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France Precision Gearbox Market Growth By Material (Carbon Steel, Aluminium, Bronze, Brass, Cast Iron, Plastic), By Product, By Application (Automotive, Healthcare, Material Handling, Agriculture & Construction, Food, Stage, E-mobility, Gears/Motors, Façade Technology, Pump System, Pool Technique), By Sales Channel (OEM, Aftermarket), Industry Forecast, 2018 – 2024

Published Date: February 2019 | Publisher: Graphical Research Report ID: GR1140 | Delivery : PDF

France Precision Gearbox Market exceeded USD 67 million in 2017 and is projected to grow at over 4.8% CAGR up to 2024.

Augmenting automation demand in food beverage & tobacco industry, machine tools, packaging applications and material handling will strengthen France precision gearbox market size from 2018 to 2024. Besides, automation equipment and robots are used for doing repetitive task at enhanced output rate in manufacturing sector. Growing requirement of technologically advanced production facilities with reduced operational cost and improved output is expected to trigger the industry growth through the forecast period.

France Precision Gearbox Market

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Increasing adoption rate of robotic arms and automated systems integrated with artificial intelligence will witness high adoption rates over the coming years. Industries are investing huge amount for transforming their factories into smart factories that will be fully automated and require less labour, thereby positively influencing the France precision gearbox market growth.

France had witnessed vehicle production of approximately 2.23 million units in 2017, an increase of 6.54% over 2016. Increasing number of on-road vehicles and consumer inclination towards reduced noise operations, smoother rides & improved comfort with easy gear shifting mechanisms will trigger the industry penetration in automotive sector. Moreover, high disposable income has resulted in increased purchasing power which is expected to trigger the sales of SUV’s, luxury cars and light vehicles. This will propel the France precision gearbox market size through the forecast timeframe.

Adoption of 3D manufacturing technologies with robotic arms will provide potential growth landscape for the industry growth over the next few years. Ability to build complex shapes that are complex to manufacture by traditional techniques will foster the 3D printing demand. Utilization of the technology will help the manufacturers to reduce incremental cost in wastage, material optimization and raw material reclaim. Advancement in these additive technologies will provide strong growth opportunities in the coming years and will witness complete shift of manufacturing sector towards 3D printing.

Presence of alternative technologies such as drive systems and increasing demand for e-vehicles may hinder the growth of France precision gearbox market. These vehicles and systems have high efficiency and eliminates the requirements for gear usage. Low cost of direct drive systems owing to permanent magnetic coil drives will surge the usage of these systems, which in turn hampering the France precision gearbox market.

Right angle precision gearbox system market is expected to witness significant gains over the forecast timeframe. This can be attributed to its multiple factors such as economical availability, compact design and limited installation space required. However, low transmission torque and design complexity are expected to present considerable growth challenge over the forecast period.

France planetary precision gearbox market is expected to witness momentous growth owing to large torque to size/weight ratio and high-power transmission efficiency. Moreover, it is used in pick and place systems in unloading and loading gantry robots and packaging machinery. Some of the major industry sectors utilizing these systems include military & aerospace, rubber & plastics industry, robotic machinery in production plants, medical equipment industry that use conveyor belts, and mining machinery. Increasing application of planetary gearbox systems is expected to positively impact the overall industry size. Parallel precision gearboxes have output and input shaft aligned in parallel to each other. Moreover, it requires limited space, withstand large torque and high radial forces and creates less vibrations.

Carbon steel precision gearbox market is expected to acquire substantial volume share over the forecast timeframe. This growth can be attributed to higher strength and low material cost. Moreover, advancement in carbon steel owing to its superior watertight design required by various application will trigger the precision gearbox market growth.

Plastic material in France precision gearbox market will witness highest growth till 2024 owing to its lightweight and minimum lubrication requirement. Plastic gearboxes are preferred in applications that require less power output, low maintenance and operations include constant contact with the fluid or chemicals. Moreover, advancements in plastic manufacturing and moulding techniques will further escalate the segment growth.

Food application segment is expected to witness significant gains over the forecast timeframe owing to introduction of material handling and packaging technologies. This technology is easy to operate and aids in reducing the production times. Moreover, augmenting demands for efficient machineries with low downtimes and requirement for automation will positively influence the France precision gearbox market growth.

Escalating sales and production of vehicles across the country is expected to drive the automotive application segment. Increasing investment by manufacturers for expanding their business in the country by expanding the current production facilities or establishing new production facility will positively influence the business growth. For instance, in 2016, Cooper expanded its manufacturing facility in France.

Aftermarket segment is expected witness highest CAGR over the forecast timeframe. Continuous use of machinery in agriculture and construction industry results in increased wear and tear. Moreover, requirement of the end users to customize the operations of the systems and machines based on their requirements, will present considerable opportunities for aftermarket segment.

Some of the France precision gearbox market participants include Wittenstein SE, Nuegart GmbH, APEX Dynamics, CGI, AMIS, BCSA Gear, Penouest, Leroy Somer Motors & Drivers, Alberto Export and General Motors Strasbourg. Industry players are continuously focusing on improving the machine efficiency and reducing the logistics and operating cost. Augmenting internet usage and online platforms for purchasing the product will significantly improve the product penetration across the country. 

Increasing availability of consultation and aftersales services offered by the OEMs in accordance to the application requirements will support overall business growth. Rising requirements for automating the manufacturing plants for improving the efficiency have in turn fuelled the demand for France precision gearbox market. Moreover, the sales and production of vehicles across the country have witnessed significant rise owing improving economic condition of the country and escalating spending power of the customers which will positively influence the industry growth.

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France Precision Gearbox Market Share Statistics Analysis Report 2024

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