The global precision gearbox market is expected to
witness substantial growth over the forecast period on account of the growing
demand from the automotive sector. The rising global population and increasing
consumer disposable income have led to the demand for vehicles such as two
wheelers, four wheelers. Owing to this need for new technology and innovation
in the automotive industry is increasing. As there is a direct relationship
between technology and automotive industry, when the demand for vehicles rises,
the demand for related technologies such as gearboxes, engines, batteries, etc.
also rises.
The U.S. is expected to dominate the gearbox market owing
to the massive demand for motorcycles and other vehicles. Asia Pacific market
is expected to grow exponentially on account of rising per capita income. The
demand in Latin America and the Middle East is expected to escalate owing to
the rapid adoption of the precision gearbox technology in the two markets.
Browse the Full Report @ https://www.hexaresearch.com/upcoming-research/precision-gearbox-market
Technological advancements have led to increasing demand
for industrial robots and machine tools on account of which the demand for the
precision gearbox technology is increasing at a high rate. Furthermore, the
rise in automotive transmission sector is also expected to have a positive
impact on the gearbox market.
The main function of the precision gearbox is to give
right angle change in direction where desired. It is also deployed to transmit
energy from one system to the other through the mechanical process. The systems
are deployed at a junction of power shaft and motor. Gearboxes can be
differentiated on the basis of arrangement and construction of gears. Gearboxes
provide power densities which are translated into small package size. These
also provide optimum efficiency throughout the process.
The gearbox industry demands constant innovation and
improvement in the technology owing to the increasing competition from new
technologies such as direct drive, which are being adopted and accepted in the
market on a large scale. However, the precision gearbox technology plays an
integral part in many systems and industries.
Servomotors are being adopted in the market owing to the
low-cost worm gear solution. Food & beverage industry, labeling and
packaging industry and few others extensively use this type of gearbox. The
demand in these industries is expected to rise in the forecast period leading
to the growth in demand for the gearbox industry.
Servomotors are used in high accuracy application owing
to its efficient functioning. It minimizes the effect of inertia with the help
of 25:1 gearbox Servomotor gearbox can tackle the problem directly by
escalating the motor interferes through a different mechanical component.
Precision gearboxes provide comparatively enhanced accuracy than gear reducers.
Browse Category Related Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry
The gearbox market can be categorized on the basis of
types into internal & external, spur, helical & helical, skew, bevel,
spiral bevel, hypoid, crown, worm, sun and planet, servomotor and magnetic
gears. Planetary gearbox comprises of the sun gear, ring gear and planet gear.
Planetary gearbox covers entire automation industry. It
is mostly used in ‘pick and place’ systems such as loading and unloading gantry
robots, in packaging machinery, etc. The other several applications of the
gearboxes are in mining machinery, industries which use conveyor belts, in wind
energy turbines, in the automotive sector, robotic machinery in production
plants, military & aerospace, medical equipment industry and rubber &
plastics industry.
The precision gearbox market can also be bifurcated on
the basis of backlash ratings. A low precision gearbox is when it is
functioning >20 arcs per minute whereas the high precision gearbox is when
it is functioning <5 arcs per minute. The ability to provide low resistance,
efficient functioning and low friction makes the precision gearboxes accurate
and applicable in several high accuracy applications.
The market of North America is expected to dominate the
gearbox market owing to the research and development projects and growing
demand in the U.S. North America is expected to contribute to the market over
40% of the global demand in the forecast period. Asia Pacific market is
expected to grow at a rate owing to the growing demand and developing
infrastructure and increasing use of automation in industrial sectors. On
account of growing acceptance for precision gearbox technology the market of
Latin America and the Middle East is expected to grow.
The key contributors to the market are Bonfiglioli
Riduttori, Rexnord Corporation, Siemens AG, ABB Group, Emerson Electric Company
and SEW Eurodrive Group. Few of the prominent vendors include Cone Drive
Operations, David Brown Engineering, Curtis Machine Company, Oerlikon Graziano,
Drive Systems, Brevini Power Transmission and Horsburgh & Scott.
Browse Full Report @ https://www.hexaresearch.com/upcoming-research/precision-gearbox-market
About Us:
Hexa Research is a market research and consulting organization, offering
industry reports, custom research and consulting services to a host of key
industries across the globe. We offer comprehensive business intelligence in
the form of industry reports which help our clients obtain clarity about their
business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Follow
us on Linkedin : https://www.linkedin.com/company/hexa-research
No comments:
Post a Comment