Gear Motor Market Size
The Gear Motor Market was worth $5.96 billion in 2023 and is predicted to grow at a rate of roughly 4.8% per year from 2024 to 2032. There is a commensurate rise in the need for reliable and efficient gear motors as governments and businesses build more wind farms and other renewable energy projects. In addition, this investment not only leads to improvements in the design of gear motors, but it also boosts industrial activities that depend on dependable power infrastructure, which increases the demand for these adaptable mechanical parts even more.
As a result, the rise in investments in power generation drives the gear motor industry forward, encouraging new ideas and broadening its use in many areas of the economy. Wind power is a big part of this rise in investment in power generation, especially from renewable sources. Wind turbines use gear motors to control the pitch, gap, and speed of the rotor in a way that maximizes the efficiency of energy capture.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Gear Motor Market Size in 2023 | USD 5.96 Billion |
| Forecast Period | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR | 4.8% |
| 2032 Value Projection | USD 8.99 Billion |
| Historical Data for | 2021 - 2023 |
| No. of Pages | 370 |
| Tables, Charts & Figures | 247 |
| Segments covered | Type, Rated Power, Phase, Torque, End-user, Distribution Channel, and region |
| Growth Drivers |
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| Pitfalls & Challenges |
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The high expenses of running and maintaining gear motors, which regularly break down, are the main reason the industry isn't rising. You need to put together gears, a shaft, a motor, wiring, and other items to make a gear motor. Also, the pricing of the parts needed for the motors change a lot, which makes it more expensive to put together than alternative solutions like direct motors. Grinding, heat treatment, and other stages are all part of the long process of making industrial motors. Because of this, the high expenses of developing and running gear motors are keeping the global market from growing. You may save money on running costs, make the motor operate better, and make it more reliable if you take care of it and your operating system.
Gear Motor Market Trends
The gear motor business has seen huge growth since more and more industries are using IoT, which changes how things work. IoT-enabled gear motors can now be monitored and controlled in real time. This makes them more efficient and reduces downtime thanks to insights from predictive maintenance. This combination of technologies makes it possible to control and diagnose things from a distance, which makes operations run more smoothly across many assets and gives industrial processes more flexibility.
The IoT also helps with smooth integration into smart manufacturing frameworks, which helps make production environments more flexible and responsive. As enterprises use the Internet of Things (IoT) to boost productivity and sustainability, the need for advanced geared motors is growing quickly. These motors are essential for making industrial operations smarter and more efficient..
Gear Motor Market Analysis
The bevel gear motor market grew to more than $1.41 billion in 2023, and by 2032, it is expected to grow even more, reaching $2.22 billion. The fact that bevel gear motors are the best in the business is what makes this increase so amazing. These aren't simply regular gear motors. They are remarkable because they can send electricity across shafts that aren't parallel, even if they are at opposite angles. This makes them great for small locations where other gear motors would have trouble. And get thisthey transmit torque very accurately and run very smoothly, which makes them perfect for situations where accuracy and dependability are really important. Also, bevel gear motors are small, so they may fit into tiny spaces in machines without taking up too much room. And they're sturdy enough to handle hefty loads and bad weather. This implies that you won't have to spend as much time or money on repairs.
Based on rated power, the 7.5 kW to 75 kW category held roughly 50.04% of the market in 2023 and is expected to be worth USD 4.77 billion by 2032. The 7.5 kW to 75 kW market is predicted to have a large share and is developing quickly. 7.5 kW to 75 kW uses very little energy, works very well, and makes everyone more productive. It is utilized in the marine industry, processing, manufacturing, assembling, and more.
Based on End-user, the material handling segment made up more than 22.61% of the gear motor market in 2023 and is expected to be worth USD 2.03 billion by 2032. The integration of gear motors is very important to the material handling sector. These motors are even more valuable since they can successfully transmit high torques, which are needed to drive conveyor, lift, crane, and automated system operations that move enormous amounts of goods reliably and accurately. Their strong construction means that they don't need much maintenance and don't have much downtime, even in tough working conditions.
North America is leading the market share of gear motor due to increased demand in the power generation sector and process industries such as chemical and mining. Additionally, the United States is the dominant country in the North American market as it has a well-established manufacturing sector compared to Canada. In addition, it is also one of the dominant players in the material handling industry.
Country level Analysis
North America In terms of country, the US is dominating the North America Gear motor market with revenue of around USD 1.19 billion in the year 2023 and expected to reach around USD 1.91 billion by 2032. The U.S. has an industrialized base with a robust manufacturing sector, extensive use of gear motors in industries related to automobiles, food and beverage, aerospace, and industrial machinery. Subsystems of advanced manufacturing and technology expertise support broad-based applications of gear motors.
