Precision Gearbox Market 2019
Precision gearboxes are designed to offer higher efficacy and possess greater tolerance than conventional gearboxes. It is used to reduce gear speed that results in torque multiplication. Gearbox designers are likely to favor precision gears over servo motors, as they contain smaller components, which aid in saving space and cutting down cost. Applications that require less speed, precision gearboxes are used because of its ability to supply high torque. Transportation of goods on conveyor belts, the packaging and the manufacturing industries, fluid injection, and precise turning are some high end-users of precision gear box. These advantages and utilities of precision gear box are likely to contribute to the profound growth of its market. The emergence of 3D modelling and high energy savings are other market drivers.
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Market Key Players
SEW Eurodrive, Siemens, Rexnord, Bonfiglioli, Cone Drive Operations, Curtis Machine Company, Brevini Power Transmission, Emerson, ABB, David Brown Engineering, Horsburgh & Scott, and Oerlikon Graziano Drive Systems are reputed players of the global precision gearbox market. The market is noted to be demand driven. The demand for smart automobiles is surging. In order to meet the rising standards, manufacturers are noted encouraging innovations that will provide better services to people. The competition among companies to provide best services is expected to favor market.
Segmental Outline
By product, the market has been studied in segments that are Parallel, Right Angle, Planetary. The planetary segmented is expected to contribute significantly to the expansion of the market. By end users, the market has been studied in segments that are machine tools, packaging, robotics, materials handling, military & aerospace, food, beverage & tobacco, medical, and others. The others segment include rubber & plastics, and woodworking. The global market is likely to be influenced by the machine tool segment, followed by robotics segment.
Detailed Regional Analysis
By region, the precision gearbox market has been studied across the span of Middle East Asia and Africa, South America, North America, Asia Pacific, and Europe. The market in the United States, followed by Canada and Mexico, are likely to show the fast-paced expansion in the coming years due to increase in demand for intelligent automobiles among people. The countries where the market has been studied under Europe are Germany, Italy, the United Kingdom, Spain, France, and Russia. Hefty investment and some cases, funding, by both government and private organization for research and development for modification of designs of precision gearbox is likely to surge the Europe market. The Asia Pacific market growth has been monitored in countries India, Australia, China, Japan, Korea, and Southeast Asia. The APAC market is likely to register remarkable growth due to escalation in sales of smart automobiles. The market in South America has been studied for Colombia, Argentina, and Brazil. The market in Middle East and Africa has been analysed for regions GCC Countries, Egypt, South Africa, Turkey, and Israel.
Industry Update
September 2019
Gear Motions, a leading manufacturer of precision gear, introduced non-back driveable Gearbox Technology.
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