The global industrial
gearbox market is projected to grow at a moderate rate during the forecast
period due to increasing use of industrial gearbox in many manufacturing
industries. This growth will witness a positive outlook in the coming years
owing to increasing automation in industries such as automobile, food
processing, and agriculture machinery. Moreover, increasing investments in
renewable power generation with a shift towards wind power is driving the
industrial gearbox market.
Industrial gearbox is a cylindrical part
having cut teeth on its periphery, which mesh with another tooth part (gear) in
order to transmit torque. There are different types of industrial gearboxes
which are used for different type of purposes. The major gearboxes include
helical gearboxes, coaxial helical inline, bevel helical gearbox, and skew
bevel helical gearbox, among others. Every type of industrial gearbox has
different design; hence the same industrial repair and renewable techniques
would not work for all of them. Hence, industrial gearbox requires proper
maintenance during its life span or operational life.
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Industry
Segmentation
Global industrial gearbox market has been
segmented based on type, design, end-user, and region.
Based on type, the market has been
classified into Helical Industrial Gearbox, Planetary Industrial Gearbox, Bevel
Industrial Gearbox, Spur Industrial Gearbox, Worm Industrial Gearbox, and
Others (Combination Gears Such as Helical-Bevel, Planetary-Worm).
Based on design, the market has been
segmented as parallel, angular, and others. Parallel segment is expected to
dominate the market during the forecast period as the helical and planetary
gearboxes, which hold the substantial share of the industrial gearbox market,
are manufactured using the parallel axis design.
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Key
Players
The key players of the global Industrial
gearboxMarket are Emerson Electric Co, Johnson Electric Holdings Limited,
Siemens AG, Sumitomo Heavy Industries Ltd, Watt Drive Weg Group, Sew-Eurodrive,
Schneider Electric, GKN Off-Highway Powertrain, ABB Ltd, Bauer Gear Motor,
Bondioli & Pavesi, Dana Brevini, Bonfiglioli, Comer Industries, Elecon
Engineering, and China High Speed Transmission Equipment Group Co., Ltd.
Regional
Analysis
Region wise, Asia-Pacific held the largest
market share of the global industrial gearbox market in 2017 due to increasing
use of industrial gearbox in many manufacturing industries. This growth will
witness a positive outlook in the coming years owing to increasing automation
in industries such as automobile, food processing, and agriculture machinery.
Moreover, increasing investments in renewable power generation with a shift
towards wind power is driving the industrial gearbox market.
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