Global Precision Gearbox Market Size & Outlook
The precision gearbox industry worldwide is expected to reach a projected revenue of US$ 5,717.4 million by 2030. A compound annual growth rate of 9.8% is expected of the worldwide precision gearbox industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,970.4
Forecast, 2030 (US$M)
$5,717.4
CAGR, 2024 - 2030
9.8%
Report Coverage
Worldwide
Global precision gearbox market, 2018-2030 (US$M)
Related Markets
Global precision gearbox market highlights
- The global precision gearbox market generated a revenue of USD 2,970.4 million in 2023 and is expected to reach USD 5,717.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.8% by 2030.
- In terms of segment, planetary accounted for a revenue of USD 1,971.8 million in 2023.
- Harmonic is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,970.4 million |
| Market revenue in 2030 | USD 5,717.4 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Planetary |
| Fastest growing segment | Harmonic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Harmonic, Cycloid, Planetary |
Other key industry trends
- In terms of revenue, the North America accounted for 14.1% of the global precision gearbox market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 38.3 million by 2030.
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Precision Gearbox Market Scope
Precision gearbox market segmentation & scope
High Precision
Low Precision
Standard Precision
High Precision
Low Precision
Standard Precision
High Precision
Low Precision
Standard Precision
Military & Aerospace
Food & Beverage, And Tobacco
Machine Tools
Materials Handling
Packaging
Robotics
Medical
Other Applications
Precision Gearbox Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global precision gearbox market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision gearbox market will help companies and investors design strategic landscapes.
planetary was the largest segment with a revenue share of 66.38% in 2023. Horizon Databook has segmented the Global precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Precision Gearbox Product Outlook (Revenue, USD Million, 2018-2030)
- Harmonic
- High Precision
- Low Precision
- Standard Precision
- Cycloid
- High Precision
- Low Precision
- Standard Precision
- Planetary
- High Precision
- Low Precision
- Standard Precision
- Harmonic
- Global Precision Gearbox Application Outlook (Revenue, USD Million, 2018-2030)
- Military & Aerospace
- Food & Beverage, And Tobacco
- Machine Tools
- Materials Handling
- Packaging
- Robotics
- Medical
- Other Applications
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Target buyers of Global precision gearbox market databook
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Our clientele includes a mix of precision gearbox market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global precision gearbox market , including forecasts for subscribers. This global databook contains high-level insights into Global precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global precision gearbox market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Precision gearbox market size, 2023 (USD Million)
Top 10 countries: Precision gearbox market size, 2023 (USD Million)
Global precision gearbox market, by region, 2023 (US$M)
Related regional statistics
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