산업용 기어박스 및 기어 모터 시장 전망(-2030년) : 유형별, 장착 유형별, 재료별, 유통 채널별, 용도별, 최종 사용자별 및 지역별 세계 분석

According to Stratistics MRC, the Global Industrial Gearbox & Gear Motors Market is accounted for $29.58 billion in 2023 and is expected to reach $40.82 billion by 2030 growing at a CAGR of 4.7% during the forecast period. Industrial gearbox and gear motors are essential components in various sectors, facilitating the transmission of power efficiently and reliably. Employed in applications ranging from conveyor systems to heavy machinery, they optimize torque and speed to meet specific operational requirements. Their robust construction and advanced designs ensure durability and performance under demanding conditions, contributing to increased productivity and operational efficiency across industries worldwide.

According to the International Organization of Motor Vehicle Manufacturers, in 2022, around 85 million motor vehicles were produced worldwide.

Market Dynamics:

Driver:

Growing industrialization in emerging economies

Rapid industrialization in emerging economies leads to increased demand for machinery and equipment. As these economies expand their manufacturing capabilities across various sectors such as automotive, construction, and mining, there is a heightened need for efficient power transmission systems. Industrial gearboxes and gear motors play a crucial role in powering machinery used in production lines, conveyor systems, and other industrial applications. This increased demand for machinery, coupled with the emphasis on productivity and efficiency, creates significant opportunities for the industrial gearbox and gear motors market to thrive in emerging economies.

Restraint:

Complex machinery maintenance

Industrial gearbox & gear motors require complex maintenance due to their intricate mechanical components, lubrication systems, and precise alignments. Maintenance involves periodic inspections and potential repairs, often requiring skilled technicians and specialized equipment. This complexity increases downtime and operational costs for businesses. Additionally, the need for frequent maintenance can lead to interruptions in production schedules, impacting overall productivity and profitability, further dampening market expansion efforts.

Opportunity:

Expanding automotive sector

As automotive manufacturing ramps up, demand for machinery and equipment powering assembly lines, conveyor systems and other manufacturing processes increases. Industrial gearboxes and gear motors play a crucial role in these applications, driving efficiency, precision, and reliability. Manufacturers in this sector require high-performance gear systems to meet production demands efficiently. Consequently, the growing automotive industry fuels the demand for industrial gearboxes and gear motors, contributing to the market's growth and expansion.

Threat:

High initial costs

Industrial gearbox & gear motors entail high initial costs due to their sophisticated engineering, precision manufacturing, and use of high-quality materials to ensure durability and reliability under heavy loads and harsh operating conditions. These costs can deter smaller enterprises from investing in new equipment. Moreover, the upfront investment required may prolong decision-making processes for potential buyers, delaying the adoption of industrial gearboxes and gear motors and limiting their market penetration, especially in price-sensitive segments.

Covid-19 Impact

The covid-19 pandemic has posed challenges to the industrial gearbox and gear motors market, disrupting supply chains, delaying projects, and reducing industrial activities. The market experienced a temporary slowdown due to lockdown measures and economic uncertainties. However, the increased emphasis on automation and remote monitoring in response to the pandemic has spurred the demand. Furthermore, as industries gradually recover and adapt to the new normal, the market is expected to rebound, driven by investments in infrastructure projects and the resumption of industrial activities.

The stainless steel segment is expected to be the largest during the forecast period

The stainless steel segment is estimated to have a lucrative growth. Stainless steel industrial gearbox and gear motors offer robust solutions for demanding environments where corrosion resistance and durability are paramount. They provide reliable power transmission while maintaining cleanliness standards and resisting degradation from harsh chemicals or corrosive elements. With their ability to withstand challenging operating conditions, stainless steel gearboxes and gear motors ensure long-term performance and minimize maintenance requirements, making them essential components in critical industrial processes.

The conveyor systems segment is expected to have the highest CAGR during the forecast period

The conveyor systems segment is anticipated to witness the highest CAGR growth during the forecast period, due to its smooth and efficient movements. Engineered for high torque and precision, these components ensure reliable power transmission, enabling conveyors to handle heavy loads and operate at varying speeds. With features such as overload protection and precise speed control, they optimize conveyor performance while enhancing safety and productivity. Whether in manufacturing, logistics, or mining, gearbox and gear motors for conveyor systems are essential for streamlining operations, reducing downtime, and maximizing throughput.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to expanding industrialization and infrastructure development. Countries like China, India, Japan, and South Korea are driving demand, supported by sectors such as automotive, manufacturing, and construction. Moreover, rising investments in renewable energy projects further stimulate market growth. With a burgeoning manufacturing landscape and increasing automation trends, the Asia-Pacific industrial gearbox and gear motors market are poised for continued expansion and opportunity.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to robust manufacturing base and stringent quality standards. Countries like Germany, Italy, France, and the United Kingdom are key contributors, driven by sectors such as automotive, aerospace, and machinery. Market dynamics are shaped by a focus on energy efficiency, automation, and Industry 4.0 initiatives. With a mature industrial landscape and emphasis on sustainability, the European market continues to offer opportunities for growth and development.

