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Gear Motor Market Share

Report ID: GMI10429
Published Date: Jul 2024
Report Format: PDF

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Gear Motor Market Share

Global Gear Motor Company Market Share Analysis, 2023

The key players operating in the market BONFIGLIOLI S.P.A., Emerson, Seimen, Altra Industrial Motion, Sumitomo Heavy Industries, Ltd., all together comprising a market share of 20%-25% in 2023. Due to their expertise, presence, diversified product offering, and other factors, these companies have supplied quite a few industries like automotive, manufacturing, and aerospace. They provide leadership through innovation, offering state-of-the-art gear motor solutions on three main drive lines: helical, bevel, and planetary motors for a wide base of applications. They have a customer-oriented approach with an extremely broad distribution network, which provides high-quality products and reliable performance combined with comprehensive support services.

Gear Motor Market Companies

Major key players operating in the gear motor industry include:

INEED ELECTRONICS (HONGKONG) LIMITED
SEW-EURODRIVE
Jiangsu Guomao Reducer Co. Ltd. (China)
Nidec Corporation (Japan)
Bauer Gear GmBH (Germany)
Bonfiglioli S.P.A. (Italy)
Power Build Private Limited (India)
Regal Rexnord (U.S.)
Shanthi Gears Limited (India)
Nabtesco
SEW Eurodrive (Germany)
Emerson Electric (U.S.)
Sumitomo Heavy Industries (Japan)
Portescap
HarmonicDrive
FLENDER
Siemens

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of gear motor was reached USD 5.96 billion in 2023 and is expected to register about 4.8% CAGR between 2024 and 2032, surge in investment in power generation, specifically from renewable sources and wind power.

Bevel gear motor segment generated a revenue of USD 1.41 billion in 2023 and is expected to cross USD 2.22 billion by 2032, due to their exceptional efficiency, versatility, and reliability across diverse industrial applications.

The US dominated North America gear motor market with revenue of around USD 1.19 billion in 2023 and expected to reach around USD 1.91 billion by 2032, owing to the industrialized base with a robust manufacturing sector, alongside extensive use of gear motors in industries related to automobiles, food & beverage, aerospace, and industrial machinery.

Regal Rexnord (U.S.), Shanthi Gears Limited (India), Nabtesco, SEW Eurodrive (Germany), Emerson Electric (U.S.), Sumitomo Heavy Industries (Japan), Portescap, HarmonicDrive, and FLENDER among others.