Precision gearbox are machined to exhibit high tolerance by offering 90% efficiency and more. These helps in saving space and cost as these contains smaller components. Precision gearbox are extensively used in manufacturing & assembly line. Machines have servosystem that are combined with gearbox which enables an efficient repeatable motion. High precision helical planetary gearboxes are preferable for applications that require high accuracy and reliability.
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Rising number of high torque application will directly impact the market. Growing demand of precision gearbox from automotive sector is expected to increase the market of precision gearbox. Rising consumer disposal income will increase the demand for vehicles like 2-wheeler, 4-wheeler which will lead to increase in demand for relatable technology like gearboxes, batteries etc. Advancement in technology has increased in demand of industrial robots & machine tools due to which gearbox market is increasing at increasing rate. Innovation in miniature gears has also fuelled the market as companies have started to manufacture highly precise, small aluminium and lightweight gears.
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Precision gear market comes up with manychallenges related to Availability of substitutes like direct dive system can affect the market as shift to permanent magnet driven products has led to decrease in cost of direct dive system. Industrial gear market is cost sensitive as increase in prices of raw materials like stainless steel, cast iron, bronze etc can hamper the growth of gearbox.
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The Global Precision Gears Market has been segmented on the basis of product type, application, end-use, and key geographies. Based on product type, the market comprises of tables, chairs, accessories and others. The research report “Global Precision Gears Market” provides in-depth analysis of global Precision Gears market based on product type, application, end-user and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Precision Gears market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
At what pace is global Precision Gears market growing? What will be growth trend in future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Precision Gears market?
What are the various application areas and how they are poised to grow?
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