세계의 기어 모터 시장 : 현황 분석 및 예측(2024-2032년)

The global gear motors market is on the rise and has decent growth momentum due to the rising trends in automation across the industrial sectors and the rising focus on energy conservation. Automotive and food and beverage, material handling, and packaging are some of the industries that play a significant role in deploying gear motors for various uses as conveyor gear motors and robotic assembly gear motors. Furthermore, the demand for renewable energy sources is rising globally, which in turn is expanding the usage of gear motors in wind turbines and solar tracking systems. Other drivers that have buoyed the market include the sustaining industrialization process in emerging nations and the advancement of production plants in developed areas.

The Gear Motors Market is expected to grow at a significant rate of around 6.91 % during the forecast period (2024-2032). Market key players are adopting strategies like partnership, and investment to gain more growth in the market. In 2024, Rockwell Automation announced the opening of a new facility in Chennai, India, to enhance its regional operations and support its growing customer base in the area. This new facility will focus on advanced manufacturing, engineering, and technology services, aimed at driving innovation and providing localized solutions for automation and digital transformation. The investment in Chennai underscores Rockwell Automation's commitment to expanding its footprint in India and strengthening its presence in the rapidly growing industrial automation market. To achieve further growth in the global gear motors market, players should emphasize smart technologies such as IoT and AI. These technologies, when integrated into gear motor solutions, allow companies to provide products with improved performance, monitoring, and previously impossible predictive maintenance. Besides enhancing the helpful and dependable aspects of gear motors, this also draws industries that require new solutions at reduced prices. Further, an increase in internationalization and globalization of partnerships and affiliations can enhance an organization's reach to new markets and customers for global business advancement.

Based on gear type, the market is bifurcated into helical, planetary, helical-bevel gear, worm, and others. The helical segment has significantly contributed to the market's growth by capturing a substantial share within its gear-type segment. Helical gears are widely used in a gear motor due to their operational characteristics that are continually improving, this is one of the driving forces in the industry. As compared to spur gears, helical gears have teeth that are inclined, and this means that the two gears engage smoothly and gradually. This design, in turn, provides the capability of minimizing noise and vibrations during operation, which is a noteworthy factor for applications that call for accurate work and low noise in any way possible, for example, in medical applications, robotics, and automation. Two main factors have imposed the use of helical gears in gear motors: increasing precision in the manufacturing of machines and the rising need for quiet working in industrial sections. Thus, manufacturers are paying more heed to procuring better and superior Helical gear motors to deal with the intensifying demands of these complex applications.

Based on end-users, the market is segmented into food & beverage, automotive, metal & mining, material handling, oil & gas, and others. The automotive segment dominated the market in the historic year and is expected to dominate in the forecast period. Currently, the automotive industry is adopting gear motors more than ever before due to the complexity and the enhancement of functional systems in the current automobiles. Gear motors are essential in almost all automated systems in the automobile, including power windows, seats, wipers, and modern automotive safety features like ADAS. The rising need for improved comfort, protection, and smart operation in automobiles is leading automakers to use more gear motor-based systems. Also, due to shifting from conventional vehicles to electric and hybrid cars, the use of gear motors is anticipated to rise in the future significantly. Electric vehicles have many functions that need stable control, including battery management systems, regenerative brakes, and so on, all of which must be driven by gear motors. The perception of this trend is expected to fuel innovation and growth in the gear motor segment in the automotive market.

Based on rated power, the market is bifurcated into up to 7.5 Kw, 7.5 Kw-75kW, and above 75kW. The 7.5kW-75kW segment has significantly contributed to the market's growth by capturing a substantial share within its rated power segment. These mid-range gear motors are also valued for their capacity of torsional force and power that are ok for functions that require much force such as mining, material handling, and construction. These sectors make the machinery operate under extreme conditions such as high loads, high impact, and continuous operations, this requires long-lasting and reliable gear motors. Industrial sectors will continue to develop and increase their systems' load, which in turn will result in the upgrading of the equipment used; this means that the usage of these defined powerful gear motors will continue to rise from one use to another in several heavy-duty applications.

For a better understanding of the market adoption of gear motors market, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific gear motors market is in a growth phase due to industrialization across the region and more focus on automation systems. Market leaders are China, India, and Japan due to their high manufacturing industries and increased concern towards increased productivity. Cars, electronics, and machinery are some of the industries that use gear motors in this part of the world. Besides this, the escalating need for energy-efficient solutions is promoting the use of sophisticated gear motor systems. The use of IoT and AI in predictive maintenance and operations is still advancing the market even higher. For instance, Chinese automotive manufacturer BYD has officially opened its first electric vehicle (EV) manufacturing plant in Southeast Asia, located in Rayong, Thailand. The factory, inaugurated on July 4, 2024, represents a significant investment of approximately USD 490 million and is part of BYD's strategy to expand its presence in the rapidly growing EV market in the region.

Some of the major players operating in the market include Eaton, Siemens, ABB, SEW-EURODRIVE, Flender, WEG Gear Systems GmbH, Altra Industrial Motion Corp, Sumitomo Heavy Industries, Ltd, Emerson Electric Co and Elecon Engineering Company Limited.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Global Gear Motors Market
• 2.2. Research Methodology of the Global Gear Motors Market
• 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.MARKET DYNAMICS

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. PESTEL Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Product Launch
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.PRICING ANALYSIS

• 5.1. Price Influencing Factors

6.GLOBAL GEAR MOTORS MARKET REVENUE (USD MN), 2022-2032F

7.MARKET INSIGHTS BY GEAR TYPE

• 7.1. Helical
• 7.2. Planetary
• 7.3. Helical-Bevel Gear
• 7.4. Worm
• 7.5. Others

8.MARKET INSIGHTS BY END-USERS

• 8.1. Food & Beverages
• 8.2. Automotive
• 8.3. Metal & Mining
• 8.4. Material Handling
• 8.5. Oil & Gas
• 8.6. Others

9.MARKET INSIGHTS BY RATED POWER

• 9.1. Up to 7.5 kW
• 9.2. 7.5 kW-75 kW
• 9.3. Above 75 kW

10.MARKET INSIGHTS BY REGION

• 10.1. North America
  • 10.1.1. U.S.
  • 10.1.2. Canada
  • 10.1.3. Rest of North America
• 10.2. Europe
  • 10.2.1. Germany
  • 10.2.2. U.K.
  • 10.2.3. France
  • 10.2.4. Italy
  • 10.2.5. Spain
  • 10.2.6. Rest of Europe
• 10.3. Asia-Pacific
  • 10.3.1. China
  • 10.3.2. India
  • 10.3.3. Japan
  • 10.3.4. Rest of APAC
• 10.4. Rest of World

11.VALUE CHAIN ANALYSIS

• 11.1. Marginal Analysis
• 11.2. List of Market Participants

12.COMPETITIVE LANDSCAPE

• 12.1. Competition Dashboard
• 12.2. Competitor Market Positioning Analysis
• 12.3. Porter Five Forces Analysis

13.COMPANY PROFILED

• 13.1. Eaton
  • 13.1.1. Company Overview
  • 13.1.2. Key Financials
  • 13.1.3. SWOT Analysis
  • 13.1.4. Product Portfolio
  • 13.1.5. Recent Developments
• 13.2. Siemens
• 13.3. ABB
• 13.4. SEW-EURODRIVE
• 13.5. Flender
• 13.6. WEG Gear Systems GmbH
• 13.7. Altra Industrial Motion Corp.
• 13.8. Sumitomo Heavy Industries, Ltd.
• 13.9. Emerson Electric Co.
• 13.10. Elecon Engineering Company Limited

14.ACRONYMS & ASSUMPTION

15.ANNEXURE