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Industrial Gearbox Market by Type (Planetary, Helical, Bevel, Spur, Worm), Design (Parallel, Angled) Industry (Wind Power, Material Handling, Construction, Metal & Mining, Cement & Aggregate, Food & Beverage), and Region - Global Forecast to 2023

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Date: 21-Sep-2018
No. of pages: 158
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“The industrial gearbox market is projected to grow at a CAGR of 4.25% from 2018 to 2023”

The industrial gearbox market is projected to grow from USD 25.91 billion in 2018 to USD 31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for industrial automation in manufacturing industries and the requirement for energy efficient transmission system are driving the growth of the industrial gearbox market. On the contrary, the slowdown of industrialization in Europe could hinder the growth of the market. The slowdown in European economies is mainly due to high labor prices, stringent environmental norms, and uncertainties over Brex it. These factors are creating challenges for the investors to develop the new manufacturing facilities in Europe, thus hampering the growth of the industrial gearbox market in that region.

“Wind Power segment is expected to be the fastest growing market of the industrial gearbox market, by industry, during the forecast period”

Wind power segment is expected to grow at the fastest rate in the industrial gearbox market during the forecast period. The growth in the wind power segment is driven by the projected wind power installations in the Asia-Pacific, North American, and European regions. The Global Wind Energy Council has projected 301.8 GW of wind power installation between 2018 and 2022. Wind turbines require large gearboxes for their operation. Thus, the wind power segment is expected to be the fastest growing market, by industry, for the industrial gearbox market.

“Helical gearbox segment is expected to be the largest market of the industrial gearbox market, by gearbox type, during the forecast period”

The helical gearbox is used in many industries such as food and beverage, baggage handling, metal& mining, material handling, and power industry. Various applications for these gearboxes include blowers & turbines, backstop, and drywell. Because of the wide range of applications of the helical gearbox, the helical gearbox market is forecast to hold the largest market share.

Asia Pacific: Key market for industrial gearbox market”

Asia Pacific is the fastest growing industrial gearbox market during the forecast period due to increasing investment in construction, material handling, wind power, metal & mining, and agriculture sectors in the region. The countries such as Japan, China, and India are investing in developing automation in different industries such as construction, material handling, and metal & mining. In addition, these countries are increasing the share of renewable power generation in their total energy mix. Wind power holds a substantial share in this renewable power generation, driving the growth of the industrial gearbox market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, industry consultants, and other experts to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:


  • By Company Type: Tier 1—13%, Tier 2—50%, Tier 3—37%

  • By Designation: C-Level—38%, D-Level—25%, Others—37%

  • By Region: North America—13%, AsiaPacific—50%, Europe—25%, RoW—12%


Note: The tier of the companies has been definedon the basis of their total revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 =Note: Others includes sales managers, marketing managers, product managers, and engineers.

The leading players in the industrial gearbox market are Siemens AG (Germany), Bonfiglioli Italia S.P.A (Italy), Bondioli & Pavesi (Italy), Sew-Eurodrive (Germany), and Dana Brevini (Italy).

Research Coverage:

The report provides a picture of the industrial gearbox market across the different industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, design, industry, and region. Furthermore, the report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.

For the purpose of this report, the market has been segmented on the basis of gearboxtype, design, industry, and region with a focus on industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the industrial gearbox marketmarket, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:


  • Product Development/Innovation: Detailed insights on upcoming technologies, research &development activities, and product launches in the industrial gearbox market

  • Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for industrial gearbox market across regions

  • Market Diversification: Exhaustive information about new products, untapped markets, recent developments, and investments in the global industrial gearbox market


Why buy this report?


  • The report identifies and addresses key markets in different industries for the implementation of industrial gearbox, which would help manufacturers review the growth in demand.

  • The report helps solution providers understand the pulse of the market and provides insights into the drivers, restraints, and challenges of the market.

  • The report will help key players understand the strategies of their competitors better and, thus, will help in the decision-making process.

Industrial Gearbox Market by Type (Planetary, Helical, Bevel, Spur, Worm), Design (Parallel, Angled) Industry (Wind Power, Material Handling, Construction, Metal & Mining, Cement & Aggregate, Food & Beverage), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Key Industry Insights
2.2.2.3 Breakdown of Primaries
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions
2.5.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Industrial Gearbox Market
4.2 Industrial Gearbox Market, By Country
4.3 Industrial Gearbox Market, By Type
4.4 Industrial Gearbox Market, By Industry
4.5 Industrial Gearbox Market, By Design
4.6 Asia Pacific Industrial Gearbox Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand for Energy Efficient Gearboxes
5.2.1.2 Growing Adoption of Industrial Automation Across Various Industries
5.2.1.3 Increasing Industrialization in Economies Such as the Middle East and Africa
5.2.2 Restraints
5.2.2.1 Slowdown of Industrialization in Europe
5.2.2.2 Technical Challenges Such as Overheating, Oil Leaks, and Excessive Noise
5.2.3 Opportunities
5.2.3.1 Increasing Installation of Gearboxes in Renewable Generation, With A Skew Towards Wind Farm Sector
5.2.4 Challenges
5.2.4.1 Availability of Substitutes Such as Variable Frequency Drives (VFDS)

