The precision gearbox machinery market size has grown strongly in recent years. It will grow from $5.53 billion in 2024 to $5.89 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rise in automotive industry, expansion of robotics and CNC machinery, medical equipment expansion, global industrial expansion, growth in aerospace sector.
The precision gearbox machinery market size is expected to see strong growth in the next few years. It will grow to $7.72 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to global industrial expansion, rise in industrial automation, expansion of robotics and industry 4.0, miniaturization demands, growth in renewable energy sectors. Major trends in the forecast period include strategic partnerships, innovative medical equipment production, IoT-based solutions, advancements in automation.
The increasing use of robotic devices is expected to drive the growth of the precision gearbox machinery market in the future. A robotic device is a programmable machine capable of performing tasks without human intervention. Precision gearbox machinery is utilized in robotic devices, characterized by their simple construction, precise motion transmission, zero backlash, and high transmission ratios. For instance, in June 2022, the International Federation of Robotics, a Germany-based non-profit organization dedicated to promoting and protecting the robotics sector, reported that 48,680 industrial robots were shipped worldwide in Europe in 2021, reflecting a 27% increase from 2020. In the U.S., 4,900 industrial robots were sold in 2021, also a 27% rise compared to 2020. Additionally, Asia saw the shipment of 3,540 industrial robots in 2021, marking a 33% increase from the previous year. Therefore, the growing use of robotic devices is fueling the expansion of the precision gearbox machinery market.
The growing manufacturing industry is expected to drive the expansion of the precision gearbox machinery market in the future. The manufacturing sector involves the production of physical goods through various processes, transforming raw materials into finished products. Precision gearbox machinery is essential in this industry as it provides accurate and controlled power transmission, improves machinery efficiency, and ensures precise movement and positioning. For example, in July 2023, Eurostat, a Luxembourg-based government statistical agency, reported a 0.2% increase in industrial output within the European area. Additionally, a 0.1% increase was noted in the European Union between May and April 2023. Thus, the rising manufacturing industry is propelling the growth of the precision gearbox machinery market.
Technological advancements are emerging as a significant trend in the precision gearbox machinery market. Leading companies in this sector are concentrating on developing innovative technological solutions to strengthen their market position. For example, in August 2023, Sumitomo Machinery Corporation of America, a US-based company specializing in power transmission and automation, introduced a new line of servo gearboxes, including the Servo Cyclo and Servo Hyponic models. The Servo Cyclo series utilizes a cycloidal disc mechanism for improved durability and quieter operation, while the Servo Hyponic® offers up to 93% efficiency with a compact, low-maintenance design. This launch reflects Sumitomo's ongoing commitment to providing reliable, energy-efficient solutions for industrial automation applications.
Major players in the precision gearbox machinery market are innovating products like planetary gearboxes to secure a competitive advantage. A planetary gearbox is a type of gear train that revolves around a central sun gear, also known as a sun wheel, while using one or more outer, or planet, gears, or pinions. For instance, in 2023, Wittenstein SE, a Germany-based technology company, launched a range of smart drive technology and cyber-motor systems at the SPS 2023 trade fair. Highlights included the miniaturized Galaxie drive, known for its high precision and compact design, making it suitable for robotics and high-performance applications. Furthermore, Wittenstein introduced the NPT planetary gearbox, recognized for its enhanced torque density and versatility. The company also showcased their digital twin and cynapse smart products, which enhance machine connectivity and facilitate predictive maintenance for improved performance and reliability.
In March 2022, Schaeffler, a German manufacturer of bearings and other components, acquired Melior Motion for an undisclosed sum. This acquisition is part of Schaeffler's strategy to enhance the robotics portfolio within the industrial division of the Schaeffler Group. Melior Motion is a Germany-based company specializing in precision gearbox machinery.
