Global Gear Motor Market Size To Exceed USD 52.46 Billion By 2033 | CAGR of 7.79%
Category: Semiconductors & ElectronicsGlobal Gear Motor Market Size To Exceed USD 52.46 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Gear Motor Market Size Expected to Grow from USD 24.78 Billion in 2023 to USD 52.46 Billion by 2033, at a CAGR of 7.79% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Gear Motor Market Size, Share, and COVID-19 Impact Analysis, By Type (Helical Gear, Planetary Gear, Helical-Bevel Gear, Worm Gear, and Others), By Rated Power (Up to 7.5 kW, 7.5 kW to 75 kW, and Above 75 kW), By Torque (up to 10,000 Nm and Above 10,000 Nm), By End Use (Industrial Machinery, Automotive, Aerospace & Defense, Consumer Electronics, Agriculture, Energy & Power, Marine, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/gear-motor-market
The global gear motor market refers to the industry involved in the production, distribution, and use of gear motors, which are electric motors coupled with gears to reduce speed while increasing torque. These motors are commonly used in applications requiring precise movement and control, such as in conveyors, industrial machinery, robotics, automotive, and HVAC systems. Key driving factors for the growth of the gear motor market include the increasing demand for energy-efficient solutions, the rise of automation across industries, and the growth of infrastructure and manufacturing sectors, particularly in emerging economies. Additionally, the expanding use of gear motors in renewable energy systems, such as wind turbines, further fuels market demand. However, restraining factors include the high initial cost of advanced gear motors, technical complexities in design and integration, and the potential for maintenance challenges in certain applications.
The helical gear segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of type, the global gear motor market is divided into helical gear, planetary gear, helical-bevel gear, worm gear, and others. Among these, the helical gear segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to their compact size. It is extensively used in several industrial applications, such as the construction of cement, plastics, rubber, and other heavy industrial environments.
The up to 7.5 kW segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of rated power, the global gear motor market is divided into up to 7.5 kW, 7.5 kW to 75 kW, and above 75 kW. Among these, the up to 7.5 kW segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. 7.5 kW motors are used in different application fields, including workshop power tool spare parts, column drills, automation, industrial use, and conveyor belt handling. They are built with an aluminum casing for low power and a cast iron casing for high power.
The up to 1,000 Nm segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of torque, the global gear motor market is divided into up to 10,000 Nm and above 10,000 Nm. Among these, the up to 1,000 Nm segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment is driven because it provides benefits like drastic speed reduction, low maintenance, highly customizable, flexible, etc. It is applied in food processing, factory automation, medical devices, heavy-duty conveyor systems, etc.
The industrial machinery segment accounted for the highest share in 2023 and is anticipated to grow at significant CAGR during the forecast period.
On the basis of end use, the global gear motor market is divided into industrial machinery, automotive, aerospace & defense, consumer electronics, agriculture, energy & power, marine, and others. Among these, the industrial machinery segment accounted for the highest share in 2023 and is anticipated to grow at significant CAGR during the forecast period. The segment is driven because industrial machinery consists of an expansive range of equipment and processes, ranging from pumps and conveyors to crushers and mixers. Gear motors are a part of these systems, necessary for transmitting the power and torque to execute a multitude of mechanical actions.
Asia Pacific is anticipated to hold the largest share of the global gear motor market over the predicted timeframe.
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Asia Pacific is anticipated to hold the largest share of the global gear motor market over the predicted timeframe. This region is based on increasing construction sectors and power generation processes. The industrial players well understand the significance of energy technology development and its effects on the energy and power industries. Geared motors are extensively applied in coal power plants and wind power.
North America is expected to grow at the fastest CAGR in the global gear motor market during the forecast period. The implementation of advanced technologies, like robotics, automation, and Industry 4.0, has raised the demand for high-performance gear motors. These technologies necessitate gear motors that are precise, reliable, and efficient, and this fuels demand in the region. The region also has strict regulatory standards and industry certifications for equipment and machinery, such as gear motors.
Major vendors in the global gear motor market are Siemens, Eaton, SEW-EURODRIVE, Johnson Electric Holdings Limited, WEG Gear Systems GmbH, Bauer Gear Motor, Emerson Electric Co., Sumito Drive Technologies, ABB, Regal Rexnord, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In February 2023, Bonfiglioli introduced the EVOX CP Series, a helical in-line gearbox with a smooth surface that gives high performance at a great value. This series can be combined with a wide range of electric motors.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global gear motor market based on the below-mentioned segments:
Global Gear Motor Market, By Type
- Helical Gear
- Planetary Gear
- Helical-Bevel Gear
- Worm Gear
- Others
Global Gear Motor Market, By Rated Power
- Up to 7.5 kW
- 7.5 kW to 75 kW
- Above 75 kW
Global Gear Motor Market, By Torque
- up to 10,000 Nm
- Above 10,000 Nm
Global Gear Motor Market, By End Use
- Industrial Machinery
- Automotive
- Aerospace & Defense
- Consumer Electronics
- Agriculture
- Energy & Power
- Marine
- Others
Global Gear Motor, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- 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 the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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