Gear Motor Market Size - By Type (Helical Gear, Planetary Gear, Beval Gear, Worm Gear, Spur Gear, Electric Gear, Others), By Rated Power (Up to 7.5 kW, 7.5 kW to 75 kW, Above 75kW), By Phase (Single, Double, Three), Regional Outlook & Forecast, 2024 – 2032

Gear Motor Market Size - By Type (Helical Gear, Planetary Gear, Beval Gear, Worm Gear, Spur Gear, Electric Gear, Others), By Rated Power (Up to 7.5 kW, 7.5 kW to 75 kW, Above 75kW), By Phase (Single, Double, Three), Regional Outlook & Forecast, 2024 – 2032

Gear Motor Market Size

Gear Motor Market was valued at USD 5.96 billion in 2023 and is expected to register about 4.8% CAGR from 2024 to 2032. As governments and private entities expand their renewable energy capacities through wind farms and other projects, there is a proportional increase in the demand for reliable and efficient gear motors. Moreover, this investment not only drives technological advancements in gear motor design but also stimulates industrial activities reliant on stable power infrastructure, further augmenting the need for these versatile mechanical components.

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Consequently, the growth in power generation investment propels the gear motor industry forward, fostering innovation and expanding its applications across diverse sectors of the economy. This surge in investment in power generation, specifically from renewable sources, heavily leverages wind power. Gear motors are used in wind turbines as special motors that drive blade pitch, gape, and rotor speed in such a way to maximize energy capture efficiency.
 

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The main reason restraining the growth of the gear motor market is the operation and maintenance costs due to electrical breakdowns. To make a gear motor, need an integrated gear, shaft, motor, wiring, etc. In addition, the prices of the components required in the engines are very variable, which makes the overall assembly of the device more expensive compared to competing products such as direct. The production process of industrial engines is quite long, including grinding, heat treatment and more. Consequently, high costs of production and maintenance are restraining the growth of the global market. Effective engine and operating system management can reduce operating costs, improve performance and increase reliability.

Gear Motor Market Trends

Growing adoption of IoT across industries has driven transformational growth in the gear motor industry since it changes operational dynamics. IoT-enabled gear motors now allow for real-time monitoring and control, thereby increasing their efficiency and reducing downtime through insights from predictive maintenance. This technological integration enables remote management and diagnostics, thereby streamlining operations across distributed assets and increasing flexibility in industrial processes.

The IoT also assists with seamless integration into smart manufacturing frameworks, helping to support agile and responsive production environments. With industries tapping into the power of the IoT in order to improve productivity and sustainability, there is an accelerated demand for sophisticated gearing motors, as these play a critical role in enabling smarter, more efficient industrial operations.

Gear Motor Market Analysis

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The beval gear motor segment was worth over USD 1.41 billion in 2023 and is expected to reach USD 2.22 billion by 2032 with a CAGR of 5.3%. Bevel gear motors have established themselves as leaders in the gear motor industry due to their exceptional efficiency, versatility, and reliability across diverse industrial applications. Prominent for their ability to transmit power between non-parallel shafts at various angles, bevel gear motors offer precise torque transmission and smooth operation, making them ideal for environments where space constraints or specific angle requirements are critical considerations. Their compact design not only optimizes machinery layouts but also ensures durability under heavy loads and in harsh operating conditions, minimizing downtime and maintenance costs.

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Based on rated power, the 7.5 kW to 75kW segment dominated about 50.04% market share in 2023 and is projected to reach a valuation of USD 4.77 billion by 2032. The 7.5 kW to 75 kW segment is expected to have a significant share and is growing significantly. 7.5 kW to 75 kW consumes little energy and provides excellent performance and increases overall productivity. It is used in marine, processing, manufacturing, assembly etc.

