PRECISION GEARBOX MARKET ANALYSIS

Market Challenges And Opportunities

Global Precision Gearbox Market Drivers:

Increasing demand from robotics applications to drive growth of the market

The demand for installation of robots is increasing due to rise in implementation of automation technology in the production process. Growing use of robots in the industrial processes enabling the human employees to increase focus on the intellectually demanding projects. As a result the demand for precision gearboxes is increasing in robotics applications. This in turn is expected to drive growth of the global precision gearbox market over the forecast period.

Advantages of using precision gearbox to fuel growth of the market

The use of precision gearboxes is increasing across several industries including sugar, cement, rubber, and paper in order to complete their processes. The focus of gearbox manufacturers is increasing on development of technological advanced products to help minimize cost of energy, and enable companies to efficiently serve the industrial processes. Thus, industrial gearboxes are offering higher efficiency, due to which demand for this technology is increasing. These factors in turn are anticipated to propel growth of the global precision gearbox market over the forecast period.

Global Precision Gearbox Market Opportunities:

Growing demand for direct-drive actuators in robotics is expected to bring multiple opportunities in the global precision gearbox market over the forecast period. Due to the benefits of precision gearboxes such as low system complexity, lower maintenance requirement, and cost efficiency, the demand for direct-drive actuators in robotics is increasing for industrial and non-factory use is increasing rapidly. New properties used in actuators such as structural-magnetic synergy, amplified magnetics, and thermodynamic anomaly that allow the robotic design operate without gears. Thus, this factor is likely to create opportunities in the global precision gearbox market over the forecast period.

Advanced optimization to create growth opportunities in the global precision gearbox market over the forecast period. The focus of companies on using the joint efforts of humans and robots is increasing. Due to this, collaborative robots, a line of niche-specific machines is developed to amplify the productivity of manufacturing organizations. This in turn is creating demand for precision gearboxes. Thus, advanced optimization and improvement is likely to offer business opportunities in the market.

Global Precision Gearbox Market Restraints:

Gearbox failures to hinder the market growth

Failures in gearboxes can occur due to unpredictable system interactions or due to consequences of the operation modes. Mostly these failures occur due to the bearings instead of the gears. These gearboxes face major challenges such as misalignment, resonant vibration occurring due to elastic deflections, transient thermal expansion effects in the starting-up, sealing or breathing arrangements, and external contamination due to orientation. Thus, this factor is expected to hinder growth of the global precision gearbox market over the forecast period.

Availability of alternatives to hamper the market growth

A variable frequency drive can be used as an alternative to precision gearboxes. This frequency drive can vary the power supplied for matching the energy needs of the driven equipment. It further saves optimizes the consumption of energy and saves the energy. Thus, use of variable frequency drive as an alternative is expected to hamper growth of the global precision gearbox market over the forecast period.