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Geared Motors and Drives Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 150
  • SKU: IRTNTR70681
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The geared motors and drives market share is expected to increase by USD 6.99 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.85%.

This geared motors and drives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers geared motors and drives market segmentation by end-user (food and beverage, metals and mining, automotive, wind power, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The geared motors and drives market report also offers information on several market vendors, including ABB Ltd., Altra Industrial Motion Corp., Anaheim Automation Inc., Boneng Transmission Suzhou Co. Ltd., Bonfiglioli Riduttori Spa, Dana Motion Systems Italia Srl, dematek GmbH and Co. KG, DieQua Corp, Eaton Corp. Plc, Elecon Engineering Co. Ltd., Groschopp, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Nord Gear Ltd., Regal Rexnord Corp., SDT Drive Technology, SEW EURODRIVE, Siemens AG, Sumitomo Heavy Industries Ltd., and Watt Drive Antriebstechnik GmbH among others.

What will the Geared Motors And Drives Market Size be During the Forecast Period?

Geared Motors and Drives Market Size

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Geared Motors And Drives Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing importance of accuracy in quality control (QC) processes is notably driving the geared motors and drives market growth, although factors such as emerging VSDs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the geared motors and drives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Geared Motors And Drives Market Driver

The growing importance of accuracy in quality control (QC) processes is one of the factors driving the geared motors and drives market growth. The manufacturing sectors are constantly facing stress over the issue of QC, as it adversely affects their business outcomes. However, the increased complexity and large-scale production in the manufacturing sector are limiting the accuracy level in manual QC processes. Thus, overall profitability sometimes gets compromised. Therefore, geared motor and drive systems have gained popularity over manual QC in recent times. In addition, the use of geared motor and drive systems greatly reduces production and related costs by lowering the amount of waste generated and the need for rework. This results in higher production efficiency and helps spur the demand for geared motor and drive systems during the forecast period.

Key Geared Motors And Drives Market Trend

The emergence of magnetic gearboxes is one of the key geared motors and drives market trends fueling the market growth. A magnetic gear makes use of a permanent magnet to transmit torque from an input shaft to an output shaft without mechanical contact. Magnetic gearboxes are mainly used in high-speed applications and in hostile environments where gearboxes are subject to high shock and vibration. Hence, they are finding increasing applications in wind turbines. Wind turbines with a mechanical gearbox are subject to a varying wind speed that often leads to torque on the gearbox, exceeding design parameters. With a magnetic gear, there is no direct contact between two magnetic gear rotors. Even if the torque exceeds the design limit, there would be no mechanical problem as mechanical parts are absent. Such factors will fuel the market growth during the forecast period.

Key Geared Motors And Drives Market Challenge

Emerging VSDs is one of the key factors challenging the geared motors and drives market growth. A VSD is an electric device that controls the speed of an induction motor by regulating the frequency and voltage of the power supplied to the motor. VSDs are used in various industrial applications, such as pumps, ventilation systems, elevators, and machine tool drives, mainly for the purpose of energy saving. For instance, energy consumption in pump and fan applications can be reduced by more than 50% by using VSDs. Industries such as metals and mining, construction, and conventional power are subject to stringent regulatory norms that demand the use of energy-efficient equipment such as VSDs. Such an increasing demand will challenge the market growth in the forecasted period.

This geared motors and drives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global geared motors and drives market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the geared motors and drives market during the forecast period.

Who are the Major Geared Motors And Drives Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Altra Industrial Motion Corp.
  • Anaheim Automation Inc.
  • Boneng Transmission Suzhou Co. Ltd.
  • Bonfiglioli Riduttori Spa
  • Dana Motion Systems Italia Srl
  • dematek GmbH and Co. KG
  • DieQua Corp
  • Eaton Corp. Plc
  • Elecon Engineering Co. Ltd.
  • Groschopp
  • Johnson Electric Holdings Ltd.
  • Mitsubishi Electric Corp.
  • Nord Gear Ltd.
  • Regal Rexnord Corp.
  • SDT Drive Technology
  • SEW EURODRIVE
  • Siemens AG
  • Sumitomo Heavy Industries Ltd.
  • Watt Drive Antriebstechnik GmbH

