Industrial Gearbox Market | Discover Top Segments, Trends, Drivers and Challenges
Market Forecast and Growth Projections 2021-2025

The industrial gearbox market is expected to grow by $ 10.37 billion, accelerating at a CAGR of almost 4.63% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Industrial Gearbox Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The Industrial Gearbox Market is segmented by Product (Standard gearbox and Precision gearbox), End-user (Power generation, Oil and gas, General machinery, and Others), and Geography (APAC, Europe, North America, South America, and MEA).
• In terms of geographic segmentation we found that 53% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Industrial Gearbox Market size.

Industrial Gearbox Market: Trends, Drivers, Challenges

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• A key market driver for the Industrial Gearbox Market will be adoption of industrial automation.
• Growing investments in renewable energy is another factor that will be instrumental in driving market growth during the forecast period.
• One of the key challenges that market players need to contend with in order to achieve further success is the Growing competition from direct drive systems.

Industrial Gearbox Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• ABB Ltd., Bonfiglioli Riduttori SpA, China High Speed Transmission Equipment Group Co. Ltd., Elecon Engineering Co. Ltd., Rexnord Corp., SEW-EURODRIVE GmbH and Co KG, Siemens AG, Sumitomo Heavy Industries Ltd., The Timken Co., and Triveni Engineering & Industries Ltd are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Browse some of related market reports for more insights:

• Bicycle Gearbox System Market: Technavio has been monitoring the bicycle gearbox system market and it is expected to grow by $ 2.12 billion, accelerating at a CAGR of almost 9% during the forecast period.
• Industrial Planetary Gearbox Market: The industrial planetary gearbox market is set to post an incremental growth of $ 865.99 million, decelerating at a CAGR of almost 4.86% during the forecast period.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of over 4.63%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 10.37 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Adoption of industrial automation will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   53% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are ABB Ltd., Bonfiglioli Riduttori SpA, China High Speed Transmission Equipment Group Co. Ltd., Elecon Engineering Co. Ltd., Rexnord Corp., SEW-EURODRIVE GmbH and Co KG, Siemens AG, Sumitomo Heavy Industries Ltd., The Timken Co., and Triveni Engineering & Industries Ltd
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Standard gearbox and Precision gearbox), End-user (Power generation, Oil and gas, General machinery, and Others), and Geography (APAC, Europe, North America, South America, and MEA)

Industrial Gearbox Market Size to Grow by $ 9.91 bn through 2020-2024  

Technavio research projects the industrial gearbox market to grow by $ 9.91 bn, accelerating at a CAGR of over 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Industrial Gearbox Market: Receive FREE Sample Report

Industrial Gearbox Market: Key Market Driver

One of the primary factors that will trigger the growth of the industrial gearbox market size is adoption of industrial automation. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Industrial Gearbox Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Bonfiglioli Riduttori SpA, China High Speed Transmission Equipment Group Co. Ltd., Elecon Engineering Co. Ltd., Rexnord Corp., SEW-EURODRIVE, Siemens AG, Sumitomo Heavy Industries Ltd., THE TIMKEN Co., and Triveni Engineering & Industries Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report