Global Industrial Gearbox and Gear Motors Market - Snapshot

Industrial gearboxes are the type of rotating machines that use gear and gear trains to transmit speed and torque in order to move the other devices. They work in tandem and provide a mechanical advantage that offers excellent power transmission. With the multiple gear ratios, it is possible to switch between different speed and torque as per the requirement, and this can be done manually or automatically. A gearbox is preferably used to increase speed and decrease torque. An industrial gear motor is an element that integrates a gear reducer. Gear motors can deliver high torque at low power and low speed. This is because of the gearhead function, which acts as a torque multiplier and allows small motors to generate higher torque. Most industrial gear motors use AC motors.

global industrial gearbox and gear motors market

Industrial gearboxes and gear motors are an integral part of various end-use industries. Following the rising demand in the Asia Pacific region, manufacturers are shifting their base to this region which is one of the main reasons for the growth of the industrial gearbox and gear motors market in the Asia Pacific region. The market in Asia Pacific is expected to expand at a CAGR of 4.9% over the forecast period.

Investment in discrete manufacturing sectors such as packaging, plastics, automotive, and unit material handling are expected to create sales opportunities for industrial gearboxes and gear motors. The manufacturing of mass-produced automobiles typically relies on conveyors and equipment to bring the parts and assemblies to a location where robots or workers are tasked with a specific function in the elaborate process of assembling a car or truck. These electric motors are often connected directly to gearboxes as gear motors and are used for driving conveyors, lifts, robot arms, etc. The end-markets and applications for industrial gearbox and gear motors are diverse. The global market is heavily reliant on the material handling, wind power, automotive, and construction industry. The future prospect of this industry is strongly correlated to economic activity, especially in core sectors like power, infrastructure, mining, oil and so on. The growing demand for power is expected to pave the way for newer power projects and hence increase the usage of geared components. Material handling industry had the highest market share in 2016 and is expected to expand at a CAGR of 4.5% over the forecast period.

Industrial gearboxes and gear motors come in a variety of sizes to ensure perfect duration and smooth running in all types of applications. The simplicity of the design has allowed the widespread acceptance of industrial gearboxes and gear motors. Modular and compact design and flexibility in usage boosts the cost effectiveness of industrial gearbox and gear motors.

The industrial gearbox and gear motors market is segmented in terms of product type, gear type, power, industry, and geography. By product type, the market is divided into gearbox and gear motors. By gear type, the market is classified into helical, bevel, worm, planetary, and others which include spur gear, spiral gear etc. Helical is the most commonly used gear in transmissions. They also generate large amounts of thrust and use bearings to help support the thrust load. Increasing number of power transmission projects in North America is leading to the growth of the helical gear market. Moreover, gear motors efficiency depends on friction. This in turn depends on the quality of the gearing, the number of tooth engagements, and the load torque. Helical and planetary account for major share in the global industrial gearbox and gear motors market. The helical gear segment is expected to experience a CAGR of 4.5% over the forecast period. Helical is the most commonly used gear in transmissions. They also generate large amounts of thrust and use bearings to help support the thrust load due to rapid urbanization. By power, gear motors can be categorized into up to 7.5 kW, 7.5 kWto 75kW, and above 75 kW. By industry, it is segmented into food & beverage, wind power, metals & mining, cement & aggregates, automotive, material handling, construction, chemicals, power generation (excluding wind power), and others (marine, rubber, & plastics etc.).

Asia Pacific and North America are anticipated to account for major market share due to increased wind power projects and rising demand in these regions. The market in Asia Pacific is projected to witness steady growth due to growing population and increasing income levels. Industries such as construction, automotive, material handling, and wind power are in the process of expanding and renovating their facilities in this region. These process industries are always in expansion mode and thus they demand plants and machineries which are driven by industrial gearbox and gear motors. In terms of gear type, planetary gears are estimated to constitute the fastest growing segment of the market. The demand for helical gear motors is higher than other gear types. Helical gear motor held the largest market share and is expected to dominate the market over the forecast period. Widespread acceptance of industrial gearbox and gear motors has generated a massive customer base and this, in turn, is expected to improve the growth statistics of the industry.

The global industrial gearbox and gear motor market is highly diversified with competition distributed across a wide range of industrial and geographic product segments. Some of the industry participants of the global industrial gearbox and gear motors market are SEW-Eurodrive GmbH & Co. KG (Germany), Siemens AG, Bonfiglioli Riduttori S.p.A, Winergy, Bauer Gear Motor GmbH, China High Speed Transmission Equipment Group Co. Ltd., Eaton Corporation PLC, and ABB Ltd.

Global Industrial Gearbox and Gear Motors Market: Overview

This report on the global Industrial gearbox and gear motors market provides analysis for the period 2016–2026, wherein 2017 is the base year and 2018 to 2026is the forecast period. Data for 2016 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the growth of the industrial gearbox and gear motors market during the said period. The study provides comprehensive analysis on market growth throughout the above forecast period in terms of value and volume estimates (US$ Mn and Million Units) across different geographies.

