windmills, they connect the main rotary shaft given the alternator at two ends, while in hydroelectric plants, they are installed between the turbine shaft and the AC generator.

Key Insights

Helical gearboxes dominated with a 35% market share in 2023.

Features winding tooth lines and parallel shafts for efficient operation.

Stronger teeth seamlessly blended for larger load transmission with less dynamic load.

Offers lower vibrations and noise levels.

Planetary gearboxes are the fastest-growing category with an expected CAGR of 4.9% (2024-2030).

Widely used in steel plants, wind turbines, agriculture, cement, and mining.

Utilized as rotation multipliers, powered by hydraulic/electric motors or combustion engines.

Parallel axis gearboxes held a 45% market share in 2023.

Efficient operation at low and medium speeds, commonly used in manufacturing.

Angled axis gearboxes show the fastest growth at a predicted 4.8% CAGR (2024-2030).

Offer sliding and rolling contact with increased contact area, facilitating moderate interaction.

The power generation category dominated with a 25% market share.

Driven by rising energy demand, increased power generation, and growth in renewable energy sectors.

The manufacturing industry is the fastest-growing category with a predicted 5.2% CAGR (2024-2030).

Vital in industries like steelmaking, food & beverage, chemicals, and heavy engineering.

Government initiatives like Made in China 2025, Making Indonesia 4.0, and make in India drive market growth.

Asia-Pacific held the largest global market share of around 50% in 2023.

It is the same that the great production places are present: China, Japan, and India.

Unlike the conventional power generation industrial machineries, the wind power projects entail more usage of industrial gearboxes. The demand for gearboxes surges due to this.

Growth in engineering technologies and automation led to an increase in gearbox revenue from the sales side.

The government initiatives in the field of NMCP, Make in India, and Pradhan Mantri Mudra Yojna are for accelerating the manufacturing industries growth.

