Precision Gearbox Market Size, Share & Trends Report

Precision Gearbox Market Size, Share & Trends Analysis Report By Product (Planetary, Harmonic, Cycloid), By Application (Robotics, Military & Aerospace, Materials Handling, Packaging), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-4-68038-007-1
  • Number of Pages: 108
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the powder metallurgy market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for powder metallurgy market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of powder metallurgy market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Powder Metallurgy Market Categorization:

The powder metallurgy market was categorized into four segments, namely material (Titanium, Nickel, Steel, Aluminum, Cobalt), process (Additive Manufacturing, Powder Metal Hot Isostatic Pressing, Metal Injection Molding), application (Aerospace & Defense, Automotive, Oil & Gas, Industrial, Medical & Dental), end-use (OEMs, AM Operators), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The powder metallurgy market was segmented into material, process, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The powder metallurgy market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seven countries, namely, the U.S.; Germany; France; the UK.; China; Japan; and Brazil

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Powder metallurgy market companies & financials:

The powder metallurgy market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Harmonic Drive LLC - Harmonic Drive LLC is engaged in the designing and manufacturing of precision servo actuators, gear components set, and gearheads. It offers standard and custom-engineered solutions to various application industries including robotics, medical, defense, aerospace, energy, and machine tooling. The company’s product portfolio includes rotary actuators, gear units, gear component sets, servo gearheads, phase adjusters, linear actuators, servo drives, and legacy products for old machinery components. It uses its trademarked technologies, namely ‘HarmonicDrive’ and ‘Harmonic Planetary,’ for precision gearing solutions. The products, including actuators, gear units, and components units, offer complete gearbox solutions, easy to connect to motor/drive units, and ultimate design flexibility for use in various application industries

  • NIDEC-SHIMPO CORPORATION - NIDEC-SHIMPO CORPORATION is engaged in the manufacturing of variable speed drives, speed reducers, ceramic art equipment, various measuring instruments, and other machinery tools. It serves various application industries including metal cutting & forming, assembly & test automation, packaging & filling, printing & converting, medical & healthcare, robotics, and semiconductor & circuit. The company provides products in five categories, namely high-precision gearboxes, heavy industrial gearboxes, rack & pinion, AGV drive systems, and custom OEM solutions. High-precision gearboxes product category offers products including inline planetary gearboxes, right-angle planetary gearboxes, right-angle hypoid gearboxes, right-angle worm gearboxes, cycloidal gearboxes, rotary index tables, traction drives, and strain wave gear units.

  • Stöber Antriebstechnik GmbH and Co. KG - Stöber Antriebstechnik GmbH and Co. KG is an industrial automation company that is engaged in manufacturing gearboxes and mechanical engineering solutions. Other services offered by the company include consultation & support, product configurator, CAD-Data, product information, and training. The company has organized its products into four units, namely gear units, geared motors, motors, and electronics. Gear units include servo gear units, servo gear units with brake, rack & pinion drives, twospeed gearboxes, and power transmission gear units. Geared motors include synchronous servo geared motors, lean geared motors, and asynchronous geared motors.

  • WITTENSTEIN SE - WITTENSTEIN SE is engaged in services including design, installation, maintenance, and training for the use of gearboxes among various application industries including automation, robotics, plastics & rubber processing, and food & packaging. The company manufactures products such as complete electromechanical drive systems, high-precision planetary gearboxes, and AC servo systems & motors.

  • GAM ENTERPRISES, INC. - GAM ENTERPRISES, INC. is engaged in the manufacturing of precision mechanical power transmission components used in the automation of machinery in various application industries including aerospace & defense, medical & health, material handling, energy, robotics & automation, packaging, machine tools, and semiconductors

  • DieQua Corporation - DieQua Corporation is engaged in the manufacturing and supply of a wide array of motion control and power transmission drive components. It also designs and manufactures custom gearboxes with the help of standard components and custom machining capabilities as per special requirements The company’s product lineup includes spiral bevel gearboxes, servo gearheads, speed reducers, shaft phasing & variable speed gearboxes, cycloidal reducers, screw jacks, zero-backlash couplings & line shafts, and custom products. Precision gearboxes falls under the product category of premium, precision, & economical servo gearheads. It includes standard planetary, premium planetary, stainless steel planetary, precision planetary, right-angle planetary gearboxes, and precision rotary flange.

  • Neugart GmbH - Neugart GmbH is engaged in the design, development, and production of planetary and right-angle gearboxes as well as customized gearboxes. These gearboxes are used across several applications and industries such as food & beverage, packaging, automation & robotics, machine tools, printing, medical & pharmaceutical engineering.

  • Apex Dynamics, Inc. - Apex Dynamics, Inc. is engaged in producing gearboxes and has over six patents. It also manufactured other products including robots, turret, rack & pinion, and lubrication products. Rack & pinion product category offers a wide array of high-precision planetary gearboxes and spiral bevel gearboxes. The company serves the North American market with high-precision helical planetary gearheads manufactured at its production facility located in Tai Chung, Taiwan.

  • Sumitomo Drive Technologies - Sumitomo Drive Technologies is engaged in designing and manufacturing gear reducers and control products for a variety of applications for prominent customers and brands across the globe. It has organized its product portfolio on the basis of three segments, namely by type, brand, and shaft configurations. Products by type include gear motors, reducers, motion control drives, couplings, and variable frequency drives. Precision gearboxes fall under the motion control drives type category and are marketed under brands including Fine Cyclo and IB. These products come in compact sizes with high-precision accuracy and low backlash characteristics.

  • Nabtesco Corporation - Nabtesco Corporation is engaged in the manufacturing of precision reduction gears, hydraulic equipment, railroad vehicle equipment, aircraft equipment, commercial vehicle equipment, marine vessel equipment, automatic doors & platform doors, packaging machines, and welfare equipment. It operates through four reportable segments, namely accessibility solutions, manufacturing solutions, transport solutions, and component solutions. Precision reduction gears are used in various fields including automobile production lines, machine tools, food processing, semiconductor production equipment, medical, transfer, and testing/measuring.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Powder Metallurgy Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Powder Metallurgy Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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