Market Overview

The size of the global industrial gearbox market was around USD 29.3 billion in 2023, and it is expected to reach USD 39.8 billion by 2030, advancing at a CAGR of 4.5% over the forecast period.

One of the important factors that bolster the growth in the market is the escalating tendency of the farmers and the other sectors such as food processing, industrial manufacturing, and so on towards the adoption of these components. Besides, energy-efficient gearboxes are required in less electricity usage to reduce environmental impacts, which in turn will promote the demand for the gearboxes.

Automation technology is contributing to the growth of the robotics industry, which is increasing the industrial gearbox demand as this equipment is used for the accurate control of a robotic arm’s speed and torque. The sustained growth of regions that deal with robotics and also new gadgets in the gearbox, thanks to development investments and constant product innovations, is the trend.

To cope with the rising global energy consumption, the executive Government is taking recourse to policies and schemes focused on the power generation sector. The use of industrial gearboxes in wind parks and hydroelectric power plants provides the most robust impetus for the growth of the market. In windmills, they connect the main rotary shaft given the alternator at two ends, while in hydroelectric plants, they are installed between the turbine shaft and the AC generator.

Key Insights

• Helical gearboxes dominated with a 35% market share in 2023.
• Features winding tooth lines and parallel shafts for efficient operation.
• Stronger teeth seamlessly blended for larger load transmission with less dynamic load.
• Offers lower vibrations and noise levels.
• Planetary gearboxes are the fastest-growing category with an expected CAGR of 4.9% (2024–2030).
• Widely used in steel plants, wind turbines, agriculture, cement, and mining.
• Utilized as rotation multipliers, powered by hydraulic/electric motors or combustion engines.
• Parallel axis gearboxes held a 45% market share in 2023.
• Efficient operation at low and medium speeds, commonly used in manufacturing.
• Angled axis gearboxes show the fastest growth at a predicted 4.8% CAGR (2024–2030).
• Offer sliding and rolling contact with increased contact area, facilitating moderate interaction.
• The power generation category dominated with a 25% market share.
• Driven by rising energy demand, increased power generation, and growth in renewable energy sectors.
• The manufacturing industry is the fastest-growing category with a predicted 5.2% CAGR (2024–2030).
• Vital in industries like steelmaking, food & beverage, chemicals, and heavy engineering.
• Government initiatives like Made in China 2025, Making Indonesia 4.0, and make in India drive market growth.
• Asia-Pacific held the largest global market share of around 50% in 2023.
• It is the same that the great production places are present: China, Japan, and India.
• Unlike the conventional power generation industrial machineries, the wind power projects entail more usage of industrial gearboxes. The demand for gearboxes surges due to this.
• Growth in engineering technologies and automation led to an increase in gearbox revenue from the sales side.
• The government initiatives in the field of NMCP, Make in India, and Pradhan Mantri Mudra Yojna are for accelerating the manufacturing industries growth.

Source: P&S Intelligence

Market Overview

The Central European heavy ground transportation vehicles market, encompassing trucks and buses, was valued at approximately USD 10.0 billion in 2024 and is projected to reach USD 66.6 billion by 2030, growing at a CAGR of 36.9% during this period.

Key drivers of this growth include increasing trade activities and urbanization, which elevate the demand for road freight transportation and logistics. Efficient goods transport solutions are crucial for trade, further propelling market expansion in Central Europe. Trade agreements among neighboring countries, such as Austria’s export of specialized industrial machinery and food products to Germany, Italy, Switzerland, and France, also support this growth.

The push for electrification in trucks and buses is gaining momentum due to government regulations aimed at reducing emissions, including clear targets for zero-emission technologies. The adoption of zero-emission heavy-duty vehicles (HDVs) is anticipated to rise significantly in response to manufacturer commitments and EU-wide pollution reduction policies. Improved battery technology, greater model variety, and decreasing costs of electric components are encouraging producers to innovate.

The European population continues to grow, with the urban population accounting for 75.1% of the total in 2021, and is expected to increase further. As disposable incomes rise, there is a growing reliance on sustainable public transport systems. Innovations in electric and diesel ground transport machinery present opportunities for manufacturers. In line with this trend, companies like AB Volvo have launched new products, such as a 4-meter-high variant of the double-decker Volvo 9700 DD in February 2021.

