Japan Precision Gearbox Market Size & Outlook, 2023-2030

The precision gearbox market in Japan is expected to reach a projected revenue of US$ 828.4 million by 2030. A compound annual growth rate of 8% is expected of Japan precision gearbox market from 2024 to 2030.
Revenue, 2023 (US$M)
$482.0
Forecast, 2030 (US$M)
$828.4
CAGR, 2024 - 2030
8%
Report Coverage
Japan

Japan precision gearbox market highlights

  • The Japan precision gearbox market generated a revenue of USD 482.0 million in 2023 and is expected to reach USD 828.4 million by 2030.
  • The Japan market is expected to grow at a CAGR of 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 2023USD 482.0 million
Market revenue in 2030USD 828.4 million
Growth rate8% (CAGR from 2023 to 2030)
Largest segmentPlanetary
Fastest growing segmentHarmonic
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHarmonic, Cycloid, Planetary
Key market players worldwideHarmonic 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, Japan accounted for 16.2% 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 Asia Pacific, China precision gearbox market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,733.2 million by 2030.

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Precision Gearbox Market Companies

Name Profile # Employees HQ Website

Japan 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 64.61% in 2023. Horizon Databook has segmented the Japan precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.


The Japan precision gearbox market is expected to be driven by growing usage of precision gearboxes in several applications in aerospace industry, such as landing systems, air turbine starters, propulsion drives, and other motion control systems. 

In addition, several precision gearbox manufacturers offer custom designing and manufacturing services to aircraft component manufacturers, thus creating new growth opportunities in the market.

Japan is one of the world’s leading manufacturers of aircraft components such as helicopter transmission systems, rotary shafts, and aircraft engine systems. The growth of automotive components industry in Japan is expected to drive the growth of precision gearbox market over the coming years due to their extensive usage. 

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Horizon Databook provides a detailed overview of country-level data and insights on the Japan precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into Japan precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Japan precision gearbox market size, by product, 2018-2030 (US$M)

Japan Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)

Japan precision gearbox market size, by product, 2018-2030 (US$M)

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