Industrial Planetary Gearbox Market: 5.38% Y-O-Y Growth Rate in 2021 | By End-user (discrete industry and process industry) and Geography - Global Forecast to 2025
NEW YORK, May 3, 2022 /PRNewswire/ -- The Y-O-Y growth rate of Industrial Planetary Gearbox Market was estimated to be 5.38% in 2021, according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
Industrial Planetary Gearbox Market Facts at a Glance-
- Total Pages: 120
- Companies: 10+ – Including Altra Industrial Motion Corp., Bonfiglioli Riduttori SpA, Dana Inc., Delta Electronics Inc., FLSmidth & Co. A/S, Kumera Corp., Nidec Corp., SEW-EURODRIVE GmbH & Co KG, Siemens AG, and Sumitomo Heavy Industries Ltd. among others
- Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
- Segments: End-user (discrete industry and process industry)
- Geographies: APAC (China, India, and Japan), Europe (Germany), North America (US), MEA, and South America
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Vendor Insights-
The industrial planetary gearbox market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- Altra Industrial Motion Corp.- The company offers a wide range of planetary gearbox such as PL2 SeriesInline, PR2 SeriesRight Angle, PL6 SeriesInline among others.
- Bonfiglioli Riduttori SpA- The company offers a compact and powerful industrial planetary gearbox such as 300 Series mobile.
- Dana Inc.- The company offers a wide range of industrial planetary gearbox such as E-series gearbox and industrial series gearbox.
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Regional Market Outlook
52% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the industrial planetary gearbox market in APAC. Market growth in this region will be faster than the growth of the market in the European, North American, and MEA regions.
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Latest Drivers & Trends of the Market-
- Industrial Planetary Gearbox Market Driver:
- Rising demand for planetary gearbox from the automotive industry:
Planetary gearboxes find extensive application in transmission and differential systems as they can deliver higher power, durability, high torque-to-weight ratios, and configuration flexibility in the automotive powertrain. The low penetration of cars in emerging economies has provided high opportunities for automotive OEMs to capture markets in these countries. The suppliers of planetary gearboxes are focused on increasing their production to meet the rising demand from the automotive industry in developing countries.
- Industrial Planetary Gearbox Market Trend:
- Increasing use of planetary gearbox in the robotics industry:
Planetary gearboxes are being used in the robotics industry, owing to their inherent advantages in high-speed and repetitive tasks. The rising labor costs, the decline in the working-age population, and increasing investments in the manufacturing sector require industrial operators to reduce their operating expenditure. The rapid industrial growth in APAC and the growing adoption of automation technologies will play a major role in the growth of the industrial robots market.
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Industrial Planetary Gearbox Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Decelerate at a CAGR of 4.86% |
Market growth 2021-2025 | $ 865.99 million |
Market structure | Fragmented |
YoY growth (%) | 5.38 |
Regional analysis | APAC, Europe, North America, MEA, and South America |
Performing market contribution | APAC at 52% |
Key consumer countries | China, US, Japan, Germany, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Altra Industrial Motion Corp., Bonfiglioli Riduttori SpA, Dana Inc., Delta Electronics Inc., FLSmidth & Co. A/S, Kumera Corp., Nidec Corp., SEW-EURODRIVE GmbH & Co KG, Siemens AG, and Sumitomo Heavy Industries Ltd. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Discrete industry - Market size and forecast 2020-2025
- Process industry - Market size and forecast 2020-2025
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Altra Industrial Motion Corp.
- Bonfiglioli Riduttori SpA
- Dana Inc.
- Delta Electronics Inc.
- FLSmidth & Co. A/S
- Kumera Corp.
- Nidec Corp.
- SEW-EURODRIVE GmbH & Co KG
- Siemens AG
- Sumitomo Heavy Industries Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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