Industrial Gearbox Market

Industrial Gearbox Market was valued at USD 28402 million in 2019 and is expected to register a CAGR of 4.7% during the forecast period.

An industrial gearbox can be defined as an enclosed system in which the mechanical energy is transferred from one device to another. The gearbox is used to increase torque while reducing speed. Gearboxes can modify speed, torque, and other attributes to convert the energy into a compatible format. They are used in a variety of devices in various industries including paper, chemical, cement, sugar, steel, agriculture, automotive, rubber, and marine among other industries.

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The factors driving the demand of industrial gearbox are increasing use of automation across all industrial sectors, rapid growth of the construction industry, and growing manufacturing industries all across the world. In addition to this, the increasing deployment of digitalization and robotics in manufacturing industries including paper, rubber, plastic, chemical, and cement is further facilitating the growth of the industrial gearbox market. Moreover, growing demand for the development of robots in order to be used in the production process of automobiles and electric vehicles is positively influencing the market growth. The surge in the growth of the automotive industry globally is further propelling the growth of the industrial gearbox market. However, slowdown of industrialization in Europe and technical challenges including power overload, gear wear, water and oil particulate contamination are the two factors that are anticipated to hamper the growth of the market over the forecast period.

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Based on the type, the market is segmented into helical, planetary, bevel, spur, worm, and others. The planetary industrial gearbox segment is expected to dominate the market over the forecast period. This is primarily due to its increased utilization in a wide range of applications including port lifting equipment, pressure feeder, diffuser, mixers, and crystallizer. In addition to this, the rising demand of planetary industrial gearbox from various industries including power plants, steel plants, food and beverage, mining, and cement coupled with the rising investment in food and beverage, mining and cement industries globally are supporting the growth of the segment.

Based on the design, the market is segmented into parallel, angled, and others. The parallel segment is anticipated to lead the market primarily due to the manufacturing of the helical and planetary gearboxes using the parallel axis design. Additionally, parallel designed gearboxes have higher load capacities and are significantly quieter during operation than non-parallel gearboxes. All these factors are expected to stimulate the growth of the market during the forecast period.

Based on the industry, the wind power segment is projected to grow at a higher CAGR in the industrial gearbox market during the forecast period. The growth in the wind power segment is driven by the increasing investment in wind power plants installations and growing utilization of renewable source of energy worldwide.

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Based on the region, Asia-Pacific region is anticipated to dominate the industrial gearbox market during the forecast period. Increasing investment in the residential and industrial infrastructure development, especially in the growing economies including China, Japan, India, and South Korea is one of the primary factor boosting the growth of the market. Additionally, growing number of manufacturing industries including metal, paper, plastic, food, packaging, and chemical among others is further contributing to the demand of industrial gearboxes in the region. North America is projected to grow at a higher CAGR during the forecast period. Rapid economic development, the robust infrastructure development, along with the implementation of AI and automation in manufacturing industries are supporting the market growth in the region.

Various notable players operating in the global Industrial Gearbox market include Emerson Electric Co., Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd., Watt Drive Weg Group, Dana Motion Systems Italia S.r.l., Walterscheid Powertrain Group, ABB Ltd., Altra Industrial Motion Corp., and Bondioli & Pavesi India Pvt. Ltd., among other companies. 

Key Developments:

• • In 2020, Triton Construction got a contract for building a testing facility in Huddersfield for a West Yorkshire based gear manufacturer, David Brown Santasalo. This facility is built for testing new and refurbished gearboxes and Triton is installing special measures for anti-vibration and sound proofing. This is expected to strengthen the production facility of David Brown Santasalo.
  • In 2019, Premium Transmission, one of the leading players in the industrial gearboxes, geared motors and fluid coupling segment, launched seven products in the industrial gear segment. The new products include Smart Modular Helical Gearbox, Gearless Lift Machine, Geared Lift machine, Small Planetary Gearbox, Modular Fluid Coupling, 4 feet cooling tower Gearbox, and Inline Geared Motor. These products are highly efficient and will cater to industries varying from oil & gas, steel, cement, food and beverages, power, material handling to textile, elevators. This is expected to enhance the product portfolio of the company.
  • In 2019, Auto component manufacturer, ZF Friedrichshafen AG launched the EcoLife 2 transmission system for city and intercity buses. This new gearbox is capable of offering torque up to 2,000 Nm. Additionally, it is lightweight, efficient, robust and easier to maintain as well. This is expected to enhance the product portfolio of the company in the gearbox segment.

