About Industrial Gear Motors and Drives
Industrial gear motors and drives are power transmission components that help reduce the complexity and cost of designing and constructing power tools, machines, and appliances that need high torque at relatively low shaft speed. They can be classified into two product segments: Standard Geared Products and Precision Geared Products.
TechNavio's analysts forecast the Global Industrial Gear Motors and Drives market to grow at a CAGR of 5.21 percent over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Industrial Gear Motors and Drives market for the period 2015-2019. The report covers the five end-user industries for revenue consideration as illustrated in the exhibit.
TechNavio's report, the Global Industrial Gear Motors and Drives Market, has been prepared based on an in-depth market analysis, with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Industrial Gear Motors and Drives market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Industrial Gear Motors and Drives Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Industrial Gear Motors and Drives Market 2015-2019: ABB Ltd., Bonfiglioli RIDUTTORI S.p.A., Emerson Electric Co. and Siemens AG.
Other Prominent Vendors in the market are: Boston Gear, Eaton, Nord Drivesystems, Rexnord, SEW-Eurodrive and Sumitomo Heavy Industries.
Commenting on the report, an analyst from Technavio’s team said: “Market growth in the APAC and economic recovery in the Americas are expected to drive the construction industry globally. The improving US economy will lead to an increase in private non-residential construction spending. Rising construction will increase the demand for construction equipment, which will drive the demand for geared motors and geared drives during the forecast period.”
According to the report, the need to improve productivity is driving the global industrial gear motors and drives market. Rising raw material prices and intense competition have forced vendors to adopt efficient power transmission products.
Further, the report states that the availability of alternative technologies is hindering market growth.
ABB Ltd., Bonfiglioli RIDUTTORI S.p.A., Emerson Electric Co. and Siemens AG., Boston Gear, Eaton, Nord Drivesystems, Rexnord, SEW-Eurodrive and Sumitomo Heavy Industries