Gear Motor Market Forecasts to 2028 – Global Analysis By Type (Helical-Bevel Gear Motors, Helical Gear Motors, Planetary Gear Motors, Worm Gear Motors and Other Types), Rated Power (Above 75 kW, 7.5 kW-75 kW, Up to 7.5 kW and Other Rated Powers), Torque,

Gear Motor Market Forecasts to 2028 – Global Analysis By Type (Helical-Bevel Gear Motors, Helical Gear Motors, Planetary Gear Motors, Worm Gear Motors and Other Types), Rated Power (Above 75 kW, 7.5 kW-75 kW, Up to 7.5 kW and Other Rated Powers), Torque, Application and By Geography

According to Stratistics MRC, the Global Gear Motor Market is accounted for $7.03 billion in 2022 and is expected to reach $9.63 billion by 2028 growing at a CAGR of 5.3% during the forecast period. Gear Motor refers to the combination of electric motor and gearbox. A gear box usually consists of a gear motor to limit the speed of the motor’s shaft and therefore increase the motor’s ability to output torque. These motors are employed for lower shaft speed and higher torque output to move heavy objects. These motors refer to those motors which contain mechanical gears to control the speed or torque of the motor depending upon the variety of application and requirements.

According to the International Energy Agency (IEA), electricity demand continues to grow. The government of India approved 100% Foreign Direct Investment (FDI) in mining sector and metallic and non metallic ores through automated methods. According to the U.S. Department of Energy, about 379.8 billion kilowatt hours of wind power will be generated in the U.S.

Market Dynamics:

Driver:

Increasing demand for compact motors and effectiveness

Gear motors are increasingly being used in a wide range of applications where energy effectiveness and compactness are key requirements. This is especially true in the automotive and aerospace industries, where gear motors are used in a variety of powertrain and other applications. These motors assure a higher degree of effectiveness than the induction motors and the most power dense type of traction motors and their commercial availability. Consequently, these factors are driving the market growth.

Restraint:

High manufacturing and maintenance cost

Manufacturing a geared motor requires an integrated unit of gear assembly, shaft, motor, wiring etc. Furthermore, the prices of the components needed for motors are very volatile, making the overall assembly of the device expensive. The manufacturing process of industrial motor is quite long. Thus, high manufacturing and maintenance costs restrict the growth of the market.

Opportunity:

Growing demand for electric vehicles

Electric vehicles are becoming increasingly popular, due to their environmental and economic benefits. This is leading to increased demand for gear motors, as they are used in a variety of electric vehicle applications, such as power steering, brakes, and transmission. It is used to vary the effective torque and speed as required by differing driving conditions. Hence, these are the factors influencing the growth of the market.

Threat:

Low efficiency

Gear motors are typically less than 80% efficient, which means that a significant amount of energy is lost as heat during operation. This heat loss can reduce the efficiency of the overall system in which the gear motor is used and can also pose a safety hazard. Vibration can cause wear on the gears can also lead to premature failure. Thus, these factors are expected to hinder the market growth.

Covid-19 Impact

Gear motor has witnessed massive drop in demand due to high amount of electricity bills, service taxes, and financial crisis across the world. Almost all market players manufacturing geared motors has been hit really hard as they are dealing with situations such as shrinking demand, falling prices, and shortage of raw materials. Gear motors have huge demand in the agriculture industry. Farmers are not able to spend much amount on gear motors due to financial crisis experienced during the COVID-19 outbreak. Therefore, they are shifting toward traditional methods of irrigation and other activities as well.

The helical-bevel gears segment is expected to be the largest during the forecast period

The helical-bevel gears segment is estimated to have a lucrative growth, due to the high load capacity and high output of strength exhibited by helical gear makes it applicable in various industrial applications. The increasing application of these gears in automotive transmission of highs-speed cars, owing to less friction and wear of these gears, is likely to accelerate the demand for the product. Furthermore, the product is anticipated to witness an increased demand from heavy industrial settings.

The up to 10,000 nm segment is expected to have the highest CAGR during the forecast period

The up to 10,000 nm rated power segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its large number of application in various end use industries such as robots, factory automation gantry, machinery tools, and welding indexing, and high usage from the geared motor segment. Efficiency of gear motors depends on friction this, in turn, relies on the quality of the gearing, the number of tooth engagements, and the load torque.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to an increase in manufacturing facilities, infrastructural activities, and a preference for wind power generation. These motors are widely used in coal plants and wind energy. The increased CO2 emissions will lead to developing renewable energy.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to rising demand from the power generation sector and manufacturing industries such as chemical and mining. It has a lot of wind power potential and can provide clean and reliable electricity to its population.

Key players in the market

Some of the key players profiled in the Gear Motor Market include Baldor Electric Company, Siemens AG, Eaton Corporation PLC., Watt Drive Antriebstechnik GmbH, Elecon Engineering Company Ltd, Sew-Eurodrive GmbH & Co. Kg, Johnson Electric Holdings Limited, BauerGear Motor GmbH, Sumitomo Heavy Industries Ltd, Emerson Electric Co, Winergy, Brevini Power Transmission S.P.A., Bonfiglioli Riduttori S.P.A, China High Speed Transmission Equipment Group Co. Ltd, Preminum Transmission, Regal Rexnord, ShanthiGears Limited , Dana Brevini Power Transmission, Power Build Private Limited and Nidec Corporation.

Key Developments:

In February 2019, Premium Transmission is expanding its production of gearboxes, geared motors, and fluid coupling by constructing a new development center in Kolkata, India. Steel, power, oil and gas, sugar, cement, and construction are among the industries that the company wants to serve.

Types Covered:
• Helical-Bevel Gear Motors
• Helical Gear Motors
• Planetary Gear Motors
• Worm Gear Motors
• Other Types

Rated Powers Covered:
• Above 75 kW
• 7.5 kW-75 kW
• Up to 7.5 kW
• Other Rated Powers

Torques Covered:
• Above 10,000 Nm
• Up to 10,000 Nm
• Other Torques

Applications Covered:
• Agriculture
• Home Appliances
• Seed Spreading
• Harvesting
• Irrigation
• Weed Control
• Other Applications

End Users Covered:
• Healthcare
• Power Generation
• Material Handling
• Marine
• Construction
• Food & Beverage
• Metals and Mining
• Automotive
• Manufacturing industry
• Packaging and Labelling
• 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 2020, 2021, 2022, 2025, and 2028
- 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