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Industrial Gearbox Trends and Forecast
The future of the global industrial gearbox market looks promising with opportunities in the wind power, material handling, construction, metal & mining, cement & aggregate, and food & beverage markets. The global industrial gearbox market is expected to reach an estimated $37 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are high demand for industrial automation and growing industrialization in emerging economies.
A more than 150-page report is developed to help in your business decisions.
Industrial Gearbox by Segment
The study includes a forecast for the global industrial gearbox by type, design, end use, and region.
Industrial Gearbox Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Industrial Gearbox Market by Design [Shipment Analysis by Value from 2018 to 2030]:
Industrial Gearbox Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Industrial Gearbox Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Industrial Gearbox Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial gearbox companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial gearbox companies profiled in this report include-
Industrial Gearbox Market Insights
Lucintel forecasts that helical will remain the largest segment due to increasing automobile production.
Within this market, wind power will remain the largest segment due to increasing number of wind power installations.
APAC is expected to witness highest growth over the forecast period due to increasing automation in the manufacturing industries.
Features of the Global Industrial Gearbox Market
Market Size Estimates: Industrial gearbox market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Industrial gearbox market size by type, design, end use, and region in terms of value ($B).
Regional Analysis: Industrial gearbox market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, designs, end uses, and regions for the industrial gearbox market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial gearbox market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the industrial gearbox market size?
Answer: The global industrial gearbox market is expected to reach an estimated $37 billion by 2030.
Q.2 What is the growth forecast for industrial gearbox market?
Answer: The global industrial gearbox market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the industrial gearbox market?
Answer: The major drivers for this market are high demand for industrial automation and growing industrialization in emerging economies.
Q4. What are the major segments for industrial gearbox market?
Answer: The future of the industrial gearbox market looks promising with opportunities in the wind power, material handling, construction, metal & mining, cement & aggregate, and food & beverage markets.
Q5. Who are the key industrial gearbox market companies?
Answer: Some of the key industrial gearbox companies are as follows:
Q6. Which industrial gearbox market segment will be the largest in future?
Answer: Lucintel forecasts that helical will remain the largest segment due to increasing automobile production.
Q7. In industrial gearbox market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing automation in the manufacturing industries.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.