Middle East & Africa Precision Gearbox Market Size & Outlook
Middle East & Africa precision gearbox market, 2018-2030 (US$M)
Related Markets
MEA precision gearbox market highlights
- The MEA precision gearbox market generated a revenue of USD 35.3 million in 2023.
- The market is expected to grow at a CAGR of 8.4% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 35.3 million |
| Market revenue in 2030 | USD 62.1 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Planetary |
| Fastest growing segment | Harmonic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 1.2% of the global precision gearbox market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,935.2 million by 2030.
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Precision Gearbox Market Scope
Precision Gearbox Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 68.27% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa is projected to grow over the forecast period on account of expansion of medical sector in the region. In addition, rising demand for robotics across various industries is likely to fuel the demand for precision gearboxes over the forecast period.
Expansion of medical sector in the Middle East & Africa is anticipated to benefit the demand for precision gearboxes over the forecast period. Factors such as rising focus on prevention and well-being rather than simple treatment are projected to propel the demand for medical devices.
Expansion of the medical industry is projected to fuel the demand for precision gearboxes to ensure smooth functioning and efficiency of devices.
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Our clientele includes a mix of precision gearbox market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa precision gearbox market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA precision gearbox market size, by country, 2018-2030 (US$M)
Middle East & Africa Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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