Global Precision Gearbox Market 2023

The global precision gearbox market is likely to register a CAGR of over 9.1% with an incremental growth of USD 2.1 billion during the forecast period 2023-2029.

This industry report offers market estimates of the global market, followed by a detailed analysis of the product, end user, and region. The global market data on precision gearbox can be segmented by product: cycloidal, harmonic, planetary. The planetary segment held the largest share of the global precision gearbox market in 2022 and is anticipated to hold its share during the forecast period. Precision gearbox market is further segmented by end user: aerospace and defense, food and beverages, machine tools, material handling, medical, packaging, robotics, others. Globally, the robotics segment made up the largest share of the precision gearbox market. Based on region, the precision gearbox market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific was the largest contributor to the global precision gearbox market in 2022.

The global precision gearbox market is highly competitive. The key players in the precision gearbox market include ABB Ltd., Apex Dynamics Inc., Bonfiglioli Riduttori S.p.A., Cone Drive Operations Inc., DieQua Corporation, GAM Enterprises Inc., Gudel Group AG, Harmonic Drive LLC, Nabtesco Corporation, Neugart GmbH, Nidec Corporation, Ondrives Ltd., Parker Hannifin Corporation, Stober Antriebstechnik GmbH and Co. KG, Sumitomo Corporation, Wilhelm Vogel GmbH, Wittenstein SE.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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