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.
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