The global industrial gearbox market is projected to grow at a moderate rate during the forecast period 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.

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.

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Industry Segmentation

Global industrial gearbox market has been segmented based on type, design, end-user, and region.

Based on type, the market has been classified into Helical Industrial Gearbox, Planetary Industrial Gearbox, Bevel Industrial Gearbox, Spur Industrial Gearbox, Worm Industrial Gearbox, and Others (Combination Gears Such as Helical-Bevel, Planetary-Worm).

Based on design, the market has been segmented as parallel, angular, and others. Parallel segment is expected to dominate the market during the forecast period as the helical and planetary gearboxes, which hold the substantial share of the industrial gearbox market, are manufactured using the parallel axis design.

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Key Players

The key players of the global Industrial gearboxMarket 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.

Regional Analysis

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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