Geared Motors and Drives Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, Germany, UK - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 180 SKU: IRTNTR70681

Geared Motors and Drives Market 2024-2028

The geared motors and drives market size is estimated to grow at a CAGR of 7.3% between 2023 and 2028. The market size is forecast to increase by USD 8.45 billion. The growth of the market depends on several factors such as the growing importance of accuracy in quality control processes, the rising need to maintain certification standards of industrial products and the increasing use of geared motor and drive systems in automotive plants. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.

This report extensively covers market segmentation by type (geared motors and geared drives), end-user (food and beverage, metals and mining, automotive, wind power, and oil and gas and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

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

Geared Motors and Drives Market Forecast 2024-2028

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Geared Motors and Drives Market Dynamic

Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Growing importance of accuracy in quality control processes

The manufacturing sectors are constantly facing stress over the issue of QC, as it adversely affects their business outcomes. The compromised product quality may result in tarnishing the image of manufacturers, thereby affecting their sustainable business growth. Thus, industrial manufacturers are seeking numerous opportunities to enhance their manufacturing standards and practices without affecting the cost of production. Moreover, multiple QC processes during the production process are essential to increase overall operational productivity. The increased complexity and large-scale production in the manufacturing sector are limiting the accuracy level of manual QC processes.

As a result, the 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, which will thereby contribute to the growth of the market in focus during the forecast period.

Trends - Technological advances and new product developments

Geared motors and drives are used in a wide range of industrial applications. With the requirement for geared motors and drives in new application areas, vendors are offering geared motors and drives with improved functionality and specialized design. Vendors are offering ruggedized motors to meet the extreme operating requirements of process industries such as oil and gas and chemicals. Additionally, vendors are launching new industrial gear motors and drives with improved features. For instance, in April 2021, Siemens AG launched the servo planetary gear motor Simotics S-1FK2 and expanded its range of applications. The company launched Simotics S-1FS2, which is a motor version with stainless-steel housing, the highest degree of protection IP67/IP69, and high-resolution 22-bit absolute multiturn encoders.

However, the servo motor meets all hygienic conditions and can be used for a wide variety of end-products in the food and beverage sector and in the pharmaceutical industry.  Robotics is one area where vendors in the market are focusing on finding new growth opportunities. Apart from hardware, software is another area where vendors are investing in improving the performance of geared motors and drives, which is anticipated to drive the growth of the market in focus during the forecast period.

Challenge- High maintenance costs associated with geared motors and drives

The maintenance cost for geared motors and drives is very high. Also, due to the presence of mechanical parts, they require periodic lubrication, cleaning, and monitoring. Different areas where geared motors and drives require maintenance and monitoring are bearings, rotors or stators, belts, brushes, and motor mounts. Bearing failure is one of the major causes of motor failures and can be due to improper lubrication, misalignment, replacement with the wrong type of bearing, high loading, and a hostile environment. Geared motors are often employed in industries such as oil and gas, chemical, marine, metals and mining, and wind power generation, which are prone to hostile environments that often lead to wear and tear of the geared motors and drives. 

Moreover, the complexity of geared motor and drive systems, which often involve various components and intricate mechanisms, can make maintenance labour-intensive and costly. Specialized tools and expertise are often required, further driving up the maintenance expenditure. Such factors will negatively impact the growth of the global geared motors and drives market during the forecast period.

Geared Motors and Drives Market Segmentation by Type, End-user and Geography

Type Segment Analysis: 

The geared motors segment is estimated to witness significant growth during the forecast period. Geared motors are electromechanical devices that integrate an electric motor and a gearbox into a single unit. The gearbox, consisting of a set of gears, is designed to modify the output speed and torque of the motor. These components are essential in numerous industrial and commercial applications where precise control over motion and power transmission is required. 

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The geared motors segment was the largest and was valued at USD 11.01 billion in 2018.  Furthermore, in elevators, geared motors enable the smooth operation of the car and provide the necessary lifting power. Major vendors in the global geared motors and drives market offer a wide array of geared motors tailored to meet the demands of diverse industrial applications. SEW-EURODRIVE, for instance, is known for its MOVITRAC series, which offers versatile and efficient solutions widely used in industries such as manufacturing and material handling. NORD Drivesystems provides the NORDAC BASE series, integrating motors and gearboxes to deliver customized and reliable geared motor solutions for various applications. Bonfiglioli offers geared motor solutions, including the compact and reliable VF/W Series, catering to diverse industrial needs. Thus, the growing demand for geared motors in different end-user industries will drive the growth of this segment in the market in focus during the forecast period.