China is the powerhouse of the gear motor industry in the Asia Pacific region, dominating the market with a whopping 33.49% share. Thanks to its robust manufacturing ecosystem, China has become a go-to destination for gear motor production. Here's whyEconomy of scaleChina's massive manufacturing capacity allows producers to enjoy cost savings. Low production expenses China's competitive labor market keeps production expenses in check. Industrial infrastructureChina boasts a well-established infrastructure that supports various industries, including gear motor production. Chinese gear motor manufacturers leverage these advantages to supply globally and within the Asia Pacific region. Their competitive pricing, efficient supply chains, and well-established business connections help them secure a significant portion of the market worldwide.
European countries are eager to use gear motors, and Germany is leading the way. Their growth rate is an impressive 5.3%, which translates to a quarter of the market share. What makes Germany stand out? Their companies are like pioneers in the gear motor world, constantly coming up with new ideas. They spend a lot of money on research and development to make their motors more efficient, long-lasting, and compatible with fancy technologies like IoT. This allows them to predict maintenance needs and keep things running smoothly. Germany's got a lot going on in its industries—cars, machines, and manufacturing, plus renewable energy—and gear motors are essential for all of them. They're used in robots, conveyor belts, and factory equipment, so the demand is always high.
Gear Motor Market Share
Meet the big players in the gear motor marketEmerson, Seimen, Altra Industrial Motion, and Sumitomo Heavy Industries are all companies that make BONFIGLIOLI S.P.A. They run the show in this field, with a big 20–25% of the market pie. These businesses have built their empires on their knowledge, ability to contact customers around the world, and wide selection of gear motors. They're the best people to talk to about vehicles, factories, and even rockets! Why? Because they are always pushing the limits of new technology and making cutting-edge gear motors for all kinds of needs. They have everything you need, from helical to bevel to planetary motors. But that's not everything. They also have a huge distribution network and a "customer first" mindset. You can expect high-quality gear motors that work, and a team of professionals will be there to support you every step of the way.
Gear Motor Market Companies
Major key players operating in the gear motor industry include
- INEED ELECTRONICS (HONGKONG) LIMITED
- SEW-EURODRIVE
- Jiangsu Guomao Reducer Co. Ltd. (China)
- Nidec Corporation (Japan)
- Bauer Gear GmBH (Germany)
- Bonfiglioli S.P.A. (Italy)
- Power Build Private Limited (India)
- Regal Rexnord (U.S.)
- Shanthi Gears Limited (India)
- Nabtesco
- SEW Eurodrive (Germany)
- Emerson Electric (U.S.)
- Sumitomo Heavy Industries (Japan)
- Portescap
- HarmonicDrive
- FLENDER
- Siemens
Gear Motor Industry News
- In December 2023, In December 2023, Mill Gears Pvt. Ltd.—a Gujarat-based leading Industrial Innovation company—introduced one of the largest gearbox designs in the world, especially for the sugar mill industry. This new revolutionary product is eyed to create a significant leap in the industrial engineering segment and set a new benchmark of efficiency and performance.
- In March 2022, Watt Drive delivered 21 WG20 series geared motors and W22Xde (IIC T4 Gb) series WEG flameproof motors for Lenzing Filtration. These hazardous area drive solutions, designed to help Lenzing Filtration deliver OptiFil-250-0720 and OptiFil-350-1080 backflush filters of China to produce polymer MDI, are used by some major Chinese chemical companies located worldwide. A Lenzing Filtration sales partner took care of the on-site installation.
- In October 2021, Regal Rexnord continued to transform through the merger with the process & motion control business segment of Rexnord. This strengthened the portfolio of the Company and powerfully positioned the Company in the industrial power trains. This merger changed its name to Regal Rexnord Corporation immediately after closing the merger, and the revenue grew to USD4B.
This gear motor market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Million units) from 2021 to 2032, for the following segments
Market, By Type
- Helical Gear
- Planetary Gear
- Beval Gear
- Worm Gear
- Spur gear
- Electric gear
- Others (PMDC, compact)
Market, By Rated Power
- Upto 7.5 kW
- 7.5 kW to 75 kW
- Above 75kW
Market, By Phase
- Single
- Double
- Three
Market, By Torque
- Up to 10000 Nm
- Above 10000 Nm
Market, By End-User
- Material handling
- Construction
- Power generation
- Mining
- Food & beverage
- Manufacturing industry
- Packaging and labeling
- Other (wind power, automotive, marine)
Market, By Distribution Channel
- Direct sales
- Indirect sales
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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