6 Industrial Gearbox Market, By Type
6.1 Introduction
6.2 Helical Industrial Gearbox
6.3 Planetary Industrial Gearbox
6.4 Bevel Industrial Gearbox
6.5 Spur Industrial Gearbox
6.6 Worm Industrial Gearbox
6.7 Others (Combination Gears Such as Helical-Bevel, Planetary-Worm)

7 Industrial Gearbox Market, By Design
7.1 Introduction
7.2 Parallel Axis
7.3 Angled Axis
7.4 Others (Non-Coplanar, Non – Parallel Axis)

8 Industrial Gearbox Market, By Industry
8.1 Introduction
8.2 Wind Power
8.3 Cement & Aggregates
8.4 Chemicals, Rubber & Plastic
8.5 Construction
8.6 Food & Beverage
8.7 Marine
8.8 Material Handling (Includes Lawn & Turf, Other Conveying Equipment’s for Larger Group of Manufacturing Industries)
8.9 Metals & Mining
8.10 Power Generation (Excluding Wind Power)
8.11 Recreational Vehicle
8.12 Transportation Industry (Excluding Automotive)
8.13 Agriculture
8.14 Automotive
8.15 Others

9 Industrial Gearbox Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 By Type
9.2.2 By Design
9.2.3 By Industry
9.2.4 By Country
9.2.4.1 China
9.2.4.2 Japan
9.2.4.3 India
9.2.4.4 South Korea
9.2.4.5 Australia
9.2.4.6 Rest of Asia Pacific
9.3 North America
9.3.1 By Type
9.3.2 By Design
9.3.3 By Industry
9.3.4 By Country
9.3.4.1 Us
9.3.4.2 Canada
9.3.4.3 Mexico
9.4 Europe
9.4.1 By Type
9.4.2 By Design
9.4.3 By Industry
9.4.4 By Country
9.4.4.1 Germany
9.4.4.2 France
9.4.4.3 Italy
9.4.4.4 Uk
9.4.4.5 Russia
9.4.4.6 Rest of Europe
9.5 Middle East & Africa
9.5.1 By Type
9.5.2 By Design
9.5.3 By Industry
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.2 UAE
9.5.4.3 Qatar
9.5.4.4 South Africa
9.5.4.5 Rest of the Middle East & Africa
9.6 South America
9.6.1 By Type
9.6.2 By Industry
9.6.3 By Country
9.6.3.1 Brazil
9.6.3.2 Argentina
9.6.3.3 Rest of South America

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Situation & Trends
10.3 Ranking of Players, 2017
10.4 Competitive Scenario
10.4.1 New Product Developments
10.4.2 Investments & Expansions
10.4.3 Mergers & Acquisitions
10.4.4 Contracts & Agreements

11 Company Profiles
11.1 Company Benchmarking.
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.2 Emerson Electric Co.
11.3 Johnson Electric Holdings Limited
11.4 Siemens AG
11.5 Sumitomo Heavy Industries Ltd.
11.6 Watt Drive Weg Group.
11.7 Sew-Eurodrive
11.8 GKN Off-Highway Powertrain
11.9 ABB
11.10 Bauer Gear Motor
11.11 Bondioli & Pavesi
11.12 Dana Brevini
11.13 Bonfiglioli
11.14 Comer Industries
11.15 Elecon Engineering
11.16 China High Speed Transmission Equipment Group Co., Ltd.

