Reports
Global Gear Motor Market: By Product Type: Gearbox, Gear Motor; By Gear Type: Helical-Bevel, Worm, Helical, Planetary, Others; By Rated Power; By Torque; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Gear Motor Market Outlook
The global gear motor market stood at a value of around USD 25.3 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5.00% to reach about USD 33.9 billion by 2027.
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Increasing Application of Helical-Bevel Gear for Various Industrial Applications is Driving the Market for Gear Motor
Helical-bevel gears facilitate smooth gear operations while reducing the noise. The high-load capacity and high output of strength exhibited by helical gear makes it applicable in various industrial applications in port and power industry, steel and rolling mill, elevators, and cutter and oil industry, among others. Over the forecast period, the increasing application of helical-bevel gears in automotive transmission of highs-speed cars, owing to less friction and wear of these gears, is likely to accelerate the demand for the product. Furthermore, the product is anticipated to witness an increased demand from heavy industrial settings such as the construction of plastics, cement, and rubber, etc.
North America Accounts for a Significant Share in the Market for Gear Motor
The market in the region is being driven by the large-scale industrialisation and construction activities going across the emerging economies such as India and China. The flourishing food and beverage and automotive industries in the region owing to the high population base and steady economic growth are furthering the demand for gear motors. Moreover, the thriving metal and mining industry in China, owing to the rising production of aluminium, steel, and zinc, is likely to generate a high demand for gear motors with decent rate of power. Furthermore, the strong foothold of major manufacturers of gearboxes and motors in the region is likely to augment the supply chain of the product.
Market Segmentation
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Gear motor is defined as an electric motor combining a gearbox. Gear motor either use AC or DC current and are generally used in applications requiring high output torque and lower speed of rotation of output shaft. These include everyday electronic operations such as conveyor systems, lifts, and automotive wipers, among others.
Based on product type, the market can be segmented into:
- Gearbox
- Gear Motor
By gear type, the market has been divided into:
- Helical-Bevel
- Worm
- Helical
- Planetary
- Others
On the basis of rated power, the market has been segmented into:
- Up to 7.5 kW
- 7.5 kW to 75 kW
- Above 75 kW
The market can be bifurcated based on torque into:
- Up to 10,000 Nm
- Above 10,000 Nm
The significant end uses of the product include:
- Metals and Mining
- Material Handling
- Wind Power
- Food and Beverage
- Cement and Aggregates
- Automotive
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Gear Motor in the Food and Beverage Sector to Boost the Growth of the Gear Motor Industry
The increasing demand for gear motors to power machinery in the food and beverage industry is driving the market growth. The soaring demand for packaged food and beverage products is propelling the demand for gear motors to improve the efficiency of food processing and operations and to reduce the equipment downtime. In addition to this, gear motors can survive long hours of operation in the food processing industry, which is another key driving factor. Moreover, the stringent government regulations aimed towards improving the sanitation and hygiene conditions in the food industry are likely to generate demand for AC gear motors in the forecast period. Meanwhile, gear motors are essential in the automotive industry as these are used to drive lifts and conveyers and enhance the smoothness of automotive machinery. In this regard, the increasing demand for passenger and commercial vehicles is anticipated to bolster the gear motor sector. Furthermore, the increasing application of helical-bevel gearbox in the cement industry to perform various functions such as engine augmentation, speed control, and enhancement of operational capabilities, is likely to provide impetus to the market in the forecast period.
Key Players in the Global Gear Motor Market
The report gives a detailed analysis of the following key players in the global gear motor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Siemens AG
- Eaton Corporation plc
- Emerson Electric Co.
