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Industrial Gearbox - Market Analysis, Trends, and Forecasts

  • ID: 4805819
  • Report
  • March 2020
  • Region: Global
  • 713 pages
  • Global Industry Analysts, Inc
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The Industrial Gearbox market worldwide is projected to grow by US$11.5 Billion, driven by a compounded growth of 4.5%. Helical, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$16.6 Billion by the year 2025, Helical will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$364.9 Million to the region's size and clout in the next 5 to 6 years. Over US$362.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Helical will reach a market size of US$810.6 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.4% over the next couple of years and add approximately US$3.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

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
Economic Scenario and Its Impact on Industrial Gearboxes Market
EXHIBIT 1: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
Manufacturing PMI: An Important Bellwether
EXHIBIT 2: Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2012 through 2019
Competitive Scenario
Recent Market Activity

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 Gearbox Co., Ltd. (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
EXHIBIT 3: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
EXHIBIT 4: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
EXHIBIT 5: 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
EXHIBIT 6: Global Wind Power Installed Capacity (In GW) for the Years 2015 -2022
EXHIBIT 7: 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
EXHIBIT 8: 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 9: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
EXHIBIT 10: Projected Increase in Construction Investments Favors Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
EXHIBIT 11: Construction Industry Worldwide: Percentage CAGR of Construction Output by Region for the Period 2013-2017 and 2018-2023
EXHIBIT 12: 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
EXHIBIT 13: 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
EXHIBIT 14: 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
EXHIBIT 15: 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
EXHIBIT 16: Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
Gearbox in Power Transmission in Automobiles
EXHIBIT 17: 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
EXHIBIT 18: 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
EXHIBIT 19: 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
EXHIBIT 20: 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 (including Divisions/Subsidiaries - 129)
Note: Product cover images may vary from those shown
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