The Global Geared Motors Market holds the potential to reach USD XX Bn. by 2027 from USD XX Bn. in 2019 with a CAGR of 5.5% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Geared Motors can adjust the speed of the motor and run at a certain speed. They can provide high torque at low speed; hence their demand is high in the industry. Geared motors are used in food and beverages, power generation, metals and mining, automotive, and other industries.
The report has covered, raw materials' availability, demand drivers by region, pricing by region, and profit margins of key players in the industry. A brief analysis of restraints and challenges in the market is also covered with examples by region. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.
Global Geared Motors Market Dynamics
Drivers: Growing power & energy generation sector is the major driving factor for the market.
The growing demand for motor-driven equipment in the food & beverages, metal & mining, infrastructure, power transmission, and other industries are expected to drive the demand of the Global Geared Motors market. The compact size and improved damping characteristics of the geared motors increase their applicability in various industries. Growing concern regarding efficient power transmission from mechanical components is propelling the growth of the market during the forecast period.
The increasing requirement of material handling systems in the industries further expected to accelerate the demand of the Global Geared Motors Market during the forecast period. Low-cost and low maintenance of the geared motors reduce the maintenance downtime in the industry and improves overall productivity. Increasing use of geared motors in agricultural equipment will further fuel the demand of the Global Geared Motors Market.
Restraints: Adoption of new technologies such as shifting frequency drives and electric drives is the restraining factor for the Global Geared Motors Market.
Opportunities: Increasing Research & development and cost-effectiveness of Geared Motors are expected to create new opportunities during the forecast period.
The application of geared motors in the automotive industry is also expected to create new opportunities for the Global geared motor market. High torque requirements in agricultural equipment will also produce significant opportunities during the forecast period.
For More Information Visit: https://www.maximizemarketresearch.com/market-report/global-geared-motors-market/81064/
Scope of the Global Geared Motors Market: Inquire before buying
In this report, the market is divided into three main segments and further into sub-segments to forecast the market size by value.
Global Geared Motors Market, By Industry
• Automotive
• Power and Energy
• Food and Beverages
• Metals and Mining
• Others
The Power and Energy Sector is expected to hold the largest market shares of USD xx Bn. and grow with a CAGR of XX% during the forecast period.
To know about the Research Methodology :- Request Free Sample Report
Increasing wind power installations and the requirement of the system for efficient mechanical power transmission in the power and energy sector is expected to increase the demand of the Global Geared Motor Market during the forecast period. The automotive industry is also expected to hold the USD XX Bn. market shares of Global Geared Motors Market, the automotive industry requires slow speed on the production line to provide sufficient time for assembly operations, this demand of slow speed can be fulfilled with geared motors. Geared motors also are used in the metals and mining industry for material handling purposes.
Global Geared Motors Market, By Types
• Right-angle geared motor
• Inline geared motor
• Parallel shaft geared motor
The Inline geared motor type will dominate the Global Geared Motors Market with high demand in the commercial sector.
Inline geared motors are accounted for the largest shares of USD XX Bn. in Global Geared Motors Market in 2019. Inline geared motors use spur, helical, or planetary gear sets. Inline geared motors are mainly used in food & beverages, metals & mining, construction, agricultural, and manufacturing industries.
Global Geared Motors Market, by Region.
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
The Asia Pacific is expected to hold the largest market share in the global geared motors market during the forecast period.
Asia Pacific is expected to hold the largest market shares of USD XX Bn. with a growth rate of XX% CAGR during the forecast period. Increasing industrial development and growing energy & power sector in the region is expected to fuel the market growth during the forecast period. The rising number of wind power generation projects in emerging countries like India, China is expected to grow the demand of the Global Geared Market in the region.
The automotive industry will further accelerate the demand of the global geared motors market during the forecast period with significant growth. Raw material availability in the region is also a supporting factor for the market.
North America is also expected to experience significant growth during the forecast period thanks to the growing food and beverage industry in the region. The presence of the key players in the region will fuel the growth of the geared motor market during the forecast period.
Covid-19 Impact on the Global Geared Motors Market:
• The coronavirus pandemic has placed tremendous pressure on businesses and sectors across the globe. Governments from all countries have introduced a lock-up to detect the transmission of infectious diseases. The contribution of these regulations makes a negative impact on Power & Energy and Food & Beverages industry.
• The coronavirus adversely impacted the manufacturing and service sector. The interruption of export and import operations due to limitations on foreign flights would further restrict the market's development. The disruption caused by the lockdown would harm the market. Most of the industries are not functioning due to the influence of Covid-19 which caused a destructive impact on the market.
The objective of the report is to present a comprehensive analysis of the Global Geared Motors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Geared Motors Market dynamics, structure by analyzing the market segments and projects the Global Geared Motors Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Geared Motors Market make the report investor’s guide.
Global Geared Motors Market Key Players
• Siemens AG
• BFT Automation U.K. Ltd.
• Sumitomo Drive Technologies
• Bauer Gear Motor
• Johnson Electric
• Mitsubishi Electric
• Bison Group
• Framo Morat Group
• Varvel SpA.
• Portescap Inc.
• WEG S.A.
• SEW-Eurodrive
• Radicon (Elecon Group Company)
• Nidec Corporation
• Eaton
• ABB
• Regal Beloit Corporation
• Groschopp
Global Geared Motors Market, By Industry
• Food & Beverages
• Power & Energy
• Automotive
• Metals & Mining
• Other Industries
Global Geared Motors Market, By Type
• Right-Angle Geared Motor
• Inline Geared Motor
• Parallel Shaft Geared Motor
Global Geared Motors Market, By Region
• Asia-Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key Players in Global Geared Motors Market
• Siemens AG
• BFT Automation U.K. Ltd.
• Sumitomo Drive Technologies
• Bauer Gear Motor
• Johnson Electric
• Mitsubishi Electric
• Bison Group
• Framo Morat Group
• Varvel SpA.
• Portescap Inc.
• WEG S.A.
• SEW-Eurodrive
• Radicon (Elecon Group Company)
• Nidec Corporation
• Eaton
• ABB
• Regal Beloit Corporation
• Groschopp
This Report Is Submitted By :Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
