(EMAILWIRE.COM, August 03, 2018 ) Market Overview:-

Global Precision Gearbox Market is projected to be valued at around USD 3 billion by 2024. These machines are designed to withstand high tolerances offering efficiencies of 90% and above and are used for speed reduction to provide high torque multiplication. Precision gearboxes are preferred by designer as they have smaller components, utilizes less space and saves cost.

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Emerging applications such as robotics is expected to create substantial demand for precision gearboxes as robots require highly precise movements which can be fulfilled by these products. However, the presence of substitute products such as direct drive systems pose a significant challenge and may hamper the overall precision gearbox market share. These products eliminate the use of gears and significantly reduce the complexity, weight and increase the efficiency without incurring any energy losses.

Top Key Players:-

The key players of global Precision Gearbox Market are Siemens, SEW Eurodrive, Brevini, ABB, Bonfiglioli, Emerson, Rexnord, Cone Drive Operations, Curtis Machine Company, David Brown Engineering, Horsburgh & Scott.

Regional Segmentations:-

North America, mainly led by the U.S. precision gearbox market, captured over 20% of the revenue in the year 2015, due to rise in manufacturing plants in the region.

The APAC Market will witness growth on account of increasing automation and adoption of operational efficient machinery.

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Major Points of Table Of Content:-

5. Precision Gearbox Market, By Application

5.1. Global precision gearbox market share by application, 2015 & 2024

5.2. Military & Aerospace

5.2.1. Military & aerospace precision gearbox market, by region, 2012-2024

5.3. Food, Beverage & Tobacco

5.3.1. Food, beverage & tobacco precision gearbox market, by region, 2012-2024

5.4. Machine Tools

5.4.1. Machine Tools precision gearbox market, by region, 2012-2024

5.5. Materials Handling

5.5.1. Materials handling precision gearbox market, by region, 2012-2024

5.6. Packaging

5.6.1. Packaging precision gearbox market, by region, 2012-2024

5.7. Robotics

5.7.1. Robotics precision gearbox market, by region, 2012-2024

5.8. Medical

5.8.1. Medical precision gearbox market, by region, 2012-2024

5.9. Others (Rubber & Plastics, Woodworking)

5.9.1. Others precision gearbox market, by region, 2012-2024

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On the basis of product, the industry can be segregated into parallel, planetary and right-angle products. Planetary precision gearbox market accounted for over 70% of the revenue as of 2015. Right angle gearboxes are gaining popularity owing to benefits such as greater flexibility, less space occupancy. These products are preferred for their use in angular arrangement between the output shaft and the drive.

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