Market Highlights
An Industrial Gearbox is an enclosed system that transmits energy from one device to another output device. Industrial gearbox transmits the speed, torque, and other attributes to convert energy into useable form. The output shaft of a gearbox revolves at a slower rate than the input shaft. The reduction in speed provides a mechanical advantage as it increases the torque for mine hoisters, ship unloaders, cranes, and other machines within industrial operations. Some of the types of industrial gearboxes are helical, bevel, planetary, and spur.
The growth in industrial automation in Europe and rapid growth of the construction industry in developing nations are expected to drive the market for industrial gearbox during the forecast period. The global population has been growing since the past few decades and is expected to continue growing during the forecast period. The global trends of digitalization and automation in the manufacturing has further enabled the growth of the markets for industrial gearbox. Globally, Europe leads in terms of automation and technological development for manufacturing and robotics. As per the Germany Trade & Invest, an economic development agency, the automotive industry has the highest use of industrial robots in Germany. According to the Mechanical Engineering Industry Association, in the year 2017, the total robotics and automation turnover in Germany accounted for approximately USD 16.35 billion. Additionally, the yearly shipments of multipurpose industrial robots have also increased in the leading European countries. According to the Germany Trade & Invest, in the year 2016, the machinery and equipment companies invested approximately USD 6.30 billion in research and development activities in Germany. Such investments are expected to raise industrial automation in the country and in the region. Industrial gearboxes form an important aspect of industrial automation as they offer flexibility, reliability, speed, and movement in various applications, such as lifting systems, conveyors, feeder screws, and machine tools. Furthermore, countries such as India and China are substantially investing in infrastructure development and are expected to remain the highest investing countries during the forecast period. According to the India Brand Equity Foundation, India will need to invest USD 777.30 billion, approximately, in infrastructure by 2022 for sustainable development. Moreover, many commercial entities in the country are investing in developing infrastructure, which would boost the growth of the construction industry. For instance, in June 2018, the Asian Infrastructure Investment Bank (China) invested USD 200 million in the National Investment & Infrastructure Fund (India). The investments were aimed at developing infrastructure in the country. Industrial gearboxes form an important aspect of the construction industry, as they are useful in driving conveyors, crushers, plastic extruders. Such factors are expected to lead to the demand for industrial gearboxes between 2019 and 2024.
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The global market for industrial gearbox is segmented based on type, design, size (KW), torque, industry, and region. By type, the global market is segmented as helical, planetary, bevel, worm, spur, and others. By design, the global market is segmented as parallel axis, angles axis, and others. By size (KW), the global market is segmented as small (up to 55 KW) and large (above 1 MW). By torque, the global market is segmented as up to 50,000 Nm and above 50,000 Nm. By industry, the global market is segmented as industrial, wind power, material handling, construction, power generation (excluding wind power), marine, and others.
Market Research Analysis
In terms of region, the market is segmented as Europe, Asia-Pacific, North America, the Middle East & Africa, and South America. North America dominates the global industrial gearbox market. The growth in industrial automation in Europe and the rapid growth of the construction industry in developing nations are expected to drive the industrial gearbox market in the region.
Asia-Pacific is one of the largest markets for industrial gearbox market in the world. As per the International Renewable Energy Agency, in 2017, the region accounted for almost two-thirds of the global renewable generating capacity. The region’s renewable energy capacity doubled over the past five years, reaching nearly 9,168 GW in 2017. China and India had the highest contribution in the region’s total renewable energy generation capacity. In Japan, according to Bloomberg New Energy Finance, in 2017, the total new investments in clean energy in Japan was approximately USD 23.40 billion. The clean energy investment includes renewable energy segments such as solar and wind. The increasing investments in wind power and power generation through renewable sources will boost the installation of industrial gearboxes to fulfil the energy demand in Japan. As per the India Brand Equity Foundation, in 2018, the total gross value added by agriculture, forestry, and fishing was approximately USD 284.62 billion. Additionally, the Government of India (GoI) is also taking various initiatives to promote the growth of the agricultural industry. For instance, the GoI started a scheme, Transport and Marketing Assistance (TMA), to provide financial assistance to transport and marketing of agricultural products to increase agricultural exports. Industrial gearbox in agricultural equipment and machines are required to provide the required speed and torque. Various applications in which industrial gearboxes are used in the agriculture industry are grain conveyors, sprayers, and seeders Such factors are expected to increase the demand for industrial gearbox between 2019 and 2024.
