Gear Motors Market: Current Analysis and Forecast (2022-2028)

Gear Motors Market: Current Analysis and Forecast (2022-2028)

A gear motor is a combination of a gear system or gearbox and an electric motor that is used globally, in various applications. It is a compact and integrated motor unit that combines a gear reduction system with an electric motor to deliver high torque at low speeds. This high-efficiency motor unit is widely used in a variety of industrial and commercial applications, where a reliable and controlled application of rotational force is required. The gear reduction system in the motor provides a mechanical advantage by reducing the output speed and increasing the output torque, making it ideal for applications that require high torque at low speeds.

The gear motors market is expected to grow at a steady rate of around 5% owing to the growing trend towards automation in various industries. Gear motors offer high efficiency and reliable performance, making them a popular choice for various applications such as making them suitable for a variety of industries such as material handling, food & beverages, automotive, and mining. Also, gear motors can help save energy compared to other types of motors, making them an attractive choice for energy-conscious customers.

• Based on gear type, the market is segmented into helical, planetary, helical-bevel gear, worm, and others. The helical category is to witness the highest CAGR during the forecast period. This is mainly due to its various applications such as durability, high torque output, ease of integration, low noise & vibration, energy efficiency, cost-effectiveness, improved reliability, high load-carrying capacity, and low maintenance requirements.
• On the basis of rated power, the market is categorized into Up to 7.5 kW, 7.5 kW-75 kW, and Above 75 kW. Among these, the 7.5 kW category held a significant share of the market in 2021. The 7.5 kW rated power gear motors are industrial-grade electric motors designed for high-power applications such as conveyors, material handling systems, and large machinery. The major factors for the growth of this segment are high torque output, energy efficiency, and 7.5 kW rated power gear motors are commonly used in heavy-duty industrial applications, where high power and high torque are required to drive large machinery and equipment.
• Based on end-user, the gear motors market has been classified into food & beverages, automotive, metal & mining, material handling, oil & gas, and others. The material handling category is to witness the fastest adoption of gear motors during the forecast period. Gear motors are built for tough environments and can withstand heavy loads and repeated usage, making them suitable for the material handling industry and gear motors can be integrated into tight spaces, which will be a great choice for material handling applications where space is limited.
• For a better understanding of the market adoption of the gear motors industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for automation and rising industrialization in countries such as China, India, and South East Asia. The growth is driven by factors such as increasing demand for consumer electronics, home appliances, and automotive production, as well as growing investments in infrastructure and manufacturing. In addition, favorable government policies and investments in the automobile sector or renewable energy are expected to further boost the market growth in the region. For instance, in 2021, Fiat Chrysler Automobiles (FCA) announced an investment of 250 million USD to grow its presence in India with the launch of four new sport utility vehicles (SUVs) under its Jeep brand in two years.
• Some of the major players operating in the market include Eaton; Siemens; ABB Motors and Mechanical Inc.; SEW-EURODRIVE; Flender; Watt Drive WEG Group.; Altra Industrial Motion Corp.; Sumitomo Heavy Industries, Ltd.; Emerson Electric Co.; Elecon Engineering Company Limited