Brazil Precision Gearbox Market Size & Outlook, 2023-2030
Brazil precision gearbox market, 2018-2030 (US$M)
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Brazil precision gearbox market highlights
- The Brazil precision gearbox market generated a revenue of USD 31.5 million in 2023 and is expected to reach USD 58.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, planetary was the largest revenue generating product in 2023.
- Harmonic is the most lucrative product segment registering the fastest growth during the forecast period.
Precision gearbox market data book summary
| Market revenue in 2023 | USD 31.5 million |
| Market revenue in 2030 | USD 58.2 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Planetary |
| Fastest growing segment | Harmonic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Harmonic, Cycloid, Planetary |
| Key market players worldwide | Harmonic Drive Systems Inc, Nidec Corp, Sumitomo Corp, Nabtesco Corp, The Timken Co, Hiwin Technologies Corp, Parker Hannifin Corp, ABB Ltd, Koch Industries, Motus GI Holdings Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.1% of the global precision gearbox market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil precision gearbox market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 58.2 million by 2030.
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Precision Gearbox Market Scope
Precision Gearbox Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 67.3% in 2023. Horizon Databook has segmented the Brazil precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.
The precision gearbox market in Brazil is projected to grow over the forecast period on account of increasing demand for the food & beverage industry. Gearboxes are known to maintain speed and torque resulting in improved safety, efficiency, and productivity. Moreover, gearboxes eliminate the use of components such as bearings and pulleys.
The territorial expansion of Brazil allows it to produce a range of agricultural products. The country is involved in the production of coffee, sugar, orange juice, soya beans, beef, poultry, soya oil, pork, milk, cotton, and grapes.
The agricultural business has witnessed constant growth in Brazil resulting in the increasing demand for food processing technologies. The rising use of precision gearboxes in the food & beverage industry in order to maintain speed and torque results in improved safety, efficiency, and productivity.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into Brazil precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil precision gearbox market size, by product, 2018-2030 (US$M)
Brazil Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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