The industrial gear motors and drives market is forecasted to grow by USD 3936.3 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the industrial gear motors and drives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for energy-efficient industrial gear motors and drives, increase in demand for automated equipment in industrial premises, and increasing demand for industrial gear motors and drives motors in APAC.
Technavio's industrial gear motors and drives market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.23%
CAGR
4.5%
Incremental Value
$3936.3mn
By End-user
Material handling
Food and beverages
Wind power
Chemicals and oil and gas
Others
By Type
Standard geared products
Precision geared products
By Geography
APAC
Europe
North America
Middle East and Africa
South America
This study identifies the increase in m and a activities as one of the prime reasons driving the industrial gear motors and drives market growth during the next few years. Also, increasing adoption of IoT in motors and drives and technological advances and new product developments will lead to sizable demand in the market.
The report on the industrial gear motors and drives market covers the following areas:
Industrial gear motors and drives market sizing
Industrial gear motors and drives market forecast
Industrial gear motors and drives market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial gear motors and drives market vendors that include ABB Ltd., Allied Motion Technologies Inc., Altra Industrial Motion Corp., Beacon Gear Transmissions Pvt. Ltd., Bonfiglioli Riduttori Spa, Buhler Motor GmbH, Demag Cranes and Components GmbH, Eaton Corp. PLC, Elecon Engineering Co. Ltd., ElectroCraft Inc., Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., NER GROUP Co. Ltd., Nidec Corp., Nord Gear Ltd., Regal Rexnord Corp., SDT Drive Technology, SEW EURODRIVE GmbH and Co KG, Siemens AG, and Sumitomo Heavy Industries Ltd.. Also, the industrial gear motors and drives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Industrial Gear Motors And Drives Market 2018 - 2022
Historic Market Size - Data Table on Global Industrial Gear Motors And Drives Market 2018 - 2022 ($ million)