Industrial gearboxes market to touch Rs 2,000 Cr

By OEM Update Editorial August 14, 2017 12:57 pm IST

With growing population and increasing income levels, industries such as oil and gas, textile, food and beverage, pharmaceuticals, pulp and paper are in the process of expanding and renovating their facilities in India to meet with the increased needs of the people. Such process industries are always in expansion mode and thus they are in demand of plants and machineries which are driven by geared motors.

The global industrial gearboxes market is expected to grow at CAGR 4.4 per cent. In India, today estimated market size of industrial gearboxes is worth approximately Rs 1,500 crore. This market is expected to touch Rs 2,000 crore in coming years.

The industrial gearboxes industry in India is populated with large number of vendors. And unfortunately, because of price competition, some of the Indian manufacturers are engaged in importing substandard products from China which bears a negative impact on final equipment performance and reliability.

However customers today are more knowledgeable and looking for technically advanced products. To meet these expectations, gearbox industry is investing heavily in R&D to provide efficient gearbox systems to end-users. Therefore among all the industrial gearboxes available in the market, it is observed that planetary gearboxes have seen a recent surge in demand due to increase awareness. Among Vashi Electricals’s customer base, bevel helical gear units are becoming popular in replacing conventional gearboxes like standard worm gearboxes which are less efficient.

Vashi Electricals constantly strives to offer its customers world-class energy saving and eco-friendly products ahead of time. Being the largest authorised distributor of Bonfiglioli – one of the leading brands in gearbox industry, ensures Vashi Electricals’s capacity, capability and commitment towards their customers.

Vashi Electricals has a strong sales and service team of over 150 members across India capable of providing technical expertise required during selection of gearboxes and geared motors. With PAN India 17 locations attached with warehouses, the company is committed to offer ex-stock delivery to the nearest point of customer which helps them to save time. Also with four service stations at different locations in India, Vashi Electricals ensures after-sales service to their gearboxes and motors users. This is a value proposition to their customers.

Authored by:
Yatin Chavan
Vice President
Vashi Electricals Pvt Ltd