Gear Manufacturing Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 179 SKU: IRTNTR71528

Gear Manufacturing Market Forecast 2023-2027

The gear manufacturing market size is estimated to grow at a CAGR of 7.75% between 2022 and 2027. The market size is forecast to increase by USD 113.74 billion. The growth of the market depends on several factors such as the adoption of industrial automation, growing investments in renewable energy and the resurgence of investments in the oil and gas sector. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

What will be the size of the Market During the Forecast Period?

Gear Manufacturing Market Forecast 2023-2027

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Key Market Dynamic

Driver- Adoption of industrial automation

Over the past few decades, technological advancements have driven automation, leading to the widespread adoption of robots and industrial automation. Globally, automation is increasingly utilized across all industrial sectors, with particularly high adoption rates in manufacturing. This trend is expected to become a significant driver for this market. Many companies are experiencing challenges such as shrinking profit margins and operational difficulties due to rising labor costs and manufacturing overcapacity in certain regions. Consequently, manufacturers are increasingly turning to automation to replace manual labor.

Automation not only helps in reducing operational costs but also enhances work efficiency while minimizing losses from human errors associated with manual handling and processing. The growing mechanization of manual tasks in industries is anticipated to fuel the demand for manufacturing during the forecast period. This trend is supported by market research and growth analysis, indicating the increasing adoption of automation and its impact on the market trends. Furthermore, market growth and forecasting suggest a positive outlook for the gear manufacturing sector as automation continues to transform industrial processes.

Trends- Integration of sensors and industrial Internet of Things (IIoT)

Advancements in interconnected electronics and information relay technologies are facilitating the transition of control systems in gear manufacturing from analogue to digital communication. The incorporation of IIoT technologies into gearboxes is also expected to increase alongside the expansion of industrial automation, commonly referred to as Industry 4.0. IIoT enables the comprehensive collection of data from the entire process system, including the utilized in gearboxes. The data gathered by sensors is transmitted to local machine controllers and manufacturing execution systems (MES).

This integration allows operators to analyze equipment condition and performance and implement predictive maintenance measures, thereby preventing unexpected failures and reducing downtime. Currently, the application of IIoT in gear and it's systems is primarily limited to high-performance and critical applications, but it is projected to drive this market forward with the adoption of Industry 4.0 practices during the forecast period. This trend is supported by market growth analysis and emphasizes the importance of innovative gear materials and gear production technology in enabling the transition toward digitally-enabled gear manufacturing processes.

Challenge- Slowdown in the Chinese manufacturing sector

Due to the vast manufacturing sector, China has a huge potential for growth in this global market. China is considered a global hub for manufacturing and produces everything from vehicle and aircraft components to industrial machines and electronics. Nevertheless, the slowdown in the Chinese economy is anticipated to restrict the growth of the market growth. As global exports have been declining, the Chinese economy and its manufacturing sector are facing a slowdown, and the manufacturing industry is experiencing low foreign investments.

In addition, the US government is debating several trade reforms that may limit the import of manufactured goods into the country. Although China is expected to remain one of the leading markets. Such factors may adversely influence the demand for their manufacturing from end-user industries, thereby hindering the growth of the market during the forecast period. 

Market Analyst Overview

The market encompasses a wide range of industries, including the automotive industry, aerospace industry, and industrial machinery sector, where precision-engineered gears play a crucial role in various applications. From transmission systems in vehicles to intricate components in aircraft, gears are essential for transferring motion and power efficiently.

Gear manufacturing involves advanced precision engineering techniques, including gear cutting, machining processes, and metal fabrication, to produce high-quality gears tailored to specific requirements. The process encompasses various stages, such as gear design, material selection, and gear inspection, ensuring optimal performance and reliability.

Advanced technologies like CNC machining, gear hobbing, gear grinding, and gear shaping are employed to achieve precise gear specifications. As the industry evolves, gear manufacturing techniques and production technology continue to advance to meet the growing demand for high-performance.

Stakeholders in the market closely monitor market trends, growth analysis, and market research to make informed decisions and anticipate future demand, driving market growth and informing market forecasting efforts.

Market Segmentation by Product, End-user, and Geography

Product Segment Analysis: 

The worm gear segment is estimated to witness significant growth during the forecast period. A worm gear has a shaft with a spiral thread that connects with a toothed wheel and moves it and it helps in changing the rotational movement at 90 degrees. They are generally made from steel and brass materials.

