Europe Precision Reduction Gears Market by Product Type (Planetary, Worm, Strain Wave, and Other Product Types), Application (Industrial Robots, Medical Equipment, Semiconductor Equipment, Other Applications), and by Country–Forecast 2022 to 2032

Europe Precision Reduction Gears Market Overview:

The Europe Precision Reduction Gears Market is projected to be USD 274.4 Mn in 2021 to reach USD 503.8 Mn by 2031 at a CAGR of 6.4%.

The transmission of motion is a key prospect of mechanical engineering. There are several types of transmission techniques available, such as the belt & pulley system, the chain & sprocket system, as well as gear & gearing systems. Gears are mechanical components in machines that transmit power & motion through the successful engagement of peripheral teeth.

Gears perform key functions in various assembly lines and machines which include altering the angular orientation of rotary motion, reversing rotational direction, altering speed & power transmission ratios, as well as converting rotary to linear motion, and vice versa. Gears are designed in such a way that they impart rolling rather than sliding action between their teeth.

This action minimizes both wear & tear due to excessive friction of gear teeth. The materials used in manufacturing gears include various types of steel and non-ferrous materials.

Machining, casting, forging, stamping, and powder metallurgy are some techniques by which gears are manufactured, with machining being the most common method of all.

Various technological advancements and the adoption of robots & automation tools for more precise end-product manufacturing require high power outputs and low-loss functioning capabilities.

Precision reduction gears are key components required to achieve these operational requirements. These gears extract a high amount of power from small motors while allowing robots to function with more precise movements.

By reducing the rotational speed of small motors, they are able to deliver a high amount of torque. These gears support the flexible movement of machines and are used in the joints of industrial robots across various sectors such as in automobile manufacturing lines, semiconductor production, food manufacturing and packaging, automatic tool changers for machining centers, large antennas for communication with near-Earth satellites, medical equipment production, etc.

Precision reduction gears have a large number of gear teeth that are lightweight, compact, and have a highly rigid build that can resist overloading, and rotary vibration, with a minimal backlash, ensuring quick acceleration with smooth motion

Europe Precision Reduction Gears Market Revenue (USD Mn), 2022–2031

The COVID-19 pandemic remains a factor that has led to the disruption of manufacturing and other industrial processes, resulting in an overall global economic slowdown. Automated production lines are advantageous in this situation as they are not susceptible to this virus, and no human interaction makes it safer to produce various industry end-products.

Companies in Europe have also quickly adapted to automation as a measure to battle the onset of this COVID crisis, as such, new innovations were quickly implemented to reduce losses.

For instance, several companies adopted robotic automation lines for the manufacture of medical devices, face masks, and other essentials required to battle this pandemic. This factor is expected to augment future sales, as well as the adoption of robots, thereby further boosting revenues for this target market.

Europe Precision Reduction Gears Market Attractiveness Analysis by Product Type, 2015–2031:

The Precision Reduction Gears Market in Europe is segmented on the basis of product type, application, and country. Based on product type, the market is further categorized into – planetary, worm, strain wave, and other product types. The planetary segment is expected to create a major share, followed by the worm.

Based on application, the market is segmented into industrial robots, medical equipment, semiconductor equipment, and other applications. The industrial robot segment accounted for the highest share, owing to the increased industrialization and adoption of automation tools across various sectors.

The precision reduction gear market in Europe is segmented country-wise into Germany, France, the UK, Russia, Italy, Spain, and the rest of Europe respectively. Germany is projected to dominate the market by creating the highest share in the precision reduction gears market, followed by the UK over the forecast period.

The research report on the Europe precision reduction gears market includes profiles of some of the major companies such as:

• Nabtesco Corp
• Bonfiglioli Vectron GmbH
• Harmonic Drive SE
• Spinea S.R.O.
• Mini Gears
• Davall Gears Limited
• JG Automotive
• Bevel Gear CO.LTD. & Spiral Into CO.LTD.
• Varitron Engineering Co.Ltd.
• URETA Precision Gears
• Others

Europe Precision Reduction Gears Market Segmentation Based on Product Type, Application, and Country:

Based on Product Type:

• Planetary
• Worm
• Strain Wave
• Other Product Types

Based on Application:

• Industrial Robots
• Medical Equipment
• Semiconductor Equipment
• Other Applications

Based on Country:

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Rest of Europe

For the Europe Precision Reduction Gears Market research study, the following years have been considered to estimate the market size: