Precision Gearbox Market

Precision Gearbox Market: Introduction

Precision gearbox is a mechanical device that is used to increase or decrease torque by changing speed under specific limits and comprises two or more gears, where one of the gears on input shaft is driven by motor, which drives the lay shaft in order to rotate gears on the main shaft for its functioning. Precision gearboxes are used extensively in aircraft, spacecraft, and land-based defense vehicles & systems owing to their high precision, efficiency, power density, and tolerance. A precision gearbox reduces the reflected inertia by the square of the reduction ratio. Precision gearboxes can be used to meet a wide range of automation challenges. They are carefully machined to high tolerances and offer power densities that converts to small package size and efficiencies of 90% and greater.

Key Drivers of the Precision Gearbox Market

Adoption of new technologies to improve energy efficiency in the manufacturing industry is anticipated to drive the demand for precision gearboxes. Innovations in miniature gears have enabled companies to manufacture highly precise, lightweight, and small aluminum housing gears. These gear are used in applications which require low backlash and higher transmission accuracy. Rise in demand for processes such as precise turning, transporting products on conveyor belts, fluid injections, and variable acceleration in bottling and packaging plants is projected to drive the growth of the precision gearbox market during the forecast timeline.

Advanced optimization and improvement creating opportunities in the precision gearbox market

Companies are focusing on utilizing the joint efforts of robots and humans. In effect, a line of niche-specific machines called collaborative robots have been developed for amplifying the overall productivity in manufacturing companies. ‘Co-bots’ as they are called, assist workers to manage heavy work such as lifting components or loading complex machines. The rising popularity of Co-bots in precise manufacturing will prompt companies to invest in their design and development, thereby propelling the global precision gearbox market, which is likely to hit record-high revenue worth billions. These factors create new opportunities for the product in the market.

Restraints of the Precision Gearbox Market

Gear reducers can be complex machines that use the science of gearing and mechanical advantage to run thousands of complex operations in different industries. Gearbox manufacturers have styled a variety of gearboxes in multitudes of different configurations and gear ratios. But some factors can create hurdles in the proper functioning of the gearbox such as poor lubrication, misalignment, and overloading. When failures occur, it is critical to understand how to repair the failed units and also to prevent future failures to keep production up and running. Such factors create hurdles and can hamper the growth of the precision gearbox market.

Asia Pacific the dominant market

China and Japan are the largest precision gearbox markets. Growth of the manufacturing sector and advent of automation in China, Japan, South Korea, and India are key factors influencing this dominance. Manufacturing facilities employ precision gearboxes in various applications such as robotic welding machines, machine tools, and material handling equipment.

Key Players Operating in the Global Market

Companies are working on product innovation and development to expand their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.

Some of the major companies identified in the precision gearbox market are:

• SEW Eurodrive
• Siemens
• Brevini
• Transprecision Gears Pvt. Ltd.
• Nidec-Shimpo Corporation
• Melior Motion
• Apex Dynamics Inc.
• Nabtesco

Precision Gearbox Market: Research Scope

Precision Gearbox Market, by Type

• Planetary Gearbox
• Worm Gearbox
• Helical Gearbox
• Bevel Gearbox
• Spiral Bevel Gearboxes
• Others (Flange Gearboxes, hypoid gearboxes etc.)

Precision Gearbox Market, by Shaft Orientation

• Coaxial
• Right angled
• Parallel Shift

Precision Gearbox Market, by Application

• Military & aerospace
• Machine tools
• Food, beverages, & tobacco
• Packaging
• Others (Material Handling, Robotics etc.)

Precision Gearbox Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America

The report on the precision gearbox market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.