PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383517
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383517
According to SPER Market Research, 'Global Power Transmission Gearbox Market Size- By Gear Type, By End Use, By Material, By Stage, By Transmission Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Power Transmission Gearbox Market is predicted to reach USD 45 billion by 2033 with a CAGR of 4.43%.
A power transmission gearbox is a crucial part of a power transmission system, which transfers power from one system segment to another using sealed, high-strength material casings with different-sized gears. A gearbox with various sized gears serves as an example of power transfer. The power transmission gearbox's complexity is determined by how it is used and applied. The input and output shafts of a power transmission gearbox are parallel to one another.
The global Power Transmission Gearbox industry was significantly impacted by the COVID-19 epidemic. It caused supply chain disruptions, a drop in demand in key industries, and financial limitations for businesses. However, it has accelerated certain trends, such as the push for more energy-efficient and ecological solutions, as well as a greater emphasis on automation and remote monitoring.
Market size available for years: 2019-2033
Base year considered: 2022
Forecast period: 2023-2033
Segments covered: By Gear Type, By End Use, By Material, By Stage, By Transmission Type
Regions covered: North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered THE TIMKEN, Diequa Corporation, Dorris Gear Drives, Lafert, Sumitomo Heavy Industries Gearbox Co, Ltd, China High Speed Transmission Equipment Group Co, Ltd, Hangzhou Ever-Power Transmission Co, Ltd.
By Gear Type: Based on the Gear Type, Global Power Transmission Gearbox Market is segmented as; Worm, Helical, Spur, Planetary, Bevel, Others.
By End Use: Based on the End Use, Global Power Transmission Gearbox Market is segmented as; Automotive, Mining, Aerospace, Marine, Chemical, Others.
By Transmission Type: Based on the Transmission Type, Global Power Transmission Gearbox Market is segmented as; Mechanical, Automatic, Hybrid.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.