France Precision Gearbox Market Size & Outlook, 2023-2030
France precision gearbox market, 2018-2030 (US$M)
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France precision gearbox market highlights
- The France precision gearbox market generated a revenue of USD 58.3 million in 2023 and is expected to reach USD 105.6 million by 2030.
- The France market is expected to grow at a CAGR of 8.9% 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 58.3 million |
| Market revenue in 2030 | USD 105.6 million |
| Growth rate | 8.9% (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, France accounted for 2.0% 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 Europe, Germany precision gearbox market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 105.6 million by 2030.
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Precision Gearbox Market Scope
Precision Gearbox Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 66.72% in 2023. Horizon Databook has segmented the France precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.
The France precision gearbox market growth is expected to be driven by increased adoption of automation technologies in several industries food & beverages, automobiles, aerospace, military, electrical machinery, and machine tools for reduction of overall operational costs and improvement of output rate in these industries.
Manufacturers across several industries in France such as food & beverages, automobiles, aerospace, military, electrical machinery, and machine tools are increasingly focusing on the automation of entire industrial cycle for the reduction of overall operational costs and improvement of output rate in these industries.
Precision gearboxes are increasingly being used in assembly with servomotors in automated parts owing to their ability to perform repetitive tasks with much higher uniformity and precision as compared to industrial gearboxes.
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Horizon Databook provides a detailed overview of country-level data and insights on the France precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into France precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France precision gearbox market size, by product, 2018-2030 (US$M)
France Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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