Global Strain Wave Gearing Devices Market Size By Type, By Application, By Geographic Scope And Forecast
Report ID: 80690|No. of Pages: 202
Global Strain Wave Gearing Devices Market Size By Type, By Application, By Geographic Scope And Forecast
Strain Wave Gearing Devices Market Size And Forecast
Strain Wave Gearing Devices Market size was valued at USD 577 Million in 2023 and is projected to reach USD 983.7 Million by 2030, growing at a CAGR of 11.8 % during the forecast period 2024-2030.
The growing applications of programmed machinery in various industry verticals are anticipated to be a major driving factor for the global Strain Wave Gearing Devices Market. Increasing demand for Strain Wave Gearing Devices Market in semiconductor equipment production will propel the market growth over the forecast period. Various machine tools require strain wave gearing devices for better function which will grow the global strain wave gearing devices market over the coming years. The Global Strain Wave Gearing Devices Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Strain Wave Gearing Devices Market Definition
Strain wave gearing also referred as harmonic gearing is a type of mechanical gear system that is more beneficial in certain characteristics when compared to traditional gearing systems. The devices which are used to perform strain wave gearing are known as Strain Wave Gearing Devices Market. These devices have basically three main components which are a wave generator, a flexed spline, and a circular spine. The wave generator is in the middle part and after that comes the flexed spine and the outer part is the circular spine. Strain wave gearing devices have the advantage of no backlash, high compactness, and light weight, high gear ratios, good resolution and excellent repeatability when repositioning inertial loads, high torque capability, coaxial input and output shafts, reconfigurable ratios within a standard housing. Strain wave gearing devices has been used on various crucial space equipment’s such as lunar rovers. Strain wave gearing devices are also aiming to get into various industries where technological advancements will lead its use on a large scale.
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Global Strain Wave Gearing Devices Market Overview
The technological advancement in the various industry sectors is anticipated in the coming years. Industries are going to be fully functional on machinery which is programmed or is accomplished with advanced machinery such as robots. The major manufacturing industry verticals are going to need the Strain Wave Gearing Devices Market for the function of machines. This increasing demand for the Strain Wave Gearing Devices Market is anticipated to grow the market substantially by a large market share during the forecast period. Increasing use of semiconductors in consumer electronics and various electronics and electrical appliance manufacturing is going to require the help of strain wave gearing devices for their function and this is anticipated to be a major driving factor for the global strain wave gearing device market.
Space equipment such as electrically driven wheels of lunar rovers includes Strain Wave Gearing Devices Market and the winches used to deploy the solar panels in various space equipment are powered using strain wave gearing devices. The various applications of strain wave gearing devices is anticipated to fuel the market growth over the forecast period.
In torque region, there is a tendency for wind up in Strain Wave Gearing Devices Market which may hamper with the market growth of global strain wave gearing devices over the forecast period. However, increasing technological advancements in the field is anticipated to grow the opportunities for the global market in coming years.
Global Strain Wave Gearing Devices Market Segmentation Analysis
The Global Strain Wave Gearing Devices Market is segmented On the Basis Of Type, Application, and Geography.
Strain Wave Gearing Devices Market, By Type
- Cup style
- Hat style
- Pancake style
Based on Type, the market is bifurcated into Cup style, Hat style and Pancake style. The cup style segment is anticipated to grow at a faster rate with substantial growth in market share over the forecast period. Hat style type is expected to have a gradual growth in its market share over the forecast period along with a subsequent CAGR growth in coming years. Pancake style is anticipated to grow substantially over the forecast period and will account for significant market share in near future.
Strain Wave Gearing Devices Market, By Application
- Industry Robot
- Semiconductor Equipment
- Flat Panel Equipment
- Machine Tools
- Optical Machine
- Printing
- Bookbinding and Paper Machine
- Metal Working Machine
- Medical Equipment
- Space Equipment
Based on Application, the market is segmented into Industry Robot, Semiconductor Equipment, Flat Panel Equipment, Machine Tools, Optical Machine, Printing, Bookbinding and Paper Machine, Metal Working Machine, Medical Equipment and Space Equipment. Industry Robot segment is anticipated to grow with a significant market share in coming years. Technological advancements in various industry segment will aid the growth of Industry robot segment. Semiconductor equipment with an increasing demand of consumer electronics is anticipated to account for a significant market share over the forecast period.
Strain Wave Gearing Devices Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on regional analysis, the Global Strain Wave Gearing Devices Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Asia Pacific is anticipated to account the largest market share by the forecast period. Japan is the leading country that holds the core technology of strain wave gearing devices. Asia Pacific is anticipated to grow substantial in market growth due to the countries like Japan and China. The North America region is also growing with the increase in R&D and production companies. It is anticipated to witness substantial growth over the forecast period.
Key Players
The “Global Strain Wave Gearing Devices Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are HDSI, Leaderdrive, Beijing CTKM Harmonic Drive, BHDI, Zhejiang Laifual, Nidec-Shimpo, BENRUN Robot, and Cone Drive. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | HDSI, Leaderdrive, Beijing CTKM Harmonic Drive, BHDI, Zhejiang Laifual, Nidec-Shimpo, BENRUN Robot, and Cone Drive. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
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Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL STRAIN WAVE GEARING DEVICES MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL STRAIN WAVE GEARING DEVICES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL STRAIN WAVE GEARING DEVICES MARKET, BY TYPE
5.1 Overview
5.2 Cup Style
5.3 Hat Style
5.4 Pancake Style
6 GLOBAL STRAIN WAVE GEARING DEVICES MARKET, BY APPLICATION
6.1 Overview
6.2 Industry Robot
6.3 Semiconductor Equipment
6.4 Flat Panel Equipment
6.5 Machine Tools
6.6 Optical Machine
6.7 Printing, Bookbinding and Paper Machine
6.8 Metal Working Machine
6.9 Medical Equipment
6.10 Space Equipment
7 GLOBAL STRAIN WAVE GEARING DEVICES MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East
8 GLOBAL STRAIN WAVE GEARING DEVICES MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 HDSI
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Leaderdrive
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Beijing CTKM Harmonic Drive
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 BHDI
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Zhejiang Laifual
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Nidec-Shimpo
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 BENRUN Robot
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Cone Drive
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
10 Appendix
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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