Key players in the market

Some of the key players profiled in the Industrial Gearbox & Gear Motors Market include Siemens AG, Sumitomo Heavy Industries Limited, Bonfiglioli Riduttori S.p.A., SEW-Eurodrive GmbH, Mill Gears Limited, Hansen Industrial Transmissions NV, Mitsubishi Electric Corporation, Eaton Corporation, ABB Limited, Brevini Power Transmission S.p.A., David Brown Santasalo, SEISA Group, Rossi Group, Regal Beloit Corporation, Elecon Engineering Company Limited, Renold PLC, Boston Gear and Nord Drivesystems Group.

Key Developments:

In December 2023, Mill Gears Pvt. Ltd., a Gujarat-based industrial innovator, has unveiled a ground-breaking achievement in the form of one of the world's largest gearboxes designed specifically for the sugar mill industry. This revolutionary product sets a new benchmark for efficiency and performance, showcasing precision engineering and advanced manufacturing.

In March 2023, Elecon Engineering Company Limited, one of Asia's largest manufacturers of industrial gears, launched its upgraded version of EON series gearboxes, with a host of advanced features, including: higher torque ratings, better thermal characteristics, universal mounting options and multiple accessories.

Types Covered:

• Helical
• Bevel
• Worm
• Planetary
• Spur
• Cycloidal
• Other Types

Mounting Types Covered:

• Foot Mounted
• Flange Mounted
• Shaft Mounted

Materials Covered:

• Cast Iron
• Aluminum
• Stainless Steel
• Composite Materials
• Other Materials

Distribution Channels Covered:

• Original Equipment Manufacturers (OEM)
• Aftermarket
• Other Distribution Channels

Applications Covered:

• Conveyor Systems
• Cranes & Hoists
• Pumps & Compressors
• Agitators & Mixers
• Extruders & Pelletizers
• Winches
• Other Applications

End Users Covered:

• Automotive Industry
• Food & Beverage Industry
• Construction Industry
• Metalworking Industry
• Semiconductor Industry
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Industrial Gearbox & Gear Motors Market, By Type

• 5.1 Introduction
• 5.2 Helical
• 5.3 Bevel
• 5.4 Worm
• 5.5 Planetary
• 5.6 Spur
• 5.7 Cycloidal
• 5.8 Other Types

6 Global Industrial Gearbox & Gear Motors Market, By Mounting Type

• 6.1 Introduction
• 6.2 Foot Mounted
• 6.3 Flange Mounted
• 6.4 Shaft Mounted

7 Global Industrial Gearbox & Gear Motors Market, By Material

• 7.1 Introduction
• 7.2 Cast Iron
• 7.3 Aluminum
• 7.4 Stainless Steel
• 7.5 Composite Materials
• 7.6 Other Materials

8 Global Industrial Gearbox & Gear Motors Market, By Distribution Channel

• 8.1 Introduction
• 8.2 Original Equipment Manufacturers (OEM)
• 8.3 Aftermarket
• 8.4 Other Distribution Channels

9 Global Industrial Gearbox & Gear Motors Market, By Application

• 9.1 Introduction
• 9.2 Conveyor Systems
• 9.3 Cranes & Hoists
• 9.4 Pumps & Compressors
• 9.5 Agitators & Mixers
• 9.6 Extruders & Pelletizers
• 9.7 Winches
• 9.8 Other Applications

10 Global Industrial Gearbox & Gear Motors Market, By End User

• 10.1 Introduction
• 10.2 Automotive Industry
• 10.3 Food & Beverage Industry
• 10.4 Construction Industry
• 10.5 Metalworking Industry
• 10.6 Semiconductor Industry
• 10.7 Other End Users

11 Global Industrial Gearbox & Gear Motors Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Siemens AG
• 13.2 Sumitomo Heavy Industries Limited
• 13.3 Bonfiglioli Riduttori S.p.A.
• 13.4 SEW-Eurodrive GmbH
• 13.5 Mill Gears Limited
• 13.6 Hansen Industrial Transmissions NV
• 13.7 Mitsubishi Electric Corporation
• 13.8 Eaton Corporation
• 13.9 ABB Limited
• 13.10 Brevini Power Transmission S.p.A.
• 13.11 David Brown Santasalo
• 13.12 SEISA Group
• 13.13 Rossi Group
• 13.14 Regal Beloit Corporation
• 13.15 Elecon Engineering Company Limited
• 13.16 Renold PLC
• 13.17 Boston Gear
• 13.18 Nord Drivesystems Group