End-user Segment Analysis: 

Based on end-user, the market has been segmented into food and beverage, metals and mining, automotive, wind power, and oil and gas and others. The food and beverage segment will account for the largest share of this segment. The global demand for food is increasing rapidly, owing to the rise in the global population, especially in APAC. Furthermore, 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. Vendors in the market are offering new products to meet the varying degrees of sanitary protection and safety requirements of the food and beverage industry. For example, Altra offers the SS2000 Series Helical Bevel Gear Motor that provides features such as automatic entrapment of metallic wear debris, a sealing option for high-pressure wash-down processes, and domed crown and rounded corners for superior wash-down run-off. Therefore, these factors are expected to boost the growth of the market in focus in this segment during the forecast period.

Regional Analysis

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APAC is estimated to contribute 43% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  The demand for geared motor and drive systems in APAC is rising at a strong rate, with strong contributions from the steelmaking, automotive, and electronic industries. Rapid industrialization and booming infrastructure growth in developing countries such as China and India have increased the demand for steel, which is contributing to the demand for geared motor and drive systems from the metal industry. The geared motors and drives market in APAC will be led by an increase in demand in the automotive, oil and gas, and power generation industries. The growing population in the region has led to an increase in demand for vehicles, particularly in India, China, and Vietnam. 

In addition, the automotive industry in APAC, particularly in China, Japan, South Korea, and India, is undergoing large-scale expansion in terms of existing and new facilities, which is constantly raising the demand for geared motors and drives. Japan is one of the largest automotive industries in the world and holds a reputation as the early adopter of industrial automated machinery and robots. The country is witnessing a large adoption of geared motors and drives to bring production optimization to automotive plants. Such factors will contribute to the growth of the regional geared motors and drives market during the forecast period.

COVID Recovery Analysis:

In 2020, the COVID-19 pandemic slowed down the expansion of the regional geared motors and drives market. However, the introduction of vaccines led to the lifting of COVID-19-related restrictions in the region in 2021. Furthermore, operations in metals and mining projects in the region restarted in 2021. Similarly, 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 geared motors and drives market in APAC is expected to witness growth during the forecast period.

Who are the Major Geared Motors and Drives Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd - The company offers geared motors that have the ability to deliver high torque at low speeds, as the gearhead functions as a torque multiplier and can allow small motors to generate higher speeds

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

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

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The geared motors and drives market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook
    • Geared motors
    • Geared drives
  • End-user Outlook 
    • Food and beverage
    • Metals and mining
    • Automotive
    • Wind power
    • Oil and gas and others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil
      • Argentina 
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Geared Motors And Drives Market Scope

Report Coverage

Details

Page number

180

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.3%

Market Growth 2024-2028

USD 8.45 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.06

Regional analysis

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

Performing market contribution

APAC at 43%

Key countries

US, China, India, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

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

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, 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 Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the geared motors And drives market  between 2024 and 2028
  • Precise estimation of the geared motors and drives market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of geared motors and drives market companies