 

This statistical study of the geared motors and drives market encompasses successful business strategies deployed by the key vendors. The geared motors and drives market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • eaton.com - The company offers geared motors that are designed for both commercial and military applications where the packages offer high volumetric and torque efficiencies resulting in higher power output and low power loss.
  • bonfiglioli.com - The company offers geared motors that have minimized mounting space, wide output speed selection range and reduced standard backlash.
  • altramotion.com - The company offers geared motors that are equipped with dimensioned ball or roller bearings, case hardened forged and ground gears, and internally and externally reinforced gearboxes to ensure a long, low maintenance service life.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The geared motors and drives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Geared Motors And Drives Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the geared motors and drives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Geared Motors And Drives Market?

Geared Motors and Drives Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for geared motors and drives market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Rapid industrialization and booming infrastructure growth in developing countries such as China and India have increased the demand for steel, which will facilitate the geared motors and drives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic slowed down the expansion of the regional market. However, in 2021, the introduction of vaccines led to the lifting of COVID-19-related restrictions in the region. Furthermore, in India, the government is focusing on increased spending to stimulate growth in the infrastructure sector and ensure an economic recovery from the negative impact of COVID-19. Due to these factors, the market in APAC is expected to witness growth during the forecast period.

What are the Revenue-generating End-user Segments in the Geared Motors And Drives Market?

Geared Motors and Drives Market Share

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The geared motors and drives market share growth in the food and beverage segment will be significant during the forecast period. The food and beverage industry is highly fragmented. Moreover, regulatory compliances regarding food safety, quality, and hygiene have put extra pressure on manufacturers to adapt their equipment accordingly. Also, equipment such as geared motors and drivers should withstand the effect of cleaning agents and disinfectants that are used in large quantities to prevent the growth of microorganisms. Moreover, vendors in the market are offering new products to meet the varying degrees of sanitary protection and safety requirement of the food and beverage industry. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the geared motors and drives market size and actionable market insights on post COVID-19 impact on each segment.

 

Geared Motors And Drives Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.85%

Market growth 2022-2026

$ 6.99 billion

Market structure

Fragmented

YoY growth (%)

5.52

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 43%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Altra Industrial Motion Corp., Anaheim Automation Inc., Boneng Transmission Suzhou Co. Ltd., Bonfiglioli Riduttori Spa, Dana Motion Systems Italia Srl, dematek GmbH and Co. KG, DieQua Corp, Eaton Corp. Plc, Elecon Engineering Co. Ltd., Groschopp, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Nord Gear Ltd., Regal Rexnord Corp., SDT Drive Technology, SEW EURODRIVE, Siemens AG, Sumitomo Heavy Industries Ltd., and Watt Drive Antriebstechnik GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Geared Motors And Drives Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive geared motors and drives market growth during the next five years
  • Precise estimation of the geared motors and drives market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the geared motors and drives industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of geared motors and drives market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Food and beverage - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Food and beverage - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Food and beverage - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Food and beverage - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Food and beverage - Year-over-year growth 2021-2026 (%)
    • 5.4 Metals and mining - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Metals and mining - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Metals and mining - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Metals and mining - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Metals and mining - Year-over-year growth 2021-2026 (%)
    • 5.5 Automotive - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.6 Wind power - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Wind power - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Wind power - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Wind power - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Wind power - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 48: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 101: ABB Ltd. - Overview
              • Exhibit 102: ABB Ltd. - Business segments
              • Exhibit 103: ABB Ltd. - Key offerings
              • Exhibit 104: ABB Ltd. - Segment focus
            • 10.4 Altra Industrial Motion Corp.
              • Exhibit 105: Altra Industrial Motion Corp. - Overview
              • Exhibit 106: Altra Industrial Motion Corp. - Business segments
              • Exhibit 107: Altra Industrial Motion Corp. - Key offerings
              • Exhibit 108: Altra Industrial Motion Corp. - Segment focus
            • 10.5 Bonfiglioli Riduttori Spa
              • Exhibit 109: Bonfiglioli Riduttori Spa - Overview
              • Exhibit 110: Bonfiglioli Riduttori Spa - Product / Service
              • Exhibit 111: Bonfiglioli Riduttori Spa - Key offerings
            • 10.6 DieQua Corp
              • Exhibit 112: DieQua Corp - Overview
              • Exhibit 113: DieQua Corp - Product / Service
              • Exhibit 114: DieQua Corp - Key offerings
            • 10.7 Eaton Corp. Plc
              • Exhibit 115: Eaton Corp. Plc - Overview
              • Exhibit 116: Eaton Corp. Plc - Business segments
              • Exhibit 117: Eaton Corp. Plc - Key news
              • Exhibit 118: Eaton Corp. Plc - Key offerings
              • Exhibit 119: Eaton Corp. Plc - Segment focus
            • 10.8 Mitsubishi Electric Corp.
              • Exhibit 120: Mitsubishi Electric Corp. - Overview
              • Exhibit 121: Mitsubishi Electric Corp. - Business segments
              • Exhibit 122: Mitsubishi Electric Corp. - Key news
              • Exhibit 123: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 124: Mitsubishi Electric Corp. - Segment focus
            • 10.9 Regal Rexnord Corp.
              • Exhibit 125: Regal Rexnord Corp. - Overview
              • Exhibit 126: Regal Rexnord Corp. - Business segments
              • Exhibit 127: Regal Rexnord Corp. - Key offerings
              • Exhibit 128: Regal Rexnord Corp. - Segment focus
            • 10.10 SDT Drive Technology
              • Exhibit 129: SDT Drive Technology - Overview
              • Exhibit 130: SDT Drive Technology - Product / Service
              • Exhibit 131: SDT Drive Technology - Key offerings
            • 10.11 Siemens AG
              • Exhibit 132: Siemens AG - Overview
              • Exhibit 133: Siemens AG - Business segments
              • Exhibit 134: Siemens AG - Key news
              • Exhibit 135: Siemens AG - Key offerings
              • Exhibit 136: Siemens AG - Segment focus
            • 10.12 Sumitomo Heavy Industries Ltd.
              • Exhibit 137: Sumitomo Heavy Industries Ltd. - Overview
              • Exhibit 138: Sumitomo Heavy Industries Ltd. - Business segments
              • Exhibit 139: Sumitomo Heavy Industries Ltd. - Key offerings
              • Exhibit 140: Sumitomo Heavy Industries Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 141: Inclusions checklist
                • Exhibit 142: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 143: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 144: Research methodology
                • Exhibit 145: Validation techniques employed for market sizing
                • Exhibit 146: Information sources
              • 11.5 List of abbreviations
                • Exhibit 147: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Geared Motors and Drives market growth will increase by $6992.82 million during 2022-2026.
                  The geared motors and drives market is expected to grow at a CAGR of 6.85% during 2022-2026.
                  Technavio has segmented the geared motors and drives market by end-user (Food and beverage, Metals and mining, Automotive, Wind power, and Others) and geographic (APAC, Europe, North America, Middle East and Africa, and South America).
                  ABB Ltd., Altra Industrial Motion Corp., Anaheim Automation Inc., Boneng Transmission Suzhou Co. Ltd., Bonfiglioli Riduttori Spa, Dana Motion Systems Italia Srl, dematek GmbH and Co. KG, DieQua Corp, Eaton Corp. Plc, Elecon Engineering Co. Ltd., Groschopp, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Nord Gear Ltd., Regal Rexnord Corp., SDT Drive Technology, SEW EURODRIVE, Siemens AG, Sumitomo Heavy Industries Ltd., Watt Drive Antriebstechnik GmbH are a few of the key vendors in the geared motors and drives market.
                  APAC will register the highest growth rate of 42.54% among the other regions. Therefore, the geared motors and drives market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the geared motors and drives market growth are:
                  • Growing importance for accuracy in quality control (QC) processes
                  • Emergence of magnetic gearboxes
                  The geared motors and drives market vendors should focus on grabbing business opportunities from the food and beverage segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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