Precision Gearbox Market to Reach US$ 14.2 Bn by 2030

The worldwide Precision Gearbox market measurement is anticipated to achieve USD 14.2 billion by 2030 and is anticipated to increase at a CAGR of 12.9% from 2021 to 2030.

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Growth Factors

 Increasing implementation of automation technology in the production process is likely to propel the demand for the installation of robots, thereby driving the market.

The presence of a large number of raw material suppliers, providing multiple options to product manufacturers, is projected to result in low bargaining power. In addition, the low switching cost for manufacturers is expected to decrease the bargaining power of suppliers. The increasing product demand in the medical industry is anticipated to benefit the market growth. In addition, the outbreak of the coronavirus pandemic across the globe has promoted the demand for medical equipment, which is anticipated to further benefit market growth.

Report Coverage

Report Scope Details
Market Size USD 14.2 billion by 2030
Growth Rate CAGR of 12.9% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Nidec-Shimpo Corporation; Neugart GmbH; Bonfiglioli Riduttori S.p.A.; Nabtesco Corporation; Parker-Hannifin Corporation

Report Highlights

The planetary precision gearbox segment dominated the market and accounted for the largest revenue share of about 80.0% in 2021. The product is increasingly used in several industrial and mobile applications, including track drives, mixing, pumps, auger and drilling drives, hoist drives, and cutter head drives.

Harmonic precision gearboxes are used across several industrial applications such as machine tools and electronic equipment. The high precision harmonic gearbox is used in robots and semiconductor devices that have compact designs and need high accuracy levels, whereas a low precision gearbox is used for antenna systems. Standard precision systems are most widely used in food and beverages and machine tools applications.

The robotics application segment dominated the market and accounted for the largest revenue share of about 29.0% in 2021. This growth can be attributed to the growing utilization of robotic devices, owing to the advantages they provide with respect to consistency and precision, high throughput rates, and minimization of waste and scrap.

The product is widely used in assembly with servo motors to drive the packaging process and play a crucial role in maintaining uniformity of product by driving the machine at a constant set speed, thus leading to its increased demand. In addition, these gearboxes have high torque efficiency that helps to increase the efficiency of packaging in manufacturing machines.

Asia Pacific dominated the precision gearbox market and accounted for the largest revenue share of 74.0% in 2021. This growth is owing to the growing utilization of robotics and automation technologies and advanced material handling equipment in several industries such as cement, metallurgy, and machine tools. China, India, and Japan are witnessing high investments by companies in industries such as cement and for the adoption of advanced systems for increasing their production capacity.

Key Players

  • Nidec-Shimpo Corporation
  • Neugart GmbH
  • Bonfiglioli Riduttori S.p.A.
  • Nabtesco Corporation
  • Parker-Hannifin Corporation

Market Segmentation

  • Product
    • Planetary
      • High Precision
      • Low Precision
      • Standard Precision
    • Harmonic
      • High Precision
      • Low Precision
      • Standard Precision
    • Cycloidal
      • High Precision
      • Low Precision
      • Standard Precision
  • Application
    • Military & Aerospace
    • Food, Beverage, & Tobacco
    • Machine Tools
    • Materials Handling
    • Packaging
    • Robotics
    • Medical
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • UAE

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

 Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Precision Gearbox Market, By Product

7.1.  Precision Gearbox Market, by Product, 2021-2030

7.1.1.    Planetary

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Harmonic

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Cycloidal

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Precision Gearbox Market, By Application

8.1.  Precision Gearbox Market, by Application, 2021-2030

8.1.1.    Military & Aerospace

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Food, Beverage, & Tobacco

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Machine Tools

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Materials Handling

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Packaging

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Robotics

8.1.6.1.        Market Revenue and Forecast (2017-2030)

8.1.7.    Medical

8.1.7.1.        Market Revenue and Forecast (2017-2030)

8.1.8.    Others

8.1.8.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Precision Gearbox Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Nidec-Shimpo Corporation

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Neugart GmbH

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Bonfiglioli Riduttori S.p.A.

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Nabtesco Corporation

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Parker-Hannifin Corporation

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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