External Gear Motors Market share, Market trends, and forecasts from 2024 to 2031.

Market Overview and Report Coverage

External Gear Motors are mechanical devices that convert hydraulic or pneumatic energy into mechanical energy through the rotation of gears. They are commonly used in a wide range of industrial applications, including conveyors, mixers, and winches.
The current outlook of the External Gear Motors Market is positive, with a steady increase in demand from various industries such as construction, automotive, and agriculture. This growth can be attributed to the rising need for efficient and reliable hydraulic systems in industrial machinery.
The future outlook of the market is even more promising, with an expected Compound Annual Growth Rate (CAGR) of 11.70% during the forecasted period. This growth is anticipated to be driven by advancements in technology leading to the development of more energy-efficient and durable gear motors.
Overall, the External Gear Motors Market is poised for significant growth in the coming years, driven by increasing industrialization, automation, and the demand for more efficient machinery in various sectors.

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Market Segmentation
The External Gear Motors Market Analysis by types is segmented into:
• High Performance Type
• Standard Type

External gear motors are commonly classified into two main market types: High Performance Type and Standard Type. The High Performance Type is designed for applications that require high efficiency, precision, and durability, making them ideal for demanding industries such as aerospace and heavy machinery. On the other hand, the Standard Type is more cost-effective and commonly used in everyday applications where performance requirements are not as stringent. Both types cater to a wide range of industries and applications, offering varying levels of performance and functionality.

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The External Gear Motors Market Industry Research by Application is segmented into:
• Mobile Applications
• Factory Automation
• Machinery Applications
• Engineering

External gear motors are widely used in a variety of applications such as mobile applications, factory automation, machinery applications, and the engineering market. In mobile applications, they are utilized in vehicles for functions like steering and lifting equipment. In factory automation, they are used in conveyor systems and material handling equipment. In machinery applications, they are employed in hydraulic systems for various operations. In the engineering market, they are utilized for power transmission and control in various mechanical systems.

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In terms of Region, the External Gear Motors Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global External Gear Motors market?
The global external gear motors market is experiencing several emerging trends, including the increasing demand for energy-efficient and environmentally friendly solutions, the growing adoption of automation and robotics in various industries, and the rising focus on digitalization and smart technologies. Moreover, the market is witnessing a shift towards the development of compact and lightweight gear motors, as well as the integration of advanced features such as predictive maintenance and remote monitoring capabilities. In addition, the expansion of end-use industries such as automotive, construction, and agriculture is driving the growth of the global external gear motors market.

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Major Market Players
Bosch Rexroth is a leading player in the external gear motors market, offering a wide range of products for various industries. The company has a strong history of innovation and quality, which has helped it to grow its market share significantly. Bosch Rexroth has experienced steady market growth over the years, driven by its focus on providing cutting-edge solutions to its customers.
Parker is another key player in the external gear motors market, known for its reliable and high-quality products. The company has a long history of serving diverse industries and has built a strong reputation for its innovative solutions. Parker has seen substantial market growth, thanks to its commitment to meeting the changing needs of its customers.
Mitsubishi Electric is a prominent player in the external gear motors market, offering a wide range of products that cater to different applications. The company has a solid track record of providing efficient and durable solutions to its customers, driving its market growth. Mitsubishi Electric has continued to expand its market presence, thanks to its focus on customer satisfaction and product innovation.
In terms of sales revenue, Bosch Rexroth reported a revenue of €6.3 billion in 2020. Parker, on the other hand, generated a sales revenue of $12.6 billion in the same year. Mitsubishi Electric reported a revenue of $43.5 billion in 2020. These figures showcase the significant market presence and revenue generation capabilities of these key players in the external gear motors market.

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