Precision Gearbox Market Size, Share And Forecast 2019-2025

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Precision gearbox Market Size, Share and Forecast 2019-2025

The introduction of automation technology in food production will contribute in the growth of the precision gearbox market. Precision gearboxes are extensively used in food processing industry, packaging industry and in robotics to increase the productivity of the process by smoothing the automation process. The food companies are finding ways to improve productivity throughout the plant with the use of factory automation. Automation can lead to increase in the throughput rates by minimizing the degree of manual operation required. Increasing focus on implementing automation in manufacturing processes is propelling the demand for precision gearboxes. 

There are various technology robots that are being used in the food and beverage industry such as portal robots, articulated robots SCARA, delta robots. The TH650A high-speed SCARA robot by Toshiba Machine 650 millimeters capable to reach equivalent to the length of the human arm. Since the automated process of production was designed coordinated with human workers in mind, this system is ideal for assembly applications and packing. The SCARA robots can handle payloads of 10 to 20 kilograms. The 10 kilograms is ideal for food packaging. This feature enables a number of products to be picked while managing various tool configurations. 

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Furthermore, growing implementation of robots across several industries is expected to drive the precision gearbox market growth. According to International Federation of Robotics (IFR), the number of robots sold across the globe increased by 6% to reach 422,000 in 2018. China led the global robotics sales in 2018, while Germany and Italy led the strong growth in Europe. Moreover, in terms of the volume of the robots sold, the US overtook South Korea to become the third largest industrial robot market across the globe. IFR further estimates the volume of industrial robots to be around 4 million in 2022 from 2.4 million in 2018. 

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Current Market Trends Covered in the Global Precision Gearbox Market Report

  • Based on the product type, the planetary type precision gearbox is estimated to hold a dominating market share during the forecast period. 
  • Based on the application, the robotics application segment is anticipated to be the fastest growing segment in the global precision gearbox market during the forecast period. 
  • Asia-Pacific is estimated to dominate the global precision gearbox industry during the forecast period.

Global Precision Gearbox Market Segmentation

By Product Type

  • Parallel
  • Right Angle
  • Planetary

By Application

  • Machine Tools
  • Packaging
  • Robotics

Global Precision Gearbox Market – Segment by Region 

North America           

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific    

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East and Africa

Company Profiles

  •         ABB Ltd.
  •         Bonfiglioli Riduttori S.p.A
  •         Cone Drive Operations Inc.
  •         Curtis Machine Co.
  •         Dana Inc. (Brevini Power Transmission)
  •         DB Santasalo Sarl
  •         Emerson Electric Co.
  •         Neugart GmbH
  •         OC Oerlikon Corp. AG 
  •         Rexnord Corp.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

 

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Keywords: size,share,industry growth,future prospects,opportunities,forecast 2019-2025

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