Precision Gearbox Machinery Market: Future Demands and Projected Industry Growths to 2028
The APAC precision gearbox machinery market is poised to record appreciable gains through 2028 considering the increase in trade exhibitions and fairs. Once such event is the 2021 ASIA International Power Transmission and Control Technology Exhibition that was organized in October 2021 at the New Shanghai International Expo Center.
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Numerous companies are forging collaborative agreements with the gear box providers for the expansion of their robotics portfolio and the development of better products. For instance, in January 2022, German company Schaeffler inked an agreement for the acquisition of Melior Motion.
The takeover of this supplier of precision gearboxes for robotics and other applications in the field of automation is expected to help in the expansion of the company’s robotics portfolio.
The introduction of cycloidal gears has opened doors to a series of vital growth opportunities for precision gearbox machinery market players. This can be attributed to the electrification of the drive train that has offered a series of new and sustainable paths to the automotive sector, leading to the discontinuation of the outdated methods of production.
Not to mention, the high precision and power density of these gears helps in the reduction of machining times, enhancement of productivity, improvement of product quality, and the reduction of costs. The worldwide precision gearbox machinery market size is expected to cross USD 8 billion until 2028.
Prominent participants across the precision gearbox machinery market include DVS Technology Group, DANOBAT S. Coop, Nidec Corporation, J.G. WEISSER SOHNE GmbH & Co. KG, Lagun Engineering, Matrix Precision Co., Ltd., Gleason Corporation, Starrag Group Holding AG, Reishauer AG, and others. These companies are showing a keen interest in the formulation and adoption of corporate strategies such as mergers, acquisitions, collaborative agreements, and the development of different types of gear boxes for the consolidation of their position in the market.
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Some Point from Table of Contents:
Chapter 5 Precision Gearbox Machinery Market, By Manufacturing Process
5.1 Precision gearbox machinery market, by manufacturing process, 2021 & 2028
5.2 Hobbing
5.2.1 Market estimate and forecast 2018 - 2028
5.2.2 Grinding
5.2.3 Turning
5.2.4 Honing
Chapter 6 Precision Gearbox Machinery Market, By Product
6.1 Precision gearbox machinery market, by product, 2021 & 2028
6.2 Planetary
6.2.1 Market estimate and forecast 2018 - 2028
6.3 Right angle
6.3.1 Market estimate and forecast 2018 - 2028
6.4 Parallel
6.4.1 Market estimate and forecast 2018 - 2028
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