Mexico Precision Gearbox Market Size & Outlook, 2023-2030
Mexico precision gearbox market, 2018-2030 (US$M)
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Mexico precision gearbox market highlights
- The Mexico precision gearbox market generated a revenue of USD 37.5 million in 2023 and is expected to reach USD 64.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.2% 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 37.5 million |
| Market revenue in 2030 | USD 64.9 million |
| Growth rate | 8.2% (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, Mexico accounted for 1.3% 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 North America, U.S. precision gearbox market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 667.5 million by 2030.
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Precision Gearbox Market Scope
Precision Gearbox Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 66.67% in 2023. Horizon Databook has segmented the Mexico precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.
The precision gearbox demand in Mexico is expected to be grow owing to increase in demand for machine tools, due to significant increase in the automobile production in the country over the last few years.
Several car manufacturers from Europe and Asia Pacific are setting up large their plants in Mexico due to close proximity to the U.S. market. Precision gearboxes are widely used in modern machine tools for their uniform operation, and high precision levels.
The Mexico precision gearbox market is expected to be driven by significant growth in the packaged and processed food & beverages industry. This is attributed to the rising popularity of packaged comfort foods in the country.
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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 country-level data and insights on the Mexico precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into Mexico precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico precision gearbox market size, by product, 2018-2030 (US$M)
Mexico Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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