Global Industrial Gearbox Market Set to Reach $66.6 Billion by 2030: Key Trends in Helical and Planetary Segments Unveiled – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Industrial Gearbox – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global industrial gearbox market, valued at $46.6 billion in 2022, is expected to grow to $66.6 billion by 2030, at a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2022 to 2030. The market analysis highlights several key trends and opportunities, including growth in the helical and planetary segments.

Market Trends and Opportunities

• Helical Segment Growth: The helical segment is expected to record a 4.7% CAGR, reaching $24.6 billion by 2030. Helical gears are known for their efficiency and reliability, making them a preferred choice in various industrial applications.
• Planetary Segment Expansion: The planetary segment is projected to grow at a CAGR of 5.3% over the next eight years. Planetary gearboxes offer high torque density and are suitable for applications that require precision and compact design.

Regional Insights

• U.S. Market: The industrial gearbox market in the U.S. is estimated at $9.4 billion in 2022.
• China’s Growth: China, the world’s second-largest economy, is forecast to reach a market size of $16.1 billion by 2030, with a CAGR of 6.1% during 2022-2030.
• Other Noteworthy Markets: Japan and Canada are expected to grow at 2.6% and 3%, respectively, over the same period. Germany, within Europe, is forecast to grow at approximately 3.6% CAGR.

Key Competitors

The industrial gearbox market is highly competitive, with 176 featured competitors. Some of the key players include:

• ABB Group
• Bauer Gear Motor GmbH
• Bondioli & Pavesi S.p.A.
• Bonfiglioli Italia S.p.A.
• China High-Speed Transmission Equipment Group Co., Ltd.
• Dana Brevini Power Transmission
• Elecon Engineering Company Limited
• Emerson Electric Company
• Esenpro Power Transmission Pvt Ltd.
• Flender International GmbH
• Getriebebau NORD GmbH & Co. KG
• Johnson Electric Holdings Limited
• Kngear
• Lenze SE
• Nidec Motor Corporation.
• Siemens AG
• Sumitomo Heavy Industries Gearbox Co., Ltd.
• The Timken Company
• ZOLLERN GmbH & Co. KG

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT KEY PLAYERS

3. MARKET TRENDS & DRIVERS

• Advances in Gearbox Designs Yield High-Performance and Durable Gearboxes
• Controlling Micropitting to Enhance Gearbox Performance
• Advances in Servo Motor Technology Spur Gearbox Innovations
• Steady Growth in Global Power Generation Activity Spurs Demand
• Opportunity Indicators
• Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
• Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
• Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
• Global Energy Mix: 1990 Vs 2020
• High potential for Gearboxes in Renewable Energies and Mining
• Rise in Investments in the Wind Power Sector Drive Gains
• Increase in Offshore Wind Installations Presents New Opportunities for Industrial Gearbox: Global Offshore Wind Net Capacity Additions (In GW) for The Years 2018-2022
• Global Investment Outlook (In US$ Billion) in Offshore Wind Energy by Select Country between 2019 and 2040
• Global Renewable Energy Breakdown by Type: 2010 Vs 2030
• Turbine Makers Switch to Single-Stage Gearboxes to Minimize Gearbox Failure Risk
• Wind Gearbox Suppliers Upgrade to Larger Units due to Higher Reliability
• Industry 4.0 Redefines Manufacturing, Increasing Automation in Manufacturing Sector Drives the Need for Industrial Gearboxes
• Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
• Rapid Adoption of Automation Technologies in Material Handling Processes Fuels Industrial Gearboxes Market Growth
• Construction Machinery: An Important Market for Industrial Gearboxes
• Gearboxes Used in Construction Equipment
• Recovery in Construction Sector to Catalyze Demand
• Global Construction Spending (in US$ Trillion) for the Years 2020-2028
• World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
• Mining Sector: Another Important Market for Industrial Gearbox
• Planetary Gearboxes with Roller Chains Present Compelling Motion Control Platform
• Mechanization of Agriculture Spurs Demand
• Opportunity Indicators
• Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land as a % of Total Land Area & Hectares Per Person for the Years 1990, 2000, 2018 and 2020
• Backed by Government Funding & Support, Automation in Agriculture Gains Ground: Percentage Share (%) of Government Expenditure on Agriculture in Total Budgets by Region for the Years 2010, 2015, 2019 and 2021
• Shrinking Labor for Agriculture Raises the Red Flag Spurring Agriculture on the Road to Automation: Percentage (%) of Agricultural Workers in the Global Workforce for the Years 1992, 2019 & 2022
• Recovery in Automotive Industry Post COVID-19 to Steer Demand
• Global Automotive Market Reset & Trajectory – Growth Outlook (In %) For Years 2019 Through 2025
• World Automobile Production in Million Units: 2008-2022
• Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
• Gearbox in Power Transmission in Automobiles
• Green House Gas (GHG) Benefits of Select Transmission Technologies
• Automotive Industry Moves to Higher-Speed Gearboxes for Efficient Power Transmission

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/bm4458

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