Albany, NY -- (SBWIRE) -- 12/15/2016 -- The report, titled "Global Off-The-Shelf Gearbox And Drives Market 2016-2020" provides a comprehensive overview of the global off-the-shelf gearbox and studies in detail the factors supporting its growth. The report also lists down the restraints that will hamper the market's trajectory during the forecast period. Compiled with the intent of updating the market participants about the prevailing dynamics, the report comprises exhaustive information covering projections regarding threats and opportunities that these companies are likely to witness over the course of the forecast period.

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The rising demand for automation across industries has bolstered the use of industrial robots, which in turn has created lucrative prospects for the global off-the-shelf gearbox and drives market. With accuracy and cost reduction emerging as major concerns, an increasing number of industries such as pharmaceutical, food and beverages, and automobile are deploying industrial robots to boost automation. The technology has been assisting in industrial activities such as material handling, machine tending, logistics, forging, and foundry.

Robots used across industries are in-built with a number of links and joints, and are controlled by drive systems enabling them perform several precise, tedious, and repetitive tasks. To perform activities with precision for a long time, robots require mechanical transmission systems, which is the key factor fuelling the demand for off-the-shelf gearbox and drives. These devices ensure appropriate torque and speed. The technology therefore ensures accuracy in the movement of robots and provides better strength control.

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Regionally, the global off-the-shelf gearbox and drives market is led by APAC. The region is expected to remain the major revenue contributor for the market for the next many years. The dominance of the region is primarily due to the rising number of greenfield projects witnessed therein. The APAC market is also gaining from the increasing focus of industries to replace traditional equipment with advanced technology and machinery. Countries such as Japan, India, China, South Korea, and Taiwan will exhibit the highest demand for off-the-shelf gearbox and drives in APAC. Rapid industrialization witnessed across these countries will thus give significant impetus to the APAC market for off-the-shelf gearbox and drives.

Besides providing exhaustive information pertaining to the growth drivers and restraints, the report also presents a detailed assessment of the market's vendor landscape. Companies such as Sumitomo Drive Technologies, Bonfiglioli, Timken, David Brown Engineering, and Renold are identified as the key vendors in the global off-the-shelf gearbox and drives market. Other leading participants profiled in the report are Befared, IGWA, ABB, STOBER, Hansen, SEW-EURODRIVE, AOKMAN, Turner Uni-Drive, and Involute.

As per the report, the well established companies are projected maintain dominance in the global market. In order to gain competitive edge, vendors are focusing on product differentiation and improving their product quality.

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