Spain Precision Gearbox Market Size & Outlook, 2023-2030
Spain precision gearbox market, 2018-2030 (US$M)
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Spain precision gearbox market highlights
- The Spain precision gearbox market generated a revenue of USD 33.5 million in 2023 and is expected to reach USD 54.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.2% 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 33.5 million |
| Market revenue in 2030 | USD 54.5 million |
| Growth rate | 7.2% (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, Spain accounted for 1.1% 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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Spain 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 67.16% in 2023. Horizon Databook has segmented the Spain precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.
The Spain precision gearbox market growth is expected to be driven by owing to investments by several machine tool manufacturers for adoption of advanced technologies such as computer controlled numeric control systems in their machine tool systems.
The machine tool industry in Spain has expanded significantly over the last few years, owing to high investments by various machine tool manufacturers for the adoption of advanced technologies such as numeric control systems in their machine tool systems.
In addition, manufacturers are specializing their product portfolios for high-end applications in aerospace and automotive industry. Several large aerospace and automotive companies such as European Airbus consortium, Boeing.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into Spain precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain precision gearbox market size, by product, 2018-2030 (US$M)
Spain Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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