A precision gearbox is a mechanical component that is used for reducing the speed of a motor while increasing the torque output. It is designed to provide a precise amount of output, enabling accurate and efficient power transmission in various machine applications. According to the latest research, the global precision gearbox market is poised to grow by USD 2.1 billion during 2023-2029, progressing at a CAGR of 9.12% during the forecast period.
This industry report offers market estimates of the global market, followed by a detailed analysis of the product, end user, and region. The global market data on precision gearbox can be segmented by product: cycloidal, harmonic, planetary. The planetary segment is estimated to account for the largest share of the global precision gearbox market. Precision gearbox market is further segmented by end user: aerospace and defense, food and beverages, machine tools, material handling, medical, packaging, robotics, others. The robotics segment held the largest revenue share in 2022. Based on region, the precision gearbox market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Globally, Asia-Pacific made up the largest share of the precision gearbox market.
The global precision gearbox market is highly competitive. The prominent players operating in the global precision gearbox market include ABB Ltd., Apex Dynamics Inc., Bonfiglioli Riduttori S.p.A., Cone Drive Operations Inc., DieQua Corporation, GAM Enterprises Inc., Gudel Group AG, Harmonic Drive LLC, Nabtesco Corporation, Neugart GmbH, Nidec Corporation, Ondrives Ltd., Parker Hannifin Corporation, Stober Antriebstechnik GmbH and Co. KG, Sumitomo Corporation, Wilhelm Vogel GmbH, Wittenstein SE.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2023-2029 |
| CAGR (2023-2029) | 9.12% |
| Pages | 23 |
| Key Players | ABB Ltd., Apex Dynamics Inc., Bonfiglioli Riduttori S.p.A., Cone Drive Operations Inc., DieQua Corporation, GAM Enterprises Inc., Gudel Group AG, Harmonic Drive LLC, Nabtesco Corporation, Neugart GmbH, Nidec Corporation, Ondrives Ltd., Parker Hannifin Corporation, Stober Antriebstechnik GmbH and Co. KG, Sumitomo Corporation, Wilhelm Vogel GmbH, Wittenstein SE |
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