Magazine
Over the years, the Precision Gears market in India has been experiencing exponential growth. Several types of researches conducted by analysts predict that this market is estimated to reach 684million dollars by 2025, growing at a CAGR of 6.4 percent from 2020 to 2025. The rising demand from several application industries, particularly automobile, robotics, aerospace and military, is expected to simulate this market growth. In conjunction with this, the rapidly increasing demand for automation at manufacturing facilities will further catapult this market growth to newer heights.
Various advancements in technology have driven up the demand for machine tools and industrial robots, propelling this market growth even further. While this may prove to be a lucrative sector, meeting every customer requirement is essential for suppliers to continue maintaining relevance in this market. Customers expect flexibility and high-quality products delivered within a stipulated timeframe. Current market trends show customers deviating from the Chinese suppliers and fast approaching Indian suppliers but expect the same price range yet superior quality. Selecting the right supplier to work with is of the essence.
Carving a niche for itself is Pragati Transmission, headquartered in Bangalore, a professionally managed company that is engaged in manufacturing, supplying and exporting precision gears used in automobiles, industrial gearboxes, power tools, machine tools and aerospace applications. Unlike most suppliers that only cater to the automobile industry, the company focuses on catering to a broad range of industry verticals with its comprehensive suite of products. “We specialize in manufacturing gears and now we are involved in manufacturing specialized gearboxes as per the customer’s requirements as well,” informs Prakash Kadam, Managing Director of Pragati Transmissions.
Ensuring High Quality Products
Delving deeper into the company’s offering, Pragati Transmission holds one of the leadership positions in the market for the quality and performance of its components that include precision gears, gear shafts, worm gears, spiral and hypoid bevel gears and power tool components. In addition to this, the company offers job work facilities on CNC gear grinding, spiral bevel gear cutting, CMM and CNC gear testing among others.
We specialize in manufacturing gears and now we are involved in manufacturing specialized gearboxes as per the customer’s requirements
Dedicated toward delivering products of superior quality, the company made major investments in its manufacturing equipment to effortlessly deliver worldclass quality gears that can be produced in large volumes consistently. “We have high-cost equipments which are required in this segment for us to prosper. When we invest in high-cost equipment, we need to make sure how much we invest, and the precision we can attain,” explains Prakash.
The company predominantly caters to four major segments which are aerospace & defence, machine tools, gear boxes and power tools, with the demand volume from each sector set in ascending order. Each segment has been allotted its own team of experts to address the various client requirements. Incepted in 2006, the company has catered to a gamut of well-renowned customers. Gaining a strong foothold in this sector, Pragati envisions continuing to maintain its leadership position in the market with its expansive portfolio of products.
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