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The worm gear segment was the largest segment and was valued at USD 106.38 billion in 2017. Worm gears can use high reduction ratios, which results in higher torque multiplication. Also, this help in lowering speed and managing the speed at low and medium levels. The reduction ratio is based on the number of gear teeth, which results in a more compact structure. Worm gears are self-locking, which makes them ideal for hoisting and lifting applications. Such factors are expected to fuel the market segment, which in turn drives the market growth during the forecast period. 

End-user Segment Analysis: 

Based on end-user, the market has been segmented into the oil and gas industry, power industry, automotive, spur gear and others. The oil and gas industry segment will account for the largest share of this segment.?Heavy-duty industrial gears are used across the oil and gas value chain and all chemical process industries. Moreover, increasing investments in the exploration of crude oil by oil manufacturers and the ongoing increase in the production of crude oil will boost the market. For instance, in August 2021, Indian Oil Corp. Ltd announced its plan to invest USD 254 billion over the next five years to go up to 25 million tons per annum (MPTA), resulting in the expansion of a current capacity of 106.7 MPTA. Therefore, such factors are expected to fuel the growth of the market in the oil and gas industry during the forecast period.

Regional Analysis

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APAC is estimated to contribute 39% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In APAC, particularly China and India, have been adding substantial wind energy capacity for the last few years, which is a primary source of growth for the market. Also, the region is home to some of the largest oil and gas-consuming and chemical and industrial manufacturing countries, which contribute to its significant share in the market and the region is the world's largest automotive manufacturing hub.

In addition, the demand for manufacturing varies widely according to the country as the region includes both developed and developing countries. The development of water and wastewater treatment facilities in countries such as China, India, Indonesia, and Vietnam will also be a major source of growth for the market. These countries severely lack water treatment infrastructure and are anticipated to invest significant sums in such infrastructure development activities, thereby driving the growth of the market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Emerson Electric Co - The company offers products such as gearboxes for rotary mowers and splitter gearboxes.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Siemens AG, Emerson Electric Co., Johnson Electric Holdings Ltd., DB Santasalo Sarl, ZF Friedrichshafen AG, SEW-EURODRIVE GmbH and Co KG, Sumitomo Heavy Industries Ltd., Comer Industries Spa, WEG Equipamentos Eletricos S.A., Rotork Plc, Regal Rexnord Corp., Bondioli and Pavesi Spa, Bonfiglioli Riduttori Spa, Curtis Machine Co. Inc., Dana Inc., FLSmidth and Co. AS, Eaton Corp. Plc, Elecon Engineering Co. Ltd., Bharat Gears Ltd., and KLINGELNBERG GmbH

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis. 

Segment Overview

This market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD billion, 2017 - 2027)
    • Worm gear
    • Bevel gear
    • Others
  • End-user Outlook (USD billion, 2017 - 2027)
    • Oil and gas industry
    • Power industry
    • Automotive
    • Spur gear and others
  • Region Outlook (USD billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Gear Manufacturing Market Scope

Report Coverage

Details

Page number

179

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.75%

Market growth 2023-2027

USD 113.74 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

6.95

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 39%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Siemens AG, Emerson Electric Co., Johnson Electric Holdings Ltd., DB Santasalo Sarl, ZF Friedrichshafen AG, SEW-EURODRIVE GmbH and Co KG, Sumitomo Heavy Industries Ltd., Comer Industries Spa, WEG Equipamentos Eletricos S.A., Rotork Plc, Regal Rexnord Corp., Bondioli and Pavesi Spa, Bonfiglioli Riduttori Spa, Curtis Machine Co. Inc., Dana Inc., FLSmidth and Co. AS, Eaton Corp. Plc, Elecon Engineering Co. Ltd., Bharat Gears Ltd., and KLINGELNBERG GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of gear manufacturing market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global gear manufacturing market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global gear manufacturing market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Worm gear - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Worm gear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Worm gear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Worm gear - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Worm gear - Year-over-year growth 2022-2027 (%)
    • 6.4 Bevel gear - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Bevel gear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Bevel gear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Bevel gear - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Bevel gear - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Oil and gas industry - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Oil and gas industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Oil and gas industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Oil and gas industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Oil and gas industry - Year-over-year growth 2022-2027 (%)
    • 7.4 Power industry - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Power industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Power industry - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Power industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Power industry - Year-over-year growth 2022-2027 (%)
    • 7.5 Automotive - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.6 Spur gear and others - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Spur gear and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Spur gear and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Spur gear and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Spur gear and others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ billion)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Bondioli and Pavesi Spa
              • Exhibit 123: Bondioli and Pavesi Spa - Overview
              • Exhibit 124: Bondioli and Pavesi Spa - Product / Service
              • Exhibit 125: Bondioli and Pavesi Spa - Key offerings
            • 12.4 Bonfiglioli Riduttori Spa
              • Exhibit 126: Bonfiglioli Riduttori Spa - Overview
              • Exhibit 127: Bonfiglioli Riduttori Spa - Product / Service
              • Exhibit 128: Bonfiglioli Riduttori Spa - Key offerings
            • 12.5 Comer Industries Spa
              • Exhibit 129: Comer Industries Spa - Overview
              • Exhibit 130: Comer Industries Spa - Product / Service
              • Exhibit 131: Comer Industries Spa - Key offerings
            • 12.6 Curtis Machine Co. Inc.
              • Exhibit 132: Curtis Machine Co. Inc. - Overview
              • Exhibit 133: Curtis Machine Co. Inc. - Product / Service
              • Exhibit 134: Curtis Machine Co. Inc. - Key offerings
            • 12.7 Dana Inc.
              • Exhibit 135: Dana Inc. - Overview
              • Exhibit 136: Dana Inc. - Business segments
              • Exhibit 137: Dana Inc. - Key news
              • Exhibit 138: Dana Inc. - Key offerings
              • Exhibit 139: Dana Inc. - Segment focus
            • 12.8 DB Santasalo Sarl
              • Exhibit 140: DB Santasalo Sarl - Overview
              • Exhibit 141: DB Santasalo Sarl - Product / Service
              • Exhibit 142: DB Santasalo Sarl - Key offerings
            • 12.9 Emerson Electric Co.
              • Exhibit 143: Emerson Electric Co. - Overview
              • Exhibit 144: Emerson Electric Co. - Business segments
              • Exhibit 145: Emerson Electric Co. - Key news
              • Exhibit 146: Emerson Electric Co. - Key offerings
              • Exhibit 147: Emerson Electric Co. - Segment focus
            • 12.10 Johnson Electric Holdings Ltd.
              • Exhibit 148: Johnson Electric Holdings Ltd. - Overview
              • Exhibit 149: Johnson Electric Holdings Ltd. - Business segments
              • Exhibit 150: Johnson Electric Holdings Ltd. - Key offerings
              • Exhibit 151: Johnson Electric Holdings Ltd. - Segment focus
            • 12.11 Regal Rexnord Corp.
              • Exhibit 152: Regal Rexnord Corp. - Overview
              • Exhibit 153: Regal Rexnord Corp. - Business segments
              • Exhibit 154: Regal Rexnord Corp. - Key offerings
              • Exhibit 155: Regal Rexnord Corp. - Segment focus
            • 12.12 Rotork Plc
              • Exhibit 156: Rotork Plc - Overview
              • Exhibit 157: Rotork Plc - Business segments
              • Exhibit 158: Rotork Plc - Key offerings
              • Exhibit 159: Rotork Plc - Segment focus
            • 12.13 SEW-EURODRIVE GmbH and Co KG
              • Exhibit 160: SEW-EURODRIVE GmbH and Co KG - Overview
              • Exhibit 161: SEW-EURODRIVE GmbH and Co KG - Product / Service
              • Exhibit 162: SEW-EURODRIVE GmbH and Co KG - Key offerings
            • 12.14 Siemens AG
              • Exhibit 163: Siemens AG - Overview
              • Exhibit 164: Siemens AG - Business segments
              • Exhibit 165: Siemens AG - Key news
              • Exhibit 166: Siemens AG - Key offerings
              • Exhibit 167: Siemens AG - Segment focus
            • 12.15 Sumitomo Heavy Industries Ltd.
              • Exhibit 168: Sumitomo Heavy Industries Ltd. - Overview
              • Exhibit 169: Sumitomo Heavy Industries Ltd. - Product / Service
              • Exhibit 170: Sumitomo Heavy Industries Ltd. - Key offerings
            • 12.16 WEG Equipamentos Eletricos S.A.
              • Exhibit 171: WEG Equipamentos Eletricos S.A. - Overview
              • Exhibit 172: WEG Equipamentos Eletricos S.A. - Business segments
              • Exhibit 173: WEG Equipamentos Eletricos S.A. - Key offerings
              • Exhibit 174: WEG Equipamentos Eletricos S.A. - Segment focus
            • 12.17 ZF Friedrichshafen AG
              • Exhibit 175: ZF Friedrichshafen AG - Overview
              • Exhibit 176: ZF Friedrichshafen AG - Business segments
              • Exhibit 177: ZF Friedrichshafen AG - Key news
              • Exhibit 178: ZF Friedrichshafen AG - Key offerings
              • Exhibit 179: ZF Friedrichshafen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis