1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.2 SECONDARY DATA 19
2.2.1 KEY DATA FROM SECONDARY SOURCES 19
2.2.2 PRIMARY DATA 20
2.2.2.1 Key data from primary sources 20
2.2.2.2 Key industry insights 21
2.2.2.3 Breakdown of primaries 21
2.3 MARKET SIZE ESTIMATION 22
2.3.1 BOTTOM-UP APPROACH 22
2.3.2 TOP-DOWN APPROACH 23
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.5 RESEARCH ASSUMPTIONS 25
2.5.1 ASSUMPTIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN THE INDUSTRIAL GEARBOX MARKET 31
4.2 INDUSTRIAL GEARBOX MARKET, BY COUNTRY 32
4.3 INDUSTRIAL GEARBOX MARKET, BY TYPE 32
4.4 INDUSTRIAL GEARBOX MARKET, BY INDUSTRY 33
4.5 INDUSTRIAL GEARBOX MARKET, BY DESIGN 34
4.6 ASIA PACIFIC INDUSTRIAL GEARBOX MARKET 35

5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 High demand for energy efficient gearboxes 37
5.2.1.2 Growing adoption of industrial automation across various industries 38
5.2.1.3 Increasing industrialization in economies such as the Middle East and Africa 38
5.2.2 RESTRAINTS 38
5.2.2.1 Slowdown of industrialization in Europe 38
5.2.2.2 Technical challenges such as overheating, oil leaks, and
excessive noise 38
5.2.3 OPPORTUNITIES 39
5.2.3.1 Increasing installation of gearboxes in renewable generation,
with a skew towards wind farm sector 39
5.2.4 CHALLENGES 39
5.2.4.1 Availability of substitutes such as variable frequency drives (VFDs) 39

6 INDUSTRIAL GEARBOX MARKET, BY TYPE 40
6.1 INTRODUCTION 41
6.2 HELICAL INDUSTRIAL GEARBOX 42
6.3 PLANETARY INDUSTRIAL GEARBOX 43
6.4 BEVEL INDUSTRIAL GEARBOX 44
6.5 SPUR INDUSTRIAL GEARBOX 45
6.6 WORM INDUSTRIAL GEARBOX 46
6.7 OTHERS (COMBINATION GEARS SUCH AS HELICAL-BEVEL, PLANETARY-WORM) 47

7 INDUSTRIAL GEARBOX MARKET, BY DESIGN 48
7.1 INTRODUCTION 49
7.2 PARALLEL AXIS 50
7.3 ANGLED AXIS 51
7.4 OTHERS (NON-COPLANAR, NON - PARALLEL AXIS) 51

8 INDUSTRIAL GEARBOX MARKET, BY INDUSTRY 52
8.1 INTRODUCTION 53
8.2 WIND POWER 55
8.3 CEMENT & AGGREGATES 56
8.4 CHEMICALS, RUBBER & PLASTIC 57
8.5 CONSTRUCTION 58
8.6 FOOD & BEVERAGE 59
8.7 MARINE 60
8.8 MATERIAL HANDLING (INCLUDES LAWN & TURF, OTHER CONVEYING EQUIPMENT'S FOR LARGER GROUP OF MANUFACTURING INDUSTRIES) 61
8.9 METALS & MINING 62
8.10 POWER GENERATION (EXCLUDING WIND POWER) 63
8.11 RECREATIONAL VEHICLE 64
8.12 TRANSPORTATION INDUSTRY (EXCLUDING AUTOMOTIVE) 65
8.13 AGRICULTURE 66
8.14 AUTOMOTIVE 67
8.15 OTHERS 68

