Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Industrial Gearbox Market to reach USD 40.96 billion by the end of 2029

Global Industrial Gearbox Market Size study & Forecast, by Type (Worm Gearbox, Helical Gearbox, Bevel Helical Gearbox, Planetary Gearbox) by Application (Power Industry, Steel Industry, Mines and Minerals Industry, Wastewater Treatment Industry, Manufacturing Industry) and Regional Analysis, 2022-2029

Product Code: OIRIME-71521739
Publish Date: 25-01-2023
Page: 200

Global Industrial Gearbox Market is valued at approximately USD 29.36 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.25% over the forecast period 2022-2029. An industrial gearbox is a locked system that transfers mechanical energy to an output device. Torque, speed, and other factors can be adjusted by gearboxes to transform energy into a usable form. A variety of roles are performed by gears in numerous systems. These machines’ speed and torque can be increased by reducing their speed. It enables the efficient use of industrial gear. These boxes are more durable than they need to be for important applications including conveyors, cooling towers, crushers, cranes, and material handling equipment. The key factor driving the market growth is the rising adoption of industrial automation across various industries, growing industrialization in developing economies and government support for developing better energy and adaptable infrastructure would boost the market footprint.

Increasing adoption of robotization in industries is anticipated to create demand for the market. For instance, in 2022, ABB Ltd, has announced the launch of new robots for EV manufacturers. The new IRB 5710 and IRB 5720 robots provide increased speed and flexibility for the handling of materials to assist electric vehicle (EV) producers. Increased productivity and performance are possible with increased uptime due to improved speed and precision and a robust design. Additionally, the rising installation of gearboxes in renewable generation, with a skew towards the wind farm sector is anticipated to create a lucrative opportunity for the market during the forecast period. However, the higher maintenance and operation cost of Industrial Gearboxes stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Industrial Gearbox Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the dominating region across the world in terms of market share, owing to the rising demand for Gearbox in various applications such as the power industry, manufacturing sector and so on. Countries, such as China, India, Korea, Japan, and Australia, are the key contributing countries in the region. Whereas, North America is anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising industrialization and growing adoption of robotization in various industries would create lucrative growth prospects for the Industrial Gearbox market across the Asia Pacific region.

Major market player included in this report are:
Flender GmbH (Germany)
Bonfiglioli SPA (Italy)
SEW Eurodrive (Germany)
Emerson Electric Co. (U.S.)
Nidec Motor Corporation (Japan)
Elecon Engineering Co. Ltd (India)
Dana Motion Systems Italia S.r.l. (Germany)
Johnson Electric Holding Limited (Hong Kong)
Bauer Gear Motor GmbH (Germany)
Sumitomo Heavy Industries (Japan)

Recent Developments in the Market:
 In Jun 2022, Flender announced that it would add clamping elements for joining shafts and hubs to its industrial coupling product line. The new series, which goes by the name Fastex, ensures a frictional connection as well as effective torque and power transmission.
Global Industrial Gearbox Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Worm Gearbox
Helical Gearbox
Bevel Helical Gearbox
Planetary Gearbox
By Application:
Power Industry
Steel Industry
Mines and Minerals Industry
Wastewater Treatment Industry
Manufacturing Industry

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Industrial Gearbox Market, by Region, 2019-2029 (USD Billion)
1.2.2. Industrial Gearbox Market, by Type, 2019-2029 (USD Billion)
1.2.3. Industrial Gearbox Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Gearbox Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Industrial Gearbox Market Dynamics
3.1. Industrial Gearbox Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising adoption of industrial automation across various industries Growing industrialization Increasing adoption of robotization in industries
3.1.2. Market Challenges Higher maintenance and operation cost
3.1.3. Market Opportunities Rising installation of gearboxes in renewable generation
Chapter 4. Global Industrial Gearbox Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Industrial Gearbox Market, by Type
6.1. Market Snapshot
6.2. Global Industrial Gearbox Market by Type, Performance – Potential Analysis
6.3. Global Industrial Gearbox Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Industrial Gearbox Market, Sub Segment Analysis
6.4.1. Worm Gearbox
6.4.2. Helical Gearbox
6.4.3. Bevel Helical Gearbox
6.4.4. Planetary Gearbox
Chapter 7. Global Industrial Gearbox Market, by Application
7.1. Market Snapshot
7.2. Global Industrial Gearbox Market by Application, Performance – Potential Analysis
7.3. Global Industrial Gearbox Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Industrial Gearbox Market, Sub Segment Analysis
7.4.1. Power Industry
7.4.2. Steel Industry
7.4.3. Mines and Minerals Industry
7.4.4. Wastewater Treatment Industry
7.4.5. Manufacturing Industry
Chapter 8. Global Industrial Gearbox Market, Regional Analysis
8.1. Industrial Gearbox Market, Regional Market Snapshot
8.2. North America Industrial Gearbox Market
8.2.1. U.S. Industrial Gearbox Market Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Industrial Gearbox Market
8.3. Europe Industrial Gearbox Market Snapshot
8.3.1. U.K. Industrial Gearbox Market
8.3.2. Germany Industrial Gearbox Market
8.3.3. France Industrial Gearbox Market
8.3.4. Spain Industrial Gearbox Market
8.3.5. Italy Industrial Gearbox Market
8.3.6. Rest of Europe Industrial Gearbox Market
8.4. Asia-Pacific Industrial Gearbox Market Snapshot
8.4.1. China Industrial Gearbox Market
8.4.2. India Industrial Gearbox Market
8.4.3. Japan Industrial Gearbox Market
8.4.4. Australia Industrial Gearbox Market
8.4.5. South Korea Industrial Gearbox Market
8.4.6. Rest of Asia Pacific Industrial Gearbox Market
8.5. Latin America Industrial Gearbox Market Snapshot
8.5.1. Brazil Industrial Gearbox Market
8.5.2. Mexico Industrial Gearbox Market
8.5.3. Rest of Latin America Industrial Gearbox Market
8.6. Rest of The World Industrial Gearbox Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Flender GmbH (Germany) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Bonfiglioli SPA (Italy)
9.2.3. SEW Eurodrive (Germany)
9.2.4. Emerson Electric Co. (U.S.)
9.2.5. Nidec Motor Corporation (Japan)
9.2.6. Elecon Engineering Co. Ltd (India)
9.2.7. Dana Motion Systems Italia S.r.l. (Germany)
9.2.8. Johnson Electric Holding Limited (Hong Kong)
9.2.9. Bauer Gear Motor GmbH (Germany)
9.2.10. Sumitomo Heavy Industries (Japan)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now