© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Precision Gearbox Market size to exceed USD 2.5 billion by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Planetary segment accounted for more than 70% of 2015 overall industry revenue. These are niche rather than standard products which provide greater volatility in the precision gearbox industry.  Parallel precision gearbox market size was over USD 200 million in The parallel gearboxes use shaft-mounted gear units on parallel axes which are ideal for use in conveyors and other material handling applications.  Ability to perform low speed cutting operations in range of different materials will increase the demand for these products in machine tool applications.  The materials handling industry is influenced by rising transportation of goods and changing overall consumption patterns. Growing consumption of fast foods in smaller packages will drive demand across the packaging sector. Key Insights from Precision Gearbox Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  U.S. F&B and tobacco industry is focused towards competitive pricing along with sustainable production, packaging, and transportation solutions. This operational efficiency can be achieved by adopting automation solutions enabling manufacturers to develop high-quality products at lower costs. Rising automation needs in the U.S. will further support the market over the next eight years.  Europe precision gearbox market share was responsible for over 30% of overall 2015 revenue and will grow significantly throughout the forecast timeline.  The industry participants focus on providing unique selling propositions by offering characteristics such as speed reducers with higher torque, high efficiency up to 96%-98% and maintenance-free construction. Some of the competitors are Brevini, SEW Eurodrive and Siemens. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Germany Precision Gearbox Market size, by application, (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Browse Full Market Research Report On Precision Gearbox Request for a Sample of this Research

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Product Analysis Increasing innovations in miniature gears had enabled companies to manufacture small, highly precise and light-weight aluminum housing gears. These are used in low backlash and high transmission accuracy requirements. High demand in processes such as transporting products on conveyor belts, precise turning, positing, fluid injection, variable acceleration in packaging and bottling plants will drive the industry share from 2016 to  Regional Analysis U.S. precision gearbox market share accounted for over 80% of the North American revenue in Rising manufacturing base with increased focus towards minimum operational costs & increased accuracy will support the demand over the forecast timeframe.  Competitive Market Share Existence of strong players such as Brevini, SEW Eurodrive, and Siemens with established brand identity and strong control over the business will pose as a challenge for new entrants. High R&D costs for ensuring more accuracy and achieving compact design acts as a barrier for market entry aspirants. 360° Analysis

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