WASHINGTON, May 29, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Industrial Gearbox Market finds that the increasing demand for industrial automation is expediting market growth. Primarily driven by growing demand for energy efficient gear boxes, the total Global Industrial Gearbox Market is estimated to reach USD 33.7 Billion by the year 2028.
The Global Market revenue value stood at USD 26.5 Billion in the year 2021 and is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 4.1%.
Furthermore, the growing energy demand and governmental initiatives are also anticipated to augment the growth of the Global Industrial Gearbox Market, states Vantage Market Research, in a report, titled “Industrial Gearbox Market Size, Share & Trends Analysis Report by Type (Planetary, Helical, Bevel, Spur), by Design (Parallel Axis, Angular Axis, Others), by Industry (Wind Power, Cement & Aggregates, Chemical, Rubber & Plastics), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
Please Check Out Our Free Sample Reports and Make a More Informed Decision:
Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/industrial-gearbox-market-1570/request-sample
(Sample reports are a great way to test our in-depth reports or study before you make a purchase)
- The newly updated, 140+ page reports provide an in-depth analysis of the COVID-19 virus and pandemic.
- Using industry data and interview with experts, you can learn about topics such as regional impact analysis, global forecast, competitive landscape analysis, size & share of regional markets.
- We offer these reports in PDF format so you can read them on your computer and print them out.
- Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter's 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
- The report also presents the country-wise and region-wise analysis of the Vantage Market Research and includes a detailed analysis of the key factors affecting the growth of the market.
- Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.
Market Dynamics:
Increasing Demand for Industrial Automation to Drive the Market Growth
The increasing demand for industrial automation is anticipated to augment the growth of the Industrial Gearbox Market within the estimated period. The rapid modernization of manufacturing infrastructure, combined with increased energy demand in emerging nations, will drive gearbox use worldwide. Material handling equipment, conveyors, crushers, cranes, and cooling towers all employ them. Several gears are utilised in the manufacturing business during the production process. They're used in a variety of raw material rolling, processing, and refinement applications. Band saws and driving rollers, bending presses, and tube bending machines are examples. The US Department of Energy (DoE) stated in February 2020 that it would invest USD 74 million in 63 projects across the country to test, study, and create flexible and energy-efficient technology. Furthermore, the government organisation expressed its enthusiasm for improving the energy flexibility and efficiency of commercial and residential structures in the United States. During the projected period, this factor is expected to fuel the global market.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Industrial Gearbox market is predicted to grow at a CAGR of roughly 4.1% during the forecast period.
- The Industrial Gearbox market was estimated to be worth roughly USD 26.5 Billion in 2021 and is expected to reach USD 33.7 Billion by 2028; based on primary research.
- On the basis of region, Asia Pacific is projected to dominate the worldwide Industrial Gearbox market.
Purchase This Premium Report Now @ https://www.vantagemarketresearch.com/buy-now/industrial-gearbox-market-1570/0
Benefits of Purchasing Industrial Gearbox Market Reports:
- Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
- Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
- Assured Quality: Focuses on accuracy and quality of reports.
- Incomparable Skills: Analysts provide in-depth insights into reports.
