Global Precision Gearbox Market 2017-2021
About Precision Gearbox
Precision gearboxes are designed and produced carefully to exhibit high tolerance, enabling them to offer power densities and efficiency of 90% and more. Currently, there are several types of gearboxes available in the market, and hence it is important to match the right kind of gearbox with the drive, motor, and load. Machines having a combination of drives and motors, also known as servosystems, critically need a gearbox that enables an efficient repeatable motion. Precision gearbox, especially, planetary gearbox, fits the bill for every servo application. High-precision helical planetary gearboxes most suitable for applications that require high levels of accuracy and reliability. Backlash ratings for planetary gearboxes are low (ranges from one to nine arc-min). These systems offer a service life of over 20,000 hours when sized precisely without the need for any maintenance. Compared with other competitive products, helical planetary gears offer greater efficiency and quieter operation.
Technavio’s analysts forecast the global precision gearbox market to grow at a CAGR of 5.39% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global precision gearbox market for 2017-2021. To calculate the market size, the report considers the new installations by value and replacement market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Precision Gearbox Market 2017-2021
Technavio recognizes the following companies as the key players in the global precision gearbox market: BONFIGLIOLI RIDUTTORI, Dana Brevini Power – Transmission, Güdel, SEW-EURODRIVE, and Siemens
Other Prominent Vendors in the market are: ABB, Anaheim Automation, CGI, Cone Drive Engineering, Curtis Machine Company, David Brown Santasalo, Emerson, HORSBURGH & SCOTT, MS-Graessner, Melior Motion, Neugart, Oerlikon Graziano, PARKER HANNIFIN, Rexnord, and Varitron Engineering (Taiwan).
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is 3D printing of gears. The manufacturing industry has seen a revolutionary technology, namely 3D printing. 3D printing is also known as additive manufacturing. It uses a digital file to create 3D objects and builds the product in thin layers one-by-one. 3D printing helps produce complex shapes that are not possible to create using traditional manufacturing techniques. It helps optimize the use of material, thereby minimizing wastage. Traditional techniques are subtractive in nature, wherein the manufacturing involves the elimination of excess material. Hence, more than half of the material that ends up as scrap is later melted and reused, which adds up to the cost.”
According to the report, one of the major drivers for this market is Automation as a core growth driver. One of the major benefits of process automation is increased productivity, which, in turn, drives market growth for most businesses. This results in increased profits, and helps businesses become more focused on loss control and resource regulation. Regardless of the end consequence, improving the overall efficiency of the process is beneficial for all enterprises. Automation in the production or fabrication of products helps companies gain competitive advantage; they can reduce labor costs and increase productivity. However, it is expensive to employ automated systems and equipment.
Further, the report states that one of the major factors hindering the growth of this market is Enhanced precision. Direct drive machines are free from mechanical vibrations as each unit operates autonomously. Mechanical transmissions lead to several micro-movements of machine parts, affecting the overall job-quality of the machine. With the introduction of servo motors and its electronic transmission mechanism, mechanical backlash is reduced greatly, resulting in a much more precise machinery. Moreover, when the operator needs to make changes to the position of the machinery and its corresponding parts, the axis motion is effective enough to offer a quick start-up time as well as ensure high-quality end products.
BONFIGLIOLI RIDUTTORI, Dana Brevini Power – Transmission, Güdel, SEW-EURODRIVE, Siemens, ABB, Anaheim Automation, CGI, Cone Drive Engineering, Curtis Machine Company, David Brown Santasalo, Emerson, HORSBURGH & SCOTT, MS-Graessner, Melior Motion, Neugart, Oerlikon Graziano, PARKER HANNIFIN, Rexnord, and Varitron Engineering (Taiwan).