Industrial Gearbox Market 2016 Size, Share, Trend, Growth, Research, Industry Analysis and Forecast to 2020 by Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 02/19/2016 -- About industrial gearbox
Gearbox is a mechanical method to transfer energy from one device to another. It is located at the junction of power shaft and motor, and is commonly used for creating right angle change in direction. It is classified into precision and standard. Gearboxes mainly differ based on the construction and arrangement of the gears. Operational characteristics of gearboxes significantly differ based on these configurations.
Global industrial gearbox market to grow at a CAGR of 5.41% over the period 2014-2019.
The need for enhanced vehicle performance has increased along with customers' changing requirements, fueling the demand for efficient gearboxes. In addition, advances in manual and automatic transmission systems have boosted the demand for gearboxes.
"Vendors in this market are increasingly focusing on vertical integration, as it helps them bridge the demand-supply gap, control the supply of essential parts and raw materials, and avoid component shortages,".
"For instance, ZF has ventured into the wind energy segment as a gearbox supplier by acquiring Bosch Rexroth's industrial gear and wind turbine gearbox segments in May 2015."
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Covered in this report
The report includes the present scenario and the growth prospects of the global industrial gearbox market for the period 2015-2019.
Global Industrial Gearbox Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global industrial gearbox market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
- Emersion Electric
- SEW Eurodrive
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Other prominent vendors
- Brevini Power Transmission
- Cone Drive Operations
- Curtis Machine Company
- David Brown Engineering
- Horsburgh & Scott
- Oerlikon Graziano Drive Systems
Key Market Drivers
Growth in the automotive transmission market
Growing need for wind turbine and turbine gearboxes in the thermal power plant market
Rising demand for mining equipment
Focus on mechanization in the agriculture sector
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Key Market Trends
Demand for turnkey solutions
Focus on vertical integration
Emergence of multi-speed gearboxes
Key Market Vendors