Segmentation of the Global Industrial Gearbox Market:
- Type
- Planetary
- Helical
- Bevel
- Spur
- Worm
- Other
- Design
- Parallel Axis
- Angular Axis
- Others
- Industry
- Wind Power
- Cement & Aggregates
- Chemical
- Rubber & Plastics
- Construction
- Food & Beverage
- Marine
- Material Handling
- Metals & Mining Power Generation
- Recreational Vehicle
- Transportation Industry
- Agriculture
- Automotive
- Others
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/industrial-gearbox-market-1570
Growing Demand for Energy Efficient Gearboxes to Stimulate Market Growth
The increasing demand for energy efficient gear boxes such as helical gearboxes from various end use industries is anticipated to augment the growth of the Industrial Gearbox Market in the years to come. After planetary gearboxes, helical gearboxes are the most efficient gearboxes in the business, working at 98% efficiency. Helical gearboxes are used in key industries such as fertiliser, automobile, steel, rolling mills, power, and port industries, as well as manufacturing sectors such as textile, plastics, and food, owing to their high proficiency, ability and thrust generating capabilities. Helical gearboxes are utilised in vehicle transmissions for medium and heavy-duty industrial applications because they can handle high speeds and loads. Many engineering and performance benefits come from the modular design and construction, including a high degree of interchangeability of parts and sub-assemblies. As a result, significant cost savings are achieved while retaining the greatest level of component integrity.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the energy & power industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert@ https://www.vantagemarketresearch.com/industrial-gearbox-market-1570/inquiry-before-buying
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
The report on Industrial Gearbox Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
Asia Pacific to Witness Fastest Growth in the Global Industrial Gearbox Market
Asia Pacific is expected to grow at a fastest Compound Annual Growth Rate (CAGR) during the forecast period and is likely to continue the same trend. This is attributable to the rising demand for gearboxes in various applications like manufacturing sector, power industry, etc. in economies such as India and China in the region. Furthermore, increasing growth of the manufacturing sector is also likely to support the growth of the market. Additionally, the growing energy demand and governmental initiatives are also expected to support the regional growth of the market in near future.
List of Prominent Players in Industrial Gearbox Market:
- Siemens AG (Germany)
- Bonfiglioli Italia S.P.A. (Italy)
- Bondioli & Pavesi (Italy)
- Sew-Eurodrive (Germany)
- Dana Brevini (Italy)
- Johnson Electric Holdings limited (Hong Kong)
- Bauer Gear GmbH (Germany)
- Sumitomo Heavy Industries Ltd. (Japan)
Browse market data Tables and Figures spread through 143 Pages and in-depth TOC on "Industrial Gearbox Market Size, Share & Trends Analysis Report by Type (Planetary, Helical, Bevel, Spur), by Design (Parallel Axis, Angular Axis, Others), by Industry (Wind Power, Cement & Aggregates, Chemical, Rubber & Plastics), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/industrial-gearbox-market-138014
Recent Developments:
August, 2019: Premium Transmission launched seven clutter-breaking products in the industrial gear segment. New launches include PCX-SERIES Cooling Tower Gearbox, Small Planetary Gearbox, Smart Modular Series- Helical Gearbox, Inline Geared Motor, Geared Lift Machine, Gearless Lift Machine and Modular Fluid Coupling. These technologically advanced products are highly efficient and will cater to industries varying from oil & gas, steel, cement, food and beverages, power, material handling to textile, elevators etc.
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Industrial Gearbox Market?
- How will the Industrial Gearbox Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Industrial Gearbox Market?
- What is the Industrial Gearbox market drivers and restrictions?
- What will be the CAGR and size of the Industrial Gearbox Market throughout the forecast period?
This market titled “Industrial Gearbox Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered |
|
| Region & Counties Covered |
|
| Companies Covered |
|
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Download Free Sample Report Now @ https://www.vantagemarketresearch.com/industrial-gearbox-market-1570/request-sample
Browse More Related Report:
- Wearable Robots Market:- https://www.vantagemarketresearch.com/industry-report/wearable-robots-market-1193
- Submersible Pump Market:- https://www.vantagemarketresearch.com/industry-report/submersible-pump-market-1076
- Manual Pruning Shears Market:- https://www.vantagemarketresearch.com/industry-report/manual-pruning-shears-market-0927
- Sewage Pumps Market:- https://www.vantagemarketresearch.com/industry-report/sewage-pumps-market-0908
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
Blog:
- https://bwsc.kr/
- https://makitirapide.com/
- https://marketstrades.com/
- https://v-mr.biz/
- https://techwire24.com/
- https://eurooo.fr/
- http://basital.de/
- https://emarketbee.com/
- https://globalresearchwire.com/
