Precision Gearbox Estimated to Discern 2X Expansion by 2019-2027

Press Release

Precision gearboxes are machined to offer higher tolerance as compared to conventional gearboxes by offering efficiency of more than 90%. These gearboxes are used to reduce the gear speed which results in high torque multiplication. Gearbox designers prefer precision gears over servo motors and drives as precision gearboxes contain smaller components which help in saving space and cost. For applications which require low speed, smaller gearboxes are used which can supply high torque. Precision gearboxes are widely used in manufacturing and assembly lines, such as transportation of products on conveyor belts, fluid injection, precise turning, packaging industry, and other industries.

Adoption of new technologies to improve energy efficiency in the manufacturing industry is anticipated to drive the demand for precision gearboxes during the near future. Innovations in miniature gears have enabled companies to manufacture highly precise, lightweight, and small aluminum housing gears. These gears are used in applications which require low backlash and higher transmission accuracy. Rise in demand for processes such as precise turning, transporting products on conveyor belts, positing, fluid injections, and variable acceleration in bottling and packaging plants is projected to drive the growth of the precision gearbox market during the forecast timeline. However, emerging use of direct drive systems is anticipated to restrict the demand for precision gearboxes in the near future. Direct drive systems eliminate the use of gears, thereby reducing the complexity and weight of the gearbox thereby increasing the overall efficiency of the gearbox as there is no energy loss. The overall costs of direct drive systems is thereby reduced as these systems use coil-driven permanent magnet products. Emerging robotics applications are likely to increase the demand for arms having highly precise movements, which are poised to be fulfilled by precision gearboxes.

Increasing demand for tailored precision gearboxes against standard gear offerings is projected to accelerate the growth of the precision gearbox market across the world during the forecast timeline. 3D modelling has enabled manufacturers to design smaller quantities of custom products at lower costs. The energy-efficiency classification of electric motors has helped in reducing energy consumption, and thereby in cost savings.

Browse more detail information about this report visit at at

The precision gearbox market has been segmented by product, application and region. Based on product, the global precision gearbox market can be segmented into right angle precision gearbox, parallel precision gearbox, and planetary precision gearbox. The planetary precision gearbox segment accounted for a major share of the global precision gearbox market in 2017. The right angle precision gearbox segment is emerging rapidly as this type of gearbox does not require the input and output shafts on the same axis. Right angle precision gearbox offers greater flexibility when the construction space in particular applications is limited. It is also ideal for assembly joints placed in the corner of manufacturing lines and in the upgrade of assembly facilities.

In terms of application, the global precision gearbox market can be classified into military & aerospace; machine tools; food, beverages, & tobacco; packaging; material handling; robotics; and medical.

Based on region, the global precision gearbox market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific accounts for the dominant share of the global market due to the rapidly growing manufacturing industry which is shifting its focus toward higher accuracy and minimum operational costs, thereby creating demand for precision gearboxes in the region.

Manufacturers are creating awareness about precision gearbox by promoting its characteristics such as maintenance-free construction, speed reduction with higher torque, compact design, smooth running, and higher load capacity. Presence of leading players such as SEW Eurodrive, Siemens, and Brevini with established brand identity and strong control on the market is projected to pose high entry barriers for new entrants in the precision gearbox market. The precision gearbox market is highly consolidated, with fewer than 10 manufacturers accounting for the leading share of the global market.

Request For Custom Research At

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Request for TOC of This Report visit at