Industrial Gearbox Market

Synopsis
The above chart is Global Industrial Gearbox Market market [2016-2024] by Europe

Market Dynamics

Germany accounted for the largest market share in 2017 in the europe industrial gearbox market market, and is expected to reach usd 3346.50 million in 2024 from usd 2408.70 million in 2017.this market is projected to grow at a cagr of 4.90% during the forecast period from 2018 - 2024. helical segment accounted for the largest market share in 2017, this market is expected to reach usd 2288.30 million in 2024 from usd 1708.50 million in 2017. this market is projected to grow at a cagr of 4.36% during the forecast period from 2018 - 2024. however, planetary segment is the fastest growing market, which is expected to grow at a cagr of 4.54% during the forecast period 2018 - 2024. large above 1 mw segment accounted for the larger market share in 2017, this market is expected to reach usd 4424.60 million in 2024 from usd 3390.10 million in 2017. this market is projected to grow at a cagr of 3.98% during the forecast period from 2018 - 2024. however, small up to 55 kw segment is the fastest growing market, which is expected to grow at a cagr of 4.03% during the forecast period 2018 - 2024. above 50000 nm segment accounted for the larger market share in 2017, this market is expected to reach usd 4112.30 million in 2024 from usd 3057.50 million in 2017. this market is projected to grow at a cagr of 4.42% during the forecast period from 2018 - 2024. however, above 50000 nm segment is the fastest growing market, which is expected to grow at a cagr of 4.42% during the forecast period 2018 - 2024. industrial segment accounted for the largest market share in 2017, this market is expected to reach usd 2183.10 million in 2024 from usd 1650.10 million in 2017. this market is projected to grow at a cagr of 4.18% during the forecast period from 2018 - 2024. however, wind power segment is the fastest growing market, which is expected to grow at a cagr of 5.11% during the forecast period 2018 - 2024. parallel axis segment accounted for the largest market share in 2017, this market is expected to reach usd 4340.60 million in 2024 from usd 3219.50 million in 2017. this market is projected to grow at a cagr of 4.46% during the forecast period from 2018 - 2024. however, parallel axis segment is the fastest growing market, which is expected to grow at a cagr of 4.46% during the forecast period 2018 - 2024.