The Key Players in Global Industrial Gearbox Market 2015-2019
Monday 7 September 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Industrial Gearbox Market: ABB, Bonfiglioli, Emersion Electric, Rexnord, SEW Eurodrive and Siemens
Other Prominent Vendors in the market are: Brevini Power Transmission, Cone Drive Operations, Curtis Machine Company, David Brown Engineering, Horsburgh & Scott and Oerlikon Graziano Drive Systems
Commenting on the report, an analyst said: “Mechanical power transmissions are used in the automobile and mining and construction industries as well as in machine tools in the packaging, printing, agriculture, and process industries. The market is highly fragmented and abounds with similar products that have little scope for differentiation and customization. Therefore, vendors are striving to offer turnkey solutions ranging from installation to after-sales services, in order to increase their customer base. For instance, Siemens offers an integrated drive portfolio that includes all frequency converters, motors, couplings, and gear units as well as installation, testing, and compatibility check services. Therefore, such turnkey solutions will help vendors cater to rising customer expectations, thereby fueling market growth.”
According to the report, manual and automatic transmission systems are key segments of the automotive transmission market. The manual transmission segment is gaining momentum owing to the need for repairing and replacing automobile parts. The automatic transmission system segment is growing because such transmissions have better vehicle performance and fuel economy, making them more attractive to end-users. Also, manufacturers are increasingly investing in R&D to design products that meet the stringent carbon emissions standards and reduce power transmission response time. These systems commonly require helical gearboxes to increase the operational efficiency of vehicles. Product advances fuel the growth of the automotive transmission market, which, in turn, increases the need for gearboxes.
Further, the report states that growing popularity of direct drive technology will impede the growth of the industrial gearbox market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Industrial Gearbox Market 2015-2019
Publish date : September 2015
Report code : ASDR-216792
Pages : 60