Product Code: IRTNTR70681
Abstract
The geared motors and drives market is forecasted to grow by USD 8455.18 mn during 2023-2028, accelerating at a CAGR of 7.3% during the forecast period. The report on the geared 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 the growing importance of accuracy in quality control processes, the rising need to maintain certification standards of industrial products, and the increasing use of geared motor and drive systems in automotive plants.
Market Scope |
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.06% |
CAGR | 7.3% |
Incremental Value | $8455.18mn |
Technavio's geared motors and drives market is segmented as below:
By Type
- Geared motors
- Geared drives
By End-user
- Food and beverage
- Metals and mining
- Automotive
- Wind power
- Oil and gas and others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the emergence of magnetic gearboxes as one of the prime reasons driving the geared motors and driving market growth during the next few years. Also, the advent of IoT in electric drives and technological advances and new product developments will lead to sizable demand in the market.
The report on the geared motors and drives market covers the following areas:
- Geared motors and drives market sizing
- Geared motors and drives market forecast
- Geared 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 geared motors and drives market vendors that include ABB Ltd., Boneng Transmission Suzhou Co. Ltd., Bonfiglioli Riduttori Spa, Dana Inc., dematek GmbH and Co. KG, DieQua Corp., Eaton Corp. Plc, Elecon Engineering Co. Ltd., Emerson Electric Co., Groschopp, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Nidec Corp., Regal Rexnord Corp., SDT Drive Technology, SEW-EURODRIVE GmbH and Co KG, Siemens AG, Sumitomo Heavy Industries Ltd., Watt Drive Antriebstechnik GmbH, and Nord Gear Ltd.. Also, the geared 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 way of study, synthesis, and summation of data from multiple sources through 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 accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global geared motors and drives market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global geared motors and drives market 2018 - 2022 ($ million)
- 4.2 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Geared motors - Market size and forecast 2023-2028
- Exhibit 34: Chart on Geared motors - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Geared motors - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Geared motors - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Geared motors - Year-over-year growth 2023-2028 (%)
- 6.4 Geared drives - Market size and forecast 2023-2028
- Exhibit 38: Chart on Geared drives - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Geared drives - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Geared drives - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Geared drives - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Exhibit 46: Chart on Comparison by End-user
- Exhibit 47: Data Table on Comparison by End-user
- 7.3 Food and beverage - Market size and forecast 2023-2028
- Exhibit 48: Chart on Food and beverage - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on Food and beverage - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on Food and beverage - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Food and beverage - Year-over-year growth 2023-2028 (%)
- 7.4 Metals and mining - Market size and forecast 2023-2028
- Exhibit 52: Chart on Metals and mining - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Metals and mining - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Metals and mining - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Metals and mining - Year-over-year growth 2023-2028 (%)
- 7.5 Automotive - Market size and forecast 2023-2028
- Exhibit 56: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Chart on Automotive - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
- 7.6 Wind power - Market size and forecast 2023-2028
- Exhibit 60: Chart on Wind power - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Data Table on Wind power - Market size and forecast 2023-2028 ($ million)
- Exhibit 62: Chart on Wind power - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Wind power - Year-over-year growth 2023-2028 (%)
- 7.7 Oil and gas and others - Market size and forecast 2023-2028
- Exhibit 64: Chart on Oil and gas and others - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Data Table on Oil and gas and others - Market size and forecast 2023-2028 ($ million)
- Exhibit 66: Chart on Oil and gas and others - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Oil and gas and others - Year-over-year growth 2023-2028 (%)
- 7.8 Market opportunity by End-user
- Exhibit 68: Market opportunity by End-user ($ million)
- Exhibit 69: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Germany - Market size and forecast 2023-2028
- Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.11 India - Market size and forecast 2023-2028
- Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.12 UK - Market size and forecast 2023-2028
- Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 115: Market opportunity By Geographical Landscape ($ million)
- Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 120: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 121: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 12.3 ABB Ltd.
- Exhibit 123: ABB Ltd. - Overview
- Exhibit 124: ABB Ltd. - Business segments
- Exhibit 125: ABB Ltd. - Key news
- Exhibit 126: ABB Ltd. - Key offerings
- Exhibit 127: ABB Ltd. - Segment focus
- 12.4 Bonfiglioli Riduttori Spa
- Exhibit 128: Bonfiglioli Riduttori Spa - Overview
- Exhibit 129: Bonfiglioli Riduttori Spa - Product / Service
- Exhibit 130: Bonfiglioli Riduttori Spa - Key offerings
- 12.5 Dana Inc.
