Growth in the gearbox manufacturing industry in India has been fuelled by the industrialization, urbanization and automation in various sectors. Integral to the transmission of mechanical power are gearboxes used in the automotive, industrial machinery, wind energy and construction industries. In doing so, this has fueled robust demand for high quality, reliable gearbox solutions which are custom fit for certain use cases. The booming automotive industry is one of the key drivers of the gearbox market as a large volume constitutes a major segment of this market. As electric vehicle (EV) adoption rises, there is demand for specialized gearboxes that can handle higher torque and maintain efficiency. Indian gearbox manufacturers have invested a lot in R&D to serve the need of evolving automotive industries both domestically and internationally and provide the products like automatic, semi-automatic and manual transmission gearboxes.
In addition, around sectors such as mining, construction and heavy machinery contribute largely in market growth. In addition, the wind energy sector has become the largest end user of gearboxes, which are required in wind turbines for power transmission. As India continues to move towards renewable energy, wind turbine gearboxes are likely to be in demand and that will be a good thing for manufacturers in the country. The adoption of Industry 4.0 practices including AI, IoT and predictive maintenance into manufacture of gearbox is transforming the landscape. The purpose of this shift is to enhance product quality, increase operational efficiency and reduce downtime. The Indian gearbox manufacturing market, on the whole, has almost limitless potential, with increasing industrial applications and export possibilities.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.
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