Get Ready to Grow Your Business by Tapping into the US$43.6 Billion Opportunity for Industrial Gearbox
The global market for Industrial Gearbox is projected to reach US$43.6 billion by 2025, driven by increasing adoption of energy-efficient and high-performance gearboxes.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Industrial Gearbox market. Report segmentation includes Type (Helical, Planetary, Bevel, Spur, Worm, Other Types); Design (Parallel Axis, Angular Axis, Other Designs); End-Use [Material Handling, Construction, Wind Power, Metals & Mining, Automotive, Power Generation (excluding Wind Power), Agriculture, Transportation (Rail & Marine), Other End-Uses).
7 June 5:11 A.M., California/Marketwire/ - According to the new market research report, the global market for Industrial Gearbox is projected to reach US$43.6 billion by 2025, driven by increasing adoption of energy-efficient and high-performance gearboxes. The global Industrial Gearbox market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
The market for industrial gearbox is driven by increasing adoption of automation across varied industries and applications. Industrial automation is the process of taking control of any equipment or machinery through technology, resulting in improved production output, thereby resulting in cutting down on manpower and labor expenses. This has encouraged companies to adopt AI and robots, so as to manage the manufacturing process. Robots and the automation equipment are being installed across several industries. The integration of industrial gearboxes with the devices will make the automation process more reliable and efficient. While the need for upgrading the old infrastructure with newer technologies in order to efficiently serve the expanding market and to maintain competitive edge continue to fuel the demand for automation technologies, increased labor costs, the sheer shortage of skilled labor, and ageing workforce are consistently prioritizing the automation model in plants and factories. Gearboxes are finding increasing use in apron feeders, vibro feeders, paddle feeders, dribble feeders, rotary breakers, stacker belt drive, stacker travel drive, crushers, belt conveyors, reclaimers, etc.
Key Competitors Covered in the Report
China High Speed Transmission Equipment Group
Emerson Electric Company
Johnson Electric Holdings Limited
Sumitomo Heavy Industries Limited
Bondioli & Pavesi
Bonfiglioli Italia SPA
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (China, India and Rest of Asia-Pacific)
Middle East & Africa
Latin America (Brazil and Rest of Latin America)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 16202. Among this pool, 1622 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 324 unique participations, a total of 146 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.