LONDON--(BUSINESS WIRE)--Technavio has been monitoring the industrial gearbox market and it is poised to grow by USD 9.91 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Bonfiglioli Riduttori SpA, China High Speed Transmission Equipment Group Co. Ltd., Elecon Engineering Co. Ltd., Rexnord Corp., SEW-EURODRIVE, Siemens AG, Sumitomo Heavy Industries Ltd., THE TIMKEN Co., and Triveni Engineering & Industries Ltd. are some of the major market participants. The adoption of industrial automation will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Adoption of industrial automation has been instrumental in driving the growth of the market.

Industrial gearbox market 2020-2024: Segmentation

Industrial gearbox market is segmented as below:

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Industrial gearbox market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our industrial gearbox market report covers the following areas:

This study identifies growing repair and re-manufacture market for gearboxes used in high-performance applications as one of the prime reasons driving the industrial gearbox market growth during the next few years.

Industrial gearbox market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the industrial gearbox market, including some of the vendors such as ABB Ltd., Bonfiglioli Riduttori SpA, China High Speed Transmission Equipment Group Co. Ltd., Elecon Engineering Co. Ltd., Rexnord Corp., SEW-EURODRIVE, Siemens AG, Sumitomo Heavy Industries Ltd., THE TIMKEN Co., and Triveni Engineering & Industries Ltd. Backed with competitive intelligence and benchmarking, our research reports on the industrial gearbox market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Industrial gearbox market 2020-2024: Key Highlights

Table Of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

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Industrial Gearbox Market 2020-2024 | Adoption of Industrial Automation to Boost Growth | Technavio - Business Wire