Italy Precision Gearbox Market Size & Outlook, 2023-2030
Italy precision gearbox market, 2018-2030 (US$M)
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Italy precision gearbox market highlights
- The Italy precision gearbox market generated a revenue of USD 74.1 million in 2023 and is expected to reach USD 124.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.7% 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 74.1 million |
| Market revenue in 2030 | USD 124.3 million |
| Growth rate | 7.7% (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, Italy accounted for 2.5% 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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Italy 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 66.94% in 2023. Horizon Databook has segmented the Italy 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 Italy is expected to be driven by innovations in food products processing and packaging industry for increasing the output rate of food processing industries with minimal wastage and also increase the shelf life of food products.
In addition, adoption of sustainable packaging materials such as biopolymers, high performing materials, and biodegradable polymers, is expected to drive the usage of precision gearboxes in food packaging applications, to minimize the wastage of materials.
Italy is one of the most prominent global markets for the packaging and packaging manufacturing industry. Packaging machineries are exported to countries in several regions such as Asia, Oceania, and Central & South America.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into Italy precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy precision gearbox market size, by product, 2018-2030 (US$M)
Italy Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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