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The size of the gear motor market was estimated at USD 24.25 billion in 2022. During the projection period (2023 - 2030), the Gear Motor market industry is anticipated to expand from USD 29.9 billion in 2022 to USD 75.9 billion. This represents a CAGR of 13.31%. Demand for motors that promise functional efficiency has increased, particularly in the agro-industries. The primary main factor accelerating market expansion is the expanding demand to use gear motors in a wide range of sectors.
Due to increasing investments, expanding performance-related concerns, and other factors like the affordability of mechanical power transmission technologies, the gear motor market is anticipated to experience potential growth and development at a rapid pace throughout the anticipated time period.
An electrically powered gear motor is utilised to produce strong force at low engine yield. These gear engines combine the engine and a reduction gear system in great detail. And by the expansion process in force to a gear extent, the gear reduction lowers the motor speed. There are four main categories of gear motors: helical gear motors, shaft-mounted gear motors, slope-equipped engines, and worm gear engines as the final category.
In comparison to induction motors, which are the most powerful type of traction motors and are commercially available, gear motors claim to be more efficient. These motors are being used by numerous industries, including textile, pulp and paper, and electronics, allowing them to produce products with higher functionalities and more features. As a result, these gear motor-related variables have raised the market CAGR for gear motors globally in recent years.
Due to a number of factors, including rising demand for high-performance, energy-efficient gear motors across a range of industries, technological advancements, and government initiatives to encourage the use of energy-efficient equipment, the gear motor market in Europe has experienced steady growth in recent years. The expanding use of automation across a number of industries is also promoting market expansion. Additionally, the UK Gear Motor market had the quickest rate of growth in the European region, while the German Gear Motor market had the largest market share.
Report Coverage
Global Gear Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Gear Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Gear Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Gear Motor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Gear Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Gear Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Eaton Corporation PLC., Siemens AG, Baldor Electric Company, Sew-Eurodrive GmbH & Co. Kg, FLENDER Group, Watt Drive Antriebstechnik GmbH, Bauer Gear Motor GmbH, Sumitomo Heavy Industries Ltd, Johnson Electric Holdings Limited, Emerson Electric Co, Elecon Engineering Company Ltd, China High-Speed Transmission Equipment Group Co. Ltd, Brevini Power Transmission S.P.A.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Gear Motor market based on the below-mentioned segments:
Global Gear Motor Market, By Type
Planetary
Helical
Helical-Bevel
Worm
Global Gear Motor market, By Industry
F&B
Material Handling
Automotive
Global Gear Motor market, Regional Analysis
Due to increasing investments, expanding performance-related concerns, and other factors like the affordability of mechanical power transmission technologies, the gear motor market is anticipated to experience potential growth and development at a rapid pace throughout the anticipated time period.
An electrically powered gear motor is utilised to produce strong force at low engine yield. These gear engines combine the engine and a reduction gear system in great detail. And by the expansion process in force to a gear extent, the gear reduction lowers the motor speed. There are four main categories of gear motors: helical gear motors, shaft-mounted gear motors, slope-equipped engines, and worm gear engines as the final category.
In comparison to induction motors, which are the most powerful type of traction motors and are commercially available, gear motors claim to be more efficient. These motors are being used by numerous industries, including textile, pulp and paper, and electronics, allowing them to produce products with higher functionalities and more features. As a result, these gear motor-related variables have raised the market CAGR for gear motors globally in recent years.
Due to a number of factors, including rising demand for high-performance, energy-efficient gear motors across a range of industries, technological advancements, and government initiatives to encourage the use of energy-efficient equipment, the gear motor market in Europe has experienced steady growth in recent years. The expanding use of automation across a number of industries is also promoting market expansion. Additionally, the UK Gear Motor market had the quickest rate of growth in the European region, while the German Gear Motor market had the largest market share.
Report Coverage
Global Gear Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Gear Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Gear Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Gear Motor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Eaton Corporation PLC., Siemens AG, Baldor Electric Company, Sew-Eurodrive GmbH & Co. Kg, FLENDER Group, Watt Drive Antriebstechnik GmbH, Bauer Gear Motor GmbH, Sumitomo Heavy Industries Ltd, Johnson Electric Holdings Limited, Emerson Electric Co, Elecon Engineering Company Ltd, China High-Speed Transmission Equipment Group Co. Ltd, Brevini Power Transmission S.P.A. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Gear Motor Market from 2021 to 2030.
- Market Forecast for Gear Motor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Gear Motor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Gear Motor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Gear Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Gear Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Eaton Corporation PLC., Siemens AG, Baldor Electric Company, Sew-Eurodrive GmbH & Co. Kg, FLENDER Group, Watt Drive Antriebstechnik GmbH, Bauer Gear Motor GmbH, Sumitomo Heavy Industries Ltd, Johnson Electric Holdings Limited, Emerson Electric Co, Elecon Engineering Company Ltd, China High-Speed Transmission Equipment Group Co. Ltd, Brevini Power Transmission S.P.A.
Primary Target Market
- Market Players of Gear Motor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Gear Motor market based on the below-mentioned segments:
Global Gear Motor Market, By Type
Planetary
Helical
Helical-Bevel
Worm
Global Gear Motor market, By Industry
F&B
Material Handling
Automotive
Global Gear Motor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the gear motor market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.