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.
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 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.
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.
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.
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.
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.
1. Executive Summary
2. Gearboxes and Crushers Market Snapshot
2.1. Gearboxes and Crushers Market Outlook
2.2. Gearboxes and Crushers Industry Analysis
126.96.36.199. Material Handling
188.8.131.52. Power Generation
2.3. Region Overview
2.3.1. North America
2.3.2. Latin America
2.3.3. Asia Pacific
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
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.
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.
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