- Exhibit 131: Dana Inc. - Overview
- Exhibit 132: Dana Inc. - Business segments
- Exhibit 133: Dana Inc. - Key news
- Exhibit 134: Dana Inc. - Key offerings
- Exhibit 135: Dana Inc. - Segment focus
- 12.6 DieQua Corp.
- Exhibit 136: DieQua Corp. - Overview
- Exhibit 137: DieQua Corp. - Product / Service
- Exhibit 138: DieQua Corp. - Key offerings
- 12.7 Eaton Corp. Plc
- Exhibit 139: Eaton Corp. Plc - Overview
- Exhibit 140: Eaton Corp. Plc - Business segments
- Exhibit 141: Eaton Corp. Plc - Key news
- Exhibit 142: Eaton Corp. Plc - Key offerings
- Exhibit 143: Eaton Corp. Plc - Segment focus
- 12.8 Elecon Engineering Co. Ltd.
- Exhibit 144: Elecon Engineering Co. Ltd. - Overview
- Exhibit 145: Elecon Engineering Co. Ltd. - Business segments
- Exhibit 146: Elecon Engineering Co. Ltd. - Key offerings
- Exhibit 147: Elecon Engineering Co. Ltd. - Segment focus
- 12.9 Emerson Electric Co.
- Exhibit 148: Emerson Electric Co. - Overview
- Exhibit 149: Emerson Electric Co. - Business segments
- Exhibit 150: Emerson Electric Co. - Key news
- Exhibit 151: Emerson Electric Co. - Key offerings
- Exhibit 152: Emerson Electric Co. - Segment focus
- 12.10 Johnson Electric Holdings Ltd.
- Exhibit 153: Johnson Electric Holdings Ltd. - Overview
- Exhibit 154: Johnson Electric Holdings Ltd. - Business segments
- Exhibit 155: Johnson Electric Holdings Ltd. - Key offerings
- Exhibit 156: Johnson Electric Holdings Ltd. - Segment focus
- 12.11 Mitsubishi Electric Corp.
- Exhibit 157: Mitsubishi Electric Corp. - Overview
- Exhibit 158: Mitsubishi Electric Corp. - Business segments
- Exhibit 159: Mitsubishi Electric Corp. - Key news
- Exhibit 160: Mitsubishi Electric Corp. - Key offerings
- Exhibit 161: Mitsubishi Electric Corp. - Segment focus
- 12.12 Nidec Corp.
- Exhibit 162: Nidec Corp. - Overview
- Exhibit 163: Nidec Corp. - Business segments
- Exhibit 164: Nidec Corp. - Key news
- Exhibit 165: Nidec Corp. - Key offerings
- Exhibit 166: Nidec Corp. - Segment focus
- 12.13 Nord Gear Ltd.
- Exhibit 167: Nord Gear Ltd. - Overview
- Exhibit 168: Nord Gear Ltd. - Product / Service
- Exhibit 169: Nord Gear Ltd. - Key offerings
- 12.14 Regal Rexnord Corp.
- Exhibit 170: Regal Rexnord Corp. - Overview
- Exhibit 171: Regal Rexnord Corp. - Business segments
- Exhibit 172: Regal Rexnord Corp. - Key offerings
- Exhibit 173: Regal Rexnord Corp. - Segment focus
- 12.15 SDT Drive Technology
- Exhibit 174: SDT Drive Technology - Overview
- Exhibit 175: SDT Drive Technology - Product / Service
- Exhibit 176: SDT Drive Technology - Key offerings
- 12.16 Siemens AG
- Exhibit 177: Siemens AG - Overview
- Exhibit 178: Siemens AG - Business segments
- Exhibit 179: Siemens AG - Key news
- Exhibit 180: Siemens AG - Key offerings
- Exhibit 181: Siemens AG - Segment focus
- 12.17 Sumitomo Heavy Industries Ltd.
- Exhibit 182: Sumitomo Heavy Industries Ltd. - Overview
- Exhibit 183: Sumitomo Heavy Industries Ltd. - Product / Service
- Exhibit 184: Sumitomo Heavy Industries Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 185: Inclusions checklist
- Exhibit 186: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 187: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 188: Research methodology
- Exhibit 189: Validation techniques employed for market sizing
- Exhibit 190: Information sources
- 13.5 List of abbreviations
- Exhibit 191: List of abbreviations