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Industrial Gearbox Market Share

Report ID: GMI10208
Published Date: Jul 2024
Report Format: PDF

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Industrial Gearbox Market Share

Global Industrial Gearbox Market Company Market Share Analysis, 2023

Key players involve in the industrial gearbox industry are Bonfiglioli S.P.A., Flender, Nippon Gear Co., Ltd., Schaeffler Group, and Sumitomo Heavy Industries, Ltd accounting market share of 15-20% in 2023. The industrial gearbox industry is highly competitive, with manufacturers competing for market share via innovation, price strategies, and customer service. The growth rate of end-user sectors, such as manufacturing, renewable energy, and construction, impacts on the level of competition among manufacturers. Manufacturers set themselves apart by product innovation, customized capabilities, dependability, service quality, and brand reputation. Offering customized gearbox solutions tailored to specific customer needs and industry applications provides a competitive edge.

Industrial Gearbox Market Companies

Major companies operating in the industrial gearbox industry include:

Abex Corporation Co., LTD.
Bonfiglioli S.P.A.
Davall Gears
Elecon Engineering Company Limited
Flender
HJ Corporation
ISHIBASHI Manufacturing Co., Ltd.
Kissling AG
Nippon Gear Co., Ltd.
Premium Transmission
Schaeffler Group
STÖBER Antriebstechnik GmbH + Co. KG.
Sumitomo Heavy Industries, Ltd
WM Berg Inc.
ZF Friedrichshafen AG

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of industrial gearbox was reached USD 29.5 billion in 2023 and is anticipated to register 4.5% CAGR between 2024 and 2032, due to the rise of industrial automation across various sectors and advancement in gearbox technology.

The helical segment in the industrial gearbox market is expected to cross USD 15 billion by 2032, due to its compact, energy-efficient design suitable for heavy-duty industrial uses.

Europe industrial gearbox market is anticipated to reach USD 13.2 billion by 2032, due to rising industrial automation and Industry 4.0 integration.

Abex Corporation Co., LTD., Bonfiglioli S.P.A., Davall Gears, Elecon Engineering Company Limited, Flender, HJ Corporation, ISHIBASHI Manufacturing Co., Ltd., Kissling AG, Nippon Gear Co., Ltd., and Premium Transmission, among others.