Procurement Resource Thumbnail Book Image

Global Gearboxes and Crushers Industry Report: Country Overview; Recent Events; Value Chain Analysis; Production Process; Cost Structure; Market Dynamics: Drivers & Constraints, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Gearboxes and Crushers Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices


The global Gearboxes and Crushers market reached a value of about USD 36.3 billion in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about USD 43.3 billion by 2027.

The global Gearboxes and Crushers industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rise in construction activity is primarily driving the market's growth. The Asia Pacific is the highest category spender by region, driving the demand for the Gearboxes and Crushers industry.

Industry Definition and Segmentation

An industrial gearbox is an enclosed system device that transmits mechanical energy from one device to another to increase torque while slowing down. A gearbox is preferred for boosting speed and lowering torque. Material handling equipment, conveyors, crushers, cranes, cooling towers, and other critical applications are all included in these boxes.

Crushers are employed to reduce the size of waste materials, modify their shape to be disposed of or recycled more readily, or reduce the size of a solid combination of raw materials to distinguish pieces of various compositions. The Gearboxes and Crushers industry report comprises segments by gearboxes (Material Handling, Power Generation, Mining, Marine, and Others), crushers (Mining, Construction and Others) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific holds a significant share in the industry because India and Southeast Asia are building economies in various ways, including infrastructure investment, increased electricity consumption, growth in the healthcare industry, increased industrial and commercial activity, and other causes. The market is also witnessing growth due to the rising energy consumption and increased investment in creating infrastructure for the commercial and healthcare industries.

The market drives the developing infrastructure sector and the growing energy sector. As a result of rapid industrialisation and urbanisation, the construction sector will advance, increasing crusher demand. Material handling equipment, conveyors, crushers, cranes, and cooling towers are heavily employed in the industry. Moreover, several gears are utilised in the manufacturing business during the production process. They're used in various raw material rolling, processing, and refinement applications, thus augmenting the industry's expansion.

However, the slowdown in the mining sector is likely to hamper the industry's development.

Best Procurement Practices

The global Gearboxes and Crushers industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by primary global Gearboxes and Crushers regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

A gearbox typically has two sets of gears: the input and output. The input gears are single units since they are fixed on the countershaft. It rotates freely on the bearings and powers the different gears on the main shaft. As a result, depending on the equipment on the main post, the gearbox transmits power to the wheels. Furthermore, when you move the central stick by pushing the shifter sleeve towards the appropriate gear, the gear latches onto it and turns it. As a result, the main shaft rotates at the speed of the engaged gear and generates output following the involved gear's ratio.

A compressive force is used in jaw crushers to break down extensive materials into smaller, more manageable bits. It features two crushing jaws that apply mechanical pressure to the materials to crush them. The materials are dropped off through the crushing chamber formed by the two vertical crushing jaws. It got its name because the entrance starts large and gradually narrows to a V, where the crushed materials go.

Technological Advancements Paired with Government Initiatives, Further Propelling the Procurement of Gearboxes and Crushers

The industry is being propelled by introducing several new technologies for automated and highly efficient industrial applications, such as artificial intelligence and robotics. The adoption of Industry 4.0 trends for industrial gearboxes is furthering the market growth. The installation of industrial gearboxes is aided by the introduction of stringent government requirements for regulating noise pollution and financial incentives to develop clean and safe power sources.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Gearboxes and Crushers Industry Report

  • ABB Ltd.
  • Siemens AG
  • Watt Drive Antriebstechnik GmbH
  • Metso Oyj
  • Terex Corporation

Market Landscape

Many small firms supply gear to numerous end-use sectors in the worldwide market, which is highly fragmented. Many companies are working to meet the growing demand for gearboxes from industries worldwide. The Vision 2020 strategy framework was developed to achieve short-term success, medium-term core reinforcement, and long-term scale-up. These companies have used growth methods such as new product releases and contracts and agreements to get a more significant proportion of the industrial gearbox market.

Key Initiatives by Companies

  • In March 2021, Bonfiglioli paid USD 8,099,56 million to Bentivoglio (BO) for the Sampingranaggi (Euro 7,158 million). The deal covers the Italian and Chinese Sampingranaggi firms' assets, including warehouses, patents, designs, robotics products, and all their employees.

1.    Executive Summary
2.    Gearboxes and Crushers Market Snapshot
    2.1.    Gearboxes and Crushers Market Outlook
    2.2.    Gearboxes and Crushers Industry Analysis 
        2.2.1.    Gearboxes
            2.2.1.1.    Material Handling
            2.2.1.2.    Power Generation
            2.2.1.3.    Mining
            2.2.1.4.    Marine
            2.2.1.5.    Others
            2.2.2.    Crushers
            2.2.2.1.    Mining
            2.2.2.2.    Construction
            2.2.2.3.    Others
    2.3.    Region Overview
        2.3.1.    North America
        2.3.2.    Latin America
        2.3.3.    Asia Pacific
        2.3.4.    Europe
        2.3.5.    Middle East/Africa
3.    Impact of Recent Events 
4.    Gearboxes and Crushers Value Chain Analysis 
5.    Gearboxes and Crushers Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Gearboxes and Crushers Cost Structure
9.    Gearboxes and Crushers Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Gearboxes and Crushers Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    Swot Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New Entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Industry Best Practices
    13.1.    Sourcing Strategy
    13.2.    Procurement Model
    13.3.    Contract Structure
    13.4.    Negotiation Levers
    13.5.    Pricing Model
    13.6.    Key Factors Influencing the Quotation 
14.    Key Supplier Analysis
    14.1.    ABB Ltd.
    14.2.    Siemens AG
    14.3.    Watt Drive Antriebstechnik GmbH
    14.4.    Metso Oyj
    14.5.    Terex Corporation

Request Sample
Key Questions Answered in the Report

The global Gearboxes and Crushers market size was valued at USD 36.3 billion in 2021.

In the gearbox segment, material handling is the leading segment, and in the crusher, it is mining. This is anticipated to lead the market between the period 2022 – 2027.

The significant demand for machinery in industrial applications is one of the essential drivers of the Gearboxes and Crushers market growth.

ABB Ltd., Siemens AG, Watt Drive Antriebstechnik GmbH, Metso Oyj, and Terex Corporation are some of the key companies in the market.

The Asia Pacific region of the Gearboxes and Crushers industry holds a significant share in the market.

Analyst Review

The global Gearboxes and Crushers market attained a value of USD 36.3 billion  2021, driven by the developing infrastructure sector and the growing energy sector. Aided by the introduction of several new technologies for automated and highly efficient industrial applications, such as artificial intelligence and robotics, Industry 4.0 trends paired with several government initiatives, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3%. The market is projected to reach USD 43.3 billion by 2027. Some of the leading players in the industry are ABB Ltd., Siemens AG, Watt Drive Antriebstechnik GmbH, Metso Oyj, and Terex Corporation.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

Compare test & Choose the Right Report Version for You

Why Procurement Resource?

RIGHT PEOPLE

At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.

RIGHT METHODOLOGY

We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.

RIGHT PRICE

Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.

RIGHT SUPPORT

Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.

Similar Reports
Global Artificial Intelligence Industry Report: Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global Artificial Intelligence market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.

Read More
Global Nutmeg Industry Report: Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global nutmeg market reached a value of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027 to reach a value of around 180 thousand tonnes by 2027.

Read More
Global HEOR Service Industry Report: Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.

Read More

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news