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Global Industrial Gearbox and Gear Motors Market is Projected to Reach US$ 21,728 Mn by 2025

Author: QYResearch | Publish date: 2018-08-17 | Views: 59
New report published by QY Research which offers insights on the global Industrial Gearbox and Gear Motors market. The Industrial Gearbox and Gear Motors market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Industrial Gearbox and Gear Motors is expected to reflect a 1.4x increase in the revenue growth. In 2017 the global Industrial Gearbox and Gear Motors market was valued at US$ 15,384 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 21,728 Mn growing at a value CAGR of 4.41% throughout the period of forecast.

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Global Industrial Gearbox and Gear Motors Market: Market Driver and Restraint

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.


Global Industrial Gearbox and Gear Motors Market: Forecast by Type

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.


Global Industrial Gearbox and Gear Motors Market: Forecast by Application

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. 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.


Global Industrial Gearbox and Gear Motors Market: Forecast by Region

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.


Global Industrial Gearbox and Gear Motors Market: Key Players

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.


Click to view the full report TOC, figure and tables:

https://www.qyresearch.com/index/detail/666463/global-industrial-gearbox-and-gear-motors-market


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