UAE Precision Gearbox Market Size & Outlook, 2023-2030
UAE precision gearbox market, 2018-2030 (US$M)
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UAE precision gearbox market highlights
- The UAE precision gearbox market generated a revenue of USD 5.6 million in 2023 and is expected to reach USD 11.3 million by 2030.
- The UAE market is expected to grow at a CAGR of 10.6% 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 5.6 million |
| Market revenue in 2030 | USD 11.3 million |
| Growth rate | 10.6% (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, UAE accounted for 0.2% 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 Middle East & Africa, Saudi Arabia precision gearbox market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 11.3 million by 2030.
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Precision Gearbox Market Scope
Precision Gearbox Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE 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 67.86% in 2023. Horizon Databook has segmented the UAE 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 UAE is expected to witness growth over the forecast period owing to the rising product demand across application industries such as food, beverage & tobacco, robotics, packaging, and others. In addition, precision gearboxes are increasingly used in robots to facilitate easy movements and ensure smooth and efficient functioning, this further benefits the market growth.
The precision gearbox market in the U.A.E. is projected to witness growth on account of the rising product demand from packaging industry. Rising demand for packaged goods owing to the expansion of retail sector and e-commerce industry in the country is projected to benefit the packaging industry over the forecast period.
Precision gearboxes are increasingly used in packaging machines to ensure their smooth and efficient functioning. This is anticipated to benefit the precision gearbox market growth. The government of the U.A.E. is increasingly supporting robotics and artificial intelligence.
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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 UAE precision gearbox market , including forecasts for subscribers. This country databook contains high-level insights into UAE precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE precision gearbox market size, by product, 2018-2030 (US$M)
UAE Precision Gearbox Market Outlook Share, 2023 & 2030 (US$M)
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