US Industrial Gearbox Market

ID: MRFR/E&P/11282-CR

100 Pages

Garvit Vyas

December 2023

US Industrial Gearbox Market Research Report Information By Type (Planetary, Helical, Bevel, Spur, and Worm), By Plan (Equal Hub and Calculated Pivot), By Part (Stuff, Shaft, and Bearing), By Industry (Development, Power Age, Modern, Material Dealing, Marine, and Wind Force), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035

US Industrial Gearbox Market Infographic

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Summary Download PDF

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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US Industrial Gearbox Market Summary

The US Industrial Gearbox Service market is projected to grow from 3250 USD Million in 2024 to 5120 USD Million by 2035.

Key Market Trends & Highlights

Industrial Gearbox Service Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 4.22 percent from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 5120 USD Million, indicating robust growth opportunities.
In 2024, the market is valued at 3250 USD Million, reflecting the current demand for industrial gearbox services.
Growing adoption of automation technologies due to increased efficiency requirements is a major market driver.

US Industrial Gearbox Market

CAGR

4.22%

Market Size & Forecast

2024 Market Size	3250 (USD Million)
2035 Market Size	5120 (USD Million)
CAGR (2025 - 2035)	4.22%

Major Players

Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

Key Companies in the US Industrial Gearbox Market market include

Report Scope

Report Attribute/Metric	Details
Market Size 2022	USD 26.9 Billion
Market Size 2023	USD 28.05 Billion
Market Size 2032	USD 39.29 Billion
Compound Annual Growth Rate (CAGR)	4.30% (2023-2032)
Base Year	2022
Market Forecast Period	2023-2032
Historical Data	2018- 2022
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Design, Part, Industry, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Parsons Peebles LTD (UK), GBS Gearbox Services International (Switzerland), David Brown Santasalo (UK), Greater (US), Triveni Engineering & Industries Ltd. (India), Kumera Corporation (Finland), , Sumitomo Heavy Industries, Ltd (Japan), Horner Industrial Group (Indiana), Sew-Eurodrive (Germany), Elecon Group Company Limited (India), Fluor Corporation (US), Artec Machine Systems (US), Dana Limited (US), PG Drive (India), and Unico Mechanical (US)
Key Market Opportunities	Rise in the number of applications in renewable energy
Key Market Dynamics	Rapid growth of the construction industry in developing nations

FAQs

What is the current market size of the US Industrial Gearbox Market?

The US Industrial Gearbox Market is valued at approximately 4.5 billion USD in 2024.

What is the projected market size for the US Industrial Gearbox Market in 2035?

The market is expected to reach a valuation of 7.5 billion USD by 2035.

What is the expected CAGR for the US Industrial Gearbox Market from 2025 to 2035?

The expected CAGR for the market during this period is 4.753 percent.

Which type of gearbox is expected to dominate the market in 2035?

The Planetary gearbox is projected to dominate with an expected value of 2.0 billion USD in 2035.

Who are the key players in the US Industrial Gearbox Market?

Key players include Emerson Electric, Regal Beloit, Dunkermotoren, Parker Hannifin, and ABB among others.

What is the growth outlook for the Helical gearbox segment in the market?

The Helical gearbox segment is expected to grow to 2.5 billion USD by 2035.

How has the Bevel gearbox segment performed in terms of market value?

The Bevel gearbox segment is anticipated to grow from 0.8 billion USD in 2024 to 1.3 billion USD in 2035.

What trends and opportunities are emerging in the US Industrial Gearbox Market?

Emerging trends include increasing automation and demand for energy-efficient solutions, driving opportunities in the market.

What is the market value of the Spur gearbox segment in 2024?

The Spur gearbox segment is valued at approximately 0.7 billion USD in 2024.

How does the current economic landscape impact the US Industrial Gearbox Market?

The current economic landscape creates both challenges and growth opportunities, particularly in automation and sustainability.

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