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables

Table 1 Global Industrial Gearbox Market Snapshot
Table 2 Energy Regulations and Standards
Table 3 Industrial Gearbox Market Size, By Type, 2016–2023 (USD Billion)
Table 4 Helical Industrial Gearbox: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Billion)
Table 5 Planetary Industrial Gearbox: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Billion)
Table 6 Bevel Industrial Gearbox: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Billion)
Table 7 Spur Industrial Gearbox: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 8 Worm Industrial Gearbox: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 9 Others: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 10 Industrial Gearbox Market Size, By Design, 2016–2023 (USD Billion)
Table 11 Parallel Axis: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Billion)
Table 12 Angled Axis: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Billion)
Table 13 Others: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 14 Industrial Gearbox Market Size, By Industry, 2016–2023 (USD Million)
Table 15 Wind Power: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 16 Cement & Aggregates: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 17 Chemicals, Rubbers & Plastic: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 18 Construction: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 19 Food & Beverage: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 20 Marine: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 21 Material Handling: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 22 Metals & Mining: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 23 Power Generation (Excluding Wind Power): Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 24 Recreational Vehicle: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 25 Transportation Industry: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 26 Agriculture: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 27 Automotive: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 28 Others: Industrial Gearbox Market Size, By Region, 2016–2023 (USD Million)
Table 29 Industrial Gearbox Size, By Region, 2016–2023 (USD Billion)
Table 30 Asia Pacific: Industrial Gearbox Size, By Type, 2016–2023 (USD Million)
Table 31 Asia Pacific: Industrial Gearbox Size, By Design, 2016–2023 (USD Million)
Table 32 Asia Pacific: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 33 Asia Pacific: Industrial Gearbox Size, By Country, 2016–2023 (USD Million)
Table 34 China: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 35 Japan: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 36 India: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 37 South Korea: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 38 Australia: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 39 Rest of Asia Pacific: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 40 North America: Industrial Gearbox Size, By Type, 2016–2023 (USD Million)
Table 41 North America: Industrial Gearbox Size, By Design, 2016–2023 (USD Million)
Table 42 North America: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 43 North America: Industrial Gearbox Size, By Country, 2016–2023 (USD Million)
Table 44 US: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 45 Canada: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 46 Mexico: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 47 Europe: Industrial Gearbox Size, By Type, 2016–2023 (USD Million)
Table 48 Europe: Industrial Gearbox Size, By Design, 2016–2023 (USD Million)
Table 49 Europe: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 50 Europe: Industrial Gearbox Size, By Country, 2016–2023 (USD Million)
Table 51 Germany: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 52 France: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 53 Italy: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 54 UK: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 55 Russia: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 56 Rest of Europe: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Industrial Gearbox Size, By Type, 2016–2023 (USD Million)
Table 58 Middle East & Africa: Industrial Gearbox Size, By Design, 2016–2023 (USD Million)
Table 59 Middle East & Africa: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 60 Middle East & Africa: Industrial Gearbox Size, By Country, 2016–2023 (USD Million)
Table 61 Saudi Arabia: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 62 UAE: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 63 Qatar: Industrial Gearbox Size, By Industry, 2016–2023 (USD Thousand)
Table 64 South Africa: Industrial Gearbox Size, By Industry, 2016–2023 (USD Thousand)
Table 65 Rest of the Middle East & Africa: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 66 South America: Industrial Gearbox Size, By Type, 2016–2023 (USD Million)
Table 67 South America: Industrial Gearbox Size, By Design, 2016–2023 (USD Million)
Table 68 South America: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 69 South America: Industrial Gearbox Size, By Country, 2016–2023 (USD Million)
Table 70 Brazil: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 71 Argentina: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 72 Rest of South America: Industrial Gearbox Size, By Industry, 2016–2023 (USD Million)
Table 73 Bonfiglioli & Dana Brevini, the Most Active Player in the Market Between 2011 and July 2018

List of Figures

Figure 1 Industrial Gearbox Segmentation
Figure 2 Industrial Gearbox Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia Pacific Held the Largest Share in the Industrial Gearbox Market in 2017
Figure 8 Planetary Gearbox Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Wind Power Segment Dominated the Industrial Gearbox Market in 2017
Figure 10 Parallel Axis Segment is Expected to Dominate the Industrial Gearbox Market From 2018 to 2023
Figure 11 Attractive Opportunities in the Industrial Gearbox Market, 2018–2023
Figure 12 India is Expected to Grow at the Fastest Rate in the Asia Pacific Industrial Gearbox Market During the Forecast Period
Figure 13 Helical Gearbox Segment is Expected to Dominate the Industrial Gearbox Market During the Forecast Period
Figure 14 Wind Power Segment is Estimated to Grow at the Fastest Rate During the Forecast Period
Figure 15 Angled Axis Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 16 China Accounted for the Largest Share of the Asia Pacific Industrial Gearbox Market in 2017
Figure 17 Drivers, Restraints, Opportunities, and Challenges
Figure 18 Helical Industrial Gearbox Segment is Expected to Be the Prominent Market With the Maximum Market Share During the Forecast Period
Figure 19 Parallel Axis Segment is Expected to Be the Prominent Market With the Maximum Market Share During the Forecast Period
Figure 20 Wind Power Segment is Expected to Dominate the Industrial Gearbox Market With the Maximum Market Share During the Forecast Period
Figure 21 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Industrial Gearbox Market in 2017
Figure 23 Asia Pacific: Market Snapshot
Figure 24 North America: Market Snapshot
Figure 25 New Product Development is the Most Widely Adopted Development Strategy Between, 2011 and July 2018
Figure 26 Ranking of Key Players in Industrial Gearbox Market in 2017
Figure 27 Emerson Electric: Company Snapshot
Figure 28 Johnson Electric Holdings Limited: Company Snapshot
Figure 29 Siemens AG: Company Snapshot
Figure 30 Sumitomo Heavy Industries Ltd.: Company Snapshot
Figure 31 GKN Off-Highway Powertrain: Company Snapshot
Figure 32 ABB: Company Snapshot
Figure 33 Dana Group: Company Snapshot
Figure 34 Bonfiglioli: Company Snapshot
Figure 35 Comer Industries: Company Snapshot
Figure 36 Elecon Engineering: Company Snapshot
Figure 37 China High Speed Transmission Equipment Group: Company Snapshot

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