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News  ›  GlobeNewswire Inc.

Industrial Gearbox Market Size to Exceed USD 45.53 Billion by 2033 | Report by SNS Insider

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Sns Insider
Industrial Gearbox Market Size to Exceed USD 45.53 Billion by 2033 | Report by SNS Insider

The industrial gearbox market is expected to grow at a CAGR of 3.98-4.50% through 2033, driven by manufacturing automation, smart manufacturing trends, and renewable energy expansion. However, high manufacturing costs and complex installation requirements pose challenges, particularly for small-to-medium enterprises. Helical gearboxes dominate by type, while the manufacturing sector leads by end-user, with Asia Pacific commanding 36.58% market share.

Insights
SIEGY   positive

Siemens introduced the SIMOGEAR Generation X.e series in March 2025, demonstrating innovation and market leadership in next-generation industrial gearbox technology with expanded torque ranges and modular designs.