Global Industrial Gear Motors Market Size By Gear Type (Helical Gear Motors, Worm Gear Motors, Helical-Bevel Gear Motors), By Industry (Material Handling, Automotive, Construction, Power Generation, Metals And Mining), By Geographic Scope And Forecast

Industrial Gear Motors Market Valuation – 2024-2031

The increasing adoption of automation in manufacturing processes is propelling the adoption of industrial gear motors. The expansion of renewable energy sources, such as wind turbines, relies heavily on industrial gear motors for efficient energy conversion and transmission is driving the market size surpass USD 24.75 Billion valued in 2024 to reach a valuation of around USD 36.46 Billion by 2031.

In addition to this, technological innovations in gear motor design, including improvements in efficiency, durability, and size is spurring up the adoption of industrial gear motors. The automotive sector’s growth, particularly in electric vehicles and advanced manufacturing techniques, increases the need for specialized gear motors for various automotive applications, this is enabling the market to grow at a CAGR of 4.96% from 2024 to 2031.

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Industrial Gear Motors Market: Definition/ Overview

Industrial gear motors are integral mechanical devices that combine an electric motor with a gearbox to provide controlled and reliable rotational motion. These systems convert high-speed, low-torque electrical energy into low-speed, high-torque mechanical power. Gear motors are designed to enhance performance in various industrial applications by offering precise speed control and improved torque output

Industrial gear motors are widely used across diverse sectors including manufacturing, automotive, material handling, and energy. In manufacturing, they drive conveyor belts, mixers, and other machinery, ensuring smooth operation and precise control. In the automotive industry, they are essential for various vehicle components, while in material handling and logistics, the power conveyor systems and automated equipment. Their versatility also extends to renewable energy applications, such as wind turbines, where they facilitate efficient energy conversion.

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How will Rising Focus on Energy Efficiency Increase Adoption of Industrial Gear Motors?

The industrial gear motors market is experiencing significant growth, driven by the rapid expansion of automation across various industries. As manufacturing processes become increasingly sophisticated, the demand for precise and efficient power transmission systems has surged. According to the U.S. Bureau of Labor Statistics, the number of industrial robots in operation increased by 14% between 2021 and 2023, indicating a growing trend towards automation. This shift has directly impacted the gear motors market, as these components are essential for controlling speed and torque in automated systems. In February 2024, ABB Ltd announced the launch of a new line of smart gear motors designed specifically for Industry 4.0 applications, highlighting the industry’s response to this trend.

The rising focus on energy efficiency is another key driver of the industrial gear motors market. As governments worldwide implement stricter energy regulations, industries are seeking more efficient power transmission solutions. The U.S. Department of Energy reported in 2023 that energy-efficient motors could potentially save up to 70 billion kWh of electricity annually in industrial applications. This has led to increased demand for high-efficiency gear motors that can significantly reduce energy consumption and operating costs. In response to this demand, Siemens AG introduced a new series of IE4 efficiency class gear motors in March 2024, promising up to 10% energy savings compared to previous models.

The expansion of renewable energy sectors, particularly wind and solar power, is also fueling growth in the industrial gear motors market. These industries rely heavily on gear motors for various applications, from adjusting solar panel angles to controlling wind turbine pitch systems. The International Renewable Energy Agency (IRENA) reported that global renewable energy capacity grew by 9.6% in 2023, with wind and solar accounting for 90% of the increase. This growth has created new opportunities for gear motor manufacturers.

Will Supply Chain Disruptions of Industrial Gear Motors Restrain Its Market Growth?

The market encounters constraints from technological obsolescence. Rapid advancements in technology can render existing gear motors outdated, compelling companies to invest continually in the latest models to stay competitive. This ongoing need for technological upgrades can strain financial resources and complicate long-term planning for many businesses.

Additionally, the industrial gear motors market is affected by supply chain disruptions. Factors such as fluctuations in raw material prices, geopolitical tensions, and logistical challenges can impact the availability and cost of components, leading to delays and increased production costs.

Also, the growing emphasis on energy efficiency and environmental regulations poses a challenge. Gear motors must meet stringent standards for energy consumption and emissions, which may require costly modifications or upgrades. Compliance with these regulations can be demanding and expensive, potentially limiting market growth and increasing operational costs.

Another restraint is the complexity of maintenance and repair. Industrial gear motors often involve intricate components that require specialized knowledge for servicing. This complexity can lead to increased downtime and operational disruptions if maintenance is not handled correctly, impacting productivity and operational efficiency.

Category-Wise Acumens

Will Rise in Adoption of Helical Gear Motors Drive Industrial Gear Motors Market?

Helical gear motors have established a dominant position in the industrial gear motors market due to their superior efficiency, smooth operation, and high load-bearing capacity. These characteristics make them ideal for a wide range of applications across various industries, including manufacturing, mining, and material handling. According to a 2023 report from the U.S. Department of Commerce, helical gear motors accounted for approximately 45% of the total industrial gear motor sales in North America. This market leadership is further reinforced by continuous innovations in helical gear design and materials. In January 2024, Nord Drivesystems announced the launch of a new series of helical gear motors featuring advanced corrosion-resistant coatings, expanding their applicability in harsh environments.

The increasing focus on energy efficiency in industrial operations has significantly contributed to the popularity of helical gear motors. Their design allows for higher power transmission efficiency compared to other gear types, resulting in lower energy consumption and reduced operating costs. The U.S. Energy Information Administration reported in 2023 that industrial energy efficiency improvements, including the adoption of high-efficiency gear motors, contributed to a 2.5% reduction in overall industrial energy consumption. Responding to this trend, in March 2024, SEW-EURODRIVE introduced a new line of IE5 ultra-premium efficiency helical gear motors, promising up to 15% energy savings over standard models.

Which Factors Enhance the Use of Industrial Gear Motors in Material Handling Sector?

The material handling sector has emerged as a dominant force in the industrial gear motors market, driven by the rapid expansion of e-commerce, warehouse automation, and the need for efficient logistics operations. Gear motors play a crucial role in powering conveyor systems, automated guided vehicles (AGVs), and other material handling equipment essential for modern distribution centers. According to the U.S. Census Bureau, e-commerce sales in the United States grew by 15.7% in 2023 compared to the previous year, fueling the demand for advanced material handling solutions.

The increasing adoption of automated storage and retrieval systems (AS/RS) in warehouses has significantly boosted the demand for specialized gear motors in the material handling sector. These systems require precise and reliable motion control to ensure efficient operation and minimize downtime. The Material Handling Industry of America (MHI) reported that the adoption of AS/RS technologies increased by 32% between 2022 and 2023 among its member companies.

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Country/Region-wise Acumens

Will Rising Demand from Automotive Industry in North America Drive Industrial Gear Motors Market Growth?

North America is the dominant region in the industrial gear motors market, driven by its advanced manufacturing sector, robust automation initiatives, and continuous technological innovations. The region’s leadership is further bolstered by significant investments in industrial infrastructure and the presence of major gear motor manufacturers. According to the U.S. Bureau of Economic Analysis, the manufacturing sector contributed USD 2.3 Trillion to the U.S. GDP in 2023, highlighting the industry’s substantial scale and its impact on the gear motors market.

The automotive industry in North America has been a key contributor to the region’s dominance in the industrial gear motors market. With the shift towards electric vehicles and the increasing automation of production lines, the demand for specialized gear motors has surged. The U.S. Department of Energy reported that electric vehicle sales in the country increased by 45% in 2023 compared to the previous year, driving the need for advanced manufacturing equipment.

Will Rising Industrialization Enhance Adoption of Industrial Gear Motors in Asia Pacific?

The Asia Pacific region is experiencing rapid growth in the industrial gear motors market, driven by robust industrialization, increasing automation across various sectors, and significant investments in manufacturing infrastructure. Countries like China, India, and Japan are at the forefront of this expansion, with their rapidly evolving industrial landscapes creating a surge in demand for efficient power transmission solutions. According to China’s National Bureau of Statistics, the country’s industrial production increased by 4.4% in 2023 compared to the previous year, indicating substantial growth in manufacturing activities.

The automotive sector in Asia Pacific has been a key contributor to the burgeoning industrial gear motors market. With the region becoming a global hub for automotive manufacturing and the rapid shift towards electric vehicles, the demand for specialized gear motors has intensified. India’s Ministry of Heavy Industries reported that the country’s automotive production grew by 12.5% in fiscal year 2023-24, driving the need for advanced manufacturing equipment.

Competitive Landscape

The industrial gear motors market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the industrial gear motors market include:

• Siemens AG
• ABB Ltd.
• Schneider Electric
• SEW-Eurodrive
• NORD Drivesystems
• Bosch Rexroth AG
• Danfoss Group
• Parker Hannifin Corporation
• Sumitomo Drive Technologies
• Eaton Corporation
• Yaskawa Electric Corporation
• Motovario S.p.A.
• Grove Gear
• Harmonic Drive LLC
• Bonfiglioli Riduttori S.p.A.
• Regal Rexnord Corporation
• Winch Design Ltd.
• Maxon Motor AG
• Rossi SpA
• Antriebstechnik GmbH

Latest Developments

• In September 2024, Siemens introduced a new series of high-efficiency industrial gear motors designed to enhance energy savings and operational performance in heavy-duty applications.
• In August 2024, Nord Drivesystems announced a significant upgrade to its modular gear motor systems, incorporating advanced IoT capabilities for real-time monitoring and predictive maintenance.

Report Scope

Industrial Gear Motors Market, By Category

Gear Type:

• Helical Gear Motors
• Worm Gear Motors
• Helical-Bevel Gear Motors

End-Users Industry:

• Material Handling
• Automotive
• Construction
• Power Generation
• Metals & Mining

Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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