- Johnson Electric Holdings Limited
- Bosch Rexroth AG
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
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| Breakup by Gear Type |
|
| Breakup by Rated Power |
|
| Breakup by Torque |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Torques
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Gear Motor Market Analysis
8.1 Key Industry Highlights
8.2 Global Gear Motor Historical Market (2018-2022)
8.3 Global Gear Motor Market Forecast (2023-2028)
8.4 Global Gear Motor Market by Product Type
8.4.1 Gearbox
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Gear Motor
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Gear Motor Market by Gear Type
8.5.1 Helical-Bevel
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Worm
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Helical
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Planetary
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Gear Motor Market by Rated Power
8.6.1 Up to 7.5 kW
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 7.5 kW to 75 kW
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Above 75 kW
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Gear Motor Market by Torque
8.7.1 Up to 10,000 Nm
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Above 10,000 Nm
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Gear Motor Market by End Use
8.8.1 Metals and Mining
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Material Handling
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Wind Power
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Food and Beverage
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Cement and Aggregates
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
8.8.6 Automotive
8.8.6.1 Historical Trend (2018-2022)
8.8.6.2 Forecast Trend (2023-2028)
8.8.7 Others
8.9 Global Gear Motor Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2022)
8.9.1.2 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2022)
8.9.2.2 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2022)
8.9.3.2 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2022)
8.9.4.2 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2022)
8.9.5.2 Forecast Trend (2023-2028)
9 North America Gear Motor Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Gear Motor Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Gear Motor Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Gear Motor Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Gear Motor Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Siemens AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Eaton Corporation plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Emerson Electric Co.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Johnson Electric Holdings Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Bosch Rexroth AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Gear Motor Market: Key Industry Highlights, 2017 and 2021
2. Global Gear Motor Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Gear Motor Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Gear Motor Historical Market: Breakup by Gear Type (USD Billion), 2018-2022
5. Global Gear Motor Market Forecast: Breakup by Gear Type (USD Billion), 2023-2028
6. Global Gear Motor Historical Market: Breakup by Rated Power (USD Billion), 2018-2022
7. Global Gear Motor Market Forecast: Breakup by Rated Power (USD Billion), 2023-2028
8. Global Gear Motor Historical Market: Breakup by Torque (USD Billion), 2018-2022
9. Global Gear Motor Market Forecast: Breakup by Torque (USD Billion), 2023-2028
10. Global Gear Motor Historical Market: Breakup by End User (USD Billion), 2018-2022
11. Global Gear Motor Market Forecast: Breakup by End User (USD Billion), 2023-2028
12. Global Gear Motor Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Gear Motor Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Gear Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Gear Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Gear Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Gear Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Gear Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Gear Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Gear Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Gear Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Gear Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Gear Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Gear Motor Market Structure
Key Questions Answered in the Report
In 2021, the global gear motor market attained a value of nearly USD 25.3 billion.
The market is estimated to grow at a CAGR of 5.00% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 33.9 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing demand for gearboxes from the automotive industry, rising application of the product in metal and mining industry, and rapid urbanisation and infrastructure development.
The stringent government regulations aimed towards bolstering the sanitation in the food processing industry are likely to be the key trends in the market propelling the demand for the product.
Gearbox and gear motor are the are the different product types based on which the market has been bifurcated.
Helical-bevel, worm, helical, and planetary, among others, are the different gear types based on which the market has been segmented.
Up to 7.5 kW, 7.5 kW to 75 kW, and above 75 kW are the segments based on rated power.
Up to 10,000 Nm and above 10,000 Nm are the market segments based on torque.
Metals and mining, material handling, wind power, food and beverage, cement and aggregates, and automotive, among others are the significant end uses of the product.
The major players in the industry are Siemens AG, Eaton Corporation plc, Emerson Electric Co., Johnson Electric Holdings Limited, and Bosch Rexroth AG, among others.
Analyst Review
The global gear motor market reached a value of about USD 25.3 billion in 2021, driven by the rising application of the product in industries such as metal and mining, and food and beverage, among others. Aided by the rapid advancements in the infrastructure across emerging economies, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.00%, to reach a value of nearly USD 33.9 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market has been segmented into gearbox and gear motor. On the basis of gear type, the market has been segmented into helical-bevel, worm, helical, and planetary, among others. By rated power, the market has been categorised into up to 7.5 kW, 7.5 kW to 75 kW, and above 75 kW. The market can be bifurcated based on torque into up to 10,000 Nm and above 10,000 Nm. The significant end uses of the product include metals and mining, material handling, wind power, food and beverage, cement and aggregates, and automotive, among others. The major regional markets for gear motor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Siemens AG, Eaton Corporation plc, Emerson Electric Co., Johnson Electric Holdings Limited, and Bosch Rexroth AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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