Scope of the Report
This study provides an overview of the global industrial gearbox market, tracking four market segments across five geographic regions. The report studies key players, providing a four-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific, Middle East, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global industrial gearbox market by product, line type, diameter, and region.
By Type
- Planetary
- Helical
- Bevel
- Spur
- Worm
- Other
By Design
- Parallel Axis
- Angled Axis
- Others
By Size
- Small (Up to 55 KW)
- Large (Above 55 KW)
By Torque
- Up to 50,000 Nm
- Above 50,000 Nm
By Industry
- Wind Power
- Construction
- Material Handling
- Industrial
- Marine
- Power Generation (Excluding Wind Power)
- Others
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
The key industry participants of the global market for industrial gearbox include Siemens (Germany), ABB (Switzerland), Schneider Electric (France), Emerson Electric Co (US), Sew-Eurodrive (Germany), Nanjing High Speed & Accurate Gear Group Co., Ltd (China), General Electric (US), Nidec-Shimpo Corporation (US), Rexnord Corporation (US), Wikov Industry A.S. (Czech Republic), Renk AG (Germany), Zollern GmbH & Co. KG (Germany), Sumitomo Heavy Industries, Ltd (Japan), and Eickhoff Antriebstechnik GmbH (Germany).
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The reduction in speed provides a mechanical advantage as it increases the torque for mine hoisters, ship unloaders, cranes, and other machines within industrial operations.
The global population has been growing since the past few decades and is expected to continue growing during the forecast period.
Globally, Europe leads in terms of automation and technological development for manufacturing and robotics.
According to the Germany Trade & Invest, in the year 2016, the machinery and equipment companies invested approximately USD 6.30 billion in research and development activities in Germany.
For instance, in June 2018, the Asian Infrastructure Investment Bank (China) invested USD 200 million in the National Investment & Infrastructure Fund (India).
The region’s renewable energy capacity doubled over the past five years, reaching nearly 9,168 GW in 2017.
Moreover, this electricity supply generally comes only from renewable energy resources.
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In Asia-Pacific, countries such as China and India are increasingly focusing on making policies and large-scale green hydrogen projects in countries such as Australia and Japan.
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The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
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Moreover, factors such as the emergence of social media platforms and its increasing number of users are accelerating the market on the global level.Acknowledging the colossal traction that the market is garnering at present, Market Research Future (MRFR) in its recently published study analysis, asserts that the global talent management software market is poised to touch a valuation of USD 16 BN by 2027, registering a staggering double-digit CAGR of 16 % throughout the forecast period (2020 to 2027).Additional factors that are bolstering the growth of the market include the advantage that the TMS provide to HR departments in the automation of HR processes with its integrated set of applications that can meet an organization’s need to plan, attract, develop, reward, engage, and retain talent.
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Also, the emergence of complimenting mobile applications is providing impetus to the growth of the market.On the flipside, the lack of awareness towards the benefits of the talent management software and the technical incompetency among the staff of small firms are some of the factors expected to obstruct the growth of the market.However, the two most common The two most common administrative benefits that TMS can offer such as the improvement in organizational efficiency and cost savings are the major driving forces that would support the growth of the market, driving substantial investments into it.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/3943Major Key PlayersKey players leading the global talent management software market include Taleo Corporation (US), Halogen Software (Canada), Cornerstone OnDemand (US), Sumtotal Systems, Inc. (US), Kenexa (US), iCims, Inc. (US), Talentsoft (France), Skillsoft (US), Lumesse Ltd. (UK), and Saba Software (US) among others.Talent Management Software Market SegmentsFor a better understanding, the report has been segmented into five key dynamics:By Component: Solutions (Workforce Management, Learning Management, Compensation Management, Talent Acquisition, and Performance Planning) and Services (Professional, Training & Education, and Support & Maintenance.By Deployment: On-premise and On-cloud.By Organization Size: SMEs and Large EnterprisesBy Vertical: BFSI, Healthcare, Manufacturing, Retail, Media & Entertainment, Education, and Government among others.By Region: North America, Europe, Asia Pacific, and the Rest-of-the-World.Talent Management Software Market Regional AnalysisNorth America, heading with the large technological advancements, accounts for the largest share in the global talent management market.
Moreover, factors such as the increasing emergence of social media platforms and the presence of a state-of-the- art infrastructure that allows faster implementation of advanced technologies foster the growth in the regional market.
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The company has a strong geographical presence and sells its products in North America and Europe.
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