Key Insights

• Truck category expected to hold over 90% revenue share in 2024 and continue this trend.
• Growing focus on electric transmission drives market growth.
• Regional countries aim to reduce greenhouse gas emissions from road transport and oil dependency.
• Companies like AB Volvo and Mercedes-Benz invest in R&D for innovative transport solutions.
• Countries adopting electric light and heavy trucks include Austria, Czech Republic, Hungary, Poland, and Switzerland.
• Light trucks are in high demand due to affordability for small-to-mid-sized enterprises.
• Rising need for last-mile delivery services fuels growth in light truck market.
• Conventional diesel trucks dominate due to lower prices and minimal aftermarket service.
• Central European electric truck market growing due to stringent emission regulations.
• Increasing number of electric truck manufacturers entering the market.
• Overseas companies launching electric trucks in response to regional demand.
• Pilot e-truck projects by OEMs enhance adoption rates.
• Bus category projected to grow at around 7% during the forecast period.
• Increasing demand for public transportation drives bus sales in the region.
• Government initiatives promoting clean buses positively impact the market.
• EU rule aims for 25% of European buses to be electric or hybrid by 2025.
• High demand for single-decker buses from academic institutions and public transport agencies.
• Transit buses dominate the market, enhancing social inclusion and access to services.
• Poland leads the Central European truck market with an estimated 24% revenue share in 2024.
• Polish bus market expected to grow at around 11% during the forecast period.
• High export and import values enhance Poland's significance in the region.
• Poland is a major producer of both conventional and electric buses, with companies like MAN Truck & Bus expanding production.

Source: P&S Intelligence

The global fire-resistant fabrics market is witnessing growth and is projected to reach USD 5.9 billion by 2030. This growth can be credited to the increase in the demand for such materials from the chemical, oil & gas, and construction sectors. Credited to the severe guidelines for workplace safety in advanced countries.

On the basis of type, the industry is divided into treated and inherent fire-resistant fabrics.

Between these two categories, treated variants had the larger industry share, with an income of approximately USD 1.8 billion in recent years, because of their lower price. The fabric turns into fire-resistant due to its chemical treatment with additives like organophosphorus and organohalogen compounds. When exposed to fire, they quench the flames by a chemical reaction. 

On the basis of end users, the industry is divided into transportation, industrial, defense & public safety services, and others. Between these, transportation had the largest share, of over 40.0%, in recent years, and this category is projected to advance at a substantial CAGR during the projection period.

Fire-resistant fabrics are utilized during the making of aviation, automobile, marine, and railway components. The insides of cars, trainsets, and ships civilian and military aircraft are progressively being lined with fabrics that decrease the danger of a powerful fire as the guidelines on passenger & personnel security tighten throughout the globe.

One of the most vital factors that propel the demand for this material is the growing use of fire-resistant fabrics in the oil and gas sector. In this environment, users are protected from the cruel heat and hard-working conditions at examination sites and refineries by wearing this protective equipment.

Furthermore, the present government guidelines and the indirect and direct expenditures linked to workplace accidents in the oil & gas sector have significantly elevated the need for fire-resistant fabrics among conservative energy firms.

The severe workplace security guidelines in advanced countries are another key reason propelling the industry development. The major use of fire-resistant resources is in industrial security apparel at oil & gas, chemical, and construction sites.

Businesses must use these materials due to the dangerous working conditions. Such reasons have significantly elevated the need for fire-resisting fabrics as emerging countries begin to mandate shielding equipment in their manufacturing sector.

In recent years, the APAC region led the industry, with a share of over 35.0%, because of the fast economic development in emerging nations, like India and China. As the sturdiest regional market for a range of items and facilities, such as defense & public safety services, industrial protective gear, and transportation, this region is being targeted by the builders of fire-resistant fabrics.

Source: P&S Intelligence

Understanding Progressive Cavity Pumps

A Progressive Cavity Pump is a type of positive displacement pump featuring a rotor that turns inside a stator. The rotor, made of metal, rotates within a stator crafted from a rubber-like material. This design resembles a screw thread, where liquid is trapped between cavities, and the rotor's rotary motion moves the liquid from one end to the other.

These pumps are ideal for handling sensitive materials and are widely used across various industries. They provide consistent, gentle flow with minimal pulsation and adjust flow rate based on speed. Progressive cavity pumps are also used for precise dosing applications, ranging from small-scale pumps with flow rates of a few milliliters to high-performance models capable of moving up to 1000 m³/h.

Key Benefits and Market Growth

One of the primary advantages of progressive cavity pumps is their ease of flow control, achieved simply by adjusting the pump speed. The market for these pumps is expanding and is expected to reach USD 3,366 million by 2030.

Versatile Applications

The versatility of progressive cavity pumps contributes to their growing popularity across various sectors:

• Oil & Gas: Essential for handling heavy oil and viscous fluids, these pumps are crucial for efficient downhole operations and managing high viscosities.
• Wastewater Treatment: They are pivotal in treating and moving rough, viscous sludges, making them a reliable choice for wastewater management.
• Food and Beverage: Ideal for processing viscous items like sauces, syrups, and dough, these pumps ensure product quality and integrity through gentle handling.
• Chemical Processing: Suitable for a wide range of chemicals, including abrasive and corrosive liquids, their design minimizes leakage and ensures safe chemical management.
• Agriculture: Used for transporting manure, progressive cavity pumps provide an effective and dependable solution for agricultural applications.

Environmental Benefits

In an era focused on environmental sustainability, progressive cavity pumps are recognized for their eco-friendly attributes. Their gentle handling reduces the risk of spills and leaks, which can pose significant environmental hazards.

Source: P&S Intelligence