Gearbox is a device used to change the speed of motor. The motors assembled with a gearbox, to reduce speed, which makes more torque available. Gearmotors delivers high torque at low speed making it more useful for industrial applications that need a lot of force to move heavy objects. The gearbox and gearmotor industry is expanding owing to rising industrialization and infrastructural development activities. In order to meet the increasing need of growing population there is continuous investments going on industries such as textile, food and beverage, pharmaceuticals, pulp and paper will create a demand for gearbox and gearmotor market across regions.