Precision Gearbox Market Share, Size, Historical Growth, Analysis, Opportunities and Forecast To 2024

Precision Gearbox Market Share, Size, Historical Growth, Analysis, Opportunities and Forecast To 2024

Press Release

An Analysis Of Precision Gearbox Market Has Been Provided In The Latest Report Added By Market Study Report That Primarily Focuses On The Market Trends, Demand Spectrum, And Future Prospects Of This Industry Over The Forecast Period. Furthermore, The Report Provides A Detailed Statistical Overview In Terms Of Trends Outlining The Geographical Opportunities And Contributions By Prominent Industry Share Contenders.

 

North America Precision Gearbox Market size is estimated to surpass USD 556 million by 2024; according to a new research report by Global Market Insights, Inc.

 

North America precision gearboxes are expected to reach around 969 thousand units till 2024. Rising demand of automation across various industries including food & beverage, packaging, and material handling will support the industry growth over the next eight years. Automation in manufacturing industry contributes to the extensive competitiveness and offers immense potential by assuring value creation over excessive labor costs according to the international standards

 

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North America precision gearbox market players are adopting aggressive strategies such as new product launches and geographic expansion to strengthen their foothold in the industry. For instance, in April 2015, WITTENSTEIN redesigned its gearboxes for delivering high performance in all technical disciplines. In August 2016, GAM expanded its U.S. manufacturing operations and introduced a quick delivery program for couplings and gearboxes.

 

Government regulations for increasing the motor efficiency has forced the manufacturers to develop enhanced quality gearboxes. Moreover, provision of sustainable and cost-effective solutions for varied applications including transportation & food industry will contribute significantly for high revenue generation. However, adoption of direct drive mechanism will hamper the growth of North America precision gearbox market till 2024.

 

Customized gear motors and sets are the emerging technologies that are gaining prominence in the industry. They are used to support machines and for application-specific requirements. To cope up with complex designs, a variety of stronger, smaller, and cost-effective gear drives are manufactured. Modular designs with verified gear setups and acceptable price-to-performance ratio leverage the benefits of standardization.

 

For upgrading the automation of existing facilities, manufacturers provide a wide combination range of gears, their configuration types, and reduction ratios. For small quantity gearboxes, 3D modeling assists in designing models, which can be taken into machine tools for post-processing work.

 

North America precision gearbox market from cast iron is expected to dominate the industry with over 50% revenue share. Extensive usage of the material in construction of outer body of gearbox will contribute towards high revenue generation over the next eight years. The product is used for improved lubrication and high technological advancements in the manufacturing techniques. Moreover, lesser weight as compared to its counterparts is another factor responsible for the industry dominance over the forecast timeframe.

 

Planetary gearboxes are anticipated to account for approximately USD 480 million over the forecast timeframe. Products designed for long service range and accurate shaft alignment are highly preferred by industry players suitable for the alignment of the applications. Better heat dissipation along with high-efficiency arrangement will boost the product penetration till 2024. Parallel gearbox will grow at 4% CAGR owing to their compact design and less space consumption.

 

Automotive application is anticipated to generate over 333 thousand units of precision gearboxes and will account for over 33% revenue share over the coming years. It can be attributed to high usage of gearboxes in application requiring superior torque along with speed reduction. Shifting consumer preference towards the products with enhanced comfort and simplified operations will induce immense potential to the North America precision gearbox market size till 2024.

 

U.S. is expected to capture approximately 90% of the North America precision gearbox market over the forecast timeline. Rising standards of living will stimulate demand for vehicles and other precision gear containing products resulting in escalating sales for both OEM and aftermarket. Well defined stringent regulations in the country for the usage of precision gearboxes will foster the industry demand. These regulations include American National Standards Institute (ANSI) standards for robotic applications. Sustainable production, transportation, and packaging solutions along with growing food & beverage industry will support the country’s dominance in the industry.

 

Nuegart Gmbh, Bonfiglioli Riduttori SPA, WITTENSTEIN SE, and CGI, Inc., are among the prominent players in the industry. Other notable players include Anaheim Automation, Inc, GAM, APEX Dynamics, and Onvio LLC.

 

 

North America precision gearbox market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2013 to 2024, for the following segments:

 

North America Precision Gearbox Market by Product

 

Planetary

Parallel

Right-angle

 

North America Precision Gearbox Market by Material

Carbon steel

Aluminum

Bronze

Brass

Cast iron

Plastic

North America Precision Gearbox Market by Application

Automotive

Pump gear wheels

Comfort-drives

Drive shaft for industrial trucks

Caravan mover

Combustion air control

Healthcare

Stair lift

Two-component mixer

Worm gear units for motorized motion rails

Stair climber

Adjustment systems for operating tables

Medical infusion technology

Components for medical devices

Laboratory metering pump

Material Handling

 

Automotive suppliers

Scissors lift

Container mover

Automated guided vehicles

Handling equipment and conveyors

Industrial Trucks and Electric Cars

Agriculture & construction

Adjustment unit for tractors

Brushwood cutter

Pump gear wheels

Crane construction

 

Food

Food dosing technology

Hightech tumbler

Hygenic area

Blister packaging

 

Stage

Drive for stage curtains

Studio lighting

 

E-mobility

Spur gear stage for E-bikes

Drive shaft for electric vehicles

Rotor shaft for electric scooters

Gears/motors

Gear and drum motors

Worm gears and gear motors

Shredder

Transformer station actuating drivers

 

Façade technology

 

Façade adjustment systems

Sun shades

SHEV facility

 

Pump system

 

Drinking water treatment

Chemical industry

Pump drives

Pool technic

Underwater unwinding systems for swimming pools

Drives for swimming pool covers

 

The above information is provided on a regional and country basis for the following:

 

North America

 

U.S.

Canada

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Report Content:

Chapter 1   Methodology & Scope

1.1   Methodology

1.1.1   Initial data exploration

1.1.2   Statistical model and forecast

1.1.3   Industry Insights and validation

1.1.4   Scope, definitions, & forecast parameters

1.1.4.1   Definitions

1.1.4.2   Precision Gearbox Production Methodology

1.1.4.3   Industrial Robots Assumptions

1.1.4.4   Market Engineering

1.1.4.5   Key information gained from primary sources

1.1.4.6   Forecast and parameters

1.2   Data Sources

1.2.1   Secondary

1.2.2   Primary

Chapter 2   Executive Summary

2.1   North America precision gearbox industry 360 degree synopsis, 2013 – 2024

2.1.1   Business trends

2.1.2   Product trends

2.1.3   Material trends

2.1.4   Application trends

2.1.5   Sales channel trends

2.1.6   Country trends

Chapter 3   North America Precision Gearbox Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1   Raw material suppliers

