Global Precision Gearbox Market Size & Outlook, 2023-2030
Global precision gearbox market, 2018-2030 (US$M)
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Global precision gearbox market highlights
- The global precision gearbox market generated a revenue of USD 2,970.4 million in 2023 and is expected to reach USD 5,717.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.8% by 2030.
- In terms of segment, planetary accounted for a revenue of USD 1,971.8 million in 2023.
- Harmonic is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,970.4 million |
| Market revenue in 2030 | USD 5,717.4 million |
| Growth rate | 9.8% (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 |
Other key industry trends
- In terms of revenue, the North America accounted for 14.1% of the global precision gearbox market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 38.3 million by 2030.
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Precision Gearbox Market Scope
Precision Gearbox Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Motus GI Holdings Inc | View profile | 15 | 1301 East Broward Boulevard, 3rd Floor, Fort Lauderdale, FL, United States, 33301 | https://www.motusgi.com |
| Hiwin Technologies Corp | View profile | 3701 | No. 7, Jingke Road, Taichung Precision Machinery Park, Taichung, Taiwan, 408208 | https://www.hiwin.tw |
| Nabtesco Corp | View profile | 8158 | JA Kyosai Bldg., 7-9, Hirakawacho 2-chome, Chiyoda-ku, Tokyo, Japan, 102-0093 | http://www.nabtesco.com |
| Harmonic Drive Systems Inc | View profile | 1745 | 6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, Japan, 140-0013 | http://www.hds.co.jp |
| The Timken Co | View profile | 19000 | 4500 Mount Pleasant Street North West, North Canton, OH, United States, 44720-5450 | https://www.timken.com |
| Koch Industries | View profile | 10001+ | Wichita, Kansas, United States, North America | https://www.kochind.com |
| Sumitomo Corp | View profile | 108457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | http://www.sumitomocorp.co.jp |
| Parker Hannifin Corp | View profile | 62730 | 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 | http://www.phstock.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Nidec Corp | View profile | 128002 | 338 Kuzetonoshiro-cho, Minami-ku, Kyoto, Japan, 601-8205 | http://www.nidec.com |
Global 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 66.38% in 2023. Horizon Databook has segmented the Global precision gearbox market based on harmonic, cycloid, planetary covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Precision Gearbox Product Outlook (Revenue, USD Million, 2018-2030)
- Harmonic
- High Precision
- Low Precision
- Standard Precision
- Cycloid
- High Precision
- Low Precision
- Standard Precision
- Planetary
- High Precision
- Low Precision
- Standard Precision
- Harmonic
- Global Precision Gearbox Application Outlook (Revenue, USD Million, 2018-2030)
- Military & Aerospace
- Food & Beverage, And Tobacco
- Machine Tools
- Materials Handling
- Packaging
- Robotics
- Medical
- Other Applications
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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 global-level data and insights on the Global precision gearbox market , including forecasts for subscribers. This global databook contains high-level insights into Global precision gearbox market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global precision gearbox market size, by regions, 2018-2030 (US$M)
Top 10 countries: Precision gearbox market size, 2023 (US$M)
Global precision gearbox market share, by product, 2023 & 2030 (%, US$M)
Precision gearbox market: Opportunity assessment by country
Global precision gearbox market, by region, 2023 (US$M)
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