Global Gear Motors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Gear Motors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A gear motor is a specific type of electrical motor that is designed to produce high torque while maintaining a low horsepower, or low speed, motor output. Gear motors can be found in many different applications, and are probably used in many devices in your home.

Market Overview:

The latest research study on the global Gear Motors market finds that the global Gear Motors market reached a value of USD 7087.59 million in 2022. It’s expected that the market will achieve USD 9030.34 million by 2028, exhibiting a CAGR of 4.12% during the forecast period.

Strength

Development of economy and technology.
Increase downstream demand, such as automobile and chemical industry.

Weakness

Fierce competition.
Unbalance development.
Low end product competition in some developing regions.

Opportunity

Quality and function development trend.
Growing opportunities in emerging markets.

Threat

Fluctuation price of raw materials.
Lack of innovation in some regions.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Siemens AG is one of the major players operating in the Gear Motors market, holding a share of 1.57% in 2020.

Siemens AG

Siemens AG (German pronunciation: [ˈziːmɛns]) is a German conglomerate company headquartered in Berlin and Munich and the largest manufacturing and electronics company in Europe with branch offices abroad.
The principal divisions of the company are Industry, Energy, Healthcare, and Infrastructure & Cities, which represent the main activities of the company. The company is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company's total sales, is its second-most profitable unit, after the industrial automation division.

SEW-Eurodrive

SEW-Eurodrive is a German manufacturing company founded by Christian Pähr in 1931 as Süddeutsche Elektromotoren Werke. Today, it is an international organization that manufactures geared motors, frequency inverters and servo drives employing over 17,000 people worldwide.

Segmentation Overview:

By type, Helical Gear Motors segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Food & Beverage segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Gear Motors market covered in Chapter 3:

Siemens AG
WEG
SEW-Eurodrive
Sumitomo Corporation
Baldor Electric Company
Lenze Gruppe
Mitsubishi Electric Corporation
Jiangsu Guomao Reducer
Altra Industrial Motion
Bonfiglioli
NORD Gear Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Gear Motors market from 2018 to 2029 is primarily split into:

Helical Gear Motors
Planetary Gear Motors
Helical-Bevel Gear Motors
Worm Gear Motors
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Gear Motors market from 2018 to 2029 covers:

Food & Beverage
Chemicals, Rubber, & Plastics
Material Handling
Metals & Mining
Automotive
Cement & Aggregates
Water & Wastewater
Power Generation
Construction
Marine
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)