3.3.2   Manufacturers

3.3.3   Profit margin trends

3.3.4   Distribution channel analysis

3.3.4.1   OEM

3.3.4.2   Aftermarket

3.3.5   Vendor matrix

3.4   Technology landscape

3.4.1   Broaching

3.4.2   Carburizing

3.4.3   Climb hobbing

3.4.4   Conventional hobbing

3.4.5   Grinding

3.4.6   Heat treating

3.4.7   Honing

3.4.8   Flame cutting

3.4.9   Lapping

3.4.10    Nitriding

3.4.11    Milling

3.4.12    Shaping

3.4.13    Shaving

3.4.14    Forging

3.5   Industry best practices & key buying criteria

3.5.1   Pain points

3.6   Regulatory landscape

3.6.1   American National Standard Institute (ANSI)

3.6.1   International Standards

3.7   Pricing analysis

3.7.1   Cost structure analysis, 2016

3.8   Industry impact forces

3.8.1   Growth drivers

3.8.1.1   Rising Automation across various industries

3.8.1.1   Cost effective and sustainable solutions for varied applications

3.8.2   Industry pitfalls & challenges

3.8.2.1   Rising adoption of direct drive mechanism

3.9   Innovation & sustainability

3.10   Growth potential analysis

3.11   Competitive landscape

3.11.1    Company market share, 2016

3.11.2    Strategy dashboard

3.12   Porter’s analysis

3.13   PESTEL analysis

Chapter 4   North America Precision Gearbox Market, By Product

4.1   North America precision gearbox market share by product, 2016 & 2024

4.2   Parallel

4.2.1   Market estimates and forecast from parallel, 2013 – 2024, (Thousand Units) (USD Million)

4.2.2   Market estimates and forecast from parallel by country, 2013 – 2024, (Thousand Units) (USD Million)

4.3   Right angle

4.3.1   Market estimates and forecast from right angle, 2013 – 2024, (Thousand Units) (USD Million)

4.3.2   Market estimates and forecast from right angle by country, 2013 – 2024, (Thousand Units) (USD Million)

4.4   Planetary

4.5   Market estimates and forecast from planetary, 2013 – 2024, (Thousand Units) (USD Million)

4.5.1   Market estimates and forecast from planetary by country, 2013 – 2024, (Thousand Units) (USD Million)

Chapter 5   North America Precision Gearbox Market, By Material

5.1   North America precision gearbox market share by material, 2016 & 2024

5.2   Carbon steel

5.2.1   Market estimates and forecast from steel, 2013 – 2024, (Thousand Units) (USD Million)

5.2.2   Market estimates and forecast from steel by country, 2013 – 2024, (Thousand Units) (USD Million)

5.3   Aluminum

5.3.1   Market estimates and forecast from aluminum, 2013 – 2024, (Thousand Units) (USD Million)

5.3.2   Market estimates and forecast from aluminum by country, 2013 – 2024, (Thousand Units) (USD Million)

5.4   Bronze

5.4.1   Market estimates and forecast from bronze, 2013 – 2024, (Thousand Units) (USD Million)

5.4.2   Market estimates and forecast from bronze by country, 2013 – 2024, (Thousand Units) (USD Million)

5.5   Brass

5.5.1   Market estimates and forecast from brass, 2013 – 2024, (Thousand Units) (USD Million)

5.5.2   Market estimates and forecast from brass by country, 2013 – 2024, (Thousand Units) (USD Million)

5.6   Cast iron

5.6.1   Market estimates and forecast from Cast iron, 2013 – 2024, (Thousand Units) (USD Million)

5.6.2   Market estimates and forecast from Cast iron by country, 2013 – 2024, (Thousand Units) (USD Million)

5.7   Plastic

5.7.1   Market estimates and forecast from plastic, 2013 – 2024, (Thousand Units) (USD Million)

5.7.2   Market estimates and forecast from plastic by country, 2013 – 2024, (Thousand Units) (USD Million)

Chapter 6   North America Precision Gearbox Market, By Application

6.1   North America precision gearbox market share by application, 2016 & 2024

6.2   Automotive

6.2.1   Market estimates and forecast for automotive, 2013 – 2024, (Thousand Units) (USD Million)

6.2.2   Market estimates and forecast for automotive, 2013 – 2024, (Thousand Units) (USD Million)

6.2.3   Market estimates and forecast for automotive by country, 2013 – 2024, (Thousand Units) (USD Million)

6.3   Healthcare

6.3.1   Market estimates and forecast for healthcare, 2013 – 2024, (Thousand Units) (USD Million)

6.3.2   Market estimates and forecast for healthcare, 2013 – 2024, (Thousand Units) (USD Million)

6.3.3   Market estimates and forecast for healthcare by country, 2013 – 2024, (Thousand Units) (USD Million)

6.4   Material handling

6.4.1   Market estimates and forecast for material handling, 2013 – 2024, (Thousand Units) (USD Million)

6.4.2   Market estimates and forecast for material handling, 2013 – 2024, (Thousand Units) (USD Million)

6.4.3   Market estimates and forecast for material handling by country, 2013 – 2024, (Thousand Units) (USD Million)

6.5   Agriculture and construction

6.5.1   Market estimates and forecast for agriculture and construction, 2013 – 2024, (Thousand Units) (USD Million)

6.5.2   Market estimates and forecast for agriculture and construction, 2013 – 2024, (Thousand Units) (USD Million)

6.5.3   Market estimates and forecast for agriculture and construction by country, 2013 – 2024, (Thousand Units) (USD Million)

