Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.24 Billion | USD 10.27 Billion | 5.1% | 2024 |
The global gear motors market size was worth around USD 6.24 Billion in 2024 and is predicted to grow to around USD 10.27 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.1% between 2025 and 2034.
The report analyzes the global gear motors market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the gear motors industry.
A motor comprising a set of speed gears is termed a gear motor. In a gear motor, an electric motor and reduction gear are integrated into a single unit. This motor can be operated in many directions including horizontal, vertical, or tilted. Furthermore, gear motors are utilized in farming activities such as weed controlling, seed spreading, harvesting, and irrigation. Various kinds of gear motor types include bevel gear motors, shaft-mounted gear motors, worm gear motors, and helical gear motors. Reportedly, gear motors operate on direct current and alternating current.
Rise in wind power installations and reduced gear motors costs to expedite the global market trends
Surging wind power deployments and the minimal cost of gear motors as well as their compact nature are predicted to exponentiate the expansion of the global gear motors market in the years to come. Rising concerns pertaining to the efficacy of mechanical power transmission to expand the scope of the growth of the global market. Surge in the number of renewable energy projects will push the global market trends. Rapid changes in designing processes, execution of modular & compact designs, and simple mechanical designs of particular products will foster the gear motors market surge in the forecasting years.
Furthermore, escalating awareness about hybrid technology and a rise in the number of industries inclined towards the use of green products will prop up the growth of the gear motors market across the globe. Growing penetration of gear motors in the farming sector to boost the expansion of the global market.
Huge initial and maintenance costs to impede the global industry expansion
High initial costs and after-sales services can impede the expansion of the global gear motors industry. Surging maintenance & production costs and the easy availability of alternative products can impede the growth of the gear motors industry.
Surging penetration of gear motors in automotive and food & beverages sectors to open new vistas of growth for the global market
Escalating use of gear motors in the food & beverages and automotive sectors will open new growth avenues for the global gear motors market in the years to come.
Need for routine monitoring of gear motors & gear boxes for avoiding oil leaks to prove a big challenge for the global industry
The requirement of constant inspection of gearboxes and gear motors for preventing oil leakage and temperature check can prove to be a key challenge in the growth path of the global gear motors industry.
The global gear motors market is sectored into the product, gear type, rated power, torque, end-user industry, and region.
In terms of gear type, the global gear motors market is divided into helical, planetary, helical-bevel, and worm segments. The helical-bevel segment, which accounted for the major market share in 2022, is predicted to contribute majorly towards the global market share by 2030. The segmental growth can be attributed to its ability in reducing noise during gear operations. Furthermore, the escalating use of the product in high-speed cars due to its less friction will boost the segmental surge. Moreover, the product is likely to witness huge penetration in industrial settings such as plastic, rubber, and cement constructions.
Based on product, the market is segregated into the gearbox and gear motor
Based on rated power, the market is segmented into up to 7.5kW, 7.5kW to 75kW, and above 75kW.
Based on torque, the market is divided into up to 10,000 Nm and Above 10,000 Nm
Based on the end-user industry, the global Gear Motors industry is bifurcated into Wind Power, Food & Beverage, Metals & Mining, Automotive, Construction, Cement & Aggregates, Power Generation, Chemicals, Rubber, & Plastics, Material Handling, and Marine segments. Furthermore, the automotive segment is predicted to contribute a major share of the global market over the forecast timeline. The growth of the segment over the projected timeline is owing to the rise in use of gear motors in commercial and passenger vehicles. Apart from this, gear motors are used for driving lifts and conveyors in the automotive sector and improve the smoothness of vehicle machinery.
Report Attributes | Report Details |
---|---|
Report Name | Gear Motors Market |
Market Size in 2024 | USD 6.24 Billion |
Market Forecast in 2034 | USD 10.27 Billion |
Growth Rate | CAGR of 5.1% |
Number of Pages | 199 |
Key Companies Covered | Eaton, Siemens, SEW-EURODRIVE, WEG Gear Systems GmbH, Johnson Electric Holdings Limited, Emerson Electric Co., Bauer Gear Motor, Sumito Drive Technologies, ABB, Regal Rexnord, Portescap, ORIENTAL MOTOR USA CORP, and others. |
Segments Covered | By Type, By Rated Power, By Torque, By End Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Gear Motors Market in the Asia-Pacific To Experience Escalating Growth During 2025-2034
The Asia-Pacific region is expected to lead the global Gear Motors market over the forecast timeline. The growth of the regional market in the upcoming years can be due to swift infrastructural growth and rapid industrialization. Increase in wind power projects and growing industrial developments in Japan, China, and India will boost the regional market trends.
Furthermore, North America is slated to contribute lucratively towards the overall gear motors industry surge in the forthcoming years. The regional expansion over 2023-2030 can be credited to high investment in green energy and wind energy generation ventures. In addition to this, large-scale demand for gear motors in Europe will culminate in humungous growth of the gear motors market in Europe. Rise in the production of sustainable energy by windmills in European countries such as Germany, France, and the UK will push the expansion in the size of the gear motors market in Europe.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the gear motors market on a global and regional basis.
The global gear motors market is dominated by players like:
By Type
By Rated Power
By Torque
By End Use
By Region
FrequentlyAsked Questions
The global gear motors market is expected to grow due to increasing industrial automation, growing demand for energy-efficient solutions, expansion of wind power installations and other renewable energy projects, and rising investments in infrastructure development and manufacturing across various industries.
According to a study, the global gear motors market size was worth around USD 6.24 Billion in 2024 and is expected to reach USD 10.27 Billion by 2034.
The global gear motors market is expected to grow at a CAGR of 5.1% during the forecast period.
Asia-Pacific is expected to dominate the gear motors market over the forecast period.
Leading players in the global gear motors market include Eaton, Siemens, SEW-EURODRIVE, WEG Gear Systems GmbH, Johnson Electric Holdings Limited, Emerson Electric Co., Bauer Gear Motor, Sumito Drive Technologies, ABB, Regal Rexnord, Portescap, ORIENTAL MOTOR USA CORP, among others.
The report explores crucial aspects of the gear motors market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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