High Precision Planetary Gear Reducers Market Share to reach USD 1.35 billion by 2028

By Sachin Pashte  | Date: January 16, 2023

High Precision Planetary Gear Reducers Market Share to reach USD 1.35 billion by 2028

Research analysts cite that global High Precision Planetary Gear Reducers Market size was estimated at USD 847.1 million in 2021 and is likely to observe a 6.9% CAGR during the study period, thereby amassing USD 1,351.4 million by 2028.

The report on ‘Global High Precision Planetary Gear Reducers Market’ is professionally crafted to impart knowledge about macro and micro trends of the industry. It provides a holistic overview of the current situation including the factors likely to promote growth and challenges that may hamper the progress of the business landscape during the forecast years. Furthermore, key players, mergers & acquisitions, business policies, and trending innovations are evaluated in the report.

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COVID-19 Impact:

The COVID-19 had a negative impact on several industries around the world, including global high precision planetary gear reducers industry. The outbreak had an adverse effect on the global revenues because of the forced closure of numerous establishments. Besides, lockdown restrictions put in place to curb the spread of the virus resulted in imbalances in the supply chain leading to massive inflation in prices. Furthermore, the lack of consumer spending resulted in a dramatic fall in demand, which had a detrimental effect on the business climate. 

However, the industry is expected to pick up its pace during the upcoming years owing to successful vaccination campaigns.

Segmentation and Regional Analysis

Based on type, the industry is branched into linear planetary gear reducers and right angle planetary gear reducers. With respect to the application landscape, worldwide high precision planetary gear reducers market is divided into construction machinery, medical equipment, aerospace, machine tools, semiconductor equipment, textile and printing machinery, packaging machinery, food processing machinery, robots, and others.

Geographically, the key regions expected to have a significant impact on market yield during the assessment period are Asia Pacific, Europe, Latin America, Middle East & Africa, and North America.

Competitive Analysis:

Stonker, LI-MING Machinery Co. Ltd., Shanghai Lian Heng Precision Machinery Co. Ltd., Ningbo Zhongda Leader Intelligent Transmission Co. Ltd., PHT, Sumitomo Drive Technologies, ZF Friedrichshafen AG, Sesame, Hubei Planetary Gearboxes Co. Ltd., Nidec-Shimpo Corporation, ROUIST-Auto, STOBER Drives Inc., Newstart Planetary Gear Boxes Co. Ltd., Harmonic Drive systems, Apex, Flender AG, SEW, Wittenstein SE, and Neugart GmbH are the key competitors in global high precision planetary gear reducers industry.

FAQs:

How are the different segments in global high precision planetary gear reducers market bifurcated by type?

A: Linear planetary gear reducers and right angle planetary gear reducers are types of high precision planetary gear reducers assessed in the industry report.

How are the applications in global high precision planetary gear reducers market report bifurcated?

A: With respect to the application landscape, the industry is fragmented into construction machinery, medical equipment, aerospace, machine tools, semiconductor equipment, textile and printing machinery, packaging machinery, food processing machinery, robots, and others.

Which are the prominent companies influencing global high precision planetary gear reducers market dynamics?

A: Stonker, LI-MING Machinery Co. Ltd., Shanghai Lian Heng Precision Machinery Co. Ltd., Ningbo Zhongda Leader Intelligent Transmission Co. Ltd., PHT, Sumitomo Drive Technologies, ZF Friedrichshafen AG, Sesame, Hubei Planetary Gearboxes Co. Ltd., Nidec-Shimpo Corporation, ROUIST-Auto, STOBER Drives Inc., Newstart Planetary Gear Boxes Co. Ltd., Harmonic Drive systems, Apex, Flender AG, SEW, Wittenstein SE, and Neugart GmbH are the key competitors in global high precision planetary gear reducers industry.

Which geographical areas are critical to global high precision planetary gear reducers market revenue?

A: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa are the key regions contributing to market revenue.

What is the size of the worldwide market for high precision planetary gear reducers?

A: Global high precision planetary gear reducers market is anticipated to reach USD 1,351.4 million by 2028, presenting a CAGR of 6.9% during the forecast period.

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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