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Global Gear Motor Market By Type (Helical-Bevel, Planetary, Others), By Product Type (Gearbox, Gear Motor), Rated Power (Up to 7.5 kW, 7.5 kW to 75 kW, Others), By Torque, By End User, By Region–Forecast & Opportunities to 2026

The global gear motors market accounted for a value of 21.7 USD billion in 2019. Gear motors market projected to register growth at a CAGR of 4.9% during forecast period.

COVID-19 has impacted all the businesses over globe. The supply chain of raw materials and finished products is disrupted due to travel restrictions. The manufacturing facilities have shut or halt their production activities and end-users industries have witnessed decline in demands which leads to decline in growth of gear motors during the COVID-19.

Definition:

Gear motor can be defined as a motor with a set of gears. When electric motor and reduction gear are integrated into a single unit, it is termed as gear motors. Gear motors are operated in various directions such as horizontal, tilted position and vertical position and it provides large torque and it has higher gear ratio.

Market Dynamics (Drivers/Opportunities):

Gear motor is widely adopted across various industries. It is cost effective and has flexible usage. They are highly economical and it has wide number of applications in various industries. These gears are very effective and efficient. This drives growth in gear motors market during forecast period.

The technological advancement and innovation in gear motors is increasing the demand for these motors. Various industries are shifting towards automation and adopting geared motors for the operation of their facilities. This is likely to drive growth in gear motor market during forecast period.

Market Insights, by Gear Type

On the basis of gear type, the gear motor market is segmented into helical, helical-bevel, planetary, worm and others. The planetary gears segment is estimated to be fastest growing market during forecast period. The demand for planetary gear is increasing around the globe. This motor is preferred by industry verticals at large scale than others. This drives growth in planetary gear market during forecast period.

Market Insights, by End-User

On the basis of end-user, the gear motor market is segmented into marine, rubber & plastics, chemicals, construction, power generation, automotive, cement & aggregates, metals & mining, food & beverage, material handling, wind power and others. The wind power industry is estimated to register growth at highest CAGR during forecast period. The rapid technological advancement is growing immensely in this industry. The advancement in technologies made gear motors cost effective and efficient.  Wind power industries are adopting gear motors at large scale. This drives growth in wind power industry during forecast period.

Regional Insights

Asia-Pacific region is estimated to be fastest growing market during forecast period. The industrialization and urbanization is rapidly increasing in this region. The infrastructure is developing rapidly and expanding. India and China are major growth contributors in this region. The demand for mechanical power transmission is increasing across various industries in this region due to its high efficiency and cost-effectiveness. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in gear motor industry are Eaton Corporation, Watt Drive Antriebtechni GmbH, Bauer Gear Motor, Sumitomo Heavy Industries, Johnson Electric Holdings Ltd., emerson Electric Co., Elecon Engineering Company Ltd., China High Speed Transmission Equipment, Brevini Power Transmission, Bonfiglioli Riduttori S.P.A, Winergy, Sew-Eurodrive GmbH, Baldor Electric Company and Siemens AG.

Segments Covered in the Report

This report forecasts The Global Gear Motor Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global gear motor market report on the basis of gear type, product type, rated power, torque and end-user.

Gear Motor Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Gear Motor Market, By Gear Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Helical
  • Helical-Bevel
  • Planetary
  • Worm
  • Others
  1. Gear Motor Market, By Product Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Gearbox
  • Gear Motor
  1. Gear Motor Market, By Rated Power, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Up to 7.5 kW
  • 5 kW to 75 kW
  • Above 75 kW
  1. Gear Motor Market, By Torque, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Up to 10,000N
  • Above 10,000N
  1. Gear Motor Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Marine
  • Rubber & Plastics
  • Chemicals
  • Construction
  • Power Generation
  • Automotive
  • Cement & Aggregates
  • Metals & Mining
  • Food & Beverage
  • Material Handling
  • Wind Power
  • Others
  1. Gear Motor Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Gear Type
    • By Product Type
    • By Rated Power
    • By Torque
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Gear Type
      • By Product Type
      • By Rated Power
      • By Torque
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Gear Type
        • By Product Type
        • By Rated Power
        • By Torque
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Gear Type
          • By Product Type
          • By Rated Power
          • By Torque
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Gear Type
            • By Product Type
            • By Rated Power
            • By Torque
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Siemens AG.
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Eaton Corporation
    • Watt Drive Antriebtechni GmbH
    • Bauer Gear Motor
    • Sumitomo Heavy Industries
    • Johnson Electric Holdings Ltd.
    • Emerson Electric Co.
    • Elecon Engineering Company Ltd.
    • China High Speed Transmission Equipment
    • Brevini Power Transmission
    • Bonfiglioli Riduttori S.P.A
    • Winergy
    • Sew-Eurodrive GmbH
    • Baldor Electric Company
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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