Global Industrial Gear Motors Market

Global Industrial Gear Motors Market Overview

The Global Industrial Gear Motors Market Size is Expected to Grow from USD 23.42 Billion in 2023 to USD 39.14 Billion by 2033, Growing at a CAGR of 5.67% during the forecast period 2023 to 2033. The market growth is influenced by the use of industrial gear motors is being driven by the growing automation of manufacturing processes. The use of industrial gear motors is also being accelerated by technological advancements in gear motor design, such as increases in size, durability, and efficiency. The demand for specialized gear motors for a range of automotive applications is rising due to the expansion of the automotive industry, especially in electric vehicles and innovative production techniques.

Major vendors in the global industrial gear motors market are

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, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the industrial gear motors market based on the below-mentioned segments:

Global Industrial Gear Motors Market, By Gear Type

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

Global Industrial Gear Motors Market, By Industry

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

Global Industrial Gear Motors Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa