Global Off-the-shelf Gearbox and Drives Market 2016-2020

Overview of the global off-the-shelf gearbox and drives market

Market research analysts at Technavio predict that the global off-the-shelf gearbox and drives market will grow steadily during the next four years and post an impressive revenue of almost USD 5 billion by 2020. This market research analysis identifies the rising usage of industrial robots as one of the primary growth factors for this market. With precision and cost reduction being major concerns, several industries such as automobile, pharmaceutical, and food and beverage are increasingly adopting industrial robots for various applications such as material handling, logistics, machine tending, foundry, and forging. Robots consist of a number of links and joints controlled by drive systems to perform several tedious, precise, and repetitive motions and require mechanical transmission systems such as off-the-shelf gearbox and drives to ensure appropriate speed and torque. Vendors such as Nabtesco are already offering off-the-shelf gearboxes and drives that ensure accuracy in the movement of robots as well as strength control.

In terms of geographical regions, APAC will be the major revenue contributor to the market throughout the next four years. This is mainly due to the rise in the number of greenfield projects and the increasing focus of major industries to replace their traditional machinery with modern technology and equipment. The growth of the end-user industries such as cement, mining and steel, metal processing, and power, will drive the demand for off-the-shelf gearbox and drives. China, Japan, India, Taiwan, and South Korea will be the major market contributors in this region.

Competitive landscape and key vendors

This global market consists of several well-diversified international and regional vendors and is highly competitive. The well-established vendors dominate the market and generate their revenue through direct and indirect sales. To gain a competitive edge over their competitors, vendors are concentrating on differentiating their product and service offerings, product performance, knowledge of integrated systems, and product quality. Major vendors are concentrating on enhancing their global presence and innovating their products and services and are also following M&A strategies to increase their revenue shares.

The leading vendors in the market are -

• Bonfiglioli
• Renold
• Sumitomo Drive Technologies
• David Brown Engineering
• Timken

The other prominent vendors in the market are ABB, AOKMAN, Befared, Emerson Electric, GearTec, Hansen, IGWA, Involute, Kumera, Rexnord, Rossi, SEW-EURODRIVE, Siemens, STOBER, TECO-Westinghouse Motor Company, Turner Uni-Drive, Watt Drive-WEG, and Wikov.

Segmentation by product type and analysis of the off-the-shelf gearbox and drives market

• Helical
• Planetary
• Bevel
• Worm
• Spur

During 2015, the helical gearbox segment accounted for the major shares and dominated this market. Due to their relatively low power consumption and the ability to deliver equal thrust at a reduced cost, these gearboxes find increased significance in various industrial applications. Analysts predict that this segment will continue to dominate the market throughout the predicted period.

Segmentation by end-user and analysis of the off-the-shelf gearbox and drives market

• Discrete industries
• Process industries

This market research and analysis predicts that process industries segment including power, oil and gas, chemical and petrochemical, cement, mining, steel and metal processing, food and beverage, pulp and paper, and pharmaceutical sectors, will be the major end-user of the off-the-shelf gearbox and drives market during the next four years. Factors such as increased investments towards upgrading the oil refineries in India and the proposed construction of a natural gas pipeline from Turkmenistan to Pakistan and India through Afghanistan will bolster the market’s growth prospects.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global off-the-shelf gearbox and drives market?
• What are the key market trends impacting the growth of the global off-the-shelf gearbox and drives market?
• What are the challenges to market growth?
• Who are the key vendors in the global off-the-shelf gearbox and drives market?
• What are the market opportunities and threats faced by the vendors in the global off-the-shelf gearbox and drives market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global off-the-shelf gearbox and drives market?

Technavio also offers customization on reports based on specific client requirement.

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