9 INDUSTRIAL GEARBOX MARKET, BY REGION 69
9.1 INTRODUCTION 70
9.2 ASIA PACIFIC 71
9.2.1 BY TYPE 73
9.2.2 BY DESIGN 73
9.2.3 BY INDUSTRY 74
9.2.4 BY COUNTRY 75
9.2.4.1 China 75
9.2.4.2 Japan 77
9.2.4.3 India 78
9.2.4.4 South Korea 79
9.2.4.5 Australia 80
9.2.4.6 Rest of Asia Pacific 81
9.3 NORTH AMERICA 82
9.3.1 BY TYPE 84
9.3.2 BY DESIGN 84
9.3.3 BY INDUSTRY 85
9.3.4 BY COUNTRY 85
9.3.4.1 US 86
9.3.4.2 Canada 87
9.3.4.3 Mexico 88
9.4 EUROPE 89
9.4.1 BY TYPE 89
9.4.2 BY DESIGN 90
9.4.3 BY INDUSTRY 90
9.4.4 BY COUNTRY 91
9.4.4.1 Germany 91
9.4.4.2 France 93
9.4.4.3 Italy 94
9.4.4.4 UK 95
9.4.4.5 Russia 96
9.4.4.6 Rest of Europe 97
9.5 MIDDLE EAST & AFRICA 98
9.5.1 BY TYPE 98
9.5.2 BY DESIGN 98
9.5.3 BY INDUSTRY 99
9.5.4 BY COUNTRY 100
9.5.4.1 Saudi Arabia 100
9.5.4.2 UAE 101
9.5.4.3 Qatar 102
9.5.4.4 South Africa 104
9.5.4.5 Rest of the Middle East & Africa 105
9.6 SOUTH AMERICA 106
9.6.1 BY TYPE 106
9.6.2 BY INDUSTRY 107
9.6.3 BY COUNTRY 107
9.6.3.1 Brazil 108
9.6.3.2 Argentina 109
9.6.3.3 Rest of South America 110

10 COMPETITIVE LANDSCAPE 111
10.1 INTRODUCTION 111
10.2 COMPETITIVE SITUATION & TRENDS 113
10.3 RANKING OF PLAYERS, 2017 114
10.4 COMPETITIVE SCENARIO 115
10.4.1 NEW PRODUCT DEVELOPMENTS 116
10.4.2 INVESTMENTS & EXPANSIONS 116
10.4.3 MERGERS & ACQUISITIONS 117
10.4.4 CONTRACTS & AGREEMENTS 117

11 COMPANY PROFILES 118
11.1 COMPANY BENCHMARKING. 118
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.2 EMERSON ELECTRIC CO. 119
11.3 JOHNSON ELECTRIC HOLDINGS LIMITED 121
11.4 SIEMENS AG 123
11.5 SUMITOMO HEAVY INDUSTRIES LTD. 126
11.6 WATT DRIVE WEG GROUP. 129
11.7 SEW-EURODRIVE 131
11.8 GKN OFF-HIGHWAY POWERTRAIN 132
11.9 ABB 133
11.10 BAUER GEAR MOTOR 135
11.11 BONDIOLI & PAVESI 136
11.12 DANA BREVINI 137
11.13 BONFIGLIOLI 141
11.14 COMER INDUSTRIES 144
11.15 ELECON ENGINEERING 146
11.16 CHINA HIGH SPEED TRANSMISSION EQUIPMENT GROUP CO., LTD. 148
*Business Overview, Products Offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

12 APPENDIX 151
12.1 INSIGHTS OF INDUSTRY EXPERTS 151
12.2 DISCUSSION GUIDE 152
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 155
12.4 AVAILABLE CUSTOMIZATIONS 157
12.5 RELATED REPORTS 157
12.6 AUTHOR DETAILS 158

