Press release
Prominent Gear Box And Gear Motor Market Trend for 2025: Increasing Focus On Developing Customized Industrial Gearboxes To Maximize Revenues
Gear Box And Gear Motor Market Insights
The gearbox and gear motor market will grow from $17.22 billion in 2024 to $18.13 billion in 2025, reflecting a CAGR of 5.3%. This growth is fueled by the rapid expansion of heavy machinery, early adoption in aviation and aerospace, pioneering industry applications, and the rise of automation and robotics.
The gearbox and gear motor market is expected to reach $22.03 billion by 2029 at a CAGR of 5.0%. Key drivers include the demand in the renewable energy sector, automation, and Industry 4.0 implementation. Trends in this market include maintenance-free solutions, energy-efficient designs, and the growing adoption of electric vehicles (EVs).
What Is Driving the Growth Trajectory of the Gear Box And Gear Motor Market?
The expansion of the construction industry is expected to propel the growth of the gearbox and gear motor market. The construction industry involves the planning, design, and building of physical structures and infrastructure. Gearboxes and gear motors are used in construction equipment to control speed and torque. For example, in July 2023, the Australian Bureau of Statistics reported a 1.3% increase in the number of dwellings under construction, reaching 240,813 units. Therefore, the growth of residential construction is driving the growth of the gearbox and gear motor market.
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Which Leading Companies Are Shaping the Growth of the Gear Box And Gear Motor Market?
Major companies operating in the gear box and gear motor market report are Mitsubishi Electric Corporation, Hitachi Ltd., Siemens AG, ABB Ltd., Toshiba Corporation, Eaton Corporation PLC, Emerson Electric Co., Danfoss A/S, Dana Incorporated, Sumitomo Heavy Industries, Bosch Rexroth, WEG Industries, Regal Rexnord Corporation, SEW-EURODRIVE GmbH & Co KG, Johnson Electric Holdings Limited, Nord Drivesystems, TECO Electric & Machinery Co. Ltd., Lenze Gruppe, ElectroCraft Inc., Elecon Engineering Company Ltd., TECO-Westinghouse Motors, Bonfiglioli Transmissions Private Limited, Bauer Gear Motor, Varvel SpA, Flender Group, Rossi Group LLC, Bison Gear and Engineering, NER Group Co. Ltd., Sha Yang Ye Industrial
What Are the Major Trends Shaping the Gear Box And Gear Motor Market?
In the gearbox and gear motor market, companies are focusing on developing specialized industrial gearboxes. For example, in January 2022, Dana Incorporated, a US-based equipment manufacturer, introduced the Brevini S-Series industrial planetary gearboxes, designed for biogas production and wastewater treatment facilities. These gearboxes ensure consistent temperature regulation and are resistant to water and corrosion.
What Are the Key Segments of the Gear Box And Gear Motor Market?
The gear box and gear motor market covered in this report is segmented -
1) Product Type: Gear Box, Gear Motors
2) By Gear Type: Spur Gear, Helical Gear, Bevel Gear, Worm Gear, Planetary Gear, Cycloidal Gear
3) By Distribution Channel: Direct Sales, Indirect Sales
4) By End-Use Industry: Wind Power, Material Handling, Food And Beverage, Cement And Aggregates, Metals And Mining, Pharmaceutical, Construction Power Generation, Chemicals, Marine, Other End-Use Industries
Subsegments:
1) By Gear Box: Parallel Shaft Gearbox, Right Angle Gearbox, Planetary Gearbox, Helical Gearbox
2) By Gear Motors: AC Gear Motors, DC Gear Motors, Stepper Gear Motors, Servo Gear Motors
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Which Region Dominates the Gear Box And Gear Motor Market?
Asia-Pacific was the largest region in the gear box and gear motors market in 2024. Middle East And Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the gear box and gear motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Gear Box And Gear Motor Global Market Report?
- Market Size Analysis: Analyze the Gear Box And Gear Motor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gear Box And Gear Motor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gear Box And Gear Motor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gear Box And Gear Motor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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