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Overview of the engineered gearbox and drives market
The global engineered gearbox and drives market report predicts the market to grow steadily during the forecast period and post a CAGR of about 4% by 2021. This industry research report identifies the rise in demand for noise-free gearbox and drives to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Since gearboxes comprise of several components such as gears, bearings, cooling devices, housing, shafts, and lubrication systems, they produce excessive noise during functioning. With the recent introduction of strict regulations from OSHA that stipulate that industrial workers should not be subjected to noise levels higher than 90 dBA, there will be an increased demand for engineered gear boxes that contain specific modifications including redefined gear teeth and improved lubrication quality, which will consequently drive the growth of the market.
APAC will be the major engineered gearbox and drives market revenue contributor throughout the predicted period. The increased focus on the major end-user industries such as power, cement, mining, and steel and metal processing toward achieving energy efficiency in their plant operations will be the major factor in driving market growth in this region.
Competitive landscape and key vendors
Characterized by the presence of well-diversified international and regional vendors, the market appears to be highly competitive. The major drivers and gearbox manufacturers generate revenue through both direct and indirect sales including local representatives, certified distributors, and system integrators. To increase their revenue, well-established OEMs are increasingly focusing on geographical expansion and innovating their products and services, and customer retention. To enhance their product and service portfolio in this highly competitive market, vendors in the market will start focusing on following mergers and acquisitions strategies.
According to the engineered gearbox and drives market analysis, the leading vendors in the market are -
- Bonfiglioli
- David Brown Gear Systems
- Renold
- Rexnord
- Sumitomo Drive Technologies
- Timken
The other prominent vendors in the market are ABB, AOKMAN, Befared, Cat, Cone Drive, Emerson Electric, Esenpro, GearTec, Hansen, Horsburgh & Scott, IGW, Involute, Klingelnberg, Kumera, Rossi, Rotork, SEW-EURODRIVE, Shackleton Engineering, Sherbrooke Gear Works, Siemens, STOBER, SureGear, TECO-Westinghouse, Turner Uni-drive, Watt Drive-WEG Group, and WIKOV.
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Segmentation by product and analysis of the engineered gearbox and drives market
- Spur
- Helical
- Worm
- Bevel
- Planetary
The helical gear box and drives segment accounted for the major engineered gearbox and drives market during 2016. The increased usage of helically cut gear teeth in customized gearbox and drives since they produce very little noise will be the major factor driving market growth in this segment.
Segmentation by end-user and analysis of the engineered gearbox and drives market
- Process industries
- Discrete industries
The process industries will be the major end-user segment of the engineered gearbox and drives market throughout the predicted period. The growth of the thermal industry that is inducing vendors to manufacture high-speed customized gearbox and drives for a wide variety of applications will drive the growth of this market segment in the coming years.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global engineered gearbox and drives market?
- What are the key market trends impacting the growth of the global engineered gearbox and drives market?
- What are the challenges to market growth?
- Who are the key vendors in the global engineered gearbox and drives market?
- What are the market opportunities and threats faced by the vendors in the global engineered gearbox and drives market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global engineered gearbox and drives market?
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