Major companies operating in the precision gearbox machinery market are Reishauer AG, Nidec Corporation, DMG Mori AG, DVS Technology Group, EMAG GmbH & Co. KG, Gleason Corporation, Liebherr-International Deutschland GmbH, Matrix Precision CO. LTD., SEW-EURODRIVE GmbH & Co KG, Siemens AG, Harmonic Drive LLC, Stöber Antriebstechnik GmbH and Co KG, Wittenstein SE, GAM Enterprises Inc., Neugart GmbH, Apex Dynamics Inc., Sumitomo Heavy Industries Ltd., Nabtesco Corporation, Wilhelm Vogel GmbH, Onvio LLC, ATLANTA Drive Systems Inc., Transprecision Gears Pvt. Ltd., DieQua Corporation, Cone Drive, Hiwin Corporation, Sureservo, Parker Hannifin Corp., DANOBAT S. Coop, Lagun Engineering, Framo Morat Group.
Asia-Pacific was the largest region in the precision gearbox machinery market in 2024. The regions covered in the precision gearbox machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the precision gearbox machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Precision gearbox machinery denotes a mechanical apparatus designed to adjust torque by precisely modulating speed, typically accomplished using at least two precision gears. In this setup, the motor unit powers one of the gears, enabling high-precision control over motion in various industrial equipment that demands strict accuracy standards.
The realm of precision gearbox machinery, several types exist, including planetary gearbox, worm gearbox, helical gearbox, bevel gearbox, spiral bevel gearboxes, and other variants. A planetary gearbox, for instance, aligns the input and output shafts. The manufacturing processes involved often encompass hobbing, grinding, turning, and honing techniques. These gearboxes support multiple shaft orientations such as coaxial, right-angled, and parallel shift, finding application across diverse industries like machine tools, material handling, packaging, robotics, automotive, off-road vehicles, wind towers, agriculture, railways, and marine sectors.
The precision gearbox machinery market research report is one of a series of new reports that provides precision gearbox machinery market statistics, including precision gearbox machinery industry global market size, regional shares, competitors with a precision gearbox machinery market share, detailed precision gearbox machinery market segments, market trends and opportunities, and any further data you may need to thrive in the precision gearbox machinery industry. This precision gearbox machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The precision gearbox machinery market consists of sales of gearmotors or mobility, stepper, flange gearboxes, and other types. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The precision gearbox machinery market size is expected to see strong growth in the next few years. It will grow to $7.72 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to global industrial expansion, rise in industrial automation, expansion of robotics and industry 4.0, miniaturization demands, growth in renewable energy sectors. Major trends in the forecast period include strategic partnerships, innovative medical equipment production, IoT-based solutions, advancements in automation.
The increasing use of robotic devices is expected to drive the growth of the precision gearbox machinery market in the future. A robotic device is a programmable machine capable of performing tasks without human intervention. Precision gearbox machinery is utilized in robotic devices, characterized by their simple construction, precise motion transmission, zero backlash, and high transmission ratios. For instance, in June 2022, the International Federation of Robotics, a Germany-based non-profit organization dedicated to promoting and protecting the robotics sector, reported that 48,680 industrial robots were shipped worldwide in Europe in 2021, reflecting a 27% increase from 2020. In the U.S., 4,900 industrial robots were sold in 2021, also a 27% rise compared to 2020. Additionally, Asia saw the shipment of 3,540 industrial robots in 2021, marking a 33% increase from the previous year. Therefore, the growing use of robotic devices is fueling the expansion of the precision gearbox machinery market.
The growing manufacturing industry is expected to drive the expansion of the precision gearbox machinery market in the future. The manufacturing sector involves the production of physical goods through various processes, transforming raw materials into finished products. Precision gearbox machinery is essential in this industry as it provides accurate and controlled power transmission, improves machinery efficiency, and ensures precise movement and positioning. For example, in July 2023, Eurostat, a Luxembourg-based government statistical agency, reported a 0.2% increase in industrial output within the European area. Additionally, a 0.1% increase was noted in the European Union between May and April 2023. Thus, the rising manufacturing industry is propelling the growth of the precision gearbox machinery market.
Technological advancements are emerging as a significant trend in the precision gearbox machinery market. Leading companies in this sector are concentrating on developing innovative technological solutions to strengthen their market position. For example, in August 2023, Sumitomo Machinery Corporation of America, a US-based company specializing in power transmission and automation, introduced a new line of servo gearboxes, including the Servo Cyclo and Servo Hyponic models. The Servo Cyclo series utilizes a cycloidal disc mechanism for improved durability and quieter operation, while the Servo Hyponic® offers up to 93% efficiency with a compact, low-maintenance design. This launch reflects Sumitomo's ongoing commitment to providing reliable, energy-efficient solutions for industrial automation applications.
Major players in the precision gearbox machinery market are innovating products like planetary gearboxes to secure a competitive advantage. A planetary gearbox is a type of gear train that revolves around a central sun gear, also known as a sun wheel, while using one or more outer, or planet, gears, or pinions. For instance, in 2023, Wittenstein SE, a Germany-based technology company, launched a range of smart drive technology and cyber-motor systems at the SPS 2023 trade fair. Highlights included the miniaturized Galaxie drive, known for its high precision and compact design, making it suitable for robotics and high-performance applications. Furthermore, Wittenstein introduced the NPT planetary gearbox, recognized for its enhanced torque density and versatility. The company also showcased their digital twin and cynapse smart products, which enhance machine connectivity and facilitate predictive maintenance for improved performance and reliability.
In March 2022, Schaeffler, a German manufacturer of bearings and other components, acquired Melior Motion for an undisclosed sum. This acquisition is part of Schaeffler's strategy to enhance the robotics portfolio within the industrial division of the Schaeffler Group. Melior Motion is a Germany-based company specializing in precision gearbox machinery.
Major companies operating in the precision gearbox machinery market are Reishauer AG, Nidec Corporation, DMG Mori AG, DVS Technology Group, EMAG GmbH & Co. KG, Gleason Corporation, Liebherr-International Deutschland GmbH, Matrix Precision CO. LTD., SEW-EURODRIVE GmbH & Co KG, Siemens AG, Harmonic Drive LLC, Stöber Antriebstechnik GmbH and Co KG, Wittenstein SE, GAM Enterprises Inc., Neugart GmbH, Apex Dynamics Inc., Sumitomo Heavy Industries Ltd., Nabtesco Corporation, Wilhelm Vogel GmbH, Onvio LLC, ATLANTA Drive Systems Inc., Transprecision Gears Pvt. Ltd., DieQua Corporation, Cone Drive, Hiwin Corporation, Sureservo, Parker Hannifin Corp., DANOBAT S. Coop, Lagun Engineering, Framo Morat Group.
Asia-Pacific was the largest region in the precision gearbox machinery market in 2024. The regions covered in the precision gearbox machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the precision gearbox machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Precision gearbox machinery denotes a mechanical apparatus designed to adjust torque by precisely modulating speed, typically accomplished using at least two precision gears. In this setup, the motor unit powers one of the gears, enabling high-precision control over motion in various industrial equipment that demands strict accuracy standards.
The realm of precision gearbox machinery, several types exist, including planetary gearbox, worm gearbox, helical gearbox, bevel gearbox, spiral bevel gearboxes, and other variants. A planetary gearbox, for instance, aligns the input and output shafts. The manufacturing processes involved often encompass hobbing, grinding, turning, and honing techniques. These gearboxes support multiple shaft orientations such as coaxial, right-angled, and parallel shift, finding application across diverse industries like machine tools, material handling, packaging, robotics, automotive, off-road vehicles, wind towers, agriculture, railways, and marine sectors.
