Industrial Planetary Gearbox Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

The industrial planetary gearbox market has the potential to grow by USD 865.99 million during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 4.86%.

This industrial planetary gearbox market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (discrete industry and process industry) and geography (APAC, Europe, North America, MEA, and South America). The industrial planetary gearbox market report also offers information on several market vendors, including Altra Industrial Motion Corp., Bonfiglioli Riduttori SpA, Dana Inc., Delta Electronics Inc., FLSmidth & Co. A/S, Kumera Corp., Nidec Corp., SEW-EURODRIVE GmbH & Co KG, Siemens AG, and Sumitomo Heavy Industries Ltd. among others.

What will the Industrial Planetary Gearbox Market Size be in 2021?

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Industrial Planetary Gearbox Market: Key Drivers and Trends

The growing demand for planetary gearbox from the automotive industry is notably driving the industrial planetary gearbox market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial planetary gearbox industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

One of the key factors driving growth in the industrial planetary gearbox market share is the rising demand for planetary gearbox from the automotive industry. Planetary gearboxes find extensive application in transmission and differential systems as they can deliver higher power, durability, high torque-to-weight ratios, and configuration flexibility in the automotive powertrain. The low penetration of cars in emerging economies has provided high opportunities for automotive OEMs to capture markets in these countries. The suppliers of planetary gearboxes are focused on increasing their production to meet the rising demand from the automotive industry in developing countries.

The increasing use of planetary gearbox in the robotics industry is another factor supporting the industrial planetary gearbox market share growth. Planetary gearboxes are being used in the robotics industry, owing to their inherent advantages in high-speed and repetitive tasks. The rising labor costs, the decline in the working-age population, and increasing investments in the manufacturing sector require industrial operators to reduce their operating expenditure. The rapid industrial growth in APAC and the growing adoption of automation technologies will play a major role in the growth of the industrial robots market.

This industrial planetary gearbox market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Industrial Planetary Gearbox Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Altra Industrial Motion Corp.
• Bonfiglioli Riduttori SpA
• Dana Inc.
• Delta Electronics Inc.
• FLSmidth & Co. A/S
• Kumera Corp.
• Nidec Corp.
• SEW-EURODRIVE GmbH & Co KG
• Siemens AG
• Sumitomo Heavy Industries Ltd.

 

This statistical study of the industrial planetary gearbox market encompasses successful business strategies deployed by the key vendors. The industrial planetary gearbox market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial planetary gearbox market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Planetary Gearbox Market?

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52% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the industrial planetary gearbox market in APAC. Market growth in this region will be faster than the growth of the market in the European, North American, and MEA regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Industrial Planetary Gearbox Market?

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The industrial planetary gearbox market share growth by the discrete industry segment will be significant during the forecast period. Planetary gearboxes are finding increasing applications in robotics and machine tools with their ability to produce a low backlash, high torque to weight ratio, and compact size. The demand for industrial robots will grow consistently owing to the emergence of international vendors that provide high-quality products. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial planetary gearbox market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Industrial Planetary Gearbox Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive industrial planetary gearbox market growth during the next five years
• Precise estimation of the industrial planetary gearbox market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial planetary gearbox industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial planetary gearbox market vendors

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Industrial Planetary Gearbox Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Decelerate at a CAGR of 4.86%
Market growth 2021-2025	$ 865.99 million
Market structure	Fragmented
YoY growth (%)	5.38
Regional analysis	APAC, Europe, North America, MEA, and South America
Performing market contribution	APAC at 52%
Key consumer countries	China, US, Japan, Germany, and India
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Altra Industrial Motion Corp., Bonfiglioli Riduttori SpA, Dana Inc., Delta Electronics Inc., FLSmidth & Co. A/S, Kumera Corp., Nidec Corp., SEW-EURODRIVE GmbH & Co KG, Siemens AG, and Sumitomo Heavy Industries Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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.