Global Precision Gearbox Market 2017-2021

Overview of global precision gearbox market

Design is the most essential element for any product development process. CNC machines specifically adhere to design specifications and help in developing the product with maximum accuracy and in the desired form. Technavio's market research report has identified the rising demand for reliable and efficient CNC machines as one of the primary factors that will fuel the growth of the precision gearbox market in the coming years. In addition to being highly productive and efficient, CNC machines also enable the incorporation of new technologies, which will further aid in achieving accurate and desired designs. Moreover, CNC machines can also reduce human interference and provide superior-quality products and function continuously without the need for regular maintenance. Owing to these benefits, the preference of end-users towards CNC machines will increase in the coming years, which will subsequently fuel the demand for precision gearboxes. Our market analysts have estimated that this market will grow at a CAGR of more than 5% by 2021.

The adoption of 3D printing or additive manufacturing for manufacturing gears will be one of the key trends that will gain traction in the precision gearbox market during the next few years. 3D printing builds the product in thin layers and has the ability to manufacture complex shapes that cannot be developed through traditional manufacturing techniques. Though the initial cost of 3D printers is quite high, their utilization will help in reducing the incremental unit cost for manufacturers through material optimization, wastage reduction, and reduction of costs related to raw material and scrap reclaim. With further developments in 3D printing, the coming years will likely witness the complete shift of the manufacturing sector towards 3D printing.

Competitive landscape and key vendors

The precision gearbox market appears to be moderately fragmented with the presence of regional and international precision gearbox manufacturers. The international precision gearbox manufacturers have a significant presence across the globe and account for the maximum market shares. With the emergence of new players, the level of competition among the players in this marketspace will intensify in the coming years.

The leading vendors in the market are   

• BONFIGLIOLI RIDUTTORI
• Dana Brevini Power ? Transmission
• Güdel
• SEW-EURODRIVE
• Siemens

The other prominent vendors in the market are ABB, Anaheim Automation, CGI, Cone Drive Engineering, Curtis Machine Company, David Brown Santasalo, Emerson, HORSBURGH & SCOTT, MS-Graessner, Melior Motion, Neugart, Oerlikon Graziano, PARKER HANNIFIN, Rexnord, and Varitron Engineering (Taiwan).

Segmentation by end-user type and analysis of the precision gearbox market

• Machine tools and industrial robotics
• Packaging machinery
• Food and beverage processing machinery
• Automated material handling

During 2016, the machine tools and industrial robotics segment accounted for the major shares of the precision gearbox market. Countries such as the US and Canada are witnessing a rise in industrial automation. This influences the demand for incorporation of parts that offer greater precision and flexibility, which in turn, will fuel the growth of the market in this end-user segment.

Geographical segmentation and analysis of the precision gearbox market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the precision gearbox market throughout the forecast period. In Europe, countries such as Germany and Italy are the largest producers and consumers of precision gearbox. Moreover, countries in the Middle East and Africa also witness an increase in the adoption of precision gearboxes.

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 precision gearbox market?
• What are the key market trends impacting the growth of the global precision gearbox market?
• What are the challenges to market growth?
• Who are the key vendors in the global precision gearbox market?
• What are the market opportunities and threats faced by the vendors in the global precision gearbox 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 precision gearbox market? 

Technavio also offers customization on reports based on specific client requirement.

According to our industry experts, the rising number of high torque application is expected to directly impact the precision gearbox market in the coming years. To help the clients gain competitive advantage especially in niche markets, this market report on the precision gearbox market also covers vendors like Bonfiglioli, CGI, and Gudel. Furthermore, to present clients with the opportunity to explore multiple market segments and explore untapped markets, this report on the precision gearbox market also covers geographies like the Americas, APAC, and EMEA.   

This upcoming research report on the precision gearbox market offers insights into the significant trends and drivers stimulating the growth of the heavy industry. Our reports for the heavy industry also follow a scrupulous data collection methodology and present an extensive analysis of exponentially growing market segments like tools and components.     

The upcoming industry research report for precision gearbox market also categorizes the influencing drivers, trends, and the restraints the tools and components sector currently experiences. This upcoming report on the precision gearbox market presents insights into the rapidly changing vendor landscape to give clients an exact overview of the forthcoming events within the heavy industry. Technavio also offers in-depth market assessments into the sectors such as test and measurement, unit operations, and construction.   

Technavio also offers clients the possibility to customize every report according to their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.