Lucintel's latest market report analyzed that industrial gearbox provides attractive opportunities in the military and aerospace, food, beverage, and tobacco, machine tool, material handling, packaging, robotic, and medical end use industries. The industrial gearbox market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, planetary is the largest segment by product, whereas robotics is largest by end use industry. Increasing investment in renewable power generation and rapid industrialization provides strategic growth path in this market.
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Based on product, the industrial gearbox market is segmented into planetary, harmonic, and cycloid. The planetary segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its high efficiency, more power density, and low backlash.
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The Industrial Gearbox Market is marked by the presence of several big and small players. Some of the prominent players offering industrial gearbox include David Brown, Kumera Corporation, Parsons Peebles LTD, Sumitomo Heavy Industries, Ltd, Fluor Corporation, Triveni Engineering & Industries Ltd, PG Drive, and GearTec.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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