Middle East & Africa precision gearbox market to see 3.4% CAGR up to 2027

The precision gearbox market is expected to witness substantial growth by 2027 owing to the mounting demand for precision gearboxes across varied end-use verticals. Additionally, the increasing integration of automation along diverse industries is projected to further boost market growth over the forecast period.

The COVID-19 pandemic has impacted virtually all industries across the globe, particularly the packaging industry. Increased consumer focus on hygienic and secure packaging, coupled with the COVID-induced e-commerce boom, has propelled the growth of the packaging sector. An efficient packaging machine needs to move at a consistent pace and achieve precise positioning and repeatability to accommodate proliferating consumer demands.

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The precision gearbox market has been bifurcated on the basis of material, application, and region. In terms of application, the market has further been divided into military & aerospace, medical, materials handling, machine tools, robotics, packaging, food, beverage & tobacco, and others.

The military & aerospace sub-segment is anticipated to witness considerable growth at a CAGR of approximately 6% through the assessment period. Surging requirement of high precision machineries for manufacturing components in the aviation industry and for military equipment is expected to fuel segmental adoption through the assessment timeframe.

The precision gearbox market from the medical application segment is estimated to progress at a notable pace over 2021-2027. Increasing product demand in emerging regions is expected to bolster market expansion over the projected timeline.

From the perspective of region, the Middle East & Africa precision gearbox market is estimated to rise at a steady CAGR of around 3.4% through the analysis period. Industry players are expanding their service range to enhance revenue generation, which is likely to contribute to segmental growth through 2027.

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Partial Chapter of the Table of Content

Charts & Figures

FIG. 1    Precision gearbox market segmentation

FIG. 2    Industry Size and forecast, (USD Million) 2017 - 2027

FIG. 3    Industry ecosystem analysis

FIG. 4    Growth potential analysis

FIG. 5    Porter’s analysis

FIG. 6    PESTEL analysis

FIG. 7    Cost structure analysis

FIG. 8    market share by product, 2020 & 2027

FIG. 9    market share by application, 2020 & 2027

FIG. 10    Precision gearbox market share by region, 2020 & 2027

FIG. 11    SWOT analysis, ABB Ltd

FIG. 12    SWOT analysis, Bonfiglioli

FIG. 13    SWOT analysis, Emerson

FIG. 14    SWOT analysis, Rexnord

FIG. 15    SWOT analysis, SEW Eurodrive

FIG. 16    SWOT analysis, Siemens

FIG. 17    SWOT analysis, Brevini Power Transmission

FIG. 18    SWOT analysis, Cone Drive Operations

FIG. 19    SWOT analysis, Curtis Machine Company

FIG. 20    SWOT analysis, David Brown Engineering

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