Germany Precision Gearbox Market Size & Outlook, 2023-2030
Germany precision gearbox market, 2018-2030 (US$M)
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Germany precision gearbox market highlights
- The Germany precision gearbox market generated a revenue of USD 165.3 million in 2023 and is expected to reach USD 261.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.8% 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 165.3 million |
| Market revenue in 2030 | USD 261.2 million |
| Growth rate | 6.8% (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, Germany accounted for 5.6% 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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Germany 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 66.61% in 2023. Horizon Databook has segmented the Germany precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.
The precision gearbox market growth in Germany is expected to be driven by an increase in the adoption of robotics & automation technologies used in several industries such as automotive, electrical & electronics, construction, plastic, chemical, and food & beverage.
Germany is one of the world’s most prominent markets for robotics & automation (R&A). As per the data published by the International Federation of Robotics (IFR) in 2019, Germany was the 4th largest market for robots in the world with a robot density of 346 units per 10,000 employees, and the largest market in Europe accounting for about 38% of the market share.
Germany is the 4th largest robotics market in the world, accounting for about 38% of the Europe robotics market. Precision gearbox is widely in industrial and service robotic applications for enabling highly precise movements.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into Germany precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany precision gearbox market size, by product, 2018-2030 (US$M)
Germany Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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