Global Precision Gearbox Market Size & Outlook, 2023-2030
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 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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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 size, by regions, 2018-2030 (US$M)
Top 10 countries: Precision gearbox market size, 2023 (US$M)
Global precision gearbox market share, by product, 2023 & 2030 (%, US$M)
Precision gearbox market: Opportunity assessment by country
Global precision gearbox market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 339.4 | 365.3 | 348.3 | 360.0 | 387.7 | 420.2 | 456.0 | 495.4 | 539.0 | 587.6 | 641.7 | 702.2 | 769.7 | 9.0% |
| Europe | 455.5 | 482.1 | 451.4 | 461.3 | 491.7 | 525.1 | 561.4 | 601.2 | 644.8 | 693.1 | 746.4 | 805.6 | 871.2 | 7.5% |
| Asia Pacific | 1,417.5 | 1,506.3 | 1,513.7 | 1,615.0 | 1,771.8 | 1,946.1 | 2,140.4 | 2,357.4 | 2,600.9 | 2,875.5 | 3,185.9 | 3,537.1 | 3,935.2 | 10.6% |
| Latin America | 38.4 | 41.3 | 37.8 | 38.1 | 40.4 | 43.7 | 47.3 | 51.4 | 55.8 | 60.8 | 66.3 | 72.4 | 79.2 | 8.9% |
| MEA | 29.1 | 31.1 | 29.3 | 30.4 | 32.7 | 35.3 | 38.0 | 41.1 | 44.5 | 48.2 | 52.4 | 57.0 | 62.1 | 8.4% |
| Overall | 2,279.9 | 2,426.0 | 2,380.5 | 2,504.7 | 2,724.3 | 2,970.4 | 3,243.2 | 3,546.4 | 3,884.9 | 4,265.1 | 4,692.6 | 5,174.2 | 5,717.4 | 9.8% |
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