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Global Industrial Gearbox Market 2018-2022

Global Industrial Gearbox Market 2018-2022

About Industrial Gearbox

Mechanical gearboxes that are used in industrial sectors for functions such as transmitting power between machinery, automation systems, and process units are known as industrial gearboxes.

Technavio’s analysts forecast the global industrial gearbox market to grow at a CAGR of 3.81% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial gearbox market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Gearbox Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • BONFIGLIOLI RIDUTTORI
  • China High Speed Transmission Equipment Group
  • Siemens
  • Sumitomo Heavy Industries
Market driver
  • Adoption of industrial automation
  • For a full, detailed list, view our report
Market challenge
  • Growing competition from direct drive systems
  • For a full, detailed list, view our report
Market trend
  • Decline in cost of gearboxes used in wind power generation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Gearbox Market 2018-2022

Technavio recognizes the following companies as the key players in the global industrial gearbox market: ABB, BONFIGLIOLI RIDUTTORI, China High Speed Transmission Equipment Group, Siemens, and Sumitomo Heavy Industries.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is decline in cost of gearboxes used in wind power generation. The growth in wind power generation capacity over the past few decades has been augmented by the decline in the cost of the components used in wind turbines, including the cost of gearboxes. The cost of wind turbine gearboxes has declined considerably over the years due to enhancements in designs, optimization in raw material sourcing and supply chain, entry of new players into the market leading to enhanced competition, and larger economies of scale due to increased demand for gearboxes.”

According to the report, one driver in the market is adoption of industrial automation. The growth in technology over the past few decades is driving advances in automation, prompting the adoption of robots and industrial automation. The use of automation across all industrial sectors globally is increasing. The rate of adoption of automation is especially high in the manufacturing sector, which is expected to become a driving force for the industrial gearbox market during the forecast period.

Further, the report states that one challenge in the market is growing competition from direct drive systems. Direct drive systems have emerged as an ideal replacement for geared drive systems in various end-use applications over the past decade. The characteristics of direct drive systems make them less complex in design and easier to operate and maintain, which is a major factor driving the adoption of these systems in heavy-duty applications such as wind power generation and industrial automation.

Companies Mentioned

ABB

BONFIGLIOLI RIDUTTORI

China High Speed Transmission Equipment Group

Siemens

Sumitomo Heavy Industries

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global industrial mechanical power transmission equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global industrial gearbox - Market size and forecast 2017-2022 ($ bn)
      • Table Global industrial gearbox - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Standard gearbox - Market size and forecast 2017-2022
      • Table Standard gearbox - Market size and forecast 2017-2022 ($ bn)
      • Table Standard gearbox - Year-over-year growth 2018-2022 (%)
    • Precision gearbox - Market size and forecast 2017-2022
      • Table Precision gearbox - Market size and forecast 2017-2022 ($ bn)
      • Table Precision gearbox - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Power generation - Market size and forecast 2017-2022
      • Table Power generation - Market size and forecast 2017-2022 ($ bn)
      • Table Global historical and projected electricity generation 1990-2040 (trillion kWh)
      • Table Power generation - Year-over-year growth 2018-2022 (%)
    • Oil and gas - Market size and forecast 2017-2022
      • Table Oil and gas - Market size and forecast 2017-2022 ($ bn)
      • Table Region-wise rig count 2016-2017 (number of active rigs)
      • Table Oil and gas - Year-over-year growth 2018-2022 (%)
    • General machinery - Market size and forecast 2017-2022
      • Table General machinery - Market size and forecast 2017-2022 ($ bn)
      • Table General machinery - Year over year growth 2018-2022 (%)
      • Table Global automobile production statistics and forecast 2012-2021 (units, in millions)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ bn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global industrial gearbox - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ bn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global electricity generation by region 2010-2016 (TWh)
      • Table Global renewable energy capacity growth 1994-2022 (GW)
    • Market challenges
      • Table Factors affecting the slowdown in China
      • Table Export growth YoY in China as share of GDP 2010-2016 (%)
      • Table Cumulative growth in steel prices June 2016-March 2017 (% increase)
  • Market trends
    • Decline in cost of gearboxes used in wind power generation
    • Growing repair and remanufacture market for gearboxes used in high-performance applications
    • Use of additive manufacturing in gear and gearing component production
    • Integration of sensors and IIoT in gearboxes
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB - Vendor overview
      • Table ABB - Business divisions
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • BONFIGLIOLI RIDUTTORI
      • Table BONFIGLIOLI RIDUTTORI - Vendor overview
      • Table BONFIGLIOLI RIDUTTORI - Business divisions
      • Table BONFIGLIOLI RIDUTTORI- Organizational developments
      • Table BONFIGLIOLI RIDUTTORI- Geographic focus
      • Table BONFIGLIOLI RIDUTTORI- Segment focus
      • Table BONFIGLIOLI RIDUTTORI - Key offerings
    • China High Speed Transmission Equipment Group
      • Table China High Speed Transmission Equipment Group - Vendor overview
      • Table China High Speed Transmission Equipment Group - Business divisions
      • Table China High Speed Transmission Equipment Group - Organizational developments
      • Table China High Speed Transmission Equipment Group - Geographic focus
      • Table China High Speed Transmission Equipment Group - Segment focus
      • Table China High Speed Transmission Equipment Group - Key offerings
    • Siemens
      • Table Siemens - Vendor overview
      • Table Siemens - Business divisions
      • Table Siemens- Organizational developments
      • Table Siemens- Geographic focus
      • Table Siemens- Segment focus
      • Table Siemens - Key offerings
    • Sumitomo Heavy Industries
      • Table Sumitomo Heavy Industries - Vendor overview
      • Table Sumitomo Heavy Industries - Business divisions
      • Table Sumitomo Heavy Industries - Organizational developments
      • Table Sumitomo Heavy Industries - Geographic focus
      • Table Sumitomo Heavy Industries - Segment focus
      • Table Sumitomo Heavy Industries - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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