NEW YORK, Sept. 19, 2022 /PRNewswire/ -- The "Industrial Gear Motors And Drives Market" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the industrial gear motors and drives market between 2021 and 2026 is USD 4.76 billion. This report extensively covers industrial gear motors and drives market segmentation by end-user (material handling, food and beverages, wind power, chemicals and oil and gas, and others), type (standard geared products and precision geared products), and geography (APAC, Europe, North America, Middle East and Africa, and South America). To get the exact yearly growth variance and the Y-O-Y growth rate, Buy Sample Report.
Key Market Dynamics:
The growing demand for energy-efficient industrial gear motors and drives is one of the key factors driving growth in the industrial gear motors and drives market. The demand for high-efficiency motors in end-user industries such as material handling and food and beverage is growing by the day.
This is primarily due to the fact that these industries are constantly increasing their production volume to meet the growing global demand. Because they can perform operations at high speeds, industrial gear motors and drives are efficient and save energy. As a result of rising demand from end-user industries, the global industrial gear motors and drives market is expanding. Request Free Sample Report.
Key Market Geographical Landscape
APAC will account for 43% of market growth. APAC's key markets for industrial gear motors and drives are China, Japan, and India. The market in this region will grow faster than the market in other regions. The rising demand for infrastructure development in the industrial and construction sectors will benefit industrial gear motors and drive market growth in APAC during the forecast period.
Some Companies Mentioned with their Offerings
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
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Industrial Gear Motors And Drives Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.33%
Market growth 2022-2026
$ 4.76 billion
YoY growth (%)
APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution
APAC at 43%
Key consumer countries
US, China, Japan, India, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by End-user
5.1 Market segments
5.2 Comparison by End-user
5.3 Material handling - Market size and forecast 2021-2026
5.4 Food and beverages - Market size and forecast 2021-2026
5.5 Wind power - Market size and forecast 2021-2026
5.6 Chemicals and oil and gas - Market size and forecast 2021-2026
5.7 Others - Market size and forecast 2021-2026
5.8 Market opportunity by End-user
6 Market Segmentation by Type
6.1 Market segments
6.2 Comparison by Type
6.3 Standard geared products - Market size and forecast 2021-2026
6.4 Precision geared products - Market size and forecast 2021-2026
6.5 Market opportunity by Type
7 Customer Landscape
7.1 Customer landscape overview
8 Geographic Landscape
8.1 Geographic segmentation
8.2 Geographic comparison
8.3 APAC - Market size and forecast 2021-2026
8.4 Europe - Market size and forecast 2021-2026
8.5 North America - Market size and forecast 2021-2026
8.6 Middle East and Africa - Market size and forecast 2021-2026
8.7 South America - Market size and forecast 2021-2026
8.8 China - Market size and forecast 2021-2026
8.9 US - Market size and forecast 2021-2026
8.10 Japan - Market size and forecast 2021-2026
8.11 Germany - Market size and forecast 2021-2026
8.12 UK - Market size and forecast 2021-2026
8.13 India - Market size and forecast 2021-2026
8.14 Market opportunity by geography
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
9.4 Market trends
10 Vendor Landscape
10.2 Vendor landscape
10.3 Landscape disruption
10.4 Industry risks
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 ABB Ltd.
11.4 Altra Industrial Motion Corp.
11.5 Bonfiglioli Riduttori Spa
11.6 Eaton Corp. Plc
11.7 Johnson Electric Holdings Ltd.
11.8 Mitsubishi Electric Corp.
11.9 Nidec Corp.
11.10 Regal Rexnord Corp.
11.11 Siemens AG
11.12 Sumitomo Heavy Industries Ltd.
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
12.3 Currency conversion rates for US$
12.4 Research methodology
12.5 List of abbreviations
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