Precision Gearbox Market Analysis

Precision Gearbox Market to Witness Growth Acceleration During 2024

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This global Precision Gearbox market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Precision Gearbox Market size is set to exceed USD 2.5 billion by 2024; as per a new research report.

Growing automation demand in machine tools, food & beverage processing and tobacco industry, materials handling and packaging applications will support the industry growth. The manufacturing industry is focused towards developing gearboxes of small size and lower weights, thus driving the precision gearbox market.

Advancements in robotic systems will support precision gearbox market demand owing to its precise positioning. Moreover, increased focus towards reducing overall weight of the robot will increase the hard-plastic components demand used in the business. Customized precision gearboxes are gaining popularity to support the application-specific machine requirements. A variety of strong, compact, and cost-effective gear drives are manufactured to cope with complex designs.

Companies are focusing towards collaboration of human and robots, also known as collaborative robots for simplified applications. Commercialization of co-bots will further support the demand for precision gearbox market over the forecast period.

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Ability to perform low speed cutting operations in range of different materials will increase the demand for these products in machine tool applications. The materials handling industry is influenced by rising transportation of goods and changing overall consumption patterns.  Growing consumption of fast foods in smaller packages will drive demand across the packaging sector.

U.S. F&B and tobacco industry is focused towards competitive pricing along with sustainable production, packaging, and transportation solutions. This operational efficiency can be achieved by adopting automation solutions enabling manufacturers to develop high-quality products at lower costs. Rising automation needs in the U.S. will further support the market over the next eight years. Europe precision gearbox market share was responsible for over 30% of overall 2015 revenue and will grow significantly throughout the forecast timeline.

The industry participants focus on providing unique selling propositions by offering characteristics such as speed reducers with higher torque, high efficiency up to 96%-98% and maintenance-free construction. Some of the competitors are Brevini, SEW Eurodrive and Siemens.

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Table of Content:

Chapter 1.    Methodology & Scope

1.1.    Research Methodology

1.1.1.    Initial data exploration

1.1.2.    Statistical model and forecast

1.1.3.    Industry insights and validation

1.1.4.    Research scope and assumptions

1.2.    Data Sources

1.2.1.    Primary Sources

1.2.2.    Secondary Source

Chapter 2.    Executive Summary

2.1.    Precision gearbox industry 360? synopsis, 2012 – 2024

2.1.1.    Business trends

2.1.2.    Regional trends

2.1.3.    Product trends

2.1.4.    Application trends

Chapter 3.     Industry Insights

3.1.    Industry segmentation

3.2.    Industry size and forecast, 2012 – 2024

3.3.    Industry ecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distribution channel analysis

3.4.    Technology & innovation landscape

3.5.    Regulatory landscape

3.5.1.    U.S.

3.5.2.    EU

3.5.3.    China

3.6.    Precision gearbox industry impact forces

3.6.1.    Growth drivers

3.6.1.1.    Rising automation demand across wide applications

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Precision Gearbox Market Analysis, Share, Application Analysis, Regional Outlook, Competitive Strategies & Forecast by 2024

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MarketStudyReport.com offers 2018 report on global precision gearbox market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

Precision gearbox Market Research Report for the period of 2016-2024 that shows the growth of the market is rising at a 5.2% CAGR to 2024.

Growing automation demand in machine tools, food & beverage processing and tobacco industry, materials handling and packaging applications will support the industry growth. The manufacturing industry is focused towards developing gearboxes of small size and lower weights, thus driving the precision gearbox market.

Advancements in robotic systems will support precision gearbox market demand owing to its precise positioning. Moreover, increased focus towards reducing overall weight of the robot will increase the hard-plastic components demand used in the business. Customized precision gearboxes are gaining popularity to support the application-specific machine requirements. A variety of strong, compact, and cost-effective gear drives are manufactured to cope with complex designs.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/289529/

Companies are focusing towards collaboration of human and robots, also known as collaborative robots for simplified applications. Commercialization of co-bots will further support the demand for precision gearbox market over the forecast period.

Regulations governing this industry mainly pertain to efficient operation and energy consumption. The U.S. has defined regulations regarding the use of precision gearbox in ANSI standard for robotic applications. Similarly, in Europe, the CE mark on products entitles them free circulation in European Economic boundary. Growing adoption of direct drive mechanisms will hamper the precision gearbox market over the forecast timeline. It eliminates gear usage in power transmission by taking power from input shaft without any reductions, thus improving the efficiency of the mechanism.

Planetary segment accounted for more than 70% of 2015 overall industry revenue. These are niche rather than standard products which provide greater volatility in the precision gearbox industry. Parallel precision gearbox market size was over USD 200 million in 2015. The parallel gearboxes use shaft-mounted gear units on parallel axes which are ideal for use in conveyors and other material handling applications.

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Precision gearbox market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2012 to 2024, for the following segments:

By Product

Parallel

Right Angle

Planetary

By Application

Military & aerospace

Food, beverage & tobacco

Machine tools

materials handling

Packaging

Robotics

Medical.

Complete report available at – https://www.marketstudyreport.com/reports/precision-gearbox-market-size-by-product-parallel-right-angle-planetary-by-application-military-aerospace-food-beverage-tobacco-machine-tools-material-handling-packaging-robotics-medical-industry-analysis-report-regional-outlook-u-s-canada-germany-uk-france-russia-china-japan-south-korea-india-brazil-mexico-growth-potential-price-trends-competitive-market-share-forecast-2016-2024

Another report title “ United States Precision Gearbox Market Report 2018” In this report, the United States Precision Gearbox market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Read more at – https://www.marketstudyreport.com/reports/united-states-precision-gearbox-market-report-2018

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog