Global Industrial Gear Motors and Drives Market Growth 2023-2029

Global Industrial Gear Motors and Drives Market Growth 2023-2029

Gear motors are power devices which generally constituted by a gear drive and a motor. Gear drives, also called gearbox, are transmission devices that widely used in low speed and high power equipment like crane, packaging machine and rolling machine.

In this report, we focus on the gear motors and drives used in industrial applications and exclude precision-geared products as well as geared products used in propulsion systems.

LPI (LP Information)' newest research report, the “Industrial Gear Motors and Drives Industry Forecast” looks at past sales and reviews total world Industrial Gear Motors and Drives sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Gear Motors and Drives sales for 2023 through 2029. With Industrial Gear Motors and Drives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Gear Motors and Drives industry.

This Insight Report provides a comprehensive analysis of the global Industrial Gear Motors and Drives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Gear Motors and Drives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Gear Motors and Drives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Gear Motors and Drives and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Gear Motors and Drives.

The global Industrial Gear Motors and Drives market size is projected to grow from US$ 15770 million in 2022 to US$ 24060 million in 2029; it is expected to grow at a CAGR of 24060 from 2023 to 2029.

China is the largest Industrial Gear Motors and Drives market with about 31% market share. Europe is follower, accounting for about 23% market share.

The key players are Siemens, SEW-EURODRIVE, Nord, Bosch Rexroth, Emerson, ABB, Altra Industrial Motion, Sumitomo Heavy Industries, Bonfiglioli, Rexnord, Weg, TECO, Guomao Reducer, Tailong Decelerator Machinery, Taixing Reducer, Tongli, Haoke, Hongtai, Tianjin Speed Reducer, Jiangsu Tailai Group etc. Top 3 companies occupied about 12% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Gear Motors and Drives market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Normal Gear

Worm Gear

Planetary Gear

Others

Segmentation by application

Energy

Chemical

Food

Transportation

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Siemens

SEW-EURODRIVE

Nord

Bosch Rexroth

Emerson

ABB

Altra Industrial Motion

Sumitomo Heavy Industries

Bonfiglioli

Rexnord

Weg

TECO

Guomao Reducer

Tailong Decelerator Machinery

Taixing Reducer

Tongli

Haoke

Hongtai

Tianjin Speed Reducer

Jiangsu Tailai Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Gear Motors and Drives market?

What factors are driving Industrial Gear Motors and Drives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Gear Motors and Drives market opportunities vary by end market size?

How does Industrial Gear Motors and Drives break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.