Market Highlights

Industrial gearbox is a cylindrical part having cut teeth on its periphery, which mesh with another tooth part (gear) in order to transmit torque. There are different types of industrial gearboxes which are used for different type of purposes. The major gearboxes include helical gearboxes, coaxial helical inline, bevel helical gearbox, and skew bevel helical gearbox, among others. Every type of industrial gearbox has different design; hence the same industrial repair and renewable techniques would not work for all of them. Hence, industrial gearbox requires proper maintenance during its life span or operational life.

Industrial gearbox is defined as the enclosed system which helps in transmitting mechanical energy to an output device. Industrial gearbox slowdown the rate of rotation in order to increase speed and torque. High reliability of industrial gearbox is demanded in some applications as its breakdown can cause serious implications. So, manufacturers of industrial gearbox are focusing on designing of industrial gearbox in order to match customer’s requirements. Industrial gearbox is used in high speed applications such as aerospace, automobile, and marine.

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The global Industrial Gearbox market is set to witness significant growth due to rising use of industrial gearbox in manufacturing sector and in machine tools and material handling equipment. The demand for energy efficient gearbox is likely to boos the demand of industrial gearbox market. The renewable power generation is also expected to offer promising business opportunities to the industrial gearbox during the forecast period. According to IRENA (International Renewable Energy Association), renewable power generation is expected to hold 36% share in the total power generation capacity by 2030 from 18% in 2015. However, the features such as overheating, excessive noise, and oil leaks of industrial gearbox is likely to restraint the industrial gearbox market.

Prominent Players:

The key players of the global Industrial gearbox market are Emerson Electric Co, Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd, Watt Drive Weg Group, Sew-Eurodrive, Schneider Electric, GKN Off-Highway Powertrain, ABB Ltd, Bauer Gear Motor, Bondioli & Pavesi, Dana Brevini, Bonfiglioli, Comer Industries, Elecon Engineering, and China High Speed Transmission Equipment Group Co., Ltd., among others.

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Segmental Analysis:

The Industrial gearbox market has been segmented based on industry as wind power; cement & aggregates; chemicals, rubber & plastic; construction; food & beverage; marine; material handling; metals & mining; power generation; recreational vehicle; transportation industry; agriculture; automotive; and others. Wind power is expected to be the fastest growing segment in the industrial gearbox market during the forecast period due to increasing wind power installation globally.

Regional Outlook:

Region wise, Asia-Pacific held the largest market share of the global industrial gearbox market in 2017 due to increasing use of industrial gearbox in many manufacturing industries. This growth will witness a positive outlook in the coming years owing to increasing automation in industries such as automobile, food processing, and agriculture machinery. Moreover, increasing investments in renewable power generation with a shift towards wind power is driving the industrial gearbox market.

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