The global Industrial Gearbox market has been segmented on the type, design, industry, and region. On the basis of insulation, the market is segmented into gas insulated and air insulated. Based on the type, the market is segmented into helical, planetary, bevel, spur, worm, and others. Based on the design, the market is segmented into parallel, angled, and others. Based on the industry, the market is segmented into wind power, cement & aggregate, chemicals, rubber & plastic, construction, food & beverage, agriculture, automotive, and others.

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Key questions answered in this research report:

• • At what pace is global Industrial Gearbox market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Industrial Gearbox market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Industrial Gearbox market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various designs of global Industrial Gearbox market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Industrial Gearbox Market by Type

• • Helical Industrial Gearbox
  • Planetary Industrial Gearbox
  • Bevel Industrial Gearbox
  • Spur Industrial Gearbox
  • Worm Industrial Gearbox
  • Others

Global Industrial Gearbox Market by Design

• • Parallel Axis
  • Angles Axis
  • Others

Global Industrial Gearbox Market by Industry

• • Wind Power
  • Cement & Aggregate
  • Chemicals, Rubber & Plastic
  • Construction
  • Food & Beverage
  • Agriculture
  • Automotive
  • Others

Global Industrial Gearbox Market by Region

• • North America Industrial Gearbox Market (Option 1: As a part of the free 25% customization)
    • North America Industrial Gearbox Market by Type
    • North America Industrial Gearbox Market by Design
    • North America Industrial Gearbox Market by Industry
    • US Industrial Gearbox Market All-Up
    • Canada Industrial Gearbox Market All-Up
  • Europe Industrial Gearbox Market (Option 2: As a part of the free 25% customization)
    • Europe Industrial Gearbox Market by Type
    • Europe Industrial Gearbox Market by Design
    • Europe Industrial Gearbox Market by Industry
    • UK Industrial Gearbox Market All-Up
    • Germany Industrial Gearbox Market All-Up
    • France Industrial Gearbox Market All-Up
    • Spain Industrial Gearbox Market All-Up
    • Rest of Europe Industrial Gearbox Market All-Up
  • Asia-Pacific Industrial Gearbox Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Industrial Gearbox Market by Type
    • Asia-Pacific Industrial Gearbox Market by Design
    • Asia-Pacific Industrial Gearbox Market by Industry
    • China Industrial Gearbox Market All-Up
    • India Industrial Gearbox Market All-Up
    • Japan Industrial Gearbox Market All-Up
    • Rest of APAC Industrial Gearbox Market All-Up
  • RoW Industrial Gearbox Market (Option 4: As a part of the free 25% customization)
    • RoW Industrial Gearbox Market by Type
    • RoW Industrial Gearbox Market by Design
    • RoW Industrial Gearbox Market by Industry
    • Brazil Industrial Gearbox Market All-Up
    • South Africa Industrial Gearbox Market All-Up
    • Saudi Arabia Industrial Gearbox Market All-Up
    • UAE Industrial Gearbox Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Industrial Gearbox Market All-Up

Global Industrial Gearbox Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Emerson Electric Co.
  • Johnson Electric Holdings Limited
  • Siemens AG
  • Sumitomo Heavy Industries Ltd.
  • Watt Drive Weg Group
  • Dana Motion Systems Italia S.r.l.
  • Walterscheid Powertrain Group
  • ABB Ltd.
  • Altra Industrial Motion Corp. 
  • Bondioli & Pavesi India Pvt. Ltd.