Global Industrial Gearbox Market to Reach $66.6 Billion by 2030
The global market for Industrial Gearbox estimated at US$46.6 Billion in the year 2022, is projected to reach a revised size of US$66.6 Billion by 2030, growing at a CAGR of 4.6% over the period 2022-2030. Helical, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$24.6 Billion by the end of the analysis period. Growth in the Planetary segment is estimated at 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.4 Billion, While China is Forecast to Grow at 6.1% CAGR
The Industrial Gearbox market in the U.S. is estimated at US$9.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.1 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Select Competitors (Total 176 Featured)
- ABB Group
- Bauer Gear Motor GmbH
- Bondioli & Pavesi S.p.A.
- Bonfiglioli Italia S.p.A.
- China High Speed Transmission Equipment Group Co.,Ltd.
- Dana Brevini Power Transmission
- Elecon Engineering Company Limited
- Emerson Electric Company
- Esenpro Power Transmission Pvt Ltd.
- Flender International GmbH
- Getriebebau NORD GmbH & Co. KG
- Johnson Electric Holdings Limited
- Lenze SE
- Nidec Motor Corporation.
- Siemens AG
- Sumitomo Heavy Industries Gearbox Co., Ltd.
- The Timken Company
- ZOLLERN GmbH & Co. KG