Industrial Gearbox Global Market Report 2023: High Potential for Gearboxes in Renewable Energies and Mining

DUBLIN, June 15, 2023 /PRNewswire/ -- The "Industrial Gearbox - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Industrial Gearbox Market to Reach $66.6 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Industrial Gearbox estimated at US$46.6 Billion in the year 2022, is projected to reach a revised size of US$66.6 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030. Helical, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$24.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Planetary segment is readjusted to a revised 5.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $9.4 Billion, While China is Forecast to Grow at 6.1% CAGR

The Industrial Gearbox market in the U.S. is estimated at US$9.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.1 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12 Billion by the year 2030.

Select Competitors (Total 176 Featured)-

• Bosch Rexroth AG
• Dana, Inc.
• Altra Industrial Motion Corporation
• Bosch Group
• Bonfiglioli S. p. A
• Chiaravalli GroU.S.A
• Comer Industries SpA
• Auma Riester GmbH & Co. KG
• Bondioli & Pavesi SpA
• Elecon Engineering Co., Ltd.
• Andantex USA, Inc.
• ElectroCraft, Inc.
• China High Speed Transmission Equipment Group Co., Ltd.
• Flender GmbH
• Dana Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• Impact of Covid-19 and a Global Economic Update
• From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions
• Here's How Inflationary Pressures Affect the Economy
• Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
• Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
• Here's What's Causing Inflationary Pressures in the Global Market
• Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
• War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
• Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
• Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
• Impact of COVID-19 on Industrial Gearboxes Market
• Industrial Gearboxes: A Prelude
• Gearbox: Product Overview
• Working Mechanism of Gearboxes
• Types of Gearboxes
• Global Market Prospects and Outlook
• Helical Gearbox: The Largest Segment
• Parallel Axis Designs to Hold Major Share of Global Market
• Wind Power Segment to Make Significant Contribution
• Asia-Pacific: An Important Market
• Emerging Trends
• Market Outlook
• Market Challenges and Opportunities
• Resilient Outlook for the Manufacturing Industry Despite Slower Economic Environment to Sustain Growth in 2023
• Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2018 through 2022
• Competition
• Industrial Gearbox - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• WORLD BRANDS
• Recent Market Activity

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
• 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
• Rise in EVs to Hamper Demand for Gearbox
• Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018, 2020 and 2022
• Gearboxes for the Future Cars
• Dealing with Gearbox Tradeoffs
• Use of Gearboxes in Cooling Tower Applications
• Growth in Food Processing Sector to Drive Gains
• Increasing Demand for Processed Foods and Processing Machinery Spurs Growth in Gearbox Market - Global Sales of Processed Foods in US$ Billion for the Years 2014, 2016, 2018 and 2020
• Helical Bevel gearboxes Offer Promise over Worm Gearbox
• Advancement in Industrial Gearbox Technology
• Robotics Applications Drive the Industrial Gearbox Market
• Mining Industry and Gearboxes
• Typical Mining Operation Challenges
• Surplus Gear Reducers Boost the Mining Industry
• Innovations in Gearboxes to Propel Market Demand
• Smart Manufacturing-Key Driver of Global Industrial Gearboxes Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/8lrn3n

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets