The Business Research Company’s Industrial Gearbox Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Industrial Gearbox Global Market Report 2023 evaluates industrial gearbox market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global industrial gearbox market is expected to grow from $36,909.6 million in 2027 at a rate of 5.3%. The market is then expected to grow at a CAGR of 6.1% from 2027 and reach $49,555.4 million in 2032.
The rising adoption of industrial automation in the future is expected to drive the industrial gearbox market in the forecast period. Industrial automation systems are computerized systems that regulate and monitor a process, machine, or device to perform repetitive activities or duties. They are designed to run on their own to reduce and improve human labor in the business. For instance, in 2022, according to Eagle Technologies, a US-based provider of a turnkey solution for businesses seeking an all-in-one solution to automated production and testing, the annual increase in productivity due to automation will range from 0.8% to 1.4%. The economy as a whole experiences more employment as a result of increased robot adaptability. Automation will result in a net increase of 12 million employees by 2025. While alterations in the division of labor between people and machines are predicted to result in the loss of 85 million jobs, rising automation is predicted to result in the creation of 97 million new employees. Hence, the rising adoption of industrial automation will help the industrial gearbox market to grow in the future.
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The industrial gearbox market segments in the report are:
1) By Type: Planetary; Helical; Bevel; Spur; Worm; Other Types
2) By Design: Parallel Axis; Angled Axis; Other Designs
3) By Application: Construction & Mining; Automotive; Industrial; Power Generation; Marine; Other Applications
The table of contents in TBRC’s industrial gearbox market report includes:
1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
…..
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Opportunities And Strategies
- Industrial Gearbox Market, Conclusions And Recommendations
- Appendix
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