About Engineered Gearbox and Drives
Engineered gearbox and drives are customized/tailor made as per end-user requirements and specifications. They are either manufactured by modifying the components of standard off-the-shelf gearbox and drives or designed and built from scratch.
Technavio’s analysts forecast the global engineered gearbox and drives market to grow at a CAGR of 4.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global engineered gearbox and drives market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of engineered gearbox and drives.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Engineered Gearbox and Drives Market 2017-2021
Technavio recognizes the following companies as the key players in the global engineered gearbox and drives market: Bonfiglioli, David Brown Gear Systems, Renold, Rexnord, Sumitomo Drive Technologies, and Timken.
Other Prominent Vendors in the market are: ABB, AOKMAN, Befared, Cat, Cone Drive, Emerson Electric, Esenpro, GearTec, Hansen, Horsburgh & Scott, IGW, Involute, Klingelnberg, Kumera, Rossi, Rotork, SEW-EURODRIVE, Shackleton Engineering, Sherbrooke Gear Works, Siemens, STOBER, SureGear, TECO-Westinghouse, Turner Uni-drive, Watt Drive-WEG Group, and WIKOV.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is use of 3D printing for engineered gearbox and drives component manufacture. Additive manufacturing, also known as 3D printing is a rapid and cost-efficient manufacturing process that enables the creation of accurate 3D objects by processing data from a digital file. After the specified dimensions of the object are recorded in the digital file, the digital printer lays down successive layers of materials such as plastic and metal and builds the object. The level of precision and accuracy achieved by 3D printing is beneficial in building engineered/customized gearbox and drives, which have highly complex designs and requirements.”
According to the report, one of the major drivers for this market is increased demand for engineered solutions in power industry. The power industry operates in a rugged environment, which requires continuous and uninterrupted functioning of components such as turbines and fans that are driven by industrial gearbox and drives. We observe that the estimated operational life of a gearbox and drive used in the power industry usually does not extend beyond seven years due to high environmental stress and loading.
Further, the report states that one of the major factors hindering the growth of this market is continued use of standard off-the-shelf gearbox and drives. Customized gearbox solutions are in demand due to several factors like nature of plant design, capacity, machinery functionality, and individual end-user requirements; however, off-the-shelf gearbox and drives continue to dominate the market.
Bonfiglioli, David Brown Gear Systems, Renold, Rexnord, Sumitomo Drive Technologies, Timken, ABB, AOKMAN, Befared, Cat, Cone Drive, Emerson Electric, Esenpro, GearTec, Hansen, Horsburgh & Scott, IGW, Involute, Klingelnberg, Kumera, Rossi, Rotork, SEW-EURODRIVE, Shackleton Engineering, Sherbrooke Gear Works, Siemens, STOBER, SureGear, TECO-Westinghouse, Turner Uni-drive, Watt Drive-WEG Group, WIKOV.