Based on End-user, the material handling segment accounted for over 22.61% share of the gear motor market in 2023 and is set to reach a valuation of USD 2.03 billion by 2032. The material handling industry depends heavily on the integration of gear motors. These motors are further valued because they manage to effectively convey high torques—the force necessary to run conveyor, lift, crane, and automated system movements that handle extensive, large masses of materials both dependably and accurately. Their robust construct features little or less downtime and low maintenance costs under difficult operating atmospheres.

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 North America is leading the market share of gear motor due to increased demand in the power generation sector and process industries such as chemical and mining. Additionally, the United States is the dominant country in the North American market as it has a well-established manufacturing sector compared to Canada. In addition, it is also one of the dominant players in the material handling industry.

Country level Analysis

North America In terms of country, the US is dominating the North America Gear motor market with revenue of around USD 1.19 billion in the year 2023 and expected to reach around USD 1.91 billion by 2032. The U.S. has an industrialized base with a robust manufacturing sector, extensive use of gear motors in industries related to automobiles, food and beverage, aerospace, and industrial machinery. Subsystems of advanced manufacturing and technology expertise support broad-based applications of gear motors.

Asia Pacific China is leading the Asia Pacific Gear motor market is growing at the fastest growth rate of around 5.9% with a market share of around 33.49% in 2023. China has strong manufacturing hub. This manufacturing capability applies to gear motors as well, where the manufacturers in China can benefit from economies of scale, reduced production costs, and an extended infrastructure for industries. Chinese gear motor manufacturers export to significant amounts in markets within APAC and globally. The competitive pricing, effective supply chains, and established trade relationships in the country make Chinese manufacturers very successful at winning major market share both within APAC and globally.

EuropeGermany is leading the Europe gear motor market growing at the fastest growth rate of around 5.3% with a market share of around 26.86% in the 2023. German companies are the innovation leaders, developing further gear motor technologies. They invest heavily in research and development to improve motor efficiency, durability, and integration with smart technologies like IoT for Predictive Maintenance and Optimization. Germany has a diversified industrial base—which means including an automotive industry, machinery and manufacturing, and renewable energy sectors. Gear motors are integral components of these industries in applications such as automation, robotics, conveyor systems, and industrial machinery that drive steady demand.

Gear Motor Market Share

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 lineshelical, 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

Gear Motor Industry News

• In December 2023, In December 2023, Mill Gears Pvt. Ltd.—a Gujarat-based leading Industrial Innovation company—introduced one of the largest gearbox designs in the world, especially for the sugar mill industry. This new revolutionary product is eyed to create a significant leap in the industrial engineering segment and set a new benchmark of efficiency and performance.
• In March 2022, Watt Drive delivered 21 WG20 series geared motors and W22Xde (IIC T4 Gb) series WEG flameproof motors for Lenzing Filtration. These hazardous area drive solutions, designed to help Lenzing Filtration deliver OptiFil-250-0720 and OptiFil-350-1080 backflush filters of China to produce polymer MDI, are used by some major Chinese chemical companies located worldwide. A Lenzing Filtration sales partner took care of the on-site installation.
• In October 2021, Regal Rexnord continued to transform through the merger with the process & motion control business segment of Rexnord. This strengthened the portfolio of the Company and powerfully positioned the Company in the industrial power trains. This merger changed its name to Regal Rexnord Corporation immediately after closing the merger, and the revenue grew to USD4B.

This gear motor market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Million units) from 2021 to 2032, for the following segments

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Market, By Type

• Helical Gear
• Planetary Gear
• Beval Gear
• Worm Gear
• Spur gear
• Electric gear
• Others (PMDC, compact)

Market, By Rated Power

• Upto 7.5 kW
• 7.5 kW to 75 kW
• Above 75kW

Market, By Phase

• Single
• Double
• Three

Market, By Torque

• Up to 10000 Nm
• Above 10000 Nm

Market, By End-User

• Material handling
• Construction
• Power generation
• Mining
• Food & beverage
• Manufacturing industry
• Packaging and labeling
• Other (wind power, automotive, marine)

Market, By Distribution Channel

• Direct sales
• Indirect sales

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA