Industrial Gearbox Market Report 2026

The industrial gearbox market size has grown strongly in recent years. It will grow from $32.47 billion in 2025 to $34.2 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to industrial machinery expansion, demand for torque transmission, growth of mining and construction, adoption of mechanical power systems, reliance on gear-driven equipment.

The industrial gearbox market size is expected to see strong growth in the next few years. It will grow to $42.05 billion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to industry 4.0 adoption, expansion of wind energy installations, demand for predictive maintenance, growth of automated production lines, efficiency improvement initiatives. Major trends in the forecast period include adoption of high-efficiency gear systems, growth of automation in machinery, increasing demand for heavy-duty gearboxes, integration of condition monitoring technologies, expansion of renewable energy applications.

The rising adoption of industrial automation has been a key driver of the industrial gearbox market. Industrial automation systems are computerized systems that monitor and control processes, machines, or devices to perform repetitive tasks with minimal human intervention. These systems are designed to operate independently to reduce labor requirements and improve efficiency. Industrial gearboxes support automation by efficiently transmitting power, controlling speed and torque, and ensuring precise, reliable motion in automated machinery and production systems. For instance, in September 2024, according to the International Federation of Robotics, a Germany-based non-profit organization, factories worldwide installed 541,302 new industrial robots in 2023, marking the second-highest annual total on record. Therefore, the growing adoption of industrial automation is driving the industrial gearbox market.

Major companies in the industrial gearbox market are focusing on advancing digitalized automation solutions, such as faster digitalized automation, to improve operational efficiency, enhance productivity, and reduce costs by automating manual processes. Faster digitalized automation involves the rapid integration of intelligent technologies that connect people, machines, sensors, and devices in real time, enabling traditional facilities to become smart factories. These digital process automation systems enhance responsiveness, strengthen customer-centric operations, and support higher levels of product innovation by allowing companies to adopt more agile and risk-tolerant operating models. For example, in February 2023, Schneider Electric, a global provider of energy management and automation solutions, launched its Industrial Digital Transformation Services at the 27th Annual ARC Industry Leadership Forum. This global service helps industrial enterprises implement end-to-end digital automation that is sustainable, efficient, and future-ready.

In June 2025, Allison Transmission Holdings Inc., a US-based technology company, acquired Dana Incorporated’s Off-Highway business for US$2.7 billion. This acquisition enables Allison to expand its commercial-duty powertrain and industrial solutions by integrating Dana’s off-highway drivetrain, axle, and propulsion technologies to serve construction, agriculture, mining, and other industrial markets, while leveraging cross-sell and cost-synergy opportunities. Dana Incorporated is a US-based company specializing in industrial gearboxes.

Major companies operating in the industrial gearbox market are Bosch Rexroth AG, Flender GmbH, Dana Incorporated, China High-Speed Transmission Equipment Group Co. Ltd., Bonfiglioli Riduttori S.p.A., Getriebebau NORD GmbH & Co. KG, Sumitomo Heavy Industries Co. Ltd., Lenze SE, Elecon Engineering Company Limited, SEW-EURODRIVE GmbH & Co. KG, NORD Drivesystems (Getriebebau NORD GmbH & Co. KG), GearTech Inc., Essential Power Transmission Pvt. Ltd., Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd., Siemens AG, Renold Plc, Highfield Gears Limited, Griffin Gear Company, Rexnord Corporation, Cone Drive Operations, Inc., David Brown Santasalo S.A., Atlanta Gear Works, Inc., Superior Gearbox Company LLC, Dietz Electric Co. Inc., Sumitomo Drive Technologies, Inc., Apex Dynamics, Inc., ZOLLERN GmbH & Co. KG, Ashot Ashkelon Industries Ltd., Eickhoff Maschinenfabrik und Eisengießerei GmbH.

Asia-Pacific was the largest region in the industrial gearbox market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial gearbox market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial gearbox market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial gearbox market consists of sales of concentric, shaft mount, and right angle, driving shaft, clutch shaft, main shaft, layshaft, countershaft, and gear shift fork. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.

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