According to IMARC Group’s latest report, titled “Precision Gearbox Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global precision gearbox market is expected to exhibit a CAGR of 10.44% during 2022-2027. A precision gearbox refers to a mechanical device that is used for high-precision motion control applications. It is designed within high accuracy standards and is used to reduce inertia ratio in motors, increase or decrease torque and alter speeds under precise limits. It is commonly available in parallel, planetary and right angles variants. Precision gearboxes are compact and lightweight and offer improved efficiency, minimal backlash, and operates at low-frequency noises. As compared to traditional gearboxes, precision gearboxes are more flexible, provides enhanced accuracy and have a higher tolerance. As a result, they find extensive applications across medical, packaging, robotics, aerospace, and food and beverage (F&B) industries. preclinical cro market

Request for a PDF sample of this report: https://www.imarcgroup.com/precision-gearbox-market/requestsample The global precision gearbox market is primarily being driven by the significant growth in the automotive industry. Precision gearboxes are widely used to eliminate the clash of gears and alter speed under precise limits. Moreover, the increasing demand for tailored precision gearboxes that are lightweight and provide higher transmission accuracy are providing a considerable boost to the market growth. Other factors, including the widespread product adoption in the robotics industry and the increasing demand for automation to enhance reliability and productivity, are anticipated to drive the market further. Looking forward, IMARC Group expects the global precision gearbox market to continue its robust growth during the forecast period (2022-2027). Checkout Now: https://www.imarcgroup.com/checkout?id=3230&method=1 As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. Competitive Landscape with Key Players:

ABB Ltd.
Apex Dynamics Inc.
Bonfiglioli Riduttori S.p.A.
Dana Incorporated
Güdel Group AG
Melior Motion GmbH
Nabtesco Corporation
Neugart GmbH
Nidec-Shimpo Corporation (Nidec Corporation)
Rexnord Corporation
SEW-EURODRIVE GmbH & Co. KG
Siemens AG
The Timken Company
Wittenstein SE.

Market Segmentation: Breakup by Axis of Orientation:

In-Line/Coaxial
Right Angle
Parallel

Breakup by Gear Technology:

Planetary
Bevel
Helical
Spur
Others

Breakup by End Use Industry:

Food and Beverage
Machine Tools
Materials Handling
Packaging
Robotics
Medical
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/precision-gearbox-market Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization. About Us: IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact Us: IMARC Group 30 N Gould St Ste R Sheridan, WY 82801 USA - Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800