6.6   Food

6.6.1   Market estimates and forecast for food, 2013 – 2024, (Thousand Units) (USD Million)

6.6.2   Market estimates and forecast for food, 2013 – 2024, (Thousand Units) (USD Million)

6.6.3   Market estimates and forecast for food by country, 2013 – 2024, (Thousand Units) (USD Million)

6.7   Stage

6.7.1   Market estimates and forecast for stage, 2013 – 2024, (Thousand Units) (USD Million)

6.7.2   Market estimates and forecast for stage, 2013 – 2024, (Thousand Units) (USD Million)

6.7.3   Market estimates and forecast for stage by country, 2013 – 2024, (Thousand Units) (USD Million)

6.8   E-mobility

6.8.1   Market estimates and forecast for e-mobility, 2013 – 2024, (Thousand Units) (USD Million)

6.8.2   Market estimates and forecast for e-mobility, 2013 – 2024, (Thousand Units) (USD Million)

6.8.3   Market estimates and forecast for e-mobility by country, 2013 – 2024, (Thousand Units) (USD Million)

6.9   Gears/motors

6.9.1   Market estimates and forecast for gears/motors, 2013 – 2024, (Thousand Units) (USD Million)

6.9.2   Market estimates and forecast for gears/motors, 2013 – 2024, (Thousand Units) (USD Million)

6.9.3   Market estimates and forecast for gears/motors by country, 2013 – 2024, (Thousand Units) (USD Million)

6.10   Façade technology

6.10.1    Market estimates and forecast for façade technology, 2013 – 2024, (Thousand Units) (USD Million)

6.10.2    Market estimates and forecast for façade technology, 2013 – 2024, (Thousand Units) (USD Million)

6.10.3    Market estimates and forecast for façade technology by country, 2013 – 2024, (Thousand Units) (USD Million)

6.11   Pump system

6.11.1    Market estimates and forecast for pump system, 2013 – 2024, (Thousand Units) (USD Million)

6.11.2    Market estimates and forecast for pump system, 2013 – 2024, (Thousand Units) (USD Million)

6.11.3    Market estimates and forecast for pump system by country, 2013 – 2024, (Thousand Units) (USD Million)

6.12   Pool technique

6.12.1    Market estimates and forecast for pool technique, 2013 – 2024, (Thousand Units) (USD Million)

6.12.2    Market estimates and forecast for pool technique, 2013 – 2024, (Thousand Units) (USD Million)

6.12.3    Market estimates and forecast for pool technique by country, 2013 – 2024, (Thousand Units) (USD Million)

Chapter 7   North America Precision Gearbox Market, By Sales Channel

7.1   North America precision gearbox market share by sales channel, 2016 & 2024

7.2   OEM

7.2.1   Market estimates and forecast from OEM, 2013 – 2024, (Thousand Units) (USD Million)

7.2.2   Market estimates and forecast from OEM by country, 2013 – 2024, (Thousand Units) (USD Million)

7.3   Aftermarket

7.3.1   Market estimates and forecast from aftermarket, 2013 – 2024, (Thousand Units) (USD Million)

7.3.2   Market estimates and forecast from aftermarket by country, 2013 – 2024, (Thousand Units) (USD Million)

Chapter 8   North America Precision Gearbox Market, By Country

8.1   North America precision gearbox market share by country, 2016 & 2024

8.2   U.S.

8.2.1   U.S. market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

8.2.2   U.S. market estimates and forecast, by product, 2013 – 2024, (Thousand Units) (USD Million)

8.2.3   U.S. market estimates and forecast, by material, 2013 – 2024, (Thousand Units) (USD Million)

8.2.4   U.S. market estimates and forecast, by application, 2013 – 2024, (Thousand Units) (USD Million)

8.2.5   U.S. market estimates and forecast, by sales channel, 2013 – 2024, (Thousand Units) (USD Million)

8.3   Canada

8.3.1   Canada market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

8.3.2   Canada market estimates and forecast, by product, 2013 – 2024, (Thousand Units) (USD Million)

8.3.3   Canada market estimates and forecast, by material, 2013 – 2024, (Thousand Units) (USD Million)

8.3.4   Canada market estimates and forecast, by application, 2013 – 2024, (Thousand Units) (USD Million)

8.3.5   Canada market estimates and forecast, by sales channel, 2013 – 2024, (Thousand Units) (USD Million)

Chapter 9   Company Profiles

9.1   Manufacturer

9.1.1   WITTENSTEIN SE

9.1.1.1   Business overview

9.1.1.2   Planetary Gear Box Industry Sales, 2016

9.1.1.3   Financial data

9.1.1.4   Product landscape

 

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