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Precision Gearbox Market Share

Report ID: GMI255
Published Date: Sep 2024
Report Format: PDF

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Precision Gearbox Market Share

Global Precision Gearbox Market Company Market Share Analysis, 2023

The precision gearbox industry is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 15%-20% of the total market. Major companies focus on providing highly customized solutions tailored to the specific needs of their clients. This specialization allows smaller regional players to compete effectively with larger, global firms. In many regions, local companies have developed strong expertise in manufacturing precision gearboxes that meet the specific requirements of their regional markets.

Precision Gearbox Market Companies

Major players operating in the precision gearbox industry are:

Nabtesco Corporation
Harmonic Drive LLC
SEW-EURODRIVE GmbH & Co KG
Wittenstein SE
Sumitomo Drive Technologies
Apex Dynamics
Siemens AG
Bonfiglioli Riduttori S.p.A.
ZF Friedrichshafen AG
Neugart GmbH
Brevini
David Brown Santasalo
GAM Enterprises, Inc.
Stober Drives Inc.
ElectroCraft, Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of precision gearbox was worth over USD 2.36 billion in 2023 and is expected to register 5.4% CAGR from 2024 to 2032, due to the advancements in automation and robotics, along with the increasing demand for precision in various industrial applications worldwide.

Precision gearbox industry from the planetary gearboxes segment is expected to register 5.8% CAGR from 2024 to 2032, due to their compact design, which allows them to deliver high torque in a small form factor.

Asia Pacific precision gearbox industry and is expected to register 5.2% CAGR from 2024 to 2032, due to rapid pace of urbanization and infrastructure development in the region.

Sumitomo Drive Technologies, Apex Dynamics, Siemens AG, Bonfiglioli Riduttori S.p.A., ZF Friedrichshafen AG, Neugart GmbH, Brevini, David Brown Santasalo, GAM Enterprises, Inc., Stober Drives Inc., and ElectroCraft, Inc., are some of the major precision gearbox companies worldwide.