Product Code: 12974

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by design
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Type (2017-2030)
6.3. Market Revenue, by Type (2017-2030)
6.4. Market Volume, by Design (2017-2030)
6.5. Market Revenue, by Design (2017-2030)
6.6. Market Volume, by End User (2017-2030)
6.7. Market Revenue, by End User (2017-2030)
6.8. Market Volume, by Region (2017-2030)
6.9. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Type (2017-2030)
7.3. Market Revenue, by Type (2017-2030)
7.4. Market Volume, by Design (2017-2030)
7.5. Market Revenue, by Design (2017-2030)
7.6. Market Volume, by End User (2017-2030)
7.7. Market Revenue, by End User (2017-2030)
7.8. Market Volume, by Country (2017-2030)
7.9. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Type (2017-2030)
8.3. Market Revenue, by Type (2017-2030)
8.4. Market Volume, by Design (2017-2030)
8.5. Market Revenue, by Design (2017-2030)
8.6. Market Volume, by End User (2017-2030)
8.7. Market Revenue, by End User (2017-2030)
8.8. Market Volume, by Country (2017-2030)
8.9. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Type (2017-2030)
9.3. Market Revenue, by Type (2017-2030)
9.4. Market Volume, by Design (2017-2030)
9.5. Market Revenue, by Design (2017-2030)
9.6. Market Volume, by End User (2017-2030)
9.7. Market Revenue, by End User (2017-2030)
9.8. Market Volume, by Country (2017-2030)
9.9. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Type (2017-2030)
10.3. Market Revenue, by Type (2017-2030)
10.4. Market Volume, by Design (2017-2030)
10.5. Market Revenue, by Design (2017-2030)
10.6. Market Volume, by End User (2017-2030)
10.7. Market Revenue, by End User (2017-2030)
10.8. Market Volume, by Country (2017-2030)
10.9. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Type (2017-2030)
11.3. Market Revenue, by Type (2017-2030)
11.4. Market Volume, by Design (2017-2030)
11.5. Market Revenue, by Design (2017-2030)
11.6. Market Volume, by End User (2017-2030)
11.7. Market Revenue, by End User (2017-2030)
11.8. Market Volume, by Country (2017-2030)
11.9. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Type (2017-2030)
12.3. Market Revenue, by Type (2017-2030)
12.4. Market Volume, by Design (2017-2030)
12.5. Market Revenue, by Design (2017-2030)
12.6. Market Volume, by End User (2017-2030)
12.7. Market Revenue, by End User (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Type (2017-2030)
13.3. Market Revenue, by Type (2017-2030)
13.4. Market Volume, by Design (2017-2030)
13.5. Market Revenue, by Design (2017-2030)
13.6. Market Volume, by End User (2017-2030)
13.7. Market Revenue, by End User (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Type (2017-2030)
14.3. Market Revenue, by Type (2017-2030)
14.4. Market Volume, by Design (2017-2030)
14.5. Market Revenue, by Design (2017-2030)
14.6. Market Volume, by End User (2017-2030)
14.7. Market Revenue, by End User (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Type (2017-2030)
15.3. Market Revenue, by Type (2017-2030)
15.4. Market Volume, by Design (2017-2030)
15.5. Market Revenue, by Design (2017-2030)
15.6. Market Volume, by End User (2017-2030)
15.7. Market Revenue, by End User (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Type (2017-2030)
16.3. Market Revenue, by Type (2017-2030)
16.4. Market Volume, by Design (2017-2030)
16.5. Market Revenue, by Design (2017-2030)
16.6. Market Volume, by End User (2017-2030)
16.7. Market Revenue, by End User (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Type (2017-2030)
17.3. Market Revenue, by Type (2017-2030)
17.4. Market Volume, by Design (2017-2030)
17.5. Market Revenue, by Design (2017-2030)
17.6. Market Volume, by End User (2017-2030)
17.7. Market Revenue, by End User (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Type (2017-2030)
18.3. Market Revenue, by Type (2017-2030)
18.4. Market Volume, by Design (2017-2030)
18.5. Market Revenue, by Design (2017-2030)
18.6. Market Volume, by End User (2017-2030)
18.7. Market Revenue, by End User (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Type (2017-2030)
19.3. Market Revenue, by Type (2017-2030)
19.4. Market Volume, by Design (2017-2030)
19.5. Market Revenue, by Design (2017-2030)
19.6. Market Volume, by End User (2017-2030)
19.7. Market Revenue, by End User (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Type (2017-2030)
20.3. Market Revenue, by Type (2017-2030)
20.4. Market Volume, by Design (2017-2030)
20.5. Market Revenue, by Design (2017-2030)
20.6. Market Volume, by End User (2017-2030)
20.7. Market Revenue, by End User (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Type (2017-2030)
21.3. Market Revenue, by Type (2017-2030)
21.4. Market Volume, by Design (2017-2030)
21.5. Market Revenue, by Design (2017-2030)
21.6. Market Volume, by End User (2017-2030)
21.7. Market Revenue, by End User (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Type (2017-2030)
22.3. Market Revenue, by Type (2017-2030)
22.4. Market Volume, by Design (2017-2030)
22.5. Market Revenue, by Design (2017-2030)
22.6. Market Volume, by End User (2017-2030)
22.7. Market Revenue, by End User (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Type (2017-2030)
23.3. Market Revenue, by Type (2017-2030)
23.4. Market Volume, by Design (2017-2030)
23.5. Market Revenue, by Design (2017-2030)
23.6. Market Volume, by End User (2017-2030)
23.7. Market Revenue, by End User (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Type (2017-2030)
24.3. Market Revenue, by Type (2017-2030)
24.4. Market Volume, by Design (2017-2030)
24.5. Market Revenue, by Design (2017-2030)
24.6. Market Volume, by End User (2017-2030)
24.7. Market Revenue, by End User (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Type (2017-2030)
25.3. Market Revenue, by Type (2017-2030)
25.4. Market Volume, by Design (2017-2030)
25.5. Market Revenue, by Design (2017-2030)
25.6. Market Volume, by End User (2017-2030)
25.7. Market Revenue, by End User (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Type (2017-2030)
26.3. Market Revenue, by Type (2017-2030)
26.4. Market Volume, by Design (2017-2030)
26.5. Market Revenue, by Design (2017-2030)
26.6. Market Volume, by End User (2017-2030)
26.7. Market Revenue, by End User (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Type (2017-2030)
27.3. Market Revenue, by Type (2017-2030)
27.4. Market Volume, by Design (2017-2030)
27.5. Market Revenue, by Design (2017-2030)
27.6. Market Volume, by End User (2017-2030)
27.7. Market Revenue, by End User (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Type (2017-2030)
28.3. Market Revenue, by Type (2017-2030)
28.4. Market Volume, by Design (2017-2030)
28.5. Market Revenue, by Design (2017-2030)
28.6. Market Volume, by End User (2017-2030)
28.7. Market Revenue, by End User (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Siemens AG
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Sumitomo Heavy Industries
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. SEW-EURODRIVE GmbH & Co KG
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Dana Motion Systems Italia S.r.l.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Dana Motion Systems Italia S.r.l.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Bondioli and Pavesi S.p.A.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Emerson Electric Co.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Comer Industries
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Johnson Electric Holding Limited
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Nidec Motor Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Elecon Engineering Co. Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Bauer Gear GmbH
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Industrial Gearbox Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)