LIST OF TABLES
TABLE 1 GLOBAL INDUSTRIAL GEARBOX MARKET SNAPSHOT 27
TABLE 2 ENERGY REGULATIONS AND STANDARDS 37
TABLE 3 INDUSTRIAL GEARBOX MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION) 42
TABLE 4 HELICAL INDUSTRIAL GEARBOX: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD BILLION) 42
TABLE 5 PLANETARY INDUSTRIAL GEARBOX: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD BILLION) 43
TABLE 6 BEVEL INDUSTRIAL GEARBOX: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD BILLION) 44
TABLE 7 SPUR INDUSTRIAL GEARBOX: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 45
TABLE 8 WORM INDUSTRIAL GEARBOX: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 46
TABLE 9 OTHERS: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 47
TABLE 10 INDUSTRIAL GEARBOX MARKET SIZE, BY DESIGN, 2016-2023 (USD BILLION) 50
TABLE 11 PARALLEL AXIS: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD BILLION) 50
TABLE 12 ANGLED AXIS: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD BILLION) 51
TABLE 13 OTHERS: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 51
TABLE 14 INDUSTRIAL GEARBOX MARKET SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 54
TABLE 15 WIND POWER: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 55
TABLE 16 CEMENT & AGGREGATES: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 56
TABLE 17 CHEMICALS, RUBBERS & PLASTIC: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 57
TABLE 18 CONSTRUCTION: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 58
TABLE 19 FOOD & BEVERAGE: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 59
TABLE 20 MARINE: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 60
TABLE 21 MATERIAL HANDLING: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 61
TABLE 22 METALS & MINING: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 62
TABLE 23 POWER GENERATION (EXCLUDING WIND POWER): INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 63
TABLE 24 RECREATIONAL VEHICLE: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 64
TABLE 25 TRANSPORTATION INDUSTRY: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 65
TABLE 26 AGRICULTURE: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 66
TABLE 27 AUTOMOTIVE: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 67
TABLE 28 OTHERS: INDUSTRIAL GEARBOX MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 68
TABLE 29 INDUSTRIAL GEARBOX SIZE, BY REGION, 2016-2023 (USD BILLION) 71
TABLE 30 ASIA PACIFIC: INDUSTRIAL GEARBOX SIZE, BY TYPE, 2016-2023 (USD MILLION) 73
TABLE 31 ASIA PACIFIC: INDUSTRIAL GEARBOX SIZE, BY DESIGN, 2016-2023 (USD MILLION) 73
TABLE 32 ASIA PACIFIC: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 74
TABLE 33 ASIA PACIFIC: INDUSTRIAL GEARBOX SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 75
TABLE 34 CHINA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 76
TABLE 35 JAPAN: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 77
TABLE 36 INDIA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 78
TABLE 37 SOUTH KOREA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 79
TABLE 38 AUSTRALIA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 80
TABLE 39 REST OF ASIA PACIFIC: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 81
TABLE 40 NORTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY TYPE, 2016-2023 (USD MILLION) 84
TABLE 41 NORTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY DESIGN, 2016-2023 (USD MILLION) 84
TABLE 42 NORTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 85
TABLE 43 NORTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 85
TABLE 44 US: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 86
TABLE 45 CANADA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 87
TABLE 46 MEXICO: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 88
TABLE 47 EUROPE: INDUSTRIAL GEARBOX SIZE, BY TYPE, 2016-2023 (USD MILLION) 89
TABLE 48 EUROPE: INDUSTRIAL GEARBOX SIZE, BY DESIGN, 2016-2023 (USD MILLION) 90
TABLE 49 EUROPE: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 90
TABLE 50 EUROPE: INDUSTRIAL GEARBOX SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 91
TABLE 51 GERMANY: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 92
TABLE 52 FRANCE: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 93
TABLE 53 ITALY: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 94
TABLE 54 UK: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 95
TABLE 55 RUSSIA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 96
TABLE 56 REST OF EUROPE: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 97
TABLE 57 MIDDLE EAST & AFRICA: INDUSTRIAL GEARBOX SIZE, BY TYPE, 2016-2023 (USD MILLION) 98
TABLE 58 MIDDLE EAST & AFRICA: INDUSTRIAL GEARBOX SIZE, BY DESIGN, 2016-2023 (USD MILLION) 98
TABLE 59 MIDDLE EAST & AFRICA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 99
TABLE 60 MIDDLE EAST & AFRICA: INDUSTRIAL GEARBOX SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 100
TABLE 61 SAUDI ARABIA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 101
TABLE 62 UAE: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 102
TABLE 63 QATAR: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD THOUSAND) 103
TABLE 64 SOUTH AFRICA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD THOUSAND) 104
TABLE 65 REST OF THE MIDDLE EAST & AFRICA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 105
TABLE 66 SOUTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY TYPE, 2016-2023 (USD MILLION) 106
TABLE 67 SOUTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY DESIGN, 2016-2023 (USD MILLION) 106
TABLE 68 SOUTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 107
TABLE 69 SOUTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 107
TABLE 70 BRAZIL: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 108
TABLE 71 ARGENTINA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 109
TABLE 72 REST OF SOUTH AMERICA: INDUSTRIAL GEARBOX SIZE, BY INDUSTRY, 2016-2023 (USD MILLION) 110
TABLE 73 BONFIGLIOLI & DANA BREVINI, THE MOST ACTIVE PLAYER IN THE MARKET BETWEEN 2011 AND JULY 2018 115

