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Industrial Gearbox - Global Market Trajectory & Analytics

  • ID: 4805819
  • Report
  • September 2020
  • Region: Global
  • 713 pages
  • Global Industry Analysts, Inc
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The global market for Industrial Gearbox is projected to reach US$43. 6 billion by 2025, driven by increasing adoption of energy-efficient and high-performance gearboxes.

Mechanical power transmission is vital in powering industrial automation equipment. Gearboxes are used to increase torque while reducing speed and deliver power in various combinations of speed and torque. Several types of gearbox designs are popular i. e. helical gearbox; coaxial helical gearbox; bevel helical gearbox; worm reduction gearboxes; planetary gearbox. Bevel & helical type gearbox are preferred in the cement industry, while pinion & planetary gearboxes are preferred in the steel industry which uses heavy, hard wearing machines. The present day gearboxes are capable of processing electric motor power causing minimum mechanical losses through utilization of gear optimization micro-geometries, refined bearing arrangements, superior gear machining methods, as well as advanced lubrication. Such technological developments are widely accepted and vital for providing contemporary power drive solutions. Parallel to this, gearboxes` interfacing with digitized controls use a more refined range of self-diagnostic devices and sensors; enabling an amalgamation among mechanical, information, and electrical technologies. The market for industrial gearbox is driven by increasing adoption of automation across varied industries and applications. Industrial automation is the process of taking control of any equipment or machinery through technology, resulting in improved production output, thereby resulting in cutting down on manpower and labor expenses. This has encouraged companies to adopt AI and robots, so as to manage the manufacturing process. Robots and the automation equipment are being installed across several industries.

The integration of industrial gearboxes with the devices will make the automation process more reliable and efficient. While the need for upgrading the old infrastructure with newer technologies in order to efficiently serve the expanding market and to maintain competitive edge continue to fuel the demand for automation technologies, increased labor costs, the sheer shortage of skilled labor, and ageing workforce are consistently prioritizing the automation model in plants and factories. The use of automation helps in improving safety, efficiency and productivity. Automation in material handling also cuts down on operational costs by evading accidents, minimizing time and effort of day-to-day activities, and by eliminating redundancies. Gearboxes are finding increasing use in apron feeders, vibro feeders, paddle feeders, dribble feeders, rotary breakers, stacker belt drive, stacker travel drive, crushers, belt conveyors, reclaimers, etc.

Competitors identified in this market include, among others:
  • ABB Group
  • China High Speed Transmission Equipment Group
  • Emerson Electric Company
  • Johnson Electric Holdings Limited
  • Siemens AG
  • Sumitomo Heavy Industries Limited
  • Bondioli & Pavesi
  • Bonfiglioli Italia SPA
  • The Timken Company.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Gearbox Market to Register Steady Growth
  • Planetary Gearbox: The Largest Segment
  • Parallel Axis Designs to Hold Major Share of Global Market
  • Wind Power Segment to Make Significant Contribution
  • Asia-Pacific: An Important Industrial Gearboxes and Gear Motors Market
  • Global Competitor Market Shares
  • Industrial Gearbox Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Economic Scenario and Its Impact on Industrial Gearboxes Market
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Manufacturing PMI: An Important Bellwether
  • Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2012 through 2019
  • Competitive Scenario
  • Recent Market Activity
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ABB Group (Switzerland)
  • China High Speed Transmission Equipment Group (China
  • Elecon Engineering Company Limited (India)
  • Emerson Electric Company (USA)
  • Johnson Electric Holdings Limited (China)
  • Siemens AG (Germany)
  • Sumitomo Heavy Industries Limited (Japan)
  • Bondioli & Pavesi (Italy)
  • Bonfiglioli Italia SPA (Italy)
  • The Timken Company (USA)
3. MARKET TRENDS & DRIVERS
  • Advances in Gearbox Designs Yield High-Performance and Durable Gearboxes
  • Controlling Micropitting to Enhance Gearbox Performance
  • Advances in Servo Motor Technology Spur Gearbox Innovations
  • Steady Growth in Global Power Generation Activity Spurs Demand
  • Opportunity Indicators
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Rise in Investments in the Wind Power Sector Drive Gains
  • Global Wind Power Installed Capacity (In GW) for the Years 2015 -2022
  • Global Installed Wind Power Capacity (2018): Percentage Breakdown of Cumulative Installed Capacity by Geographic Region
  • Turbine Makers Switch to Single-Stage Gearboxes to Minimize Gearbox Failure Risk
  • Wind Gearbox Suppliers Upgrade to Larger Units due to Higher Reliability
  • Increasing Automation in Manufacturing Sector Drives the Need for Industrial Gearboxes
  • Top 10 Countries in Terms of Manufacturing Output: 2018
  • Rapid Adoption of Automation Technologies in Material Handling Processes Fuels Industrial Gearboxes Market Growth
  • Growth in the Construction Industry to Drive the Market for Industrial Gearboxes
  • Gearboxes Used in Construction Equipment
  • EXHIBIT 14: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
  • EXHIBIT 15: Projected Increase in Construction Investments Favors Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Construction Industry Worldwide: Percentage CAGR of Construction Output by Region for the Period 2013-2017 and 2018-2023
  • Healthy Construction Project Pipeline Value to Build Megacities Drives Importance of Industrial Gearboxes: Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Planetary Gearboxes with Roller Chains Present Compelling Motion Control Platform
  • Mechanization of Agriculture Spurs Demand
  • Opportunity Indicators
  • Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land as a % of Total Land Area & Hectares Per Person for the Years 1990, 2000, 2018 and 2020
  • Backed by Government Funding & Support, Automation in Agriculture Gains Ground: Percentage Share (%) of Government Expenditure on Agriculture in Total Budgets by Region for the Years 2010, 2015, 2019 and 2021
  • Shrinking Labor for Agriculture Raises the Red Flag Spurring Agriculture on the Road to Automation: Percentage (%) of Agricultural Workers in the Global Workforce for the Years 1992, 2019 & 2022
  • Automobiles Production Trends Support Demand
  • Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Gearbox in Power Transmission in Automobiles
  • Green House Gas (GHG) Benefits of Select Transmission Technologies
  • Automotive Industry Moves to Higher-Speed Gearboxes for Efficient Power Transmission
  • Rise in EVs to Hamper Demand for Gearbox
  • Dealing with Gearbox Tradeoffs
  • Use of Gearboxes in Cooling Tower Applications
  • Growth in Food Processing Sector to Drive Gains
  • Increasing Demand for Processed Foods and Processing Machinery Spurs Growth in Gearbox Market - Global Sales of Processed Foods in US$ Billion for the Years 2014, 2016, 2018 and 2020
  • Helical Bevel gearboxes Offer Promise over Worm Gearbox
  • PRODUCT OVERVIEW
  • Gearbox
  • Working Mechanism of Gearboxes
  • Types of Gearboxes
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Wind Energy Displays Strong Growth Prospects
  • US Cumulative Installed Wind Power capacity (in GW): 2015-2019
  • Market Analytics
CANADA

JAPAN

CHINA
  • Automation of Manufacturing Sector to Drive Growth
  • Progress in Wind Power Investments Augurs Well for Gearbox Demand
  • Market Analytics
EUROPE
  • Market Overview
  • Gross Annual Wind Power capacity Installation in Europe (in GW): 2013-2020
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 117
Note: Product cover images may vary from those shown
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