The precision gearbox machinery market research report is one of a series of new reports that provides precision gearbox machinery market statistics, including precision gearbox machinery industry global market size, regional shares, competitors with a precision gearbox machinery market share, detailed precision gearbox machinery market segments, market trends and opportunities, and any further data you may need to thrive in the precision gearbox machinery industry. This precision gearbox machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The precision gearbox machinery market consists of sales of gearmotors or mobility, stepper, flange gearboxes, and other types. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Precision Gearbox Machinery Market Characteristics3. Precision Gearbox Machinery Market Trends and Strategies4. Precision Gearbox Machinery Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Precision Gearbox Machinery Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Precision Gearbox Machinery Market34. Recent Developments in the Precision Gearbox Machinery Market
5. Global Precision Gearbox Machinery Growth Analysis and Strategic Analysis Framework
6. Precision Gearbox Machinery Market Segmentation
7. Precision Gearbox Machinery Market Regional and Country Analysis
8. Asia-Pacific Precision Gearbox Machinery Market
9. China Precision Gearbox Machinery Market
10. India Precision Gearbox Machinery Market
11. Japan Precision Gearbox Machinery Market
12. Australia Precision Gearbox Machinery Market
13. Indonesia Precision Gearbox Machinery Market
14. South Korea Precision Gearbox Machinery Market
15. Western Europe Precision Gearbox Machinery Market
16. UK Precision Gearbox Machinery Market
17. Germany Precision Gearbox Machinery Market
18. France Precision Gearbox Machinery Market
19. Italy Precision Gearbox Machinery Market
20. Spain Precision Gearbox Machinery Market
21. Eastern Europe Precision Gearbox Machinery Market
22. Russia Precision Gearbox Machinery Market
23. North America Precision Gearbox Machinery Market
24. USA Precision Gearbox Machinery Market
25. Canada Precision Gearbox Machinery Market
26. South America Precision Gearbox Machinery Market
27. Brazil Precision Gearbox Machinery Market
28. Middle East Precision Gearbox Machinery Market
29. Africa Precision Gearbox Machinery Market
30. Precision Gearbox Machinery Market Competitive Landscape and Company Profiles
31. Precision Gearbox Machinery Market Other Major and Innovative Companies
35. Precision Gearbox Machinery Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Precision Gearbox Machinery Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on precision gearbox machinery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for precision gearbox machinery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The precision gearbox machinery market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Planetary Gearbox; Worm Gearbox; Helical Gearbox; Bevel Gearbox; Spiral Bevel Gearboxes; Other Types2) by Manufacturing Process: Hobbing; Grinding; Turning; Honing
3) by Shaft Orientation: Coaxial; Right Angled; Parallel Shift
4) by Application: Machine Tools; Material Handling; Packaging; Robotics; Automobile; Off-Road Vehicles; Wind Towers; Agriculture; Railways; Marine
Subsegments:
1) by Planetary Gearbox: Single-Stage Planetary Gearbox; Multi-Stage Planetary Gearbox2) by Worm Gearbox: Single-Thread Worm Gearbox; Multi-Thread Worm Gearbox
3) by Helical Gearbox: Parallel Shaft Helical Gearbox; Inline Helical Gearbox
4) by Bevel Gearbox: Straight Bevel Gearbox; Angular Bevel Gearbox
5) by Spiral Bevel Gearbox: Right-Angle Spiral Bevel Gearbox; High-Speed Spiral Bevel Gearbox
6) by Other Types: Rack and Pinion Gearbox; Cycloidal Gearbox; Harmonic Drive Gearbox
Key Companies Mentioned: Reishauer AG; Nidec Corporation; DMG Mori AG; DVS Technology Group; EMAG GmbH & Co. KG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Precision Gearbox Machinery market report include:- Reishauer AG
- Nidec Corporation
- DMG Mori AG
- DVS Technology Group
- EMAG GmbH & Co. KG
- Gleason Corporation
- Liebherr-International Deutschland GmbH
- Matrix Precision CO. LTD.
- SEW-EURODRIVE GmbH & Co KG
- Siemens AG
- Harmonic Drive LLC
- Stöber Antriebstechnik GmbH and Co KG
- Wittenstein SE
- GAM Enterprises Inc.
- Neugart GmbH
- Apex Dynamics Inc.
- Sumitomo Heavy Industries Ltd.
- Nabtesco Corporation
- Wilhelm Vogel GmbH
- Onvio LLC
- ATLANTA Drive Systems Inc.
- Transprecision Gears Pvt. Ltd.
- DieQua Corporation
- Cone Drive
- Hiwin Corporation
- Sureservo
- Parker Hannifin Corp.
- DANOBAT S. Coop
- Lagun Engineering
- Framo Morat Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 5.89 Billion |
| Forecasted Market Value ( USD | $ 7.72 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
