Global Gearboxes and Geared Motors Market was valued at USD 4 Billion in 2022 and is projected to reach USD 6 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
The global gearboxes and geared motors market is growing at a rapid pace, driven by their widespread application in industries such as manufacturing, automotive, and renewable energy. As industrial machinery becomes increasingly sophisticated, the demand for high-performance gearboxes and geared motors is also on the rise. These components are integral in converting speed and torque in machinery, ensuring smooth and efficient operations. The market is projected to reach significant milestones in the coming years, fueled by technological advancements and increasing automation across sectors.
Gearboxes, which are mechanical devices used to change the speed or direction of power, and geared motors, which combine a motor with a gearbox to provide more torque, are essential in a variety of industries. They are used in everything from small consumer appliances to large industrial machines. With the ongoing shift towards energy-efficient and environmentally-friendly solutions, these devices are becoming more sophisticated, offering better performance, durability, and cost-effectiveness.
One of the major driving forces behind the market's growth is the increase in industrial automation. As more companies automate their processes, the need for gearboxes and geared motors that can perform reliably and efficiently is higher than ever. Furthermore, industries like automotive manufacturing, where precision and control are paramount, are also contributing to the demand for high-quality gear solutions.
Technological innovations are also playing a key role in shaping the market landscape. Smart gearboxes and motors, integrated with sensors and IoT capabilities, allow for real-time performance monitoring and predictive maintenance, reducing downtime and improving efficiency. The emergence of Industry 4.0 has accelerated the adoption of such technologies, providing new opportunities for growth in the sector.
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Sew
Siemens
WEG Industries
Flender (Carlyle Group)
Nidec
Sumitomo Heavy Industries
Nord
Bonfiglioli
JIE
Guomao Reducer
Ningbo Donly
TaiLong Deceierator Machinery
Lenze
Brevini (Dana Motion Systems)
ACTOM
Portescap
Rossi SpA
Demag
Renold
TECO
Rehfuss Drive Solutions GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Gearboxes and Geared Motors Market
Cranes
Presses
Autodrives
Agitator
Screw Conveyor
Conveyor Technology
Others
Based on Types the Market is categorized into Below types that held the largest Gearboxes and Geared Motors market share In 2023.
Planetary Type
Cylindrical Type
Spur Type
Parallel Type
Helical Type
Bevel Type
Worm Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Gearboxes and Geared Motors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Gearboxes and Geared Motors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gearboxes and Geared Motors Market, By Type
6. Global Gearboxes and Geared Motors Market, By Application
7. Global Gearboxes and Geared Motors Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Gearboxes and Geared Motors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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