Precision Gearbox Market Size By Product (Parallel, Right Angle, Planetary), By Application (Military & Aerospace, Food Beverage & Tobacco, Machine Tools, Material Handling, Packaging, Robotics, Medical), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Oct 2019  |  Report ID: GMI255  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 115   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Precision Gearbox Market size was worth over USD 2.2 billion in 2018 and is estimated to exhibit over 4.5% CAGR from 2019 to 2026.
 

Precision Gearbox Market

Get more details on this report - Request Free Sample PDF
 

Precision gearbox is a mechanical device that is used to increase or decrease torque by altering speed under precise limits. These gearboxes comprise of two or more gears, where one of the gears on input shaft is driven by motor, which drives the layshaft in order to rotate gears on the main shaft for its functioning. The gears in precision gearbox follow a gear ratio which is directly proportional to the output torque. In addition to this, these gearboxes deliver high tolerance when compared to standard gearboxes making it more efficient and reliable for several applications. Moreover, precision gearboxes also reduce the reflected inertia by the square of reduction ratio, which increases its usage for servo applications that includes precise machining and material handling. Precision gearbox generally, uses parallel, right angle and planetary combination of gears for operation that find wide application in robotics, packaging, and other end-use sectors.
 

Precision Gearbox Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 2.21 Billion
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 4.5% 2026 Value Projection: USD 3.17 Billion
Pages: 115 Tables, Charts & Figures: 103
Geographies covered (18): U.S., Canada, Germany, UK, France, Russia, China, India, Japan, South Korea, Mexico, Brazil
Segments covered: Product, Application
Companies covered (12): ABB Ltd, Bonfiglioli, Emerson, Rexnord, SEW Eurodrive, Siemens, Brevini Power Transmission, Cone Drive Operations, Curtis Machine Company, David Brown Engineering, Horsburgh & Scott, Oerlikon Graziano Drive Systems
Growth Drivers:
  • Rising automation demand across a range of applications
  • Increasing use of precision gearboxes in robotics
Pitfalls & Challenges:
  • Growing adoption of direct drive mechanism

Request 15% Free Customization on this Report
 

Advancements in gearbox technology to play key role

Precision gearbox market is mainly driven by technological advancements in the sector in order to improve energy efficiency and reliability in its operation. Growing automation in the manufacturing sector in order to improve production and reduce faults & delay in the process will surge precision gearboxes uses for various applications that includes assembly lines, bottling, packaging, controlling the conveyor belts, and accurately positioning the items in a production or assembly line. Moreover, precision gearboxes also offer higher torque, smooth running, maintenance-free construction, high load capacity, and compact design, which further increases its usage in robotics and medical based applications, requiring high precision movements for its operations.
 

Presence of various substitutes including direct drive systems and speed reducers may restrict precision gearbox market growth over coming years. This is because products such as direct drive systems reduce the usage of gears, which not only reduces the product weight and complexity of the system, but also increases the efficiency with minimum energy losses. Additionally, shift from coil-driven gearboxes to magnet driven products has decreased the overall cost of these drives over the recent years.
 

Planetary precision gearbox a popular choice due to higher accuracy and reliability

Planetary Vs Right Angle Vs Parallel Precision Gearbox, 2018 (USD Billion)
Planetary Vs Right Angle Vs Parallel Precision Gearbox, 2018 (USD Billion)

Get more details on this report - Request Free Sample PDF
 

The three key product types include planetary, right-angled, and parallel precision gearboxes. Planetary precision gearboxes account for close to three quarter share in the precision gearbox market, as they offer high accuracy and reliability for various applications. Moreover, these gearboxes have very low backlash ratings i.e., 1-9 arc-min with service life of over 20,000 hours with least maintenance. Thus, low backlash, high efficiency, high power density, and quiet operation of planetary precision gearboxes is likely drive its growth in the coming years.
 

Right angle precision gearboxes have gained popularity over the recent years owing to its angular alignment between output shaft and the drive. Great flexibility and compact design of these gearboxes increase their usage for applications that operates under limited spaces. Thus, right angle precision gearboxes are likely to illustrate growth opportunities in upgradation of the existing facilities or new manufacturing bases.
 

Robotics and automation help implementation in developing countries

Robotics industry to be the dominant application sector
Robotics industry to be the dominant application sector

Get more details on this report - Request Free Sample PDF
 

Precision gearbox market is classified into various applications, including military & aerospace, food, beverage & tobacco, machine tools, materials handling, packaging, robotics, medical, etc. Robotics sector is the largest user of precision gearboxes that nearly accounts for a third of the overall revenue in the market, and is likely to increase with a significant rate over the near-term. This is due to the increasing use of artificial joints and limbs of humanoid as well as manufacturing robots, that use precision gearboxes in order to balance and achieve extremely precise movements for various services and industrial operations.
 

Expanding manufacturing industry in Asia-Pacific

Asia Pacific dominates the precision gearbox market as it accounts for nearly half the overall market by revenue. Growth of manufacturing sector and advent of automation in China, Japan, South Korea, and India are key factors affecting the expansion. These manufacturing facilities employ precision gearboxes in various applications such as robotic welding machines, machine tools, material handling equipment, etc. This not only minimizes the operational costs, but also increases the operational accuracy. Rising investment in the regional manufacturing sector will be key factor influencing the demand. For instance, China based gadget manufacturer, Vivo has recently announced an investment of more than one billion USD for its production facilities in India in the near future.
 

Dominant players hold significant share

Dominant players such as Siemens, SEW Eurodrive, and Brevini enjoy well established brand identities and great control over the business. Other than the market leaders, precision gearbox market share is significantly fragmented as local manufacturers hold a significant share in various regions by offering cost advantages to consumers against well established companies. These local manufacturers compete to offer unique selling propositions by constantly investing in product development to improve its characteristics.
 

Increasing requirements for tailored versions of gear will further increase the use of precision gearbox in the near future. Moreover, modelling has also enabled many manufactures to design and produce small quantities of custom products at a lower cost.
 

Precision gearbox market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion from 2016 to 2026, for the following segments:

Market By Product

  • Parallel
  • Right Angle
  • Planetary

Analysis By Application

  • Military & aerospace
  • Food, beverage & tobacco
  • Machine tools
  • materials handling
  • Packaging
  • Robotics
  • Medical

The above information is provided on a regional basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
     

Frequently Asked Questions (FAQ) :

Precision gearbox is a mechanical device that is used to increase or decrease torque by altering speed under precise limits and comprises of two or more gears, where one of the gears on input shaft is driven by motor, which drives the layshaft in order to rotate gears on the main shaft for its functioning.
According to this report, the precision gearbox industry is mainly driven by technological advancements in order to improve energy efficiency and reliability in its operation along with growing automation in the manufacturing sector to improve production and reduce faults & delay.
According to a report by GMI, Asia Pacific dominated the market as it accounted for nearly 50% of the overall revenue share in 2018. Growth of manufacturing sector and advent of automation in China, Japan, South Korea, and India are key factors affecting the expansion.
Report estimates that the industry size exceeded USD 2.2 billion, globally in 2018 and is estimated to grow at over 4.5% CAGR up to 2026.

Buy Now

Single User: $5,150 Access to only 1 person; cannot be shared; cannot be printed
Multi User: $7,150 Access for 2 to 5 users only within same department of one company
Enterprise User: $9,150 Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Why Global Market Insights, Inc.?

Reliability & accuracy

  • GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.

Quality & trust


  • BBB Rating - Click to Verify

Customer service

  • Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.

Security & compliance

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X