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Industrial Gearbox Market Share
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
Why is the demand for helical industrial gearboxes rising?
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.
What is the size of the industrial gearbox market?
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.
Why is the industrial gearbox industry booming in Europe?
Europe industrial gearbox market is anticipated to reach USD 13.2 billion by 2032, due to rising industrial automation and Industry 4.0 integration.
Who are the leading industrial gearbox market players?
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.