Global Industrial Gearbox and Gear Motors Market: Trends and Opportunities

The growth in wind-power generation capacity over the past few decades has been amplified by the decline in the cost of components used in turbines, including the cost of gearboxes. The cost of wind-turbine gearboxes has decreased considerably over the years. The average cost of a gearbox unit has declined due to the improvements in gearbox technology and reduction in manufacturing costs. The growing trend of vertical integration of gearbox manufacturing by wind turbine suppliers is also assisting the cause. Investment in discrete manufacturing sectors such as packaging, plastics, automotive, and unit material handling are expected to create sales opportunities for industrial gearboxes and gear motors. The manufacturing of mass-produced automobiles typically relies on conveyors and equipment to bring the parts and assemblies to a location where robots or workers are tasked with a specific function in the elaborate process of assembling a car or truck. These electric motors are often connected directly to gearboxes as gear motors and are used for driving conveyors, lifts, robot arms, etc. Machines used in the packaging industry must deliver high performance in often demanding environments. High speed and accurate and repeatable movements are necessary in environments where temperature, pressure, and loads can place a strain on electromechanical components, including packaging gear.

Global Industrial Gearbox and Gear Motors Market: Key Segments

The industrial gearbox and gear motors market has been segmented based on product type, gear type, power, industry, and geography. Based on product, the market has been classified into gearbox and gear motors. Gear type is divided into helical, bevel, worm, planetary, and others (spur, spiral etc.). By power, gear motors are segmented into up to 7.5 Kw, 7.5 kW to 75 Kw,  and above 75 Kw; By industry, the market is classified into Food & Beverage, Wind Power, Metals & Mining, Cement & Aggregates, Automotive, Material Handling, Construction, Chemicals, Power Generation (Excluding Wind Power), and Others (Marine, Rubber, & Plastics etc.). Geographically, the report classifies the market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America.

Global Industrial Gearbox and Gear Motors Market: Scope of the Study

The report also includes key developments in the industrial gearbox and gear motors market. Porter’s Five Force Analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and degree of competition is included in the report. Value chain analysis which shows workflow in the industrial gearbox and gear motors market and identifies raw material service providers and distribution channels are also covered in the report. Segment trends and regional trends are part of the report. It also covers segment-wise comparison matrix, incremental opportunity analysis, and market positioning of key players for all regions covered in the scope of study.

Incremental opportunity analysis identifies and compares attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa, and South America along with all the countries included in these regions. The same has also been provided for the product segments.

Global Industrial Gearbox and Gear Motors Market: Competitive Landscape

The report includes competition landscape which covers competition matrix, market share analysis of major players in the global industrial gearbox and gear motors market based on their 2017 revenues, and profiles of major players. Competition matrix benchmarks leading players based on their capabilities and potential to grow. Factors including market position, offerings, and R&D focus are attributed to a company’s capabilities. Top line growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow. This section also identifies and includes various recent developments carried out by leading players of the industrial gearbox and gear motors market.

Company profiling includes company overview, major business strategies adopted, and key developments. The companies profiled in the global industrial gearbox and gear motors market include SEW-Eurodrive GmbH & Co. KG (Germany), Siemens AG, Bonfiglioli Riduttori S.p.A, Winergy, Bauer Gear Motor GmbH, China High Speed Transmission Equipment Group Co. Ltd., Eaton Corporation PLC, and ABB Ltd.

The global industrial gearbox and gear motors market is segmented as below:

Global Industrial Gearbox and Gear Motors Market, by Product

  • Gearbox
  • Gear Motors

Global Industrial Gearbox and Gear Motors Market, by Gear Type

  • Helical
  • Bevel
  • Worm
  • Planetary
  • Others (Spur, Spiral, etc.)

Global Industrial Gear Motors Market, by Power

  • Up to 7.5 Kw
  • 5 Kw to 75 Kw
  • Above 75 Kw

Global Industrial Gear Motors Market, by Industry

  • Food & Beverage
  • Wind Power
  • Metals & Mining
  • Cement & Aggregates
  • Automotive
  • Material Handling
  • Construction
  • Chemicals
  • Power Generation (Excluding Wind Power)
  • Others (Marine, Rubber, & Plastics etc.)

Global Industrial Gearbox and Gear Motors Market, by Geography

  • North America
    • Industrial Gearbox and Gear Motors Market, by Product
    • Industrial Gearbox and Gear Motors Market, by Gear Type
    • Industrial Gear Motors Market, by Power
    • Industrial Gearbox and Gear Motors Market, by Industry
    • Industrial Gearbox and Gear Motors Market, by Country
      • U.S.
      • Canada
      • Rest of North America
    • Europe
      • Industrial Gearbox and Gear Motors Market, by Product
      • Industrial Gearbox and Gear Motors Market, by Gear Type
      • Industrial Gear Motors Market, by Power
      • Industrial Gearbox and Gear Motors Market, by Industry
      • Industrial Gearbox and Gear Motors Market, by Country
        • Germany
        • United Kingdom
        • France
        • Rest of Europe
      • Asia Pacific
        • Industrial Gearbox and Gear Motors Market, by Product
        • Industrial Gearbox and Gear Motors Market, by Gear Type
        • Industrial Gear Motors Market, by Power
        • Industrial Gearbox and Gear Motors Market, by Industry
        • Industrial Gearbox and Gear Motors Market, by Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Middle East & Africa
          • Industrial Gearbox and Gear Motors Market, by Product
          • Industrial Gearbox and Gear Motors Market, by Gear Type
          • Industrial Gear Motors Market, by Power
          • Industrial Gearbox and Gear Motors Market, by Industry
          • Industrial Gearbox and Gear Motors Market, by Country
            • GCC
            • South Africa
            • Rest of Middle East &Africa
  • South America
    • Industrial Gearbox and Gear Motors Market, by Product
    • Industrial Gearbox and Gear Motors Market, by Gear Type
    • Industrial Gear Motors Market, by Power
    • Industrial Gearbox and Gear Motors Market, by Industry
    • Industrial Gearbox and Gear Motors Market, by Country
      • Brazil
      • Rest of South America
.