LIST OF FIGURES
FIGURE 1 INDUSTRIAL GEARBOX SEGMENTATION 16
FIGURE 2 INDUSTRIAL GEARBOX MARKET: RESEARCH DESIGN 18
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 21
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 6 DATA TRIANGULATION METHODOLOGY 24
FIGURE 7 ASIA PACIFIC HELD THE LARGEST SHARE IN THE INDUSTRIAL GEARBOX MARKET IN 2017 28
FIGURE 8 PLANETARY GEARBOX SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 29
FIGURE 9 WIND POWER SEGMENT DOMINATED THE INDUSTRIAL GEARBOX MARKET IN 2017 29
FIGURE 10 PARALLEL AXIS SEGMENT IS EXPECTED TO DOMINATE THE INDUSTRIAL GEARBOX MARKET FROM 2018 TO 2023 30
FIGURE 11 ATTRACTIVE OPPORTUNITIES IN THE INDUSTRIAL GEARBOX MARKET, 2018-2023 31
FIGURE 12 INDIA IS EXPECTED TO GROW AT THE FASTEST RATE IN THE ASIA PACIFIC INDUSTRIAL GEARBOX MARKET DURING THE FORECAST PERIOD 32
FIGURE 13 HELICAL GEARBOX SEGMENT IS EXPECTED TO DOMINATE THE INDUSTRIAL GEARBOX MARKET DURING THE FORECAST PERIOD 32
FIGURE 14 WIND POWER SEGMENT IS ESTIMATED TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD 33
FIGURE 15 ANGLED AXIS SEGMENT IS EXPECTED TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD 34
FIGURE 16 CHINA ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC INDUSTRIAL GEARBOX MARKET IN 2017 35
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 36
FIGURE 18 HELICAL INDUSTRIAL GEARBOX SEGMENT IS EXPECTED TO BE THE PROMINENT MARKET WITH THE MAXIMUM MARKET SHARE DURING THE FORECAST PERIOD 41
FIGURE 19 PARALLEL AXIS SEGMENT IS EXPECTED TO BE THE PROMINENT MARKET WITH THE MAXIMUM MARKET SHARE DURING THE FORECAST PERIOD 49
FIGURE 20 WIND POWER SEGMENT IS EXPECTED TO DOMINATE THE INDUSTRIAL GEARBOX MARKET WITH THE MAXIMUM MARKET SHARE DURING THE FORECAST PERIOD 53
FIGURE 21 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 70
FIGURE 22 INDUSTRIAL GEARBOX MARKET IN 2017 70
FIGURE 23 ASIA PACIFIC: MARKET SNAPSHOT 72
FIGURE 24 NORTH AMERICA: MARKET SNAPSHOT 83
FIGURE 25 NEW PRODUCT DEVELOPMENT IS THE MOST WIDELY ADOPTED DEVELOPMENT STRATEGY BETWEEN, 2011 AND JULY 2018 112
FIGURE 26 RANKING OF KEY PLAYERS IN INDUSTRIAL GEARBOX MARKET IN 2017 114
FIGURE 27 EMERSON ELECTRIC: COMPANY SNAPSHOT 119
FIGURE 28 JOHNSON ELECTRIC HOLDINGS LIMITED: COMPANY SNAPSHOT 121
FIGURE 29 SIEMENS AG: COMPANY SNAPSHOT 123
FIGURE 30 SUMITOMO HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT 126
FIGURE 31 GKN OFF-HIGHWAY POWERTRAIN: COMPANY SNAPSHOT 132
FIGURE 32 ABB: COMPANY SNAPSHOT 133
FIGURE 33 DANA GROUP: COMPANY SNAPSHOT 137
FIGURE 34 BONFIGLIOLI: COMPANY SNAPSHOT 141
FIGURE 35 COMER INDUSTRIES: COMPANY SNAPSHOT 144
FIGURE 36 ELECON ENGINEERING: COMPANY SNAPSHOT 146
FIGURE 37 CHINA HIGH SPEED TRANSMISSION EQUIPMENT GROUP: COMPANY SNAPSHOT 148