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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 Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global geared motors and drives market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global geared motors and drives market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Geared motors - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Geared motors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Geared motors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Geared motors - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Geared motors - Year-over-year growth 2023-2028 (%)
    • 6.4 Geared drives - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Geared drives - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Geared drives - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Geared drives - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Geared drives - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Food and beverage - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Food and beverage - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Food and beverage - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Food and beverage - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Food and beverage - Year-over-year growth 2023-2028 (%)
    • 7.4 Metals and mining - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Metals and mining - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Metals and mining - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Metals and mining - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Metals and mining - Year-over-year growth 2023-2028 (%)
    • 7.5 Automotive - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.6 Wind power - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Wind power - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Wind power - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Wind power - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Wind power - Year-over-year growth 2023-2028 (%)
    • 7.7 Oil and gas and others - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Oil and gas and others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Oil and gas and others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Oil and gas and others - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Oil and gas and others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ million)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 India - Market size and forecast 2023-2028
      • Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key news
              • Exhibit 126: ABB Ltd. - Key offerings
              • Exhibit 127: ABB Ltd. - Segment focus
            • 12.4 Bonfiglioli Riduttori Spa
              • Exhibit 128: Bonfiglioli Riduttori Spa - Overview
              • Exhibit 129: Bonfiglioli Riduttori Spa - Product / Service
              • Exhibit 130: Bonfiglioli Riduttori Spa - Key offerings
            • 12.5 Dana Inc.
              • Exhibit 131: Dana Inc. - Overview
              • Exhibit 132: Dana Inc. - Business segments
              • Exhibit 133: Dana Inc. - Key news
              • Exhibit 134: Dana Inc. - Key offerings
              • Exhibit 135: Dana Inc. - Segment focus
            • 12.6 DieQua Corp.
              • Exhibit 136: DieQua Corp. - Overview
              • Exhibit 137: DieQua Corp. - Product / Service
              • Exhibit 138: DieQua Corp. - Key offerings
            • 12.7 Eaton Corp. Plc
              • Exhibit 139: Eaton Corp. Plc - Overview
              • Exhibit 140: Eaton Corp. Plc - Business segments
              • Exhibit 141: Eaton Corp. Plc - Key news
              • Exhibit 142: Eaton Corp. Plc - Key offerings
              • Exhibit 143: Eaton Corp. Plc - Segment focus
            • 12.8 Elecon Engineering Co. Ltd.
              • Exhibit 144: Elecon Engineering Co. Ltd. - Overview
              • Exhibit 145: Elecon Engineering Co. Ltd. - Business segments
              • Exhibit 146: Elecon Engineering Co. Ltd. - Key offerings
              • Exhibit 147: Elecon Engineering Co. Ltd. - Segment focus
            • 12.9 Emerson Electric Co.
              • Exhibit 148: Emerson Electric Co. - Overview
              • Exhibit 149: Emerson Electric Co. - Business segments
              • Exhibit 150: Emerson Electric Co. - Key news
              • Exhibit 151: Emerson Electric Co. - Key offerings
              • Exhibit 152: Emerson Electric Co. - Segment focus
            • 12.10 Johnson Electric Holdings Ltd.
              • Exhibit 153: Johnson Electric Holdings Ltd. - Overview
              • Exhibit 154: Johnson Electric Holdings Ltd. - Business segments
              • Exhibit 155: Johnson Electric Holdings Ltd. - Key offerings
              • Exhibit 156: Johnson Electric Holdings Ltd. - Segment focus
            • 12.11 Mitsubishi Electric Corp.
              • Exhibit 157: Mitsubishi Electric Corp. - Overview
              • Exhibit 158: Mitsubishi Electric Corp. - Business segments
              • Exhibit 159: Mitsubishi Electric Corp. - Key news
              • Exhibit 160: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 161: Mitsubishi Electric Corp. - Segment focus
            • 12.12 Nidec Corp.
              • Exhibit 162: Nidec Corp. - Overview
              • Exhibit 163: Nidec Corp. - Business segments
              • Exhibit 164: Nidec Corp. - Key news
              • Exhibit 165: Nidec Corp. - Key offerings
              • Exhibit 166: Nidec Corp. - Segment focus
            • 12.13 Nord Gear Ltd.
              • Exhibit 167: Nord Gear Ltd. - Overview
              • Exhibit 168: Nord Gear Ltd. - Product / Service
              • Exhibit 169: Nord Gear Ltd. - Key offerings
            • 12.14 Regal Rexnord Corp.
              • Exhibit 170: Regal Rexnord Corp. - Overview
              • Exhibit 171: Regal Rexnord Corp. - Business segments
              • Exhibit 172: Regal Rexnord Corp. - Key offerings
              • Exhibit 173: Regal Rexnord Corp. - Segment focus
            • 12.15 SDT Drive Technology
              • Exhibit 174: SDT Drive Technology - Overview
              • Exhibit 175: SDT Drive Technology - Product / Service
              • Exhibit 176: SDT Drive Technology - Key offerings
            • 12.16 Siemens AG
              • Exhibit 177: Siemens AG - Overview
              • Exhibit 178: Siemens AG - Business segments
              • Exhibit 179: Siemens AG - Key news
              • Exhibit 180: Siemens AG - Key offerings
              • Exhibit 181: Siemens AG - Segment focus
            • 12.17 Sumitomo Heavy Industries Ltd.
              • Exhibit 182: Sumitomo Heavy Industries Ltd. - Overview
              • Exhibit 183: Sumitomo Heavy Industries Ltd. - Product / Service
              • Exhibit 184: Sumitomo Heavy Industries Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

              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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • 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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