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The global gear motor market stood at a value of around USD 27.89 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5% to reach about USD 43.27 billion by 2032.
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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.
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.
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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:
By gear type, the market has been divided into:
On the basis of rated power, the market has been segmented into:
The market can be bifurcated based on torque into:
The significant end uses of the product include:
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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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.
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:
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Gear Type |
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Breakup by Rated Power |
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Breakup by Torque |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global gear motor market attained a value of nearly USD 27.89 billion.
The market is estimated to grow at a CAGR of 5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 43.27 billion by 2032.
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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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