About Industrial Planetary Gearbox
Planetary Gearbox offers a low-backlash high-end gears set new standards in torque. Planetary Gearbox market is expected to mark significant growth over forecasted period owing to increasing consumers spending on automobiles, wind power, transportation applications and technological advancement.The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the agricultural automation, infrastructure/building sector.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
In Planetary Gearbox market, it has been observed that most of the companies are upgrading or introducing different helical gears which are more torque capacity and run quieter that provides more gearhead with high precision- motion control high torsional stiffness and low backlash. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Planetary Gearbox market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bonfiglioli (Italy), Varvel (Italy), Siemens (Germany), John Deere (United States), Wittenstein (Germany), Kahlig Antriebstechnik (Germany), Nidec-Shimpo (United States), JVL (India), TGB Group (Spain) and Vogel (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Onvio (United States), VEX Robotics (United States) and Apex Dynamics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Planetary Gearbox market by Type (Standard Industrial Planetary Gearboxes and Precision Industrial Planetary Gearboxes), Application (Automotive, Food & Beverage, Aerospace & Defense, Industrial Manufacturing and Other) and Region.
On the basis of geography, the market of Industrial Planetary Gearbox has been segmented into Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Diameter, the sub-segment i.e. Diameter 16mm will boost the Industrial Planetary Gearbox market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Value Oriented Consumers and Substitutes Available For Planetary Gearbox
Market Growth Drivers:
Increase Number of Planetary Gearbox in Automotive Industry. and Rapid Demand of Planetary Gearbox For for High Efficiency and Longer Gear Life Fuelled Up the Market.
Challenges:
Limitation Due to Complex Design are Anticipated to Challenge the Market. and Environmental Pollution Associated with Planetary Gearbox Hampers the Global Market.
Restraints:
Lack of Awareness among the Customers Hampers the Planetary Gearbox Market. and High Cost Associated with Planetary Gearbox Market.
Opportunities:
Proliferation of Magnetic Planetary Gearboxes Leads to Grow the Planetary Market. and Upsurge Applications of Planetary Gearboxes in Power, Infrastructure, Mining and Others.
Market Leaders and their expansionary development strategies
In January 2022, Automotive and industrial supplier Schaeffler has acquired all of the shares of Melior Motion GmbH. The acquisition of this supplier of precision gearboxes for robotics and other applications in automation expands the robotics portfolio of the Schaeffler Group’s Industrial division. As automation of both simple, repetitive tasks as well as complex mounting and manufacturing processes is progressing rapidly, the Industrial division consistently expands its position as a supplier for robotics components and systems. In a first step, the division has brought a Strain-wave gearbox equipped with an electric motor and sensors for use in collaborative robots (cobots) to the point of volume production. In a second step, it is now adding more powerful gearboxes for higher payload capacities in industrial applications to its portfolio.
In June 2023, GAM soft-launched their latest GML Series Wheel Drive, which utilizes coaxial planetary gearing. Without an axle offset, the motor is positioned immediately behind the wheel. The newly formed GML Series Wheel Drive might be connected with a steering motion to create a drive-steer unit and can be utilized as a direct drive or a differential drive.
Key Target Audience
Planetary Gearbox Manufacturers, Planetary Gearbox Traders, End-Use Market